{"signature": "0x61cf4ca13937ff8f4775bbd19e0a56b101711ad3df936c049fe693be7a4588c0335770b785c8a4a8962e76a62ed1898e902064f218a2b4a4a61de449e54c19cf1b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "JKbOipNx22QzSjZwkSY3RKe7RchG10MOHu969hgdvrsH4gCAVRxCpcfI3UqkfugN", "encryptedSymmetricKey": "c6ff958601f3bc74e71c9a45426597686eb08e852728b111a700b3a7058b7fb5b314ae3b7b3a0563e0e6ea2630bf8b13a74ee00d4d57034483e1a6383c526b2d0ac618296d408f9cc0b153de3117e0164ee41852cc3e9ce1a6b71d5313c810925d0a7ef8c465f8f44ef1ddc4b461cb1fa529fac63f2d1b2682546ee5164b18b600000000000000203377aa65db49be55839d46b2af5f42fab93da24bd841420aa2468834ca028cf1867caef4ee5e611760035070268a37ad"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "3000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Svim Finance addresses the inefficiencies and high costs associated with traditional financing for underserved asset owners. By tokenizing real-world assets and facilitating investments through DeFi, Svim provides a cost-effective alternative for asset owners and offers stable yield opportunities for crypto investors.\n\nBy discussing with many asset owners, RWA tokenization protocols, and other industry participants, we realized how critical liquidity is for everyone. So Svim Finance plays an aggregated assets and aggregated liquidity sourcing model to connect the capital with the right assets to reduce the cost of the funding channel and improve the investment yield for liquidity providers. By leveraging our TradFi/DeFi domain expertise, building AI models and agents, and sourcing through our network of Web2/Web3 partners, we are solving this important liquidity challenge for the RWA ecosystem.\n", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Svim Finance differentiates from other RWA projects in multiple ways:\n\nGlobal coverage: We embrace open and inclusive finance philosophy, which aligns with the borderless spirit of crypto ethos. In our RWA project, we will offer high quality assets that truly connect global participants of asset owners, borrowers, lenders, investors, service providers, blockchain infrastructure, regulators, other RWA protocols and dapps. Comparing with certain other RWA projects that focus on a particular niche or geo market, we\u2019ll cover global developed and emerging markets unless forbidden by law. \n\nMarketplace and protocol: Our business model is positioned in two angles: an aggregated marketplace and a tokenization protocol. Just like 1inch is a token swap aggregator, or Genie/Gem is an NFT aggregator, Svim Finance is becoming a RWA aggregator. To start, we focus on private and public credit based financial assets. We are working with two launch partners to implement our first batch of liquidity pools in the coming weeks. As an aggregator, we will enjoy the benefits of building on top of other RWA protocols then aggressively scale our marketplace with reasonable cost of operations. In future phases, we\u2019ll expand beyond credit model and financial assets into other sectors such as commodities, real estate, ReFi, collectible, etc. In our vision, both individual and institutional investors will find a wide range of high quality RWA assets they can select to build portfolios with diversified geo markets, yield level, risk profile, timeline duration etc. When we see fit, we will also play the tokenization role to source, evaluate, and legally wrap RWA assets onchain to boost the ecosystem. \n\n\nAI empowerment: As we scale, we\u2019ll add AI components in our marketplace and protocol. On a high level, there are two areas where we will build AI features: 1) We will build AI based risk management systems to predict and manage credit risk. This is a very familiar domain for our team and it provides another form of risk assurance in addition to the overcollateralization and liquidation process. 2) We will build a ChatGPT-like generative AI assistant that we plug into our website and social media platforms to educate users, explain RWA assets, guide the onboarding process, elaborate our liquidity pools, and answer any investment level or account level questions. \n\n\nWeb2/Web3 experienced team: We have a strong core team based in US and Asia, and a mix of Web2 banking/fintech/startup veterans and Web3 crypto exchange/custodian/blockchain talent. We are experienced in building value-adding products from scratch and obsessed with innovations especially combining TradFi and DeFi. We are super bullish about RWA and have lots of ideas to execute step by step.\n", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "As a relatively young project, we are actively building RWA products and liquidity pools:  \n\n\u25cf\tWebsite: v1 launched. Continuously improving.\n\n\u25cf\tWhitepaper: v1 published. Continuously improving.\n\n\u25cf\tFundraising: Secured the first Friends & Family angel round.\n\n\u25cf\tBusiness model: current focus is RWA aggregator, later expands to RWA tokenization protocol.\n\n\u25cf\tStrategic partners: 2 secured launch partners, 10+ more in discussion pipeline.\n\n\u25cf\tProducts: preparing to launch our first private credit tokenization, 90% completed.Overcollateralized trade finance assets, 12-15% APY, < 3 months term. Next product is public credit Treasury bills, 5-6% APY, flexible and liquid. All launching in a few weeks, then scaling up with more financial assets and partners.Further out, we will expand to non-financial non-lending models.\n\n\u25cf\tService providers: About 10 providers are in the working with different progress levels: use case discussions, signed NDA, negotiating commercial agreements, etc.\n\nWe are currently building on Ethereum mainnet, and plan to expand to L2s including Arbitrum soon in Q3. If we get any amount of grant allocation, it\u2019ll greatly help us accelerate the building timeline. RWAIG grant will not just directly help with the funds support but also for our soon-to-start pre-seed fundraising as well.\n", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "Our current product primarily falls under the \u201cBuilding - Deployment of RWAs\u201d funding category. That said, we plan to build a ChatGPT-like generative AI assistant that we plug into our website and social media platforms to educate users, explain RWA assets, guide the onboarding process, elaborate our liquidity pools, and answer any investment level or account level questions. We may work with other tokenization protocols, industry data providers and other resources to collaboratively advocate the RWA industry. This feature would help not only our project but the entire RWA industry to improve awareness, education and adoption. ", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "The target audience fall into multiple categories: 1.\tAsset owners: Web2 asset owners can leverage Svim Finance to access capital and liquidity. Svim Finance will source, assess, legal wrap, and tokenize these assets onto the blockchain. We start with fixed income based financial assets and will expand to other asset classes. 2.\tRWA protocols: Existing RWA protocols can leverage Svim Finance to access capital and liquidity. Svim Finance will help our partner protocols promote, distribute and sell their tokenized RWA assets.  3.\tOn-chain investors: Crypto investors can onboard Svim Finance and allocate capital to RWA assets to enjoy diverse asset selection, yield & risk level trade-off, and market geography.  4.\tOff-chain investors:Fiat investors can onboard Svim Finance and allocate capital to RWA assets to enjoy diverse asset selection, yield & risk level trade-off, and market geography.   5.\tCommunity: The general crypto community can benefit from the Svim Finance RWA ecosystem growth. In addition to general social media roles like Discord moderators, Svim Finance will offer multiple innovative ways to engage with the crypto community including liquidity ambassador program, regional hub leaders, etc. All early contributors, community volunteers, and full time or part time community helpers will be rewarded with commission, token rewards and other incentives.  We have formed a few launch partners for the phase I products with liquidity commitment and have more partners lined up or in active discussions to execute our plan.", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "Svim Finance team has extensive experience in banking, credit bureau, fintech startups, crypto exchange, crypto custodian, blockchain networks. We create real sustainable value by leveraging our Web2 finance and Web3 blockchain experience.\n\nDynas Yuan - Founder: Payment, lending, credit scoring, AI, risk, security from Amazon, State Farm Bank, TransUnion, startups. University of Chicago.\nhttps://www.linkedin.com/in/yuan2021/ \n\nSkylar Du - Head of Product: Crypto, fintech lending, risk management, consulting from OKX, Tencent, Experian, KPMG. Peking University.\nhttps://www.linkedin.com/in/hang-du-5953651b/ \n\nWilliam Zhang - Tech lead: Cloud, crypto and data system design from Anchorage Digital, WeRide.ai, Amazon AWS, Evertz. GIT CS. McMaster University.\nhttps://www.linkedin.com/in/william-weixin-zhang/\n\nSean Xu - Blockchain engineer: Banking, security, data scientist, crypto engineer from Citi, Amazon, Ethereum, Cantina, Udacity, University of Delaware.\nhttps://www.linkedin.com/in/xiangyuxu329/ \n\nZion Dong - Backend engineer: TradFi & crypto trading, market making, custody from regulated CEX, Ronin Capital, QL Securities. University of Chicago.\nhttps://www.linkedin.com/in/dongzj/ \n\nPeter Wu - Web dev engineer: front end web dev, AI & ML platform engineer from Amazon Payments. Purdue University, DePaul University\nhttps://www.linkedin.com/in/peterwu00/ \n\nTyler Choi: BD Specialist: Partnerships manager from L1 blockchain Shardeum, Experienced MoonDAO community participant, software engineer from NASA, Wealth Management AXA Advisors. University of Washington.\nhttps://www.linkedin.com/in/teechoi/ \n\n", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "As a young project, we have not officially started our fundraising process yet. So far, we secured a $250k round from friends & family angel investors, including a crypto exchange. We\u2019ll start raising for our pre-seed round soon. If we get any amount of allocation from RWAIG grant, that\u2019d be very helpful in our fundraising efforts. ", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "Not yet. We have been focused on building, and just started to work with grant programs. This RWA innovation grant is the very first RWA grant we are applying for. We look forward to supporting the Arbitrium\u2019s ecosystem.", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0xf82470de4b1f0b2f146f9aa52144177e67e4457bec80cc47c05fdf94ecb81747", "title": "Svim Finance", "logoImg": "bafkreifqjwahu2k7rkprqnoyranktb4jhonqht75y3foo2rfdc45dc3hwi", "metaPtr": {"pointer": "bafkreigucid5au6fndlnl7kuvszm4rviq4lizsad7noe7pirm2vuxc62by", "protocol": "undefined"}, "website": "https://svim.io", "bannerImg": "bafkreiboxjt2scds5pnbvjqlca7e6ouhx7mgjdfxh2inqxh2mj47vtp2xa", "createdAt": 1723148767871, "userGithub": "wzhang-svim", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..r4GbcOr-SBRV_-bApqrpQ17DAm3D_dcMnqAE83iu8NKXGph4G6Ce--DcQSH-lvX3AUf1UYXkVMriOaldfboZCw", "type": "Ed25519Signature2018", "created": "2024-08-08T20:23:33.477Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-08T20:23:33.476Z", "expirationDate": "2024-11-06T20:23:33.476Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x44dA0B12df814982b17AD0Ba5585708FA180E049", "hash": "v0.0.0:1BLVaClxpmXv0RG4liflklYjNYFUHC8XepjO7l7NUR4=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#svim-labs#177883957"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..3nAOFT9qLyjnZIaR4-K5Bzjg0ba7f625XbKJZSPfiBdIUTCWYJtd5d2suMmkiBBVVDNVbibQHZPzWEKOZBC-Cg", "type": "Ed25519Signature2018", "created": "2024-08-08T19:26:34.190Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-08T19:26:34.190Z", "expirationDate": "2024-11-06T19:26:34.190Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x44dA0B12df814982b17AD0Ba5585708FA180E049", "hash": "v0.0.0:B42vxvdlF0PDJOuXMzycgxcwbFGdezsMWhL3SSOB45c=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#SvimFinance"}}}, "description": "Svim Finance is an AI powered real-world asset aggregated marketplace and tokenization protocol aimed at bridging traditional finance and decentralized finance (DeFi). Our mission is to bring $100 billion worth of assets onto the blockchain, reducing costs for underserved asset owners while providing stable yields for crypto investors. \n\n\nWe start with credit asset tokenization which includes private credit such as trade finance, fintech lending, real estate loans, and public credit such as government Treasury bills. By setting up DeFi-based investment pools, we connect Web2 asset owners or borrowers with crypto investors, offering diverse investment opportunities to earn stable and sustainable high yield while diversifying away from crypto volatility or cybersecurity risks. Svim Finance ensures robust risk management through our internal systems and partnerships with custodians, auditors, oracles, and compliance vendors.\n\nLong term, we aim to be sector-agnostic multi-model marketplace that offer the most RWA offerings, unified investor experience and diversified capital allocation opportunities.\n\nTwitter/X: https://twitter.com/SvimFinance\nGithub: https://github.com/svim-labs", "lastUpdated": 0, "projectGithub": "svim-labs", "projectTwitter": "SvimFinance"}, "recipient": "0x5B4f3D0EBe545652A7fD0ff6FbDB0F71fbEa6C17"}}