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A synthetic asset protocol on Solana allowing seamless crypto investing with low fees, deep liquidity, and up to 20x leverage. Funding needed for legal setup and smart contract audit.
Application
Applied on: 15 Oct 2024 10:10 PM
Rejected
User Review
R1
Reviewed on 18 Oct 2024 02:51 AM
Demonstrate user-centric design and functionality
Show contribution to Web3 ecosystem growth
Present innovation in application use cases
Meet the general eligibility criteria for Gitcoin Grants, including open-source principles and ethical standards
The proposal does have a user-centric design but doesn't show meaningful contributions to Web3, it does present innovation, but the provided repo doesn't meet the activity metrics set for GG22
AI Review
A1
Reviewed on 15 Oct 2024 11:01 PM
Demonstrate user-centric design and functionality
The project description highlights various user-centric features such as trading any crypto without leaving Solana, earning yield, short selling, and using synthetic assets. The design appears to prioritize user needs and offer a seamless experience.
Show contribution to Web3 ecosystem growth
The project plans to make its protocol, UI, and SDK open-source, viewing it as a public good similar to other open-source protocols. This contributes to the growth and optimization of the Web3 ecosystem.
Present innovation in application use cases
The project offers innovative features such as trading with zero fees, using synthetic assets, and leveraging up to 20x, making it distinct from traditional financial instruments and other offerings in the space.
Meet the general eligibility criteria for Gitcoin Grants, including open-source principles and ethical standards
The project commits to open-source principles, with its code available on Github, and complies with ethical standards. It stands as a public good contributing to Web3.