{"signature": "0x3287565660d66caa3f192401fdc7367c4fe5c55a397ee8bc067c9df46bdb57216be08de35f56e228d75bb98c48118e754c630a2ed34de630d24a080cf45e554d1b", "application": {"round": "0xa58818eaa39b77ac2b69950551d4f9335c63329f", "answers": [{"type": "short-answer", "answer": "spit24", "hidden": true, "question": "Telegram Handle for Contact", "questionId": 0}, {"type": "short-answer", "answer": "https://t.me/pit_finance", "hidden": false, "question": "Public group chat link", "questionId": 1}, {"type": "paragraph", "answer": "Since launch, Pit Finance has seen consistent growth in user activity, with increasing Daily Active Users (DAU), Weekly Active Users (WAU), and Monthly Active Users (MAU).\n\nCurrently, there is a total of 87,080 users who have deposited into our vaults across all vaults. A total of 324,835 transactions have been made across all vaults.", "hidden": true, "question": "What have your project's key user metrics been since launch (DAU, WAU, MAU)? Please provide verifiable data showing growth trends.", "questionId": 2}, {"type": "paragraph", "answer": "Total number of transactions: 324,835\nTotal number of wallets with a current deposit in any vault: 87,080\nPeak TVL: 28M SEI, $21M USD", "hidden": true, "question": "Share your project's total transaction volume and unique wallet interactions since the launch of Sei V2.", "questionId": 3}, {"type": "paragraph", "answer": "Pit Finance has onboarded more than 150,000 new wallets to the Sei Network through our yield optimization vaults.\n\nUser Acquisition Methods:\n\nSei-native campaigns (e.g. OKX Cryptopedia) to introduce new users. https://www.okx.com/web3/cryptopedia/event/sei\n\nPartnerships & co-marketing with Sei ecosystem projects (Yei Finance).\n\nIncentivized vaults to encourage active engagement.\n\nData on wallet registrations and first-time deposits into Pit vaults serve as verifiable metrics of new users entering the Sei ecosystem.", "hidden": true, "question": "How many new users have your project brought to the Sei ecosystem? Describe your user acquisition methods and provide metrics.", "questionId": 4}, {"type": "paragraph", "answer": "Pit Finance has partnered with Yei Finance, Sei Network’s leading lending and borrowing protocol, to enhance DeFi strategies.\n\nImpact: Users can leverage Yei's lending pools within Pit Vaults to generate higher yield.\nMeasurable Data: 28M SEI in TVL routed through Yei Finance pools via Pit strategies.\nWe continue integrating with more Sei-native protocols to optimize yield strategies and drive liquidity across the ecosystem.\n\nWe also run Sei-native campaign via OKX Cryptopedia to introduce new users to Sei ecosystem as a whole.", "hidden": true, "question": "Detail any integrations or partnerships with other Sei ecosystem projects and their measurable impact.", "questionId": 5}, {"type": "paragraph", "answer": "Pit Finance is the first yield optimizer on Sei Network, introducing a DeFi primitive that automates yield generation.\n\nKey Differentiators:\n- Sei-native yield aggregation with optimized compounding strategies.\n- Non-custodial, permissionless, and fully decentralized vault structure.\n- Instant deposits & withdrawals, ensuring users maintain full control of their assets.\n- pTOKEN system allowing users to retain and trade their vault positions seamlessly.\n\nPit Finance simplifies DeFi yield farming while maximizing efficiency, making it accessible to both new and experienced users.", "hidden": true, "question": "What differentiates your project from similar solutions in the ecosystem? How does it enhance the user experience on Sei?", "questionId": 6}, {"type": "paragraph", "answer": "1. First Yield Optimizer on Sei\nPit Finance established a critical DeFi primitive, enabling passive yield generation on Sei.\nImpact: Over $20M (at peak) TVL deposited, optimizing returns for Sei users.\n\n2. Partnership with Yei Finance\nSei-native integration between lending (Yei) and yield aggregation (Pit).\nImpact: Over $20M (at peak) routed through Yei pools via Pit strategies, increasing liquidity and utility.\n\n3. Community Growth & Incentives\nActive participation in Sei’s Cryptopedia campaign, driving onboarding & education.\nImpact: Over 150,000 new wallets onboarded to Sei Network via Pit Finance.\n\nOur goal is to expand Sei’s DeFi capabilities by building core primitives that improve capital efficiency and yield accessibility across the ecosystem.", "hidden": true, "question": "Highlight 1-3 key initiatives your team believes have had the most significant impact on the Sei ecosystem and that you’d like voters to consider. Include relevant metrics, links, or supporting data to provide an informed view of how your efforts have contributed to the ecosystem’s growth. ", "questionId": 7}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Please confirm that you have read and agree to comply with the ethical standards outlined in the eligibility criteria.", "questionId": 8}, {"type": "paragraph", "hidden": true, "question": "Is there anything else you'd like to share about your project that may help determine eligibility?", "questionId": 9}], "project": {"id": "0xb2dc495667ff1a89b74758a6c99b633e9e82a8db1fa0304a83cde21d6e1da698", "title": "Pit Finance", "logoImg": "bafkreicoyitrco7altczckemp4eizvy5brwpq2ybqf2gkohhjsyd4mmpmi", "metaPtr": {"pointer": "bafkreie3e3q57wx6rgulqumsbkw5as476gn32dekeq77a2a3xknkfxivvq", "protocol": "undefined"}, "website": "https://pit.finance", "bannerImg": "bafkreid7y6qkcyc2bvskzdqnav2lzcmhomer342xuhdvdy7k6dkjxjmwhy", "createdAt": 1739814782059, "userGithub": "pitfidev", "credentials": {}, "description": "Pit Finance is a decentralized yield optimizer built exclusively for the Sei Network, designed to maximize the potential of crypto assets. Leveraging advanced strategies and technology, Pit Finance enables users and protocols to deposit digital assets and earn optimized yields while prioritizing security and efficiency within the Sei ecosystem.\n\nOur platform utilizes a diverse set of sophisticated investment strategies, automated and secured by smart contracts, to dynamically enhance user rewards from various DeFi opportunities, including Liquid Staking, Lending/Borrowing, and yield farming. With a focus on early-stage opportunities in these high-growth areas, Pit Finance is committed to providing users with first-mover advantages.\n\nAt the core of Pit Finance are our Vaults—automated tools that compound rewards from decentralized exchanges and other DeFi platforms back into the user's initially deposited assets. Importantly, your funds are never locked in any contract on Pit Finance, allowing you to withdraw at any time.\n\nPit Finance operates on principles of decentralization, permissionless access, and trustlessness, allowing anyone with a supported Sei Network wallet to interact with our platform without intermediaries. While your assets are staked in a Vault, you retain full control, ensuring both flexibility and security throughout your DeFi journey.", "lastUpdated": 0, "projectTwitter": "pit_finance"}, "recipient": "0x86d9c9cfaaa6a0c61bf8632c8bd6783ee0f2d9ce"}}