{"signature": "0x58d55b4f198defde3d3ba1c19329003886e61275836e9456fd413d67b20bc0b55db7a006570fd1742ff4da0f89af8aae03cc97f5b6a9d8af7d9bd60510abf04d1c", "application": {"round": "0x0b33428de19ae46f72e8888cd1c0102ed49afa87", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "2u0eck1P5l8CftchRI3d7NztOnPCyw3y5ShrJI57sTEiWluOCz12uADnY2b0a7Cq", "encryptedSymmetricKey": "426154801985990aa21e504926bec30e201f56dfcbc19577bea98fa71751e0de5fb3e1e14baa9156b7e99d0e4fdbcd0227a48e9202535814b361b0b20fa902d2993d2cbdae286766214685705c09c3253a76ad4d87c27198500e789a098143a06f1c9df26e9deef3e502134f09395904ecd174c8fd135a72296d83c3083a12fd00000000000000202672898edbfd8bce5b4c0260fcb08cdce804678ccac952379eba15c07a467cae1c8d973d9ecb761814ad6a3921c64a97"}}, {"type": "short-answer", "answer": "Ledgity ", "hidden": true, "question": "Avalanche Forum Username:", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/LedgityLabs/LedgityYield", "hidden": true, "question": "Project GitHub Repository:", "questionId": 2}, {"type": "dropdown", "answer": "Seamless Multi-Chain User Interfaces", "hidden": true, "question": "Which theme does your project primarily focus on? (Select one)", "questionId": 3}, {"type": "paragraph", "answer": "\nLedgity Yield aligns perfectly with the Avalanche Teleporter ecosystem by facilitating the secure and efficient transfer of value between real-world assets (RWA) and the DeFi environment. Our protocol can leverage Teleporter to enable instant yield transfers and seamless interactions across different chains, thus enhancing the interoperability of the Avalanche ecosystem. Moreover, our regulated approach and partnership with traditional financial institutions can attract new players institutional to the Teleporter ecosystem, fostering its adoption and growth.\n", "hidden": true, "question": "Please explain how your project aligns with the Avalanche Teleporter ecosystem and contributes to its growth and development:", "questionId": 4}, {"type": "paragraph", "answer": "Ledgity Yield brings several innovations to the Avalanche Teleporter ecosystem:\nRWA-DeFi Integration: We offer a unique approach to integrating regulated real-world assets into Avalanche's DeFi ecosystem.\nInstitutional-grade yields: Our partnership with a leading asset manager enables us to offer stable and competitive yields.\nRegulatory compliance: Our regulated status paves the way for wider adoption by traditional institutions.\nInstant yield distribution: Potentially enhanced by utilizing Teleporter for rapid cross-chain transfers.\nDecentralized treasury management: Offers DAOs and other DeFi entities an institutional-grade treasury management solution.\nThe potential impact includes a significant increase in TVL on Avalanche, increased institutional adoption, and strengthening Avalanche's position as a leader in RWA-DeFi integration.\n", "hidden": true, "question": "Describe the innovative ideas, technologies, or approaches your project brings to the Avalanche Teleporter ecosystem and their potential impact:", "questionId": 5}, {"type": "paragraph", "answer": "Our team combines deep expertise in traditional finance and blockchain development. Our  developers have significant experience in creating secure and scalable DeFi protocols. We have already successfully deployed our protocol on Linea and Arbitrum, demonstrating our ability to rapidly adapt our technology to different blockchains. Our code has been audited by Hacken, confirming its robustness and security. Additionally, our experience in EUROPE regulatory compliance allows us to effectively navigate the unique challenges of integrating RWAs into DeFi.\n\n", "hidden": true, "question": "For projects focusing on technical innovation, please demonstrate your team's technical expertise and ability to implement the project successfully within the proposed timeline and budget:", "questionId": 6}, {"type": "paragraph", "answer": "Total requested budget: $145,000\nDevelopment and Deployment ($45,000):\nSmart contract adaptation: $20,000\nUser interface development: $10,000\nIntegration testing and optimization: $10,000\nINTEGRATION CCIP BRIDGE  $5,000\n\n\nUser Incentives and Marketing ($100,000):\nInitial APY boost: $80,000\nEarly adopter bonus program: $10,000\nMarketing campaigns and community engagement: $10,000\nThe funds will be used to ensure a rapid and secure deployment on Avalanche, as well as to stimulate initial adoption and TVL growth.\n", "hidden": true, "question": "Provide a detailed breakdown of your project's budget and clearly explain how the requested funds will be allocated:", "questionId": 7}, {"type": "paragraph", "answer": "Months 1:\nAdapt smart contracts for Avalanche\nDevelop user interface\nConduct integration tests and security audits\nInitial deployment on Avalanche testnet\nMonth 2:\nLaunch on Avalanche mainnet\nActivate core functionalities (deposit, withdrawal, yield distribution)\nBegin user incentive program\nCCIP bridge with chainlink\nMonths 3-6:\nContinuous optimization based on user feedback\nIntegrations with other Avalanche ecosystem protocols\nExpansion of yield farming strategies\nGoal: Reach $1-5 million TVL\nMonths 7-12:\nImplement advanced features (e.g., governance, staking)\nExpand institutional partnerships\nGoal: Exceed $50 million TVL\n", "hidden": true, "question": "Outline your project's timeline, including specific milestones and deliverables:", "questionId": 8}, {"type": "short-answer", "answer": "Weekly updates on the Avalanche forum Detailed monthly reports on TVL and user acquisition Quarterly AMAs on Discord or Twitter Active presence on Avalanche social channels Regular blog posts detailing our progress and future plans ( Warpcast , Debank , CMC ..) Participation in Avalanche community events and hackathons", "hidden": true, "question": "How do you plan to provide regular progress updates and maintain open communication with the Avalanche community throughout the grant period?", "questionId": 9}, {"type": "paragraph", "answer": "Weekly updates on the Avalanche forum\nDetailed monthly reports on TVL and user acquisition\nQuarterly AMAs on Discord or Twitter\nActive presence on Avalanche social channels\nRegular blog posts detailing our progress and future plans ( Warpcast , Debank , CMC ..)\nParticipation in Avalanche community events and hackathons\n", "hidden": true, "question": "Would you like to share anything else about your project, previous work, or other affiliations that may help determine project eligibility?", "questionId": 10}], "project": {"id": "0x2b5a1a293bb1c67358d0fe11d90605defe739e53d51c14c845341b3d8b50abe1", "title": "Ledgity Yield ", "logoImg": "bafkreiau3koqb5yqn4asukxlfdkpovdbuhcaemqpnhqgfevnkmnpln4xkm", "metaPtr": {"pointer": "bafkreihnzpwx2db3ubscgwieassubwjjsqtq62biqjsdtfladcn74ujszu", "protocol": "undefined"}, "website": "https://www.ledgity.finance", "bannerImg": "bafkreidydagbkrzcchuqn54gzjxg4ddcs6bgxheipel2gq73u3krqsl7by", "createdAt": 1721647939085, "credentials": {}, "description": "Ledgity Yield is a regulated Real World Asset (RWA) backed yield protocol that aims to bridge the gap between traditional finance and decentralized finance (DeFi). Our project brings institutional-grade, stable yields to the Avalanche ecosystem, offering a unique value proposition that combines the best of both worlds.\n\n\nKey aspects of Ledgity Yield:\n\nRWA-Backed Yields: We provide stable yields backed by real-world assets, managed by a reputable US asset manager with $500 billion AUM.\nRegulatory Compliance: Ledgity is regulated by the French Financial Market Authority, bringing a level of trust and security rarely seen in DeFi.\nInstant Yield Distribution: Users can enjoy immediate access to their earned yields without lock-up periods.\nNo KYC Requirements: We maintain user privacy while still adhering to regulatory standards.\nInstitutional-Grade Treasury Management: Our solution caters to DAOs, VCs, foundations, and individual stablecoin holders.\n\nImpact on the Avalanche Ecosystem:\n\n- Enhanced Liquidity: By offering attractive, stable yields, we aim to draw significant liquidity to Avalanche, potentially reaching $50+ million TVL within a year.\n\n- Institutional Adoption: Our regulatory compliance and partnerships with traditional finance entities can attract institutional capital to Avalanche.\n\n- User Base Expansion: With our existing community of 50k+ users and 100+ partners in Web3 and RWA space, we can bring new users to the Avalanche ecosystem.\n\n- Ecosystem Integration: We plan to collaborate with existing Avalanche protocols, fostering a more interconnected and robust DeFi landscape.\nInnovation in RWA: By showcasing how regulated, real-world assets can be effectively leveraged in DeFi, we aim to inspire further innovation in this space on Avalanche.\n\n-Risk Mitigation: Our stable, audited, and regulated approach can help mitigate some of the volatility and risk concerns in the broader DeFi space, potentially attracting more risk-averse users to Avalanche.\n\nThrough Ledgity Yield, we aim to position Avalanche as a premier destination for secure, regulated, and high-yielding DeFi activities, bridging the gap between traditional finance and the innovative world of Crypto/Blockchain", "lastUpdated": 0, "projectGithub": "LedgityLabs", "projectTwitter": "ledgityyield"}, "recipient": "0x4307ea9A2DC3e220d605F93Aa93C6625dbDb8d4e"}}