{"signature": "0xab5df262200f131ad990ccda3832cb6ccde1054dead44dd5e0fc9cefef1fecb109a35dba0923d3ccfad357c00dc84ccb0c8a434e82b962686c63461399163b0a1c", "application": {"round": "0xd755dc81c6874e4977685eeade82833d241fa51a", "answers": [{"type": "email", "answer": "athena@0xlabs.tech", "hidden": true, "question": "Email Address", "questionId": 0}, {"type": "short-answer", "answer": "@Cox_xyz", "hidden": true, "question": "Telegram Handle", "questionId": 1}, {"type": "link", "answer": "https://t.me/Athenainsoff", "hidden": false, "question": "What is your project's public community chat link?", "questionId": 2}, {"type": "paragraph", "answer": "Athena has been entirely bootstrapped so far, with no external funding or revenue to support the team for over a year. Despite this, the project has grown to a 9-person team, built a strong community (13.8k Twitter followers, 4,700 beta sign-ups), and developed a nearly 95% complete protocol. ", "hidden": true, "question": "What funding sources have you secured to date?", "questionId": 3}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Confirm that you have read and agree to comply with the ethical standards and Gitcoin's Quid Pro Quo Policy (https://support.gitcoin.co/gitcoin-knowledge-base/gitcoin-grants/general-questions/what-is-our-quid-pro-quo-policy)", "questionId": 4}, {"type": "paragraph", "answer": "Athena primarily addresses the DeFi Insurance sector by providing on-chain coverage solutions for smart contract failures, hacks, and vulnerabilities. It also significantly impacts the Liquidity & Capital Efficiency category by optimizing liquidity utilization through defragmentation and offering higher returns for liquidity providers. Additionally, Athena supports Risk Management within DeFi, enhancing security and trust in the ecosystem by making affordable and scalable insurance solutions accessible to more users.", "hidden": true, "question": "Which of the listed DeFi focus areas does your project primarily address?", "questionId": 5}, {"type": "paragraph", "answer": "Athena brings affordable, scalable, and capital-efficient on-chain insurance to the Avalanche DeFi ecosystem, addressing key challenges like high coverage costs, limited capacity, and low capital efficiency. By leveraging liquidity defragmentation and a dynamic pricing model, Athena optimizes liquidity utilization, providing higher returns for liquidity providers and lower premiums for policyholders. This creates a sustainable and scalable insurance market, reducing financial risks for Avalanche users and protocols.\n\nAvalanche, known for its low fees, high transaction speed, and growing DeFi adoption, benefits from Athena’s model as it encourages institutional and retail participation by enhancing security and trust. By protecting users from hacks, exploits, and protocol failures, Athena strengthens Avalanche’s reputation as a safe and reliable DeFi ecosystem, driving greater adoption and TVL growth.", "hidden": true, "question": "How does your project create unique value for the Avalanche DeFi ecosystem?", "questionId": 6}, {"type": "paragraph", "answer": "Athena is 95% complete, with the on-chain rollout scheduled for this month. The core protocol, smart contracts, and liquidity mechanisms are developed, and the Beta version has already attracted 4,700 sign-ups. The platform has undergone two registration phases (Nov 2021 & Dec 2023) and has built a strong community of 13.8k Twitter followers and 1,400 Telegram members.\n\nThe next steps include:\n\t•\tFinalizing the Strategy Manager & Front-end redesign\n\t•\tIntegrating LP tokens as collateral\n\t•\tConducting a full security audit ($155K required)\n\t•\tLaunching on-chain and acquiring the first 1,000 coverage buyers & $10M TVL\n\t•\tExpanding marketing efforts & strategic partnerships\n\nAthena is also actively seeking additional smart contract and full-stack developers to accelerate the final implementation. 🚀", "hidden": true, "question": "What is your current development status?", "questionId": 7}, {"type": "paragraph", "answer": "Athena will drive adoption on Avalanche through strategic partnerships, targeted marketing, and incentives for users and liquidity providers.\n\n🔹 User Adoption (Coverage Buyers)\n\t•\tB2B: Partner with Avalanche DeFi protocols, DEXs, and lending platforms for embedded insurance.\n\t•\tB2C: Leverage crypto influencers, airdrops, and referral programs to onboard users.\n\t•\tEducation & UX: Simplify onboarding with a user-friendly interface and transparent claims process.\n\n🔹 Liquidity Growth (TVL & Insurers)\n\t•\tLiquidity Mining & Yield Boosting to attract LPs.\n\t•\tDefragmented Liquidity Pools for higher returns & efficient capital use.\n\t•\tPartnerships with Avalanche DeFi protocols to onboard liquidity.\n\n🎯 Milestones: 1,000 users & $10M TVL (6 months) → $40M TVL & 4,000+ users (12 months).\n🚀 By leveraging Avalanche’s speed & low fees, Athena enhances DeFi security, trust, and adoption.", "hidden": true, "question": "What is your plan for growing user adoption and liquidity on Avalanche?", "questionId": 8}], "project": {"id": "0xcd195e4ba1e9ed3bd31b217128928ab46de8c617ec3b88f783c0fa63ac79fc2c", "title": "Athena", "metaPtr": {"pointer": "bafkreihywzuatf4kbd5pwjcgrbvcoh4h5l5etihcfy35qsbpjywmh7kjtm", "protocol": "undefined"}, "website": "https://www.athenains.io/", "createdAt": 1739977967303, "userGithub": "Athena-ins", "credentials": {}, "description": "Athena is a DeFi insurance protocol that optimizes liquidity and pricing to make on-chain coverage more affordable, accessible, and efficient. By using liquidity defragmentation and a dynamic pricing model, Athena increases capital utilization for liquidity providers while reducing costs for policyholders. Unlike competitors like Nexus Mutual, Athena offers higher returns for liquidity providers, fewer access restrictions, and greater coverage capacity. With a strong team, a growing community (13.8k Twitter followers, 4,700 beta sign-ups), and a nearly complete protocol launching this month, Athena aims to secure 1,000 buyers and $10M in TVL, scaling to $40M TVL through partnerships and marketing. By enhancing security and trust in DeFi, Athena is set to become a key player in decentralized risk management. 🚀", "lastUpdated": 0, "projectGithub": "Athena-ins", "projectTwitter": "Athenains_off"}, "recipient": "0xD08DaEA28dA3Ff073f596CBd6c75891964BebFdE"}}