{"signature": "0xf9e34b635e6591c6b424bdeef077f7ac526b7e0927e1e635f795dd97d8c95ff738e2e939807ce12f3be0bf76fe0997369383f5073b8b9d18c0d5329b1b48afcc1c", "application": {"round": "0xdd906d46876ec8a10e4cf80fb5c4992091e87e46", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "lntWHgWGfIFRy/K8HQTwaGJCgjYVzkofoKF6ZobDAhI=", "encryptedSymmetricKey": "b6958e9774f06f1bd6e93e2e42693c0abf4a1a5d86630927fa2c88216c76c69f1487932affb454f079deffc431fa97188ce243bc8c42ef5b6d201ac1e26bb7e4011fc543afb6010f147f05a0f0768e625942bfd0e750bd89a8525cb00d8bfb92b0ab60362d38f27803cc656960d55b4736686d07cc04c110bee40f2549043c3d00000000000000207dff3807adc2e9e369838d77312e4e507ba5fb1e2bde1065232c2b963f0acfc968173e57d6dcf5de8fb32bec73f9a08e"}}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm the Payment Wallet you have provided is on Polygon PoS and can accept MATIC", "questionId": 1}, {"type": "paragraph", "answer": "Thane is on a mission to make DeFi investing accessible to everyone by simplifying the complexities that currently make participation daunting for most. Think of us as the \"Robinhood\" of DeFi—our platform abstracts the intricate layers of chains and dApps into an intuitive, user-friendly interface that makes DeFi investing as easy as possible. Thane offers frictionless self-custody, combined with a social aspect that encourages users to explore DeFi together. Currently live in Beta as a Telegram mini app (https://t.me/thaneofficialbot), we see significant potential in expanding to Farcaster Frames as our next access point, where the audience aligns perfectly with our vision.\n\nFarcaster’s user base, already familiar with DeFi, provides an ideal starting point for Thane’s rollout. While our long-term goal is to onboard new-to-crypto users directly into DeFi, our initial focus is on engaging a community that values an enhanced user experience. Farcaster users, more accustomed to DeFi than those on Telegram, will provide critical feedback that will help us shape a consumer-focused DeFi app that truly resonates.", "hidden": true, "question": "Explain your project's consumer-centric approach and how it innovatively uses Farcaster Frames to enhance user experience", "questionId": 2}, {"type": "paragraph", "answer": "DeFi Execution through Thane Farcaster Frame:\n\nSimilar to why we launched as a Telegram mini app, we see unique potential in integrating a DeFi execution point directly within Farcaster, where users already consume their crypto content. Thane will empower Farcaster users to initiate their DeFi activities directly via the platform through a Thane Frame. This includes managing portfolio, swapping of assets (incl. cross-chain), participating in yield-generating activities. The current DeFi experience often lacks mobile optimization and requires navigating multiple dApps, even for simple tasks like bridging and swapping. Thane addresses this by providing an intuitive interface that consolidates these workflows, allowing users to interact seamlessly with dApps from the convenience of the Thane mini app, making DeFi more accessible and user-friendly.\n\nBringing Social DeFi to Farcaster with Thane:\n\nAdditionally, Thane’s social element, reminiscent of an “eToro for DeFi,” allows users to share their portfolios and DeFi activities with their followers, fostering community-driven investing. Posts shared through Thane (no matter if on Farcaster Frame, Telegram, or in standalone App) will be broadcast directly to Farcaster, allowing users to share not just their thoughts but also their verified on-chain portfolios and DeFi moves. This transparency and authenticity create opportunities for thought-provoking discussions and inspiration among users. The integration aligns perfectly with Farcaster’s mission by positioning it as a leading SocialFi platform, where investment strategies are explored together in an accessible and collaborative environment. This partnership provides a unique opportunity for both Thane and Farcaster, as we build a shared vision of making DeFi more approachable and connected.", "hidden": true, "question": "Describe how your project uses Farcaster Frames in a novel or unique way to solve a consumer problem or create new opportunities.", "questionId": 3}, {"type": "paragraph", "answer": "Polygon PoS was one of the first chains integrated into Thane. While Thane has a cross-chain approach, Polygon stands out due to its unique advantages such as high speed, low cost, and broad coverage. This makes Polygon particularly appealing to our users, and much of our current beta activity takes place on this chain. Thane enables users to swap assets and bridge to and from Polygon, making it easy to engage with the Polygon ecosystem directly via Thane.\n\nLooking ahead, we plan to integrate additional Polygon native yield generating activities, to expand the DeFi opportunities available to our users. We are also exploring the integration of the Polymarket, pending further technical investigation. If Thane was to be selected as a recipient of this grant, we would prioritize listing investment opportunities on Polygon chain and would also prioritize additional Polygon tokens to be listed.", "hidden": true, "question": "Describe how your project functions independently on Polygon PoS", "questionId": 4}, {"type": "multiple-choice", "answer": "Other", "hidden": true, "question": "Select from the provided categories or specify other if none of these are applicable", "questionId": 5}, {"type": "paragraph", "answer": "With 5+ years of experience working in both the CeFi and DeFi crypto space, the Thane founders (Lena - CEO and Alex - CTO) have lived the challenges of DeFi firsthand and are committed to overcoming them. They met in 2022 while working at BitMEX. Lena then transitioned to an MPC wallet solution provider that was focusing on self-custody solutions for smaller institutions to safely participate in DeFi, giving her unique insights into self-custody, which is a crucial element to what we're building with Thane. Alex's background, even before BitMEX, has been in trading technology, another core element of Thane. Additionally, Alex brings previous founder experience in the DeFi space, with valuable lessons and insights that are shaping what they are building now.\n\nOur experience building Thane’s MVP as a Telegram mini app has prepares us perfectly to now integrate Thane as a Farcaster Frame. This transition allows us to leverage our existing technology while expanding our reach to a more DeFi-savvy audience on Farcaster, enhancing the platform's unique value proposition. Our combined expertise in trading technology, self-custody, and DeFi positions us uniquely to build a seamless, intuitive DeFi experience directly within Farcaster.", "hidden": true, "question": "Describe your team's relevant expertise in developing in Web3 and (if applicable) with Farcaster Frames.", "questionId": 6}, {"type": "paragraph", "answer": "1. Kick Off Project & Set Up Thane Frame Infrastructure\n    - Description: Initial project planning, technical architecture, UI/UX design, Development of the Thane Frame infrastructure including authentication mechanisms.\n    -Budget: $10,000\n2. Thane Frame Live with Swapping & Investing Functionality\n    - Description: Implementation of core DeFi functionalities such as asset swapping and investment management within the Thane Frame.\n    - Budget: $15,000\n3. Social DeFi Functionality Live\n    -Description: Launch of social features enabling users to share portfolio information and DeFi activities, integrating social interactions with on-chain data.\n    - Budget: $15,000", "hidden": true, "question": "Please provide key milestones with budget for integrating Farcaster Frames and developing your application. You can link to a spreadsheet outlining this information.", "questionId": 7}, {"type": "paragraph", "answer": "- Experimentation with Gamification: While Thane's Core App is in Beta, we will implement gamification strategies such as Learn-to-Earn programs and daily trivia challenges. This approach will help us engage a broader user base, test assumptions, and generate buzz around the app, preparing a larger audience for general availability.\n- Wider Crypto Audience Awareness: We will expand our reach through strategic partnerships with projects focused on crypto newbies, DeFi yield projects, and by engaging with other crypto games on Telegram and Farcaster. These efforts will help grow our user base and increase awareness.\n- Community Building and Referral Program: Establishing a strong community of Thane advocates is crucial. We will implement a referral program to incentivize users to invite others, fostering organic growth and enhancing user engagement.", "hidden": true, "question": "What is your plan for driving user adoption of your application", "questionId": 8}, {"type": "paragraph", "answer": "Next 60 Days:\n\n- Gamification and Beta Testing Incentives: We plan to onboard approximately 1,000 new active addresses on Polygon PoS by offering gamification prizes and funds for beta testing. This will drive user engagement and boost daily active addresses as participants interact with Thane’s features.\n- Increased User Activity: During the beta phase, we expect users to perform at least one action per week. Although initial transaction volumes may be modest, this ongoing activity will build a solid user base and pave the way for future growth.\n\nLonger Term:\n\n- Expanding User Base: Our strategy includes targeting users from centralized exchanges and those new to DeFi. By simplifying the DeFi experience and offering incentives, we aim to attract these users to Polygon PoS, thereby increasing both DAA and transaction volume.\n- Growing User Activity: We estimate an average monthly transaction volume per user of $600. By targeting 30,000 active users by the end of Q1 2025 and assuming 20% of this activity occurs on Polygon PoS, we project at this point driving $3.6 million in transaction volume monthly to Polygon.", "hidden": true, "question": "Describe how your project will increase DAA and transaction volume on Polygon PoS.  Provide estimates on the expected volumes over the next 60 days.", "questionId": 9}, {"type": "paragraph", "answer": "Thane is currently in an invite-only beta phase, with 60 beta users onboarded so far. Over the next three months, we aim to expand this to a total of 1,500 beta users. We plan to reach general availability by the end of November. Our current focus is on early feedback from these users, which is crucial for refining our platform and preparing for a broader launch.", "hidden": true, "question": "If applicable, describe any existing user base, partnerships, or traction your project has achieved. Include metrics if available.", "questionId": 10}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Do you understand and agree to complete Gitcoin's KYC process before processing payments?  All grantees receiving more than $15K will be required to complete KYC/KYB.", "questionId": 11}], "project": {"id": "0xecfe9272297f349ba71c6132be237ffdb471fb0ed798b374608e8f70e1d85830", "title": "Thane", "logoImg": "bafkreidrkb3nwwkwduf5leb5ou2dt4r2coudt2cw4wvs643cqp2rrsccqq", "metaPtr": {"pointer": "bafkreicnijqxatikodftqu6meitmo54ci6zpwfdw4w77segfsdt4y47sgm", "protocol": "undefined"}, "website": "https://thane.zone/", "bannerImg": "bafkreidsbildrmvsiogqotnptaf34brf6ecctcoz6wbv3qekdiiuc64o7e", "createdAt": 1725103085048, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..8mpQ_WMFilEeSVwV_9lYPf0rVNCcZQWTcrFt9E6SQt93ITZNzDp4TVc4i0O-4G_ziGXc-cAxfJfkGs4j8IrYBw", "type": "Ed25519Signature2018", "created": "2024-08-31T11:08:03.897Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-31T11:08:03.897Z", "expirationDate": "2024-11-29T11:08:03.897Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x7aAD05e2A19D3084F7E5932C0518f19E12244878", "hash": "v0.0.0:kgk5dqUzrLt5uqpMdNoKwbJz/O2RUDjtmCvFIe2pjkk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Thanezone"}}}, "description": "Thane is on a mission to make DeFi investing accessible to everyone. Whilst DeFi holds immense potential, its complexity makes participations impossible for most people. Think of us as the \"Robinhood\" of DeFi—our platform abstracts away the complexities of chains and dApps with an intuitive interface, offering frictionless self-custody and a social element that lets users explore DeFi together. We’re now live in Beta with our Telegram mini app (@ThaneOfficialBot).", "lastUpdated": 0, "projectTwitter": "thanezone"}, "recipient": "0x802938446cC27C187fB68186EFC6734dA42c9eA2"}}