Liqwid:Cardano DeFi Lending Markets

Open source DeFi lending app; automated liquidity pools so users can be the bank and govern the protocol with incentives to bootstrap credit

Tweag.io: Built Cardano's Smart Contract layer

Appinventiv.com: Top-rated Mobile app/dApp dev firm

30+ years combined Haskell + JavaScript

What is Liqwid?

https://liqwid-finance.medium.com/

Algorithmic trust to help global users reclaim financial power and monetize their credit data. Open-source software stack meets non-custodial algo-optimized lending pools, all powered on Cardano rails. At its core this is what Liqwid is.

To learn more please visit our website at: http://liqwid.finance/

What is the Total Addressable Market and who are the current players?

"…Global digital lending platform market is growing with a CAGR of 18.9% in

the forecast period of 2019 to 2027 and expected to reach USD 16.9

billion by 2027. Increasing trend of digital banking is a driving factor for the

market growth."

Current instant loan solutions in traditional "Centralized" Finance (CeFi) and Decentralized Finance (DeFi) currently charge rent-seeking fees with overhead cost related to bank kyc/aml further increasing cost (cost of money + fees) and reducing overall profitability of the lending network.

Why Liqwid?

Liqwid is the web3 open finance alternative poised to disrupt this entire model with the introduction of onchain credit, identity and as a result data monetization and ownership by Liqwid users. The growth incentives tied to the protocol's governance framework ensures early Liqwid users providing assets to help the protocol bootstrap not only become stakeholders with a governance voice they are subsidize for their cost incurred within the protocol with a governance token representing the rights to the future cashflows generated by Liqwid markets during loan origination and asset redemption. This is what radical open banking looks like.

Liqwid enables developers building on Cardano to integrate streaming interest directly into their product or develop Layer 3 open apps that utilize Liqwid open-source API's (+ contract functions and SDK's) to unlock a web3-verse of open financial (+credit, data and insurance) applications. All powered on Cardano web3 rails.

Web3 open democracy > Web2 CeFi banks

Liqwid 6 month development roadmap is live on our website (and attached in the comment section below)

Founding Team combined experience:

• 4 years+ Management Consulting working on projects including: Financial Modeling,

Capital Budgeting, Bank Lending/Reserve Analysis, Multi-Team largescale Enterprise Software Implementations

Implementations, Data (Analysis, Modeling, Profiling)

• 1 year+ Cardano Stake Pool Operator (Proof of Africa)

• 5 years+ Digital Marketing and Project Management

• Early Project Catalyst fund1 Community Advisors

Learn more about Liqwid Protocol's core development and integration partners building Liqwid v1. on Plutus testnet:

Tweag.io : Tweag Haskell engineers built Cardano's smart contract language Plutus from the ground up working alongside IOHK's Plutus dev team for the past 3+ years. Some of the brightest smart contract minds at IOHK (Manuel Chakravarty) are Tweag personnel helping guide initially Plutus's architecture and design and now its implementation.

As a result of Tweag's work on Plutus with IOHK devs they have become defacto domain experts of Plutus as a platform. More specifically Tweag's blockchain engineers are uniquely experienced in the working mechanics of Plutus and well-positioned to step in and drive the Liqwid protocol architecture and design workshops leading up to development on the Plutus testnet.

The competitive advantage Tweag has over any other development firm (even exclusively Haskell) is clear; as the original protocol architects and designers of Cardano's smart contract platform no other development firm has this much Cardano smart contract experience and working knowledge (both tacit and explicit).

Appinventiv.com : Appinventiv is a mobile apps development firm based in the U.S., India, and U.K.

They are consistently ranked as top developers by 1st class software development ranking platforms like Clutch (https://clutch.co/profile/appinventiv).

Appinventiv has an entire group of dedicated blockchain dapp devs who build mobile dApps/integrations on top of existing DeFi protocols. We plan to leverage their vast experience and working knowledge on liquidity pool-based, interest-accruing protocols live on Ethereum today.

Next our Integration partners:

Credmark.com : Credmark builds onchain credit data generating products for retail, enterprise, and government users.

Credmark Clear is their credit product built for retail consumers; Clear enables any developer to use Credmark's API's to build onchain credit data into a dApp/product.

The Credmark team is a current Emurgo dLab startup firm and our team founder's see strong synergies in integrating Clear into Liqwid Protocol.

the v1 of this integration for Liqwid v1 on Plutus testnet will be a simple data retrieval using Credmark's API's but we are planning to develop a more robust solution for credit data calculations that merges social credit lending principles with social media and develop this into a DeFi credit data tool purpose built for Liqwid's peer-to-peer lending pools.

After completing an exhaustive 1.5 month round of meeting individual blockchain engineers and development firms we feel confident the development and integration team building Liqwid has the proven capabilities required to drive the successful final outcome of this proposal; Liqwid go-live on Plutus testnet in the next 5-6 months.

Detailed development plan + documentation included in attachments 1-5.

Requested Development Funds:

High level costing for the entire platform development through MVP deployment (5-6 months).

Going the agile way with Appinventiv blockchain DeFi development team:

For Liqwid's extensive application requirements, an agile approach with Appinventiv dedicated blockchain DeFi team as the core development partner working full time towards Liqwid's MVP deployment is the most efficient route to successful delivery on time and within budget.

Monthly billing will occur based upon actual allocation of resources for each month. The overall work scope and development tasks completed over the period of time will follow the Agile-based SDLC method detailed in attachment 1 (slides 5-7).

Initial 4 weeks of Engagement

As initial 4 weeks are quite crucial for the entire Liqwid MVP development, wherein we can define overall protocol architecture, project plan, wireframes and complete roadmap, the Appinventiv team will deploy a dedicated blockchain team (with DeFi Liquidity Pool development experience) including; a Project Manager, Blockchain Technical Lead, Lead Architect, DeFi Analyst and QA to work closely with the Liqwid core and Tweag teams.

***Cost***: USD 20,000 for the first month; one of the most competitive rates on market (https://clutch.co/profile/appinventiv).

Agile Development Sprints

While working with this approach, we can ensure, we roll out first release within first 5 - 6 months as MVP and continue building on top of it towards mainnet go-live.

Our core development partner is aligned on the Liqwid final form goal: a self-sustainable DeFi dApp generating transaction fee cashflows for all ADA stakeholders and open software devs are incentivized to utilize to build interest, data, and liquidity directly into their app.

Cost: USD 25,000 - USD 26,000 each month depending upon actual hours allocation (months 2-6).

***Tweag***: Cardano smart contract experts that will drive the Liqwid Protocol audit and strategic design activities.

Objectives:

● Audit the development of Liqwid protocol

● Upskill developers working in various aspects of the Liqwid protocol development

Engagement model is iteration (sprint) based. The unit of engagement is 10 day iterations.

Role: Blockchain Specialist

Unit: 1 (for 1st sprint)

Days: 10

Unit Price: USD 800 per day

Total per iteration (excl. VAT): USD 16,000

Note: For both development teams; monthly billing will occur based upon actual allocation of resources for each month.

Data Science Team: (2) Liqwid has 2 new addition as we have data science devs who work on algo designing with Big Data have joined out team to help de-risk some of the algorithmic concepts/qCredit scoring model in our system. One of the devs is building a credit based DeFi protocol on ethereum and is based in Bangalore, India and the other dev runs a data science consultancy in Boston. In addition there are several credit risk scoring subject matter experts our team has discussed Liqwid concepts with and at some point in the near future we will bring one of them onboard to help scope and implement the v1 (qCredit score + validate Liqwid's set of system algorithms the protocol makes great use) product delivery you can see within our Medium blog posts above.

*The Liqwid core development + founding Team you see in our proposal headline/UN hackathon submission are receiving USD 0 from the requested amount, all funds will go towards protocol development cost highlighted in the funding section above.

Total Funds Requested for fund2 (~6 week runway): Appinventiv Core Dev Team ($20,000) + Tweag Plutus Specialist ($16,000) + (2) Data Science experts + strategic lead/advisor (~$2k per month) +Tax/Transaction costs ($500) = USD 38,500

USD 38,500 = 385,000 ADA (ADA ~ USD 0.10)

Our team is requesting capital to fund the Appinventiv and Tweag teams budget requirements for the entire length of fund2.

Both development partners are fully aligned and committed to reaching our fund2 goals, on time and budget; complete the 1st 3 phases leading up to development (planning, analysis, design) and all of the activities/deliverables output from the tasks within each dev phase.

I encourage you all to explore our Agile development methodology (slide 5) as well as the fund2 breakout (inputs, dev tasks, deliverables, outputs) in the 1st attachment (slide 6).