Spectral.finance's Bounty
Description
It’s Buidl season with Spectral Finance!
We’re excited to welcome Web2 + Web3 developers alike, to our growing ecosystem through #BuidlWeek at ETHDenver.
Prompt: Build a dApp that integrates Spectral’s MACRO score in a way that brings value to an existing Web3 protocol, or that can create new value through a novel implementation (ex. hybrid lending systems, identity tools for MACRO Score, etc.).
Launch MVP on Abritrum Goerli. We’re looking for innovative solutions that encourage collaboration. Such as tools to bridge the gap between, traditional FinTech and Web3, credit analysis; projects that utilize the MACRO Score to enable end-to-end capital efficiency or that enables new ways of lending on-chain.
Examples include (*but are not limited to*):
1. A lending protocol that uses Spectral’s MACRO Score (on-chain credit score) to 1. adjust interest/collateral rates 2. OR create an entirely new model for lending (eg. imagine Uniswap v3 but for lenders)
2. A gating mechanism for protocol usage. Gates can be ranges of the score (eg. imagine a low-risk lending facility only serving users with scores 700-850)
3. A protocol that does not reveal a user’s score on-chain (using zero-knowledge proofs or other tools) and adjusts behavior with users in an obfuscated manner. (eg. User A interacts with Protocol 1 → Protocol 1 wants to know how credible User A is. How do we prove to Protocol 1 what User A’s score is without revealing the score to Protocol 1.)
Acceptance criteria
- Vision and use case
- Live and usable MVP on Abritrum Goerli
- Video demo of a live application
- Open Source code: e.g. MIT, BSD, GNU
- Great documentation in code and a well-explained **README**.
- Please show a **steady commit trail** and thought process e.g. sketches, discussion, and issues on how you arrived at the decision to incorporate this feature.
- List any **challenges or benefits** you encountered in the developer experience.
- Overall Value Proposition (any of the following):
- Improves capital efficiency of lenders and borrowers in DeFi protocols.
- Improves the functionality of Web3 protocols.
- Implementation of MACRO score in an application creates value in novel ways.
- Creation of a tool that improves the MACRO Score. - User Experience - Creativity
Rewards
- 1: 8000 USD
- 2: 5000 USD
- 3: 1000 USD
- 4: 1000 USD
Resources
- Spectral Developer Docs
- https://dev.spectral.finance/#getting-started
- Introduction to the MACRO Score
- https://blog.spectral.finance/introduction-to-macro-score/
- MACRO Score Deep Dive Pt. 1
- https://blog.spectral.finance/a-deeper-look-at-the-macro-score-part-one/
- MACRO Score Deep Dive Pt. 2
- https://blog.spectral.finance/a-deeper-look-at-the-macro-score-part-2/
- Nine Solvable Problems with DeFi
- https://blog.spectral.finance/nine-problems-with-defi/