{"signature": "0x3b8f006c0661953e403270c2ed68d53f67fcd0dc27e4e4e6588d4e17754c3f26373d119b4771a3ff5db9d72a16e592402811f44ef5a6fc1023a65d8962c44a3d1c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ds1T2uQsNEucY+aLTaUO3m3/da3jUcRDeNfW2BHpVhrP7CLXKL12GMVzZsJE9uj0", "encryptedSymmetricKey": "245df0828da05251fad8e64975317179c5c3ca54236e7c03473908171aed21e5f1e6f6fb6c9e8886e21690b838c4ab0c26da9aade4896e15688df9ef997244005f3e58f7368f66d5fb10236c9fa862cba501ab9372cac07db680adeb1cdb2b8fca9c84ca4b12467f1e32582c54aa4dc582b88587af8e9c033afaab99cc5a349b0000000000000020a5631084cb1218fe1fdce70796aa9c0bf893f66bbc21402152ea035a8c610434dc2985bd10f50e9b4be3fc560d765f94"}}, {"type": "paragraph", "answer": "Phirotto helps projects distribute funds back to the community. The primary goal is to help winding down projects to distribute existing treasury funds, but given the nature of project it can easily be also used for airdrops distributed on Arbitrum in general, with funds deposited through native bridge on Ethereum or by any other gateways we might develop later on. The entire desctiption can be found on project's page\n\nWe are already finalizing the first deposit of funds of project which we were previously involved with - GTON, which has around 800k of assets on-chain (at least 650k on ETH: 0x953555e0Af401Bd031a5a53c72EFa81fae464276) which would benefit Arbitrum and Uniswap straight away, increasing TVL and trade volumes. \n\nIn general we want to find more stale projects and work with their investors to influence the teams behind the projects to return the money back to investors. Distribution on Arbitrum is the logical way to go to allow smaller investors to also get their funds which would be impossible on more expensive chain. The Uniswap integration is necessary to decrease complexity in distributions since all the funds should be paid out in one token, so all the bridged assets needs to be traded on Uniswap first", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "60000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Developers' wages + audit expenses", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "2 full-time developers's wages to finish the prototype and implement better claims amount management tool. Some part of the funds is reserved for contracts audit contest", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Uniswap on Arbitrum Ecosystem tools or products", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "The project utilizes Uniswap to trade volatile tokens for stablecoins. Farming module can provide liquidity to Uniswap pools if the community decides to do so and earn fees on the idly sitting funds", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Increase trade volumes - any funds deposited to Phirotto protocol on Ethereum and elsewhere - would be bridged to Arbitrum and swapped", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "No, we simplify the contracts as much as possible and intend on holding a security audit contest on Sherlock", "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, githib organization: https://github.com/Phirotto", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "Agile development, we've already have a working prototype developed at ETHGlobal hackathon which we intend on finishing and intergating with Arbitrum and Uniswap", "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": "The demo presented at the hackathon: https://ethglobal.com/showcase/phirotto-512r3", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Wide audience of failed ICOs and their investors that would like to get the funds back. We've worked with one such project - GTON and currently finilazing the re-distribution of around 1.2 million USD in assets held in the project's multi-sigs on different chains and off-chain", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Alexander Telegin - https://www.linkedin.com/in/teleginalex/\nSerafim Gerasimov - https://resume.io/r/baxZLRSN9", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "Alexander Telegin - ex CTO of GTON - the first funds supplier to Phirotto protocol. Besides Phirotto - building Scalind - L2 as a Service and dApp Store. At Phirotto mainly work on contracts.\nSerafim Gerasimov - Web 3 developer, also works on dApps and infrastructure at Scalind. At phirotto - mainly web app development", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "The majority of the app is finished besides the integrated UI for all the components of the Protocol\n15 March - reworked Phirotto gateway integrated with Arbitrum testnet, updated Safe app to work with Arbitrum vaults\n30 March - updated vaults to be integrated with Uniswap on Arbitrum\n15th of April - Updated Phirotto UI to help create vaults and populate the merkle trees semi-automatically\n30th of April - launch of auditing contest to secure the contracts\n1st of June - mainnet release. Prior to this date we'd also work on marketing and trying to secure funds deposits from several winding down protocols, including GTON and others", "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 are dedicating our Scalind team to work on Phirotto launch, might also hire some additional devs to help with parts of frontend development", "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": "Boards", "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": "42161:0x73ab205af1476dc22104a6b8b3d4c273b58c6e27:505", "title": "Phirotto", "logoImg": "bafkreibyecjotdiqeno5b5vjgrul474lctiuyfxdtp735bs2y7mrtjkdua", "metaPtr": {"pointer": "bafkreigjskjkj3s2fmgn3quhpxvxtcz26wei76thvalcga3jgvdpj4azwa", "protocol": "undefined"}, "website": "https://phirotto.com", "createdAt": 1707983183298, "userGithub": "drinkius", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..Y9vhPKF2ZhKrMgR7C1cY4jbZRAlmJeUmrsnft3ayfHoO6qU7TdSxWMIKJPizcZObR_e3Zg9PowMU2WyLsBg2AA", "type": "Ed25519Signature2018", "created": "2024-02-15T07:44:48.563Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-02-15T07:44:48.563Z", "expirationDate": "2024-05-15T07:44:48.563Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x3eb6Bf5B7AC2B683c787f7aac59683A8d05d885d", "hash": "v0.0.0:wrhloG41QlHxSGeBHetoSIUDT21mIrKTy89EM/Ouf9o=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Phirotto#1757619"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..aWFPrvnG8dxPWJSR4QruHUM2S6JB5EMZ71KR2gEvJ-FWOLVEaTuETJOlr28KTVW_0ZFvTMPSYQHUG-SYrfQzAw", "type": "Ed25519Signature2018", "created": "2024-02-15T07:44:02.892Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-02-15T07:44:02.892Z", "expirationDate": "2024-05-15T07:44:02.892Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x3eb6Bf5B7AC2B683c787f7aac59683A8d05d885d", "hash": "v0.0.0:n4Q+9jtTfci7J26PJE8LgxHQc/+cAAt0rY+zIMcMMU8=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#phirotto"}}}, "description": "Phirotto is a protocol for \"reverse airdrop\" of treasury funds back to investors. We help stalled projects to wind down operations and effortlessly distribute the remainding funds among token holders or any other groups of eligible parties on a rollup, where the funds are bridged through a native bridge without risks to loose the money\n\nOn Arbitrum the funds can be swapped to one of the selected stablecoins using Uniswap integration so that the distributions are easily computed and there are no risks of loosing the monetary value while holding volatile assets. Besides, since the funds can be sitting idle for a while while the community is making the claims - they can be used in farming projects and any accrued rewards can be later distributed to the same group of eligible claimers\n\nPhirotto aims at simplifying the process of funds distribution, we offer a convenient interface for managing claim amounts where the data can be extracted as a list of current holders of a particular ERC-20 token on any EVM chain, NFT holders or any other potentially useful source of address/claim amount information. After the initial population of data - it can be also adjusted to account for external factors, prior to finalizing the merkle tree used for claims in the vault on Arbitrum. We also provide a convenient Gnosis Safe app for easier deposits of funds to a vault created on an L2\n\nIn future the Phirotto protocol might help tokenholders to influence a potentially fraudulent project to persuade them to return the funds that might be held against investrs\u2019 will through public disclosure and legal means if necessary. We foresee Phirotto to be the #1 protocol to help bring more justice to the investors of failed projects on Ethereum and elsewhere", "lastUpdated": 0, "projectGithub": "Phirotto", "projectTwitter": "phirotto"}, "recipient": "0xD3968BA9b44eC7A57316F6B43185bF18956DC675"}}