{"signature": "0x851d3b55d6e7dc18926e924a5f4f197b20937bb887395caf9a04af429f73396319f33584570637bcd7563ac32a3098d37b9f0c30a6030b84257f4a2433dc91151c", "application": {"round": "0x3E93205B786796Cf7Ea70404E89c7dda3b84D07a", "answers": [{"type": "email", "answer": "me@georgedonnelly.com", "hidden": true, "question": "Email Address", "questionId": 0}, {"type": "short-answer", "answer": "georgedonnelly", "hidden": true, "question": "Telegram Handle We Can Use To Contact You", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/Panmoni/yapbay", "hidden": false, "question": "Project GitHub Repo", "questionId": 2}, {"type": "link", "answer": "https://t.me/Panmoni/288", "hidden": false, "question": "Link to your Public Group Chat", "questionId": 3}, {"type": "paragraph", "answer": "I participated in GG20 with the same project (YapBay): https://builder.gitcoin.co/#/chains/42161/registry/0x/projects/0x5392326450ab92f263ce23af5fe0e136e6f2a04efe80e3b669d10bb3581b9e50", "hidden": false, "question": "Have you participated in a previous Gitcoin Grants Round? If so, please name the rounds or link the builder profile associated with previous rounds.", "questionId": 4}, {"type": "paragraph", "answer": "All YapBay code (contracts, frontend, APIs, pricing server, listener, etc) is released under open-source licenses (MIT), enabling community contributions and transparency.  Builders are free to take YapBay contracts to make clones, build on them, etc.\n\nThe new YapBay Solidity contracts, for example, might be the only freely-available MIT-licensed contracts for P2P escrow/exchange that anyone can grab, learn from, contribute to and even copy to build their own P2P exchange.\n\nhttps://github.com/Panmoni/yapbay-contracts-solidity", "hidden": false, "question": "How does your project contribute to the growth of the OSS ecosystem? Please provide specific examples of how your application enhances or expands the current ecosystem.", "questionId": 5}, {"type": "paragraph", "answer": "YapBay enables people to make fiat-in, fiat-out remittances but without the high fees, paperwork and hassles of TradFi remittances providers such as Western Union.\n\nYapBay's remittances work by chaining together 2 P2P trades, so they are trustless, decentralized and censorship-resistant for all.\n\nThe unique value propositions include: a focus on low remittance fees for sub-$200 transactions to the developing world; a focus on developing world needs, including taking into account mobile world payment methods and devices; no protocol-level KYC/AML; acceptance of users who lack sufficient formal identification and crisis resilience, unlike traditional remittance services.\n\nhttps://yapbay.com/about/\n\nhttps://static.panmoni.com/yb/yapbay-deck.pdf", "hidden": false, "question": "What features or use cases does your dApp/App present? How is it differentiated?", "questionId": 6}, {"type": "paragraph", "answer": "I've rebuilt the contracts from scratch to be more minimal and I have solid progress on the API, pricing server, event listener and frontend.\n\nMy goal is to use these funds to complete an MVP on Celo no later than the end of May, and then to do a marketing and onboarding push to complete 100 remittance transactions.\n\nWith that, I will collect feedback, analyze it and determine my next steps.\n\nI've been doing the field work and developing ideas and code for this since 2018 so I really am burning to get this done by mid 2025.\n\nhttps://yapbay.com/roadmap/\n\nhttps://gap.karmahq.xyz/project/yapbay-p2p-stablecoin-remittances/roadmap", "hidden": false, "question": "What are your plans for further development, and how will the grant funds be used to achieve these goals?", "questionId": 7}, {"type": "paragraph", "answer": "[0x6d2dAaA22a90AC8721D1f9C207D817AB7C490383], [44787] // Celo Alfajores testnet", "hidden": false, "question": "For any project deploying smart contracts on blockchain networks, please list all your deployer addresses and their corresponding blockchain networks. Use this format for each entry: [deployer_address], [chain_id]—for example, 0x123abc..., 42161 (This represents a deployer address on the Arbitrum network). Please include a separate line for each unique deployer address and blockchain combination.", "questionId": 8}], "project": {"id": "0x5392326450ab92f263ce23af5fe0e136e6f2a04efe80e3b669d10bb3581b9e50", "title": "Yap Bay: P2P Stablecoin Remittances for the Global South", "logoImg": "bafkreiehbsrq7dmunwl7kq42llyiodk6ylia4vxuliaekmqkgjnitgo7v4", "metaPtr": {"pointer": "bafkreielhgsfvwcrxfurv4asvb7s3vwnjgkj4lrkykhyyibobmymlcp3yi", "protocol": "undefined"}, "website": "https://yapbay.com", "bannerImg": "bafkreif5feiijwj7gj2ciprmn4uxtvfia6j3quref5ncuwtlvxe577mt6m", "createdAt": 1713286231949, "userGithub": "georgedonnelly", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..rFN_yOFhSLyvvbgAgdmOO2ZoVFR-zPxdZsMdNoDmPJy4yAZw_I1-4DiDqjK3s4a5RpcK1H3jKDc1ofbNppX6BA", "type": "Ed25519Signature2018", "created": "2024-04-16T16:50:19.097Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T16:50:19.097Z", "expirationDate": "2024-07-15T16:50:19.097Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xDD304336Cf878dF7d2647435D5f57C2345B140C1", "hash": "v0.0.0:FFdlAv9Y7rgCg9+N3HfnNX5sG6HtefjaMYgm41wdudk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Panmoni#1970143"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..uG-1cHcfp2oNfF_KA3zcos_-4oKCBsfFzuSxnTflZBqZyrQ4zuqctyhY2cVkzAj8Row_3u8Y_Cc4rt2r-2T5Dw", "type": "Ed25519Signature2018", "created": "2024-04-16T16:50:09.418Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T16:50:09.417Z", "expirationDate": "2024-07-15T16:50:09.417Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xDD304336Cf878dF7d2647435D5f57C2345B140C1", "hash": "v0.0.0:7RigtbTKp6nbTOGzGxpqNaQMGiK4TzxoXfcuHpIxQSQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#YapBay_"}}}, "description": "YapBay is a Web3 P2P remittance dapp that chains together P2P crypto offers over stablecoin rails using an innovative sequential escrow to permit fiat-in fiat-out remittances that are cheaper, faster and more accessible than TradFi options.\n\n\n## Problem\nSub-$200 remittances often face disproportionately high fixed fees, making them costly for many corridors ending in Africa, Southeast Asia and Latin America. Such expenses hinder senders from supporting their families, block participation in the global economy and prevent capital accumulation in these regions. With remittance fees averaging 6.2% in 2023, the globally-identified need to reach the 3% target set for 2030 remains unmet.\n\n## Solution\nYapBay provides a Web3 P2P remittance network that enables seamless fiat-to-fiat transfers via chained crypto trades. By employing a stablecoin transport layer and excluding protocol-level KYC, YapBay offers an accessible, cost-effective and censorship-resistant option for remittance senders. The platform's combo remittance feature will allow users to purchase necessities directly for recipients, all without the requirement for technical knowledge or crypto exposure.\n\n\n## Scenario: Crisis Management During Forced Migration\nDuring a political crisis, SafeHaven, an NGO in Italy, wants to support refugees with financial aid but finds traditional banking routes inefficient or blocked. Using YapBay, they initiate two chained offers: Carlo in Italy receives their fund in Euros and provides SafeHaven with EURC escrow. Mustafa, operational in the crisis region, trades this EURC with a local trader to distribute local currency or goods to those in need. YapBay thus ensures essential funds reach their destination quickly and securely, even when local infrastructures fail.\n\n## Why It Matters\n- 2 billion unbanked/underbanked people need better remittance options\n- Average remittance fees remain high at 6.2% (2023)\nSub-$200 remittances are disproportionately expensive\n- Traditional providers exclude many users due to KYC requirements or lack of formal ID\n\n## Who Am I (George Donnelly)\n- Leadership & Experience: Led $5.5M in crypto initiatives, successfully managing 80+ person teams across Latin America and Africa.\n- Technical Expertise: Full-stack Web3 developer with skills in Solidity, Rust, Next.js, etc.\n- Market Insight: Over a decade in crypto, including running a successful remittance pilot in Latin America.\n- Visionary Approach: Advocate for censorship-resistant, fully-inclusive, KYC-free, Web3 financial systems focused on inclusion and empowerment in the developing world.\n- Strategic Network: Built and am leveraging a strong network of local experts, community and merchants in the developing world.\n\n### Links:\n\n- https://georgedonnelly.com\n- https://www.linkedin.com/in/georgedonnelly\n- https://github.com/georgedonnelly\n\n## Geographical Focus\nInitially targeting high-cost corridors in Latin America and Africa.\n\n## How It Works\n- Users chain together local P2P trades for fiat-in and fiat-out\n- Stablecoins serve as the transport layer\n- Almost no crypto knowledge required for end users\n- \"Combo remittances\" enable direct purchase of necessities for recipients\n\n## When & Progress\n- MVP in development\n- 10,000+ potential users from previous fieldwork\n- Building community in Nigeria and Venezuela\n- Successful pilot between Madrid-Caracas (2019)\n\n\n## Key Differentiators\n- Focus on sub-$200 remittances\n- Unique sequential escrow mechanism\n- Innovative combo remittances feature\n- Extensive local communities\n\nSee the YapBay deck for more information: https://static.panmoni.com/yb/yapbay-deck.pdf\n\nSee the new website at: https://YapBay.com", "lastUpdated": 0, "projectGithub": "Panmoni", "projectTwitter": "YapBay_"}, "recipient": "0x2bc28E8A89461f8ea47Cd1aA452744b71B56d3c0"}}