Hashstack - Crypto-native Lending protocol enabling under-collateralized loans

@MaxTakahashi thank you for submitting a well-described proposal with some metrics for success.

Let’s be clear that this isn’t a Port (from another chain that has found product-market fit) nor a Bounty (Harmony helps define the scopes, the estimated hours and the deliverables of tasks).

It’s a Launch project.

We understand that you’re also looking for funding, and our guidelines in Harmony Grants and Investments (Paused) has clarified that we recognize the need for teams to look for funding, and we can be a follow-on investor.

To keep things simple:

  1. Can we scope this grant to a $50K Launch grant?
  2. The launch guidelines state the following, will you be able to abide by these updated guidelines?

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet $10K after forming a DAO with 5-out-of-9 multisig with our DAOs $10K after launching on our mainnet with audit $10K after 1K daily active users (with launch video, full PR promotion) $10K after 10k daily active users (with a detailed roadmap, governance process)

We recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Thank you for choosing Harmony. We look forward to hearing from you.

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