{"signature": "0x2b04ab9a2e77c2953ab209b6049e1ca04638e743b4f707633adea41a586c616d0f2a2e1a4b3e1a09f3d72dbfbac598375b210cba6996ed932dcc4410eef1e7321b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "m77vHbzEtBCfh2JdaY2sbb2klRUeVYy1OVClwv+w62oNbw05JRH7WOyXEHjajazF", "encryptedSymmetricKey": "344d13dfdc60549f8d07e695b98146f5b35cb77d98c2270e7d8286ef1894cadcc3943c3246dc9a87310ded78240bcb0d76cf987c84b096ace3d5cfb7a8928c27ec5ea573af86f540487ed6c9b6159eca8f77adf236ba83ebf2290d8b1f577ab61d6e7278459e7aba957ef87466a3c8dd5ec70127ebe7519561af2c0947bc7fb700000000000000207dad48dd31a810899a46a68f614e88da8c019f09eac08dbb59a2f9abcc7087b3e69413cd3c521d5d469a8be2547460a6"}}, {"type": "paragraph", "answer": "**The goals of this project are:**\n\n- Provide a comprehensive, open-source resource that covers the most significant risks associated with DeFi. Provide a clear and accessible explanation of each risk category, making it easier for stakeholders to understand DeFi risks in a holistic way.\n- Develop an open-source due diligence framework based on Enterprise Ethereum Alliance (EEA) DeFi Risks Assessment guidelines to help support best practices for assessing DeFi protocols.\n- Demonstrate the application of the due diligence framework through a real-world example by analysing the Uniswap protocol in the context of the Arbitrum ecosystem.\n\n**Deliverables**\n\n- Completed Gitbook Resource: https://qualitax.gitbook.io/qx-defi-risks-101/ \n- Gitbook and standalone PDF of the due diligence framework.\n- Standalone PDF version of the Uniswap due diligence analysis.\n\n\n**Collaboration**\n\nQualitaX is collaborating with the Enterprise Ethereum Alliance (EEA) - DeFi Risk Assessment, Management and Accounting (DRAMA) WG on this project, together with Chaals Nevile, Director of Technical Programs at the EEA , Jerome Ostorero - Director of Research & Risk, Coinchange Financials (and co-chair of the DRAMA WG)  and Pratik Wagh -  Head of Research (and member of the DRAMA WG). \n\n**Work done to date**\n\n-  QualitaX has started working on the QX DeFi Risks Compass Gitbook here: https://qualitax.gitbook.io/qx-defi-risks-101/\n- The DRAMA WG has produced the EEA DeFi Risk Assessment Guidelines available here: https://entethalliance.org/specs/drafts/defi-risks/20231116/\n-  QualitaX has hosted a webinar with the EEA and Coinchange Financials here: https://www.youtube.com/watch?v=xNt8UMN5rho. Webinar registrants and attendees from the UK Financial Conduct Authority, State Street, S&P Global, SwissAssetDAO, Ethereum Foundation, Shell.\n\n", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "51612", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "All funds will be allocated to the core team members delivering the project.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "- Deliverable: DeFi Risks Compass Gitbook resource\nHours: 45\nBlended hourly rate (USD): $185\nTotal: $8,325\nPercentage budget:~ 16%\n\n- Deliverable:  Framework Development (including review by the EEA DRAMA WG + report writing)\nHours: 120\nBlended hourly rate (USD): $185\nTotal: $22,200\nPercentage budget: ~43%\n\n- Deliverable:  Uniswap Due Diligence (including review by the EEA DRAMA WG + report writing)\nHours: 90\nBlended hourly rate (USD): $185\nTotal: $16,650\nPercentage budget: ~32%\n\n- Deliverable:  Reports  completion and finalization, Proofreading & Production\nHours: 24\nBlended hourly rate (USD): $185\nTotal: $4,400\nPercentage budget: ~8.5%", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Open Contribution", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "The project is using Uniswap as a real-world example for demonstrating the application of the due diligence framework which ensures direct relevance to the Uniswap ecosystem.  The Uniswap due diligence analysis aims to be a resource for Uniswap\u2019 stakeholders to support and increase their understanding of risks and to better inform their usage and interactions with the protocol. This increased understanding can lead to more informed decision-making and a stronger, more resilient Uniswap community. ", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "This project directly contributes to advancing the safety, reliability, and robustness of projects built within the Uniswap-Arbitrum ecosystem. It could help support greater adoption and investment in Uniswap in the Arbitrum ecosystem and could help increase stakeholders\u2019 confidence by demonstrating leadership in a \u201cmature DeFi\u201d space: The project aims to produce comprehensive deliverables that will be resources supporting the UAGP's goal of fostering growth and advancing projects that build exclusively within the Uniswap-Arbitrum ecosystem. By promoting DeFi protocolsl due diligence best practices, the project can contribute to the long-term growth and sustainability of a healthy Uniswap-Arbitrum ecosystem. \n\n\n**Potential Wider Impacts:**\n\n\n- Risk Management: Increased awareness and understanding of DeFi risks among regulators and market participants, enabling them to make more informed decisions and/or manage their due diligence more effectively.\n-  Best Practices: Supporting standardization of DeFi protocols due diligence best practices within the DeFi industry, promoting transparency and accountability. Specifically, feedback from our work will be provided to enhance the industry standard EEA Defi Risk Guidelines.\n-  Market Confidence & Adoption: By demystifying DeFi risks and promoting transparency, the project can help build greater confidence among market participants, potentially leading to increased adoption and growth of DeFi platforms.\n-  Community Engagement and Evolution: The open-source nature of the project and the collaboration with the Enterprise Ethereum Alliance (EEA) encourage continuous community engagement, allowing for the resource to evolve in tandem with DeFi developments and ensuring its long-term relevance and utility.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "This is not applicable to the project itself.", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "Yes. Links:   - QX DeFi Risks Compass Gitbook:  https://qualitax.gitbook.io/qx-defi-risks-101/", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "Not applicable.", "hidden": true, "question": "What is the workflow chosen for this project? (You can mention development practices, tools, programming languages, etc.)", "questionId": 11}, {"type": "short-answer", "answer": "Not applicable.", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Market participants including but not limited to DeFi protocol developers, institutional stakeholders;  Regulators; Governance, Risk and Compliance (GRC) stakeholders entering the Digital Assets and DeFi space.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "-  (core) Anais Ofranc - Founder and CEO, QualitaX:  https://www.linkedin.com/in/anaisofranc/\n\n-  (core) Jerome Ostorero - Director of Research & Risk, Coinchange Financials and co-chair of the EEA DeFi Risk Assessment, Management and Accounting (DRAMA) WG: https://www.linkedin.com/in/jerome-ostorero-20xx/ \n\n-  (core) Pratik Wagh -  Head of Research, Coinchange Financials : https://www.linkedin.com/in/itspratikwagh/ \n\n- (core)  Chaals Nevile  - Director of Technical Programs, EEA : https://www.linkedin.com/in/chaals/\n\n- (core) Bradley Stone - Research Lead, QualitaX: https://www.linkedin.com/in/stonebradley/ \n\n-  (non core)  Volunteer contributors from the EEA DRAMA WG. Contributors to the EEA DRAMA WG include experts from Consensys, Hacken, OpenZeppelin, DTCC, EY, Bitwave, Noves, Cube3.ai, DeFi Safety, and more.", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "Roles and relevant experience for this project:\n\n-  Technical Project Lead: Anais Ofranc \nExperience in delivering technical programs,  initiator of the QX DeFi Risks Compass project. Experience working in the enterprise blockchain space since 2020  collaborating with startups, mid-market, and enterprise stakeholders.  Contributor to ISO/TC 307 - Blockchain and distributed ledger technologies.\n\n-  Research & Risk Lead - Jerome Ostorero\nExperience in creating and leveraging proprietary risk assessment frameworks to conduct due diligence on tokens, protocols, bridges, and blockchains before deploying funds; experience creating risk-finding summaries with asset allocation recommendations for asset management teams; updating the DRAF methodology with the new risk processes; automate and standardize frameworks.\n\n-  Review Lead: Chaals Nevile  \nTechnical programs lead for the EEA DRAMA WG and Lead editor of the EEA DeFi Risks Assessment Guidelines, with significant experience in developing technical standards and guidelines. Previously worked as Standard Architect at Consensys. Elected board of W3C.\n\n-  Research Analyst: Pratik Wagh\nExperience conducting due diligence on DeFi Protocols for new DeFi Yield Strategies\nExperience in conducting research for the Sales team to help grow the B2B/Institutional customer base in the existing markets and to find newer markets to venture into. \n\n- Research Analyst:  Bradley Stone\nExperience in leading qualitative research initiatives on finance transformation for enterprises, banks, and regulators. Experience in engaging with senior industry stakeholders to understand the market landscape and track developments in distributed ledger technology (DLT) standards and industry best practices.\n\n-   Subject Matter Experts -  Volunteer contributors from the EEA DRAMA WG. Contributors to the EEA DRAMA WG.  Industry leaders.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "The project team will use Github to manage this project to ensure that we supervise and track delivery efficiently. Please note that team members will not be working full-time on this project for the length of this duration. \n\n- Milestone 1 - \nItem: Completion of the DeFi Risks Compass Gitbook resource\nDuration: 2 weeks\n \n- Milestone 2:\nItem: Framework Development (+ draft report)\nDuration: 5 weeks (includes time allocated for review and updates with EEA Drama WG)\n\n- Milestone 3: \nItem: Uniswap Due Diligence (+ draft report)\nDuration: 5 weeks (includes time allocated for review and updates with EEA Drama WG)\n\n- Milestone 4: \nItem: Final Reports Writing/Proofreading & PDF Production \nDuration: 2 weeks", "hidden": false, "question": "What are the Project Milestones? (Be very specific and write a roadmap highlighting critical deliverables of the project; mention how you will ensure to supervise and track them).", "questionId": 16}, {"type": "paragraph", "answer": "We plan to achieve these milestones by collaborating with The EEA DRAMA Working Group which consists of experienced professionals who have developed proprietary frameworks within their organizations and have hands-on experience assessing DeFi protocols.\n\nBy engaging with the working group members, the project will:\n\n- Gather feedback: The project team will seek input from the working group members on the structure, content of the deliverables. This feedback will help ensure that the resource is comprehensive, accessible, and relevant to the needs of stakeholders.\n- Identify key requirements: Collaboration with the working group will help identify the specific requirements that stakeholders have when first performing due diligence of DeFi protocols . This information will be used to refine the due diligence framework, ensuring that it covers all essential aspects.\n- Leverage expertise: The working group members' extensive experience in developing proprietary frameworks and assessing DeFi protocols will be invaluable to the project. Their expertise will help support the development of the due diligence framework, ensuring that it incorporates industry best practices and reflects the real-world challenges faced by enterprises and other stakeholders.</li>\n- Validate the framework: The project team will work with the working group members to validate the due diligence framework, ensuring that it is fit for purpose and can be effectively applied to real-world scenarios. This validation process will involve testing the framework against the Uniswap protocol and incorporating feedback from the working group.", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "No", "hidden": true, "question": "Has this project already been funded by other Grant Programs?", "questionId": 18}, {"type": "checkbox", "answer": ["I confirm."], "hidden": true, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 19}, {"type": "checkbox", "answer": ["I understand."], "hidden": true, "question": "I understand that I will be required to provide KYC information by the UAGP team in case my application is accepted.", "questionId": 20}, {"type": "short-answer", "answer": "Twitter", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "None", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "None", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "0xb9fb27915ceb30ea38235dd43648e7b19153d7a6b7d91e8c97f0ff9f2880a408", "title": "QX DeFi Compass", "logoImg": "bafkreih4vj2n4wiy4r7yjyevkmxznqvziugfu6ezk6hbxytebutc3ycuzy", "metaPtr": {"pointer": "bafkreidn2dhbqrnphui44qv4awps3zvt63skbgb3ojzxa2judhippom4ue", "protocol": "undefined"}, "website": "https://qualitax.gitbook.io/qx-defi-risks-101/", "bannerImg": "bafkreia7tzrierlyav6g3i6haonermfgp4rsdiwwi6usbscq5nd62bkd2u", "createdAt": 1713367911491, "userGithub": "anaisofranc", "credentials": {}, "description": "QX DeFi Risks Compass, is an open-source project aimed at providing a comprehensive understanding of the risks associated with Decentralized Finance (DeFi). The project's primary goal is to create accessible and informative resources about DeFi risks and protocol due diligence that serve as a guide for stakeholders - including regulators, market participants, and other stakeholders in the DeFi ecosystem.\n", "lastUpdated": 0, "projectGithub": "qualitax"}, "recipient": "0x61994a876ACB351cf7D25fcFCAdd01d01F549a74"}}