(first NSA marketplace) integrating Harmony

Name of Project


Proposal overview

Current Stage

Currently there are 280K active users in Pawnfi community. Pawnfi Testnet V4.0 has been deployed on ETH/ BSC/ Polygon testnet, and are looking to build out our Harmony NSA market and launch a marketing/business development campaign within the ecosystem. According to Pawnfi’s position which can be the base layer of any NFT/ Gaming projects, Pawnfi is able to attract more user base.

Project Description is the first DeFi product which introduces the pawn concept, also a brand-new lending and leasing market to provide fair appraisal, liquidity and use case for Non-Standard Assets (NSA).
Pawnfi enables the divestiture of asset ownership, use rights, and earning rights of Non-standard Assets. Therefore, the holders of NFT, GameFi token, LP token, computing power token or bundled asset can initiate Pawn (collateral loan), Lease (rent) and Sale purposefully or simultaneously within one transaction on Pawnfi.
Compared with other lending protocols in the industry, Pawnfi can provide a wider range of asset support, a more flexible loan portfolio, and more diversified asset realization solutions.

Project Goals

The typical features of Non-Standard Asset include their scarcity and their attributes as an investment or collection. However, its nature determines that it is not smooth for trading, and many NSAs are embedded with unique utility (like gaming assets or computing power). Therefore, Pawnfi believes that the best way to unleash the value of NSA is to empower them with broader use case of collateralized loan and leasing, so that NSA holders can obtain cash flow without losing their ownership.
Pawnfi visions to become the pioneer to help any DeFi/ NFT/ GameFi/ Metaverse users generate their liquidity in hybrid dimensions.

GTM Strategy

  1. At the initial stage of Pawnfi’s official launch, we’ll focus on the to B service, especially strive to be the key supplier of pawn & lease marketplace to NFT/ Gaming projects participants. We’ll manage to customize our product, in order to make it an essential toolkit for global game guilds, such as YGG.

  2. SDK/ API for other projects - Other than making as a third party market place, Pawnfi will wrap SDK/ API for strategic partners to build their native Pawnshop in their eco system - imagine a pawnshop sitting at the middle of Metaverse. While NFT/ Gaming projects focus on user experience, Pawnfi will handle the financial logic to make their world more completed.

  3. Work with DAO/ Business Treasury - Given Pawnfi’s Non-Standard asset scope and crowd lending design, project or business side can utilize our “Initial Pawnfi Offering” to do the fundraising from not only the crowd but also their own community. They don’t need to sell their token, instead they place it as collateral and payback with predefined interest expense.

  4. Financial assets such as LP tokens can also be used to unlock liquidity on Pawnfi. With the emergence of the Uniswap V3, more and more customized financial products are expected to appear on the market, and the LP token will become more diverse and non-standardized. As a highly flexible platform with freely combinable modules, Pawnfi can provide the most powerful liquidity support for these asset holders.

  5. Later stage, we will support even more diversified assets & customized solutions for typical asset type. After having accumulated a certain number of initial users, we will gradually expand the asset portfolio and enrich the loan solutions, such as Crowd/Pool/Fast loan, to adapt to variable turnover rates and risk parameters of different type of asset. There will be specific sectors for each asset category. The corresponding marketing campaigns will be carried out as well.

Code Audit

Our smart contract has been audited by Peckshield


Wesley, Chief Executive Officer

  • Previously in charge of Security Lending & Borrowing business at Singapore DBS
  • CFA Charterholder with more than 5 years working experience in investment industry
  • Graduated from National Taiwan University and Singapore Management University

Stephen, Chief Strategy Officer

  • Former CTO at QTUM, with more than 5-year blockchain developing experience
  • Prior to blockchain, working at Microsoft and then Tencent Timi Game Studio as senior software developer for 4 years
  • Master in Chinese Academy of Sciences

Dirk, Chief Technology Officer

  • Former CTO at Yintech (NASDAQ:YIN)
  • Has corporate experience in Fintech software development for more than 15 years
  • Knowledgeable in distributed service-oriented architecture, big data processing and massive service
  • Proficient in Solidity & Rust & Golang & C++

Han, Chief Product Officer

  • Former core Murex architect in DBS Credit Desk and crypto team
  • Former quant trader in Acadian, one of the biggest international hedge funds
  • Has more than 7-year development experience of derivatives and quantitative products
  • Graduated from Washington University in St. Louis and Purdue University

8 full time developers + 3 BD associates

Proposal ask



  • R&D - 70%
  • Marketing & Business Development - 10%
  • Legal & Compliance - 8%
  • Operation - 10%
  • Others - 2%


  • Integrate Harmony Protocol
  • Onboard more NFT/ DeFi projects
  • Integrate cross-chain solution and oracles like Chainlink
  • Implement more lending and borrowing solutions among different asset scope
  • Marketing activities - business development and marketing campaign within the Harmony ecosystem

Metrics for success

The results of product operations and marketing campaigns at each stage can be quantitatively measured by the growth of the user numbers of the Pawnfi product and the volume of collateral assets.

External links

1 Like

Hi Wesley,

Welcome to Harmony. I have looked over your proposal and am excited to see your team wanting to build on Harmony. That being said, this proposal fits best to the Launch grant based on the guidelines at Apply for Grants or DAO

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).

Moreover, 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, preferably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Can we agree to the above terms?

@Wesley we like the project and the team seem strong.

Can you elaborate which NFT / DeFi projects would be the first few front runners that will be able to take advantage of PawnFi to solve their problems?

Hi @Jacksteroo ,

We have been working with some well-known projects on ETH/ BSC/ Polygon but not able to disclose at this moment. Given our position of non-standard asset, every NFT / DeFi projects can be our partners to unleash their liquidity need and expand the utility of their assets & holdings.

Hi @HarmonyUniverse ,

It is our pleasure to have for your recognition. Would love to clarify on the last part:

  1. If we have been porting on ETH/ BSC/ Polygon testnet for testing, does it breach the requirement of “3-month exclusive campaigns with Harmony before more porting with other chains”?

  2. For the smart contract it would be eventually open sourced. But could elaborate more on “all server deploys or mobile apps must be easily clonable”?


As for your questions:

  1. It does not breach the requirement, and they are asks
  2. Open sourced smart contracts with documentation will be sufficient

@Wesley please DM if you wish to move forward.

As of now, we’ll pause the proposal until discussions ensue.

@Jacksteroo thank you ser. We are looking forward to moving forward.
Can kindly let me know how we can best proceed? Cheers

The development of Pawnfi is looking quite promising. Really glad to see your team was funded by a strong list of investors such as Digital Currency Group (DCG), Animoca Brands, Dapper Labs, Polygon, DeFi Alliance, Hashkey Capital, Everest Venture Group, SNZ and 6Block.

Approved for $50K Launch grant. Congratulations! Looking forward to seeing this built out with the first milestone for a Testnet Launch built on Harmony :tada:

“Testnet Launch” means launching a feature-complete product on Harmony Testnet. We define feature complete to include a user interface, connection to a wallet (Metamask, Harmony ONE Chrome Extension, etc.) on Testnet, and can be tested end-to-end by at least 100 users.

Meanwhile, to prepare receiving funds, email your identification documents to and create a Gnosis Safe MultiSig wallet at and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

Read about our Harmony Ventures Network program if you are seeking to raise capital.

We’d love :blue_heart: to see weekly updates on this thread here, to keep the community posted on this proposal’s progress!

Apologize for missing out the message @Jacksteroo .

Glad to hear the positive feedback and our team is now planning thoroughly for upcoming Beta Testing and Harmony integration
Will follow the steps and keep you posted on every milestone.

Hello @Jacksteroo , just to check in if we can set up a work group on TG between Harmony and Pawnfi?

Hi @Wesley, will message you.

Thank you @cheualx , you can find me via @WesKayne


Can you provide timeline on when you’ll be launching on mainnet on other chains?

Thank you

Hey @cheualx , we are now working on new functions and undergoing new round of code auditing. There might not be a specific timeline but we will keep you posted and make sure we can deploy the latest stuff on Harmony

Hello @Jacksteroo ,

Have sent an email to for asking what kind of identification grants are required. However, we haven’t received any response yet.
Can kindly help us give KYC team a heads up? or you can let me know what identification docs are required on our end to proceed with KYC.


1 Like