KUMO - Money Backed By Nature
Aiming to merge climate finance with everyday economy, KUMO is a protocol offering the only 100% nature-backed stablecoin and interest-free loans for carbon credit developers.User Review
AI Review
A1
Reviewed on 13 Feb 2024 04:28 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project noted achievements since the alpha round, indicating it has been active for more than 3 months.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
The project is focused on creating a nature-backed stablecoin and a borrowing protocol to finance climate projects, which directly aligns with climate solutions and reducing GHGs.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha round. We understand that some projects may have less progress given the timing of Alpha round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The project has reported on its progress post-Alpha round, including development, testing, establishment of partnerships, and securing funds.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
The project has updated its proposal with the accomplishments since the last funding round, it provided the planned use for additional funds, and outlined a rough timeline for upcoming milestones.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
KUMO has demonstrated a viable and operational MVP with real partnerships and community involvement, which shows the project's credibility and intention to deliver.
Grantees can be eliminated from consideration in the round if they are found to be encouraging or enabling Sybil attacks or other forms of malicious manipulation of the grants platform or the Gitcoin community.
There's no available information indicating whether the project has been involved in malicious activities. Without such evidence, a definitive score cannot be given.