{"signature": "0x71b7fd73bed389a187562511792cf58bb86334f990891b2067cdb112d7eaaf4e205153dd805ffde0fb48756207fe518bc67f46cd4afc86155597596744f9d1881c", "application": {"round": "0x5f831ef67fc4e75a8016023333c132fda6fdc232", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "npp4KLQDj8jaMsgwM66bpfWLZUx/v/XprnOv0UdEbMlfb0Eh6o59S7D+k4UfYy5J", "encryptedSymmetricKey": "b9192a45e8c97b03e41b82858dd5191a2da3ff95341c25ceb7c7a0817093947b2fe0df4a9de3c390a6375af9fcefcc0b968a3bdb09b685590ecf58fd9cbbdd9fd1af20f7c47babd3385552e30080e5aec4b51758493773cc5189e92664abf6a4f7497b1804dfb20f4779d7124f3203c3da53943812c882d987950cd76d0c4a2d00000000000000208f5f3f03a8dd08b4af9728814b924f89f496aeeb05db09b082cfc7812ce5bc02c91194cae4df2c16bf3279f2266d2d98"}}, {"type": "number", "answer": "145000", "hidden": true, "question": "Amount requested", "questionId": 1}, {"type": "multiple-choice", "answer": "RFP 1: Liquidity Management and Derivative Protocols", "hidden": true, "question": "What RFP does this project cover?", "questionId": 2}, {"type": "paragraph", "answer": "# **Plan for expenditures**\n## **1. Development (50%)**\n\n1. Detailed architecture of the project.\n2. UI wireframe and component design.\n3. Landing page.\n4. UI of the web-app (React), with fiat on-ramp integration.\n5. Smart contracts:\n   - Uniswap integration\n   - Logic for investing/redeeming/rebalancing\n   - Fund manager election\n   - Token whitelisting system\n   - Dividend tokens\n   - Fund creation\n6. Server-side logic and relevant UI integrations for all smart contract functions.\n\n## **2. Audit (10%)**\n\nAudit by a smart contract auditing company (e.g., Trail of Bits).\n\n\n## **3. Marketing (40%)**\n\n1. Partnerships with Content Creators\n\n   We will form partnerships with content creators who have an audience deeply rooted in the crypto community (e.g., Bankless, Steady Lads). Our strategy is to establish funds in collaboration with these content creators. The objective is not merely to onboard their audience but to turn them into ambassadors of our product. We aim to position ourselves as an on-chain fund that aligns with the ethos of crypto natives. Consequently, when newcomers seek investment advice from crypto natives, our fund will be the top recommendation. In essence, our protocol needs approval from authoritative figures within the current crypto community. We anticipate that crypto natives will promote our product to non-natives due to its decentralized architecture, incredibly simple UX, and the dividend token scheme described below. Thus, our fund becomes the go-to place for non-crypto friends seeking investment advice.\n\n2. Local and Global Dividend Tokens\n\n   Our protocol will feature both local and global dividend tokens. The local dividend token will enable holders to claim fees generated by a specific fund (e.g., the Bankless Crypto Fund will have a local dividend token that allows holders to claim fees generated by that particular fund). The global dividend token will allow holders to claim fees generated by all funds collectively. For example, if configured to 5%, it means that 5% of all fees generated by all funds will go to the global dividend token holders.\n\n   This two-tier dividend token system will serve as a powerful marketing tool, incentivizing various stakeholders to promote the fund.", "hidden": false, "question": "How will you use the funds? Please make a detailed plan for expenditures.", "questionId": 3}, {"type": "short-answer", "answer": "Success will be measured by how much has been invested into our funds. Key KPI is TVL in the protocol. ", "hidden": false, "question": "How do you measure the success of the project? Explain your key KPI", "questionId": 4}, {"type": "paragraph", "answer": "We envision that within the next 10 years, the majority of retail crypto investors will gain exposure to crypto through on-chain funds. Consequently, our asset management protocol could provide a significant amount of liquidity to Uniswap on Arbitrum, substantially increasing the network's TVL.", "hidden": false, "question": "How do you envision this project aligning with Uniswap's goals, and what specific benefits do you anticipate it will bring to the Uniswap ecosystem within Arbitrum?", "questionId": 5}, {"type": "short-answer", "answer": "Our target audience comprises individuals with savings they wish to invest. We believe that the investment most likely to \"unfuck your future,\" as Raoul Pal puts it, is crypto. Therefore, we aim to attract not only those interested in investing in crypto but also any individual looking to invest.  More specifically, our target includes individuals with small to medium-sized savings (ranging from $10 to $500k), aged 18 to 60. These might be people who have not yet invested in crypto due to its complexities but have heard about its potential. They are unsure about which crypto to buy, when to buy, and when to sell.  Additionally, we target crypto natives. As previously mentioned, our goal is not so much for them to invest but to become ambassadors of our product.", "hidden": false, "question": "What is the target audience for this project? ", "questionId": 6}, {"type": "paragraph", "answer": "# Milestone I - First Partnership with a Crypto Native Content Creator\n\nEstablishing a partnership with a crypto-native content creator is crucial as our first milestone, as it will serve as the primary marketing venue for the fund. In collaboration with the content creator, we will select fund managers.  \nTo achieve this milestone, we will reach out to prominent content creators who align with the correct crypto ethos. To entice them into partnership, we will offer a part of the grant and, additionally, global and local dividend tokens. These dividend tokens provide a continuous income stream as such they will incentivize the content creator to further promote the fund.  \nThis milestone involves establishing one partnership, with the goal of having a separate fund for each content creator.\n\n\n# Milestone II - Completion of the Development of V1 of the Protocol\n\n**Critical deliverables include:**\n\n### **Landing Page**\n- **B2B focus:** The main landing page will be targeted towards potential fund creators rather than end users who are investors. The web-app will feature a separate customized landing page for each created fund.\n\n### **Smart Contracts**\n- **Investments:** Conversion of incoming ETH into underlying tokens within the fund.\n- **Redemptions:** Conversion of underlying tokens back to ETH.\n- **Rebalancing:** Adjusting the allocation of underlying tokens in the fund.\n- **Fee Generation:** Performance fees plus risk-free utilization of underlying tokens in various other protocols.\n- **Dividend Tokens (local and global):** Enables token owners to claim generated fees.\n- **Fund Manager Election:** Logic to whitelist accounts that can rebalance the fund.\n- **Automatic Token Whitelisting:** Only tokens with a certain pool depth are allowed in the fund.\n- **Fund Creation and Configuration:** Allows anyone to set up their own on-chain fund.\n\n### **UI for the Fund**\n- **Investing Flow:** Including fiat on-ramp integration.\n- **Redemption Flow:** Withdrawal of the investment from the fund.\n- **Fund Performance Overview:** E.g., $100 invested a year ago is now $250.\n- **Account Abstraction/Gasless Experience.**\n- **Balance and Profit Display.**\n- **Advanced View of Underlying Tokens in the Fund.**\n- **Claim Fees View.**\n- **Fund Creation and Configuration Flow:** Each fund appears to have its own web app.\n\n### **Server-Side Logic**\n- **Fiat On-Ramp Integration.**\n- **Reading Chain Data:** Functions for displaying profit, balance, and underlying tokens in the fund.\n\n# Milestone III - Audit of the Asset Management Protocol\n\nA respectable auditing company will review the smart contracts.\n\n# Milestone IV - Marketing and Public Launch of the First Fund\n\nIn coordination with our crypto-native content creator, we will launch a marketing campaign. This campaign will include the distribution of local and global dividend tokens to the content creator's community. For example, in the case of Bankless, citizens will have the right to claim tokens if they perform certain actions. The exact campaign details will be determined together with the partner.\n\n# Milestone V - Expansion of Content Creator Partnerships\n\nOnce the first partnership proves successful, we will expand our network by forming partnerships with additional crypto-native content creators. This will diversify our audience and enhance our market presence.  \n**Objectives:**\n- Secure 5-10 additional content creator partnerships.\n- Launch unique funds with each new content creator.\n- Track and analyze the performance and engagement metrics of each partnership.", "hidden": false, "question": "What are the Project Milestones and how do you plan to reach these? Be specific and highlight critical deliverables of the project", "questionId": 7}, {"type": "paragraph", "answer": "Development will be handled by [Asynchronous Developers](https://asyncdevs.io), who have extensive experience building dApps since 2019. Notably, they have delivered an asset management protocol on EOS with financial support from the EOS Network Foundation. The protocol is currently running in production but unfortunately the growth of the EOS network has stagnated (low liquidity / low number of investable tokens). On the other hand Uniswap on Arbitrum has both, the needed liquidity and variety of tokens, hence it is an excellent network where to continue our development.\n\nMarketing efforts will be led by ColdHub Marketing Agency, they have a proven track record of achieving strategic partnerships for their clients ([LinkedIn](https://www.linkedin.com/company/coldhub)).", "hidden": false, "question": "What are the roles and experience of project team members?", "questionId": 8}, {"type": "short-answer", "answer": "Project was funded by the EOS Network Foundation in 2023 to build the asset management protocol on EOS.", "hidden": false, "question": "Is this project already funded by other grant programs? If funded by any Uniswap or Arbitrum-related programs, please specify.", "questionId": 9}, {"type": "short-answer", "answer": "Plan is to undergo the security audit once the protocol is completed in Solidity.\u2028", "hidden": false, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 10}, {"type": "short-answer", "answer": "Protocol on EOS is open source (https://github.com/n0umen0n/cetfphase2). Basic demo version built in Solidity for Base\u2019s Buildathon is also open-source (https://github.com/n0umen0n/basecryptofund).", "hidden": false, "question": "Is this project open-source? If yes, share the repository link.", "questionId": 11}, {"type": "short-answer", "answer": "Very basic demo version of the solution, note that we built this in a week for the Base's Buildathon.  (https://www.youtube.com/watch?v=PQ0G1_96xnY)", "hidden": false, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "checkbox", "answer": ["I confirm"], "hidden": false, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 13}, {"type": "checkbox", "answer": ["I understand"], "hidden": false, "question": "I understand that I will be required to provide KYC/KYB information by the UAGP team in case my application is accepted.", "questionId": 14}, {"type": "dropdown", "answer": "Other", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 15}], "project": {"id": "0x13bd2591b3fd1d63ea69ed1b377aee4ad52ff430f4876c78bdd1b5f310ba6943", "title": "Crypto Fund", "logoImg": "bafkreibjtf6f47zq2vnjgtdbrruobq4cqpjcekmilokuqminvmtg3esvpq", "metaPtr": {"pointer": "bafkreicbqor4bv6at65txjxlb6gbhxkelgirxwuyz26d4prabofqvf76r4", "protocol": "undefined"}, "website": "https://cryptofund.global", "bannerImg": "bafkreibj4awdkjrcvmhcl7hhicwbvzibuhzhl33sy2lferedmf26avl6tm", "createdAt": 1721817183127, "userGithub": "n0umen0n", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..IgNNruJFln82eHnyb56F9TiSNHSES6w1cbnhsoFEwcoWh7lbnCJl04DxlYthLIH_UM8WEqyWkByRCTbOG0jDBw", "type": "Ed25519Signature2018", "created": "2024-07-16T12:03:25.712Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-07-16T12:03:25.712Z", "expirationDate": "2024-10-14T12:03:25.712Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x5bE2D0CcfA64CA4062882a6b89cB444999abf135", "hash": "v0.0.0:9QKCzGExFFeGnsMum/EdfVxwqTKoiW/hpv3a9i/3FBQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#CETF13"}}}, "description": "Crypto Fund is an asset management protocol for creating and managing investment funds. It's fully on-chain, and open source.\n\nThe aim is to simplify the investment experience so that hundreds of millions of individuals can access the returns that crypto has to offer. Thanks to the decentralized nature of the protocol investors maintain the custody of their investment.\n\nOur protocol will interact with Uniswap for the provision and utilization of liquidity.\n", "lastUpdated": 0, "projectTwitter": "CETF13"}, "recipient": "0x5bE2D0CcfA64CA4062882a6b89cB444999abf135"}}