Safi Protocol
Decentralized platform facilitating solar loans in developing countries via tokenization, automated due diligence, and carbon value capture in renewable energy.User Review
AI Review
A1
Reviewed on 14 Feb 2024 06:02 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
There is insufficient information provided about the inception date of the Safi Protocol project, therefore we cannot ascertain if the project meets the requirement of being at least 3 months old.
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.
Safi Protocol's focus on facilitating financing for clean energy projects, particularly solar loans in developing countries, indicates that it is focused on climate solutions. It plans to reduce GHG emissions by supporting the growth of renewable energy projects, which aligns with the criteria.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The provided description does not indicate whether Safi Protocol has received funding in previous rounds, so it is unclear if this criterion is applicable or if there is a progress report available.
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.
Similar to the previous point, without information on whether Safi Protocol is a returning grantee, it is uncertain if they have or need to update their proposal with progress, lessons learned, and a timeline for the use of additional funds.
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.
The Safi Protocol's goal to connect investors with solar loans through a defi platform while capturing carbon value in renewable energy projects is a credible and viable application of web3 technology in the climate solutions space, suggesting genuine intent and feasibility.