{"signature": "0xb73a0401c9704382c4f30bfa23c601b05e3884479cd6d145674b97a92b3ab5607188f578fb7c88e31249d297739d86d0d319d56034feeeaba960fb108e65af5d1b", "application": {"round": "0xb91b59c91b09d127d269e53019f2420e8c2c7ce7", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "og1uXipPvUYDf8RjwOyXcTwP64lMnqk9l3+8IQ0k8BjWuo8Oi9L59EcrdQkt7aaC", "encryptedSymmetricKey": "f5889d19f5e5c9c7aacb92ef97976dd4b6484044357cafbdee7511f9ac7cee592d1ad15cf420222b9403af9eee61210d1e742e876e05918deebc68f44387fe13da034ead1a32a010a02cdb7e41a3f39b6eb7f29034143527b82cabbd211508b315c42f030daf8b076a6fc60fad87cad2bd70625fa76862e99aef5758751ce999000000000000002004a3f1899a2414ee17dd710b91c5cb2c74748264297aa3c6144e07e89dbee9306b95d3308fa8ee1ad29be7aa27d7508e"}}, {"type": "short-answer", "answer": "refimed", "hidden": true, "question": "Telegram Handle", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/ReFiMedellin/Lending-protocol", "hidden": true, "question": "Project GitHub Repo", "questionId": 2}, {"type": "short-answer", "answer": "https://t.me/reficolombia/211", "hidden": true, "question": "Link to your Public Group Chat", "questionId": 3}, {"type": "short-answer", "answer": "https://builder.gitcoin.co/#/chains/42161/registry/0x/projects/0x5b8cdeb0c391a5c9d3dd2574edbb90a00b14693c869df755f1ea04990b43650a", "hidden": true, "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": "ReFi Medellín’s lending platform is designed to model and expand a community-based, open-source financial inclusion framework that other organizations can adopt and adapt for their local contexts. Our platform’s transparent codebase, built on Celo, Optimism, Polygon, and Arbitrum, integrates low-interest, collateral-free microloans in GloDollar (USDGLO), filling a significant gap in traditional finance where underserved communities are often excluded from fair credit.\n\nSpecific contributions to the OSS ecosystem include:\n\nReputation-Based Lending Protocol: Our reputation-based model allows users to build a verified borrowing history within a decentralized framework. This protocol is accessible for integration into other Web3 projects aiming for equitable lending without collateral.\nOpen Access for Local Adaptation: By making our code available, we encourage developers to customize the platform for distinct regional needs, expanding the possibilities for OSS in underserved areas.\nEducational Materials: Our open-source repository will include developer guides, user documentation, and educational resources to onboard developers and community leaders, which strengthens the broader OSS ecosystem by providing a replicable model for inclusive lending.", "hidden": true, "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": "The ReFi Medellín lending platform is unique in its community-centric lending model that prioritizes trust, transparency, and accessibility. Key differentiating features include:\n\nDecentralized Community-Based Qualification: Borrowers qualify by engaging with community activities and securing three peer endorsements from ReFi Medellín NFT holders. This approach builds social capital within the ecosystem, strengthening accountability and trust.\nInclusive, Low-Cost Microloans: The platform provides loans with a 0.5% interest rate, accessible for critical needs like healthcare, education, and daily expenses, distinguishing it from conventional, high-interest lending options.\nMulti-Chain Accessibility: Operating on Celo, Optimism, Polygon, and Arbitrum, we prioritize cross-chain compatibility to enhance accessibility, allowing users to leverage the platform on their preferred network.\nAddressing Informal Loan Exploitation: Our platform presents a safe alternative to “gota a gota” loans, which are high-interest and often lead to exploitative debt cycles. ReFi Medellín aims to mitigate this through accessible, community-supported lending options.", "hidden": true, "question": "What features or use cases does your dApp/App present? How is it differentiated?", "questionId": 6}, {"type": "paragraph", "answer": "Our roadmap focuses on platform expansion, usability enhancement, and community integration. We aim to:\n\nIncrease Platform Usability: We plan to improve user experience and platform design to ensure that new users, especially those unfamiliar with Web3, can easily navigate and understand the lending process.\nExpand Lending Options: By growing liquidity and incorporating additional stablecoins, we will be able to serve more users, offering greater flexibility and coverage for community loans.\nDevelop Educational Outreach: We will create video tutorials, blog content, and educational events on using decentralized wallets and reputation-based lending. These materials will be open-source, allowing other regions to adopt and adapt them for financial literacy and Web3 education.\nGrant funds will specifically support:\n\nDevelopment and UI/UX improvements: Refining user interfaces, platform navigation, and loan application processes to ensure ease of use for new and existing users.\nLiquidity Expansion: Increasing loan availability and onboarding more community members to meet the growing demand for microloans.\nEducational Resource Creation: Producing open-source guides, tutorials, and interactive content to build user confidence and promote OSS principles within the Web3 ecosystem.\nReFi Medellín’s lending platform leverages OSS to build a sustainable, regenerative financial model for underserved communities, providing a replicable template for decentralized, inclusive finance across Latin America and beyond.", "hidden": true, "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": "[0x505E65f7D854d4a564b5486d59c91E1DfE627579][42220]\n[0x6045917787ba08a0c5fb2184bce0097316171c2b34db2d142a1971f7d4b1f117][42220]\n\n\n[0x32bb8Fe3DBFe95b5005628f312588eCDc037F75f][9797]\n[0x6045917787ba08a0c5fb2184bce0097316171c2b34db2d142a1971f7d4b1f117][9797]\n\n\n[0x4eD266bD1260544163732f02e4121bAA615A5C55][42161]\n[0xa6f4c0561310b5ffad23df8ff1929340ef123cb151db5d880f536789eb480dea][42161]\n\n\n[0xA527d8478dA1688541E93b87Cbe790539fb4c285][137]\n[0xc28631171366301e8cc9fa92e9776c2583896c9624f54546454f65aef51ac4b2][137]", "hidden": true, "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": "0x53aeac96514e39ef1c25e164eac6333174df636607db20283beb28a3972e14e0", "title": "ReFi Medellin Lending Protocol", "logoImg": "bafkreiaiebaz2xpxuduenpto33he4oo52tljv6nacjr3masuga3duxdw3a", "metaPtr": {"pointer": "bafkreihjknskbr5jd4igjdxelileamjcxvcat5bpsa4anq5sfogfz4y7vi", "protocol": "undefined"}, "website": "https://refimedellin.org", "bannerImg": "bafkreiegevz46mpfeksdv2ibhwwrii2klmccndjzeqd3lg6auptyyc6ubu", "createdAt": 1730131706777, "userGithub": "adminrefimedellin", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..TtiB2Liu9cOJwpMlKChyEV9GhuH7SdSl4KBwpEa0d14QO7ajtDJPZhUsmHo64mr6NVq0HrhK00J5oX13Dw0QDA", "type": "Ed25519Signature2018", "created": "2024-10-28T16:11:16.064Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-10-28T16:11:16.063Z", "expirationDate": "2025-01-26T16:11:16.063Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x302E2A0D4291ac14Aa1160504cA45A0A1F2E7a5c", "hash": "v0.0.0:9H+Ym5zZdCnd1XMo7a6qNY6PN64n2fpNNnFaoqHRi1U=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#ReFiMedellin#132220829"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..t4yF2BmMu8u3sTRSvdT3z29jYQUPwnYhIhfLj9NKIyR4n4-sKjtv3-fDx6mw5L5ZfKBQZH2W2XKjPtPV-RQaAQ", "type": "Ed25519Signature2018", "created": "2024-10-28T16:08:20.273Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-10-28T16:08:20.273Z", "expirationDate": "2025-01-26T16:08:20.273Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x302E2A0D4291ac14Aa1160504cA45A0A1F2E7a5c", "hash": "v0.0.0:vNpPKSGBIYxCVZn003V/t9Wdoa5Hg5DmQCb/Hu0AsF8=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#ReFiMedellin"}}}, "description": "## Project Overview  \nReFi Medellín’s open-source lending platform, launched in December 2023, offers a transparent, decentralized lending system designed to expand financial inclusion in Medellín. Our platform provides **low-interest, collateral-free loans** to support essential needs like healthcare, education, and daily expenses, strengthening individuals and the community within a **decentralized, community-focused model**. Operating on **Celo, Optimism, Polygon, and Arbitrum networks**, with loans provided in **GloDollar (USDGLO)**, ReFi Medellín is pioneering accessible financial solutions tailored for underserved communities.\n\n## How It Works  \nOur lending platform emphasizes community engagement and decentralized governance. To qualify for a loan, applicants must:\n- Be actively involved in ReFi Medellín,\n- Attend at least three community events, and\n- Have three endorsers from the community who hold a ReFi Medellín NFT.\n\nOnce these requirements are met, applicants submit their wallet and endorser addresses. This decentralized, community-based model fosters trust and accountability, while platform governance remains transparent and member-driven.\n\n## Affordable Interest Rates  \nWith a **0.5% interest rate**, the lending platform provides loans at a significantly reduced cost, promoting financial stability and allowing members to achieve their goals without facing the burden of high-interest debt.\n\n## Combating Predatory Lending  \nIn Colombia and throughout Latin America, informal “gota a gota” loans frequently trap individuals in high-interest debt cycles that lead to exploitation and violence. Our platform offers a secure, low-cost alternative, empowering community members to avoid these predatory practices and build financial resilience.\n\n## Long-Term Impact  \nEach repaid loan strengthens the platform, circulating financial resources within the community to support a sustainable, regenerative ecosystem. This cycle fosters a supportive network, enabling continued access to credit and reinvestment in the community’s social and economic well-being.\n\n## Alignment with GG22 OSS Round Goals\n1. **User-Centric Design**: The platform is designed for accessibility, with simple lending criteria and a low-barrier interface ideal for Web3 newcomers.\n2. **Ecosystem Growth**: By integrating decentralized finance into community activities, ReFi Medellín broadens Web3 access, creating inclusive opportunities in an underserved region.\n3. **Innovative Use Case**: The collateral-free, reputation-based model using GloDollar offers a safe alternative to traditional and informal loans.\n4. **Open Source Commitment**: Fully open-source, ReFi Medellín prioritizes transparency, ethical practices, and adaptability, serving as a model for community-focused financial technology.\n\n## Objective for Funding  \nThis funding will allow us to:\n- **Enhance platform usability** for new users,\n- **Expand liquidity and outreach**, supporting a wider range of community loans,\n- **Scale educational efforts** to equip users with skills to engage in decentralized finance.\n\n## Conclusion  \nReFi Medellín’s lending platform is a transformative tool for community empowerment and financial inclusion. With GG22 OSS support, we can expand this safe, accessible financial alternative, fostering sustainable development in Medellín and establishing a model for regenerative urbanism.\n", "lastUpdated": 0, "projectGithub": "ReFiMedellin", "projectTwitter": "refimedellin"}, "recipient": "0xd4AC6c14B4C96F7e66049210F56cb07468028d4e"}}