{"signature": "0x898fefde879a675b3f8c639945e67281bd0e0a054eb88ebc7d39bd2a479034f4597969f1117c61c1cfe0a4b0c3dd21ef024b69b1047a2fad661ef853cb8397971c", "application": {"round": "0x487FB600a0627b1eE95bF280C5c8Bd415E0bE58a", "answers": [{"type": "email", "answer": "admin@refimedellin.org", "hidden": true, "question": "Email Address", "questionId": 0}, {"type": "number", "answer": "4", "hidden": false, "question": "Team Size", "questionId": 1}, {"type": "checkbox", "answer": ["ReFi DAO"], "hidden": false, "question": "Is your project a member or past grantee of one of these networks?", "questionId": 2}, {"type": "paragraph", "answer": "Our key goals for this year include **expanding our lending platform** with **collateral-free microcredits** (USDGLO & cCOP), creating a more inclusive and equitable Medellín. 🚀", "hidden": false, "question": "What are your key active goals, plans, objectives or milestones for this year?", "questionId": 3}], "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"}}