ChinGHOn!
Ask the AAVE Commnunity to collateralize your milestoned GHO loans in the same way you ask for a Grant, get your funds unlocked in a very well known DAO flow and deliver the results to get more funding!
Project Description
We developed a Smart Contract to permit the AAVE Community deposit liquidity in the community projects, generating big demand from AAVE Protocol and GHO, at the same time GHO is helping projects to grow.
As a "Startup from a Project" founders we faced the complexity of fundraising.
Most comon problems: -The team needs economic sustentability. -The go-to-market requieres an investment.
Current space solutions:
Applying for Grants is a great opportunity:
-Small to emdium capitalization. -No guarantee about the result of the application. -Assigned funds usually vary from expected and requested amount. -Unncertain about funds release times. -Governance that might change and affect the fundsflow.
Funsraising is exhaustive and depends on random criteria:
-A lot of time and effort in unsuccesful meetings. -Reuqieres prior investments, usually incorporations. -Depends on the gneral market perception from investors. -Better you are a "low hanging fruit" provider. -Uncertain about invstment/equity calculation.
What can we do to solve it?
Ask the commnunity to collateralize your milestoned loans in the same way you ask for a grant, get your funds unlocked in a very well known DAO flow and deliver the results to get more funding, always just paying acording to your startup plans and the lowest possible market rates.
Esto es muy ChainGHOn!
How it's Made
Using the AAVE GHO Smart Contracts, CCIP and our own Smart Contracts we let the projects get collateralized by the AAVE Community to give the projects access to borrow GHO. The GHO is given in any chain (CCIP compatible) to avoid paying high gas fees. Funds are released by the milestones completition only, as happens with Grants model.
AAVE & CCIP (to send): https://github.com/Roll-a-Mate/ChainGHOn_sc/blob/main/src/ChainGHOn.sol
CCIP Receiver: https://github.com/Roll-a-Mate/ChainGHOn_sc/blob/main/src/Receiver.sol
CCIP Mint: https://github.com/Roll-a-Mate/ChainGHOn_sc/blob/main/src/WrappedGHO.sol
Deck presentation PDF: https://github.com/Roll-a-Mate/ChainGHOn_sc/blob/main/ChainGHOn!.pdf
LIVE DEMO (we were facing problems to deploy remotely in Versel, currently solving, but the DEMO video has everything working and the repo code is full working): https://front-chinghon.vercel.app
