User Review
AI Review
A1
Reviewed on 17 Jul 2024 12:39 AM
The project should fall under one of the three key categories: Building, Research, and Awareness.
The project fits under the 'Building - Deployment of RWAs' category.
The project should have a product and technology that could deploy on Arbitrum in the short-to-medium term.
The project has an MVP completed and is live on Plume Testnet with plans to go live on Mainnet shortly.
The project should help kick-start the Arbitrum ecosystem.
The lending market for RWAs can significantly increase TVL and attract compliance-minded institutions to Arbitrum.
The project should attract larger projects at first to speed up ecosystem growth.
Mystic Finance aims to partner with established RWA issuers and institutions, indicating a potential for significant initial traction.
The project should have partnerships with top RWA-focused projects.
Mystic Finance has partnerships with notable RWA projects such as Mountain Protocol, Dinari, Centrifuge, PV01, etc.
The project should ensure quality and consistency in the Arbitrum RWA ecosystem.
The project emphasizes compliance and custody, which are critical for maintaining quality and consistency in the RWA ecosystem.
The project should have a guiding hand for tighter integrations between new and existing projects.
Mystic Finance's approach includes integrating with regulated custodians and partnering with existing RWA issuers.
The project should have recent Github activity as an indicator of active development.
There have been no commits, pull requests, or issues on the user’s Github in the past 3 months.
The project should not be already funded by other grant programs to avoid double-dipping.
The project has received a $160,000 grant from the government of Portugal and a $15,000 grant from Arbitrum Questbook.