{"signature": "0xa007d7f3785f2f33cab8fee1b78a1076a5d90b358760b426262f43ad682fce302ad2f0058f187027f18c41ec664bd9b9ef5a5995cde09d36db8efa0124553be51b", "application": {"round": "0x8de918f0163b2021839a8d84954dd7e8e151326d", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "vbvQJs1chC9qpt1TBG4YYRFCcWejZe9h0fArvFJA7zpwX0vbBiHfVBPRwzDDqnpo", "encryptedSymmetricKey": "3e4a2b60925796a9941a16739f73bdbdb6c8bbb0abe516e4a8e15a30df703834925575be23cfcb32b68ea8568a6250187bbb1e367eaea6713fc1f98cfe84354faa3d3f1d3f66d159555d01a875fa6ee6671a85492e81e2e8cbedf91d6e7523aa7ab2d3919384d12a701b37556525e6a5fea7be2b8ca5f4687938ea8ae3ce26c6000000000000002042315478acffe02ff695202a010138e164489cd558bea9970fee21aee2fcb90c465d07833173062bc4a15721b9a7948d"}}, {"type": "link", "answer": "https://github.com/CarmineOptions/", "hidden": false, "question": "Project GitHub Repo (Not team page)", "questionId": 1}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle", "questionId": 2, "encryptedAnswer": {"ciphertext": "ftFdBW7uKAdU3cvmT891Tf0qOZqYo03+M9LMWs6TVLc=", "encryptedSymmetricKey": "7ec34f2549cb688d90b8f711c8f477369e3d0f7c3a2aed5bf3004dc6f5ad9746f575fda5982a3440668850835bd8bd128d02de6e4c73953d93c07782c99d633d4357ec5af39a400d8711cab320dd485b60a7e8e6a4330bb542db6b944c1b018ae75e60871150737d338b83379f3320d7be2790b8fdce572125dffb557e0ec28e0000000000000020a2458210eec7917c653701b68154a29184e8ff4de1a3acc8f81250582df1b7b9e6fd731a28ec98c33ea1e077503dd5a0"}}, {"type": "link", "answer": "https://discord.com/invite/uRs7j8w3bX", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram)", "questionId": 3}, {"type": "number", "answer": "252500", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 4}, {"type": "paragraph", "answer": "Grants - 12 500\nVC - 240 000", "hidden": false, "question": "Please expand on how much funding you\u2019ve received from each funding source and when (VC, grants, token sales, etc)", "questionId": 5}, {"type": "number", "answer": "10", "hidden": false, "question": "Total team size", "questionId": 6}, {"type": "number", "answer": "16", "hidden": false, "question": "How old (in Months) is the project?", "questionId": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "hidden": false, "question": "Profiles or socials of other main team members publicly associated with the project: ", "questionId": 9}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? https://gitcoin.notion.site/GG18-Eligibility-cb4a5754c56043d4b3ed34eddbac261c?pvs=4", "questionId": 10}, {"type": "paragraph", "answer": "The apps that Carmine team and community are building are open sourced and under MIT license. At the same moment the financing is not secured for all of the open source activities we have and we want to grow with the community.", "hidden": false, "question": "Please explain how your project meets the round-specific eligibility criteria", "questionId": 11}, {"type": "paragraph", "answer": "No gitcoin grants before.", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months", "questionId": 12}, {"type": "paragraph", "answer": "- Carmine Options AMM - 24 000 unique users (ATM not fully released)\n- Carmine StarkNet Governance - multiple projects showed their interest and now we are discussing specific needs. We are updating the design to make it easy to use and deploy for those protocols.\n- DeRisk (risk monitoring) - Most of the StarkNet's lending protocols agreed to take part in it and we are discussing few entire chains to join in.\n\nAll of the above is quite young in terms of when the marketing started and with the exception of Carmine Options AMM also in terms of the development.", "hidden": false, "question": "How do you measure the impact of your project? Please provide examples and/or standard metrics. This might be used in future impact reports", "questionId": 13}, {"type": "paragraph", "answer": "The core team spent its careers between AI/ML, HFT, MEV and its background covers this more than well. This makes us incredibely well suited to deal with modeling and measuring risk in DeFi.\n\nWe are also pushing on having community contributions. We are relatively successful mainly with developers that want to learn new things and contribute to open source at the same time. Having more capital would mean that the project could get senior community developers.", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 14}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews?", "questionId": 15}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities?", "questionId": 16}, {"type": "multiple-choice", "answer": "Europe", "hidden": false, "question": "Location/Region where the project is based", "questionId": 17}], "project": {"id": "1:0x03506eD3f57892C85DB20C36846e9c808aFe9ef4:1085", "title": "Carmine Options AMM", "logoImg": "bafkreicbdd4xa3n7dxtt2ijpqhlopuvw6lhwo2pk3wapp7l32kyawyuzfy", "metaPtr": {"pointer": "bafkreia5krdiymfjdj7wudj73fwwhjeagjedib3w3kxw6iier5meof7gte", "protocol": "1"}, "website": "https://carmine.finance", "bannerImg": "bafkreibvyood63p3cqaoebqmn4dehkrqdrmy6ejqafvcy5fatnwrkmmlhu", "createdAt": 1691788174537, "userGithub": "MarekHauzr", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..X57WibdylYtT-u1-Zsfkzf30VA8uFTTgLTBiOBXYTEXpCajXlJhTA2Y575GSlc9pCtwR7CYfhHBAHZ5lpFgDBA", "type": "Ed25519Signature2018", "created": "2023-08-15T08:06:15.115Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-15T08:06:15.114Z", "expirationDate": "2023-11-13T08:06:15.114Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa4ad2Ee4f67C3C83a0081060b6AeA2c88dFc36f3", "hash": "v0.0.0:JAS8uz296DOPQ9sRKz0ylsZPylXd712Wb2VccPneRKA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#CarmineOptions#8970363"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..gkAYEeA1tnR7NV0_ZFS1hp03O-VCNvyXdHPiuImWzhJJd6tZZxcCdFZIv8Q-ycmexYMVwMOOQtofmgcGIa-JAg", "type": "Ed25519Signature2018", "created": "2023-08-14T20:09:05.907Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-14T20:09:05.906Z", "expirationDate": "2023-11-12T20:09:05.906Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa4ad2Ee4f67C3C83a0081060b6AeA2c88dFc36f3", "hash": "v0.0.0:qV06sSdtpQ7+Uh76iKrEExK5BscVkbueF7emVwGRg08=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#CarmineOptions"}}}, "description": "# Carmine Finance\n\n**Carmine Finance has a simple goal. Take care of crypto risk.**\n\nCarmine community takes care of risk through insurance, hedging, and monitoring. We are **pushing the boundaries** of these.\n\nThrough Carmine Options AMM, blockchain users and protocols can hedge or insure against the risks that apply to them and through DeRisk anyone will be able to monitor these risks.\n\n## Carmine Options AMM\n\nOptions AMM that allows users not only to buy but also to sell options. This has cool implications for liquidity providers - it minimizes their risk and increases the utilization of provided capital. Alongside standard pair listings, one can trade options for different underlying assets such as NFT portfolios and more. \n\n**We view options as \u201cif statement with market pricing\u201d**. Imagine being-or not being-able to use an \u201cif statement\u201d while implementing some software.  Viewing options in this manner introduces a revolutionary approach, providing a **major building block for DeFi composability.**\n\nThings that can easily be built on top of these building blocks include:\n- Hedging / insuring investments\n- Hedging and insurance against impermanent loss\n- Insurance against game commodities price drops\n- Insurance against the risk of under the water loans (shortfall events)\n- Moves us closer to solving the problem of capital efficiency in DeFi\n- And many more\n\nThe smart contracts are written in such a way that anyone who deploys them can easily build products on top or leverage the existing deployments.\n\n ## DeRisk\n\nAn open-source tool to **monitor risks in DeFi.**\n\nAlthough the project is in its infancy, it does not lack ambition. **The goal is to monitor, estimate, and forecast risks associated with the behavior of DeFi protocols.**\n\nThe first major risk being monitored is the **risk of occurrence of under the water loans**. The project aims to quantify this risk, allowing anyone to adjust the models, integrate new protocols (data sources), and primarily provide information. This ensures the risk is better managed, leading to the development of new products or the expansion of existing ones. Imagine being able to use any asset as collateral.\n\n\n", "lastUpdated": 0, "projectGithub": "CarmineOptions", "projectTwitter": "CarmineOptions"}, "recipient": "0xa4ad2Ee4f67C3C83a0081060b6AeA2c88dFc36f3"}}