{"signature": "0xaa18d83e762cf7eaad3064bba205da38897f9978ccc541c028e99bafb4f6a23a769694a6659c5f01ad1495eacc114179c284b8dcb7d8b0fc4c4bcabf30a04c101c", "application": {"round": "0x8300bff613a1192e3d7fa0bab63acd46c7796204", "answers": [{"type": "short-answer", "answer": "EncryptedSilo", "hidden": true, "question": "Telegram Handle", "questionId": 0}, {"type": "short-answer", "hidden": true, "question": "Link to your Public Group Chat (e.g., Discord or Telegram)", "questionId": 1}, {"type": "link", "answer": "https://gap.karmahq.xyz/project/equo", "hidden": true, "question": "Please link your Karma GAP profile, which will be used for milestone tracking and progress updates", "questionId": 2}, {"type": "checkbox", "answer": ["Educational Content and Documentation", "GitHub Contributions and Developer Tools", "Smart Contract Development and Interoperability", "Community and Support Resources"], "hidden": true, "question": "Which of the Sei ecosystem themes does your project focus on? Please select all that apply:", "questionId": 3}, {"type": "paragraph", "answer": "Project create open source framework for teams and users to create their own LSTs and improve market dynamics of LSTs on Sei.\n\nI am also creating developer related content from my learnings of this framework which will be very useful for other developers coming into the Sei ecosystem. I have tried to add more details about value proposition in the description of the project.", "hidden": true, "question": "How does your project create value for the Sei developer ecosystem? Please provide specific examples.", "questionId": 4}, {"type": "paragraph", "answer": "Documenting the whole process of building this framework on social media channels is the way I am thinking of marketing it.\n\nI have done written and visual content (YT videos) so that is the way I will be documenting all this process. This will bring more developer who are curious about Sei ecosystem.\n\nWith AMA with community on the progress of the project and cross posting on platform is a way I want to spread word on this project.", "hidden": true, "question": "Describe your project's approach to community engagement and self-marketing. How do you plan to participate in community events, create educational content, and engage with the Sei community?", "questionId": 5}, {"type": "paragraph", "answer": "I have been a developer and technical writer for few years so my expertise in forming the narrative around thing I am building is a skill I have been honing. This skill will be very important to get this project going and get more developers interested in process and storyline of this project.\n\nThis important to get users to use framework but also for developers from other ecosystem try out Sei ecosystem.", "hidden": true, "question": "How does your team's expertise contribute to the successful execution of the project? Please provide relevant background information.", "questionId": 6}, {"type": "paragraph", "answer": "As I mentioned previously, I have been working with Sei team to get few features added to staking precompile. I have also contributed to Sei docs to improve documentation of precompiles.\n\nI have also contributed to sei-chain repo to fix solidity interfaces of few precompiles.", "hidden": true, "question": "Is this a new project or an ongoing initiative? If ongoing, please provide details of your project's contributions to the Sei ecosystem.", "questionId": 7}, {"type": "paragraph", "answer": "This project relies on staking precompile which falls under VM interoperability.\n\nAlso, I have previously worked with Sei team to get features like querying delegation added to staking precompile. This is something I want to continue to make sure as I develop the project, the precompile on which this projects depends has all the required features.", "hidden": true, "question": "How does your project align with Sei's core features and vision, such as Parallel Execution, Twin Turbo Consensus, SeiDB, or VM Interoperability?", "questionId": 8}, {"type": "short-answer", "answer": "No one but Cordtus has been a great help through past few months of developing this so I want to put this name here. Cordtus (discord username) is from Sei Foundation developer relations team.", "hidden": true, "question": "If you were referred to this program, please provide the referrer's information (optional).", "questionId": 9}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm that you have read and agree to comply with the ethical standards outlined in the eligibility criteria, including 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": 10}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "If selected, will you commit to providing regular updates via Karma GAP on project progress and milestone achievements and participating in Sei community events to present your progress and outcomes?", "questionId": 11}, {"type": "paragraph", "answer": "Please do check my previous work here: https://linktr.ee/nikbhintade\n\nOne of the projects, I have worked on previously is running a Celestia node to test network in test phase of the network.\n\nOther is series, I recently started on Account Abstraction which is focused on giving developers hands on training of account abstraction.", "hidden": true, "question": "Is there anything else you'd like to share about your project, previous work, or other affiliations? Is there anything else you'd like to add that may help determine project eligibility?", "questionId": 12}], "project": {"id": "0xceea5d6ccb2123d7060e8a66ffb91627093f266c59c90153877087a6a13090a4", "title": "Equo: Create LSTs on Sei EVM with Ease", "logoImg": "bafkreifes7vi4qbbvemvy2difjidb6vfxyfsive4u4peaamstgrgbcsi6q", "metaPtr": {"pointer": "bafkreifhg6hmownz2aktynzv3vdvfhajxtovpq4qno5g7nfdhutufyzx3e", "protocol": "undefined"}, "website": "https://github.com/equo-finance", "bannerImg": "bafkreieri5cdmfzpp4sbni5fal3nelx3htr4t7jyjdxpineqwxfvrsaqsu", "createdAt": 1727718017880, "userGithub": "equo-finance", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..8NJEOvc-BPMWAatY_6M-G3NpG_RM1ZbLwaQA0zGnG2N2XAQjrHip8Of2vHzqCMVIUTJamVfOii8W5VMhonvsDA", "type": "Ed25519Signature2018", "created": "2024-09-30T17:40:02.746Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-09-30T17:40:02.746Z", "expirationDate": "2024-12-29T17:40:02.746Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x177115F23b047308F0fc68F42edcFf195FEc93e4", "hash": "v0.0.0:JT0RBecSZ6FuE5PYNHaAjobusxfEG78IfrfTqbEScxk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#equo-finance#29760727"}}}, "description": "## Want to create your own liquid staked tokens?\n\nOn Sei, there is only one liquid staking protocol, Silo Staking. According to DeFi Llama, there are 4, but Silo is the top, with 99% of the market captured.\n\n> Please go through the whole description to understand what I want to achieve with this project. This involves creating framework plus developer related content from things I have learn while creating this framework.\n\n## Why do you think that is the case?\n\nOn other chains like Solana, that is not the case. Why is that? Because there is a framework for protocols and users to create their own LST called stakepools.\n\n## What is Equo?\n\nEquo Finance is the project I have been working on for the last few months. The aim with Equo Finance is to provide a framework to teams building on Sei and users of Sei for creating their own LST.\n\nWith this framework, any one with very limited knowledge of smart contracts can deploy their own LST. With Equo, creating your own LST will be as easy as creating a liquidity pool on AMMs like Uniswap or Sushiswap. You won’t need to understand details of the complexity of contracts to have your own LST, but you can focus on creating marketing and management of the LST (don’t worry, there will be a bot with full documentation that you can self-host and that bot will manage your LST).\n\n## Improving DeFi Ecosystem in Sei\n\nStaking locks up your tokens; instead, you can put those in liquid staking protocol and earn more. Silo is a great liquid staking protocol, but what if you want to liquid stake with someone else? There isn’t a viable option; Equo will provide a simple way to create those viable alternatives, which will lead to more liquidity in the DeFi protocols on Sei.\n\nFurthermore, there is a limit to how many protocols can bring users, but if anyone can create LSTs, then VCs can create their own LSTs to support their portfolio projects, or someone with big reach and whom users trust can create their own LST, which offers better incentives than other alternatives.\n\nDo you know you can earn from creating your LSTs? This will be the management fee for the LST, which users will pay to you. More on that as the framework evolves, but there needs to be an incentive for LST creators too, right?\n\n## Why Apply for the Creator Fund Round?\n\nI have been working on this as a part-time project, but with the Creator Fund, I could work on this full-time. I hope my idea has been convincing enough that you will vote with your tokens.\n\n## What do I want to deliver?\n\nMy plan is to deliver the following things:\nA well-tested liquid staking contract that anyone can deploy with a single command.\nCreate a bot that manages the LST based on the given strategy.\nDocumentation that explains each and every aspect of this project for anyone who is using this project. Documentation will be for both contracts and bots.\n\nAdditionally, I also want to create a tutorial series that has multiple parts that walk through all the steps involved in creating this framework. I don’t know how big this series will be, but I promise you that this will be something interesting for all developers.\n\nWhy this series is important? Because this series will highlight interoperability features of Sei like staking precompile (there is something interesting, if you keep reading) and involve showing them how to set a local Sei node to test framework on their local machine.\n\nDo you know the Sei team has added features that I have requested in staking precompile? As I said previously, I have been working on this for a while, and in that period, I tried to get some of the features, like querying delegation amount, etc. added the staking precompile. Those features are deployed on the network. These changes were required for any liquid staking protocol to be built on Sei EVM. I am not saying this to win you over (to be honest, I am), but I just wanted to show you that I have been trying to get this off the ground for a few months, but with your help, I can get this off the ground.\n\n## Who am I?\n\nMy name is Nikhil. I have been a developer and technical writer in crypto industry for few years now. I worked as a product manager for crypto products, but that aside, I mostly worked on the tech side of crypto.\n\nAnd if you want to contact me, please email me at: equo-finance@proton.me \n", "lastUpdated": 0, "projectGithub": "equo-finance"}, "recipient": "0x177115F23b047308F0fc68F42edcFf195FEc93e4"}}