Koryntia seeks a grant of 3,000,000 ARB tokens from the Arbitrum DAO Treasury to develop and launch a revolutionary DeFi lending platform. With a focus on accessibility, scalability, and user engagement, Koryntia aims to significantly enhance the Arbitrum ecosystem’s DeFi capabilities and drive widespread adoption.
The Arbitrum community should implement the AIP to address critical gaps in the DeFi landscape. Koryntia's innovative approach makes DeFi accessible to all, aligning with Arbitrum's mission of fostering innovation and inclusivity. By supporting Koryntia, the community can solidify Arbitrum's position as the leading blockchain for DeFi solutions.
Koryntia's integration with the Arbitrum network leverages its superior scalability and low transaction costs, ensuring a seamless user experience. The platform's advanced features, including BTC integration, attract significant liquidity to the Arbitrum ecosystem. By promoting user-centric solutions, Koryntia epitomizes the core values of the Arbitrum community.
Koryntia will utilize the following technologies and platforms:
Koryntia extensively evaluated various Layer 2 solutions and sidechains, ultimately selecting Arbitrum for its superior performance, security, and community support.
Total cost for AIP implementation is 3,000,000 ARB tokens:
Success will be measured by:
Comprehensive progress, metrics, and budget utilization reports will be submitted at the end of each phase via the Arbitrum forum and email on the following dates:
Founders:
Key Team Members:
Our commitment to excellence is driven by our philosophy of freedom and motivation to advance the most ambitious project. We have secured the best legal advisors for the project, ensuring compliance with favorable jurisdictions. Our team is composed of highly motivated and talented individuals who have worked on critical aspects of the Bitcoin protocol, contributing to significant developments in the DeFi space.
We will actively engage the community during the beta phase through various strategies:
Potential risks and mitigation strategies include:
Koryntia seeks a grant of 3,000,000 ARB tokens from the Arbitrum DAO Treasury to develop and launch a revolutionary DeFi lending platform. With a focus on accessibility, scalability, and user engagement, Koryntia aims to significantly enhance the Arbitrum ecosystem’s DeFi capabilities and drive widespread adoption.
The Arbitrum community should implement the AIP to address critical gaps in the DeFi landscape. Koryntia's innovative approach makes DeFi accessible to all, aligning with Arbitrum's mission of fostering innovation and inclusivity. By supporting Koryntia, the community can solidify Arbitrum's position as the leading blockchain for DeFi solutions.
Koryntia's integration with the Arbitrum network leverages its superior scalability and low transaction costs, ensuring a seamless user experience. The platform's advanced features, including BTC integration, attract significant liquidity to the Arbitrum ecosystem. By promoting user-centric solutions, Koryntia epitomizes the core values of the Arbitrum community.
Koryntia will utilize the following technologies and platforms:
Koryntia extensively evaluated various Layer 2 solutions and sidechains, ultimately selecting Arbitrum for its superior performance, security, and community support.
Total cost for AIP implementation is 3,000,000 ARB tokens:
Success will be measured by:
Comprehensive progress, metrics, and budget utilization reports will be submitted at the end of each phase via the Arbitrum forum and email on the following dates:
Founders:
Key Team Members:
Our commitment to excellence is driven by our philosophy of freedom and motivation to advance the most ambitious project. We have secured the best legal advisors for the project, ensuring compliance with favorable jurisdictions. Our team is composed of highly motivated and talented individuals who have worked on critical aspects of the Bitcoin protocol, contributing to significant developments in the DeFi space.
We will actively engage the community during the beta phase through various strategies:
Potential risks and mitigation strategies include:
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Hello,
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Hello,
We appreciate the positive feedback and the connections made at Arbitrum, but please understand that we must go where we are trusted.
Just as I give my blood, I want your blood.
If anyone wishes to get in touch, you can find me on LinkedIn, X, or Telegram.
Best, Gregorio
Thank you for your response @Cole_404 :slightly_smiling_face:, I value it greatly. Based on my intuition, I consider Arbitrum could be a great ally for Koryntia. Moreover, I agree with the three-step strategy you recommend. I believe it’s an excellent idea and aligns perfectly with our way of acting, as well as with Arbitrum’s.
The Koryntia token could be launched after the first step, if everything goes according to plan. At this point, a scenario with the Koryntia token could also come into play. Our focus is on the private sale of the token to trusted and long-term investors for the previously mentioned ‘hare’ strategy, with the aim of building pioneering products in DeFi markets. This strategy would fit well with the second step, that is, community growth and public sale. All of this, of course, is subject to the successful execution of our plans and compliance with relevant regulations.
Appreciate the proposal @gregoriopunzano
It is good to hear you have selected Arbitrum as the home for Koryntia.
I will be honest though, the amount that you are requesting from the DAO is way too large. A grant of this size would be in line with what the strongest, most well-known DeFi protocols in Arbitrum are receiving.
I would recommend the following:
Appreciate the proposal @gregoriopunzano
It is good to hear you have selected Arbitrum as the home for Koryntia.
I will be honest though, the amount that you are requesting from the DAO is way too large. A grant of this size would be in line with what the strongest, most well-known DeFi protocols in Arbitrum are receiving.
I would recommend the following:
Hello and thank you for your response and your comment. Following my principles, I will be 100% honest with the response I am about to give:
I agree with you on certain points. It is important to mention that Koryntia already has an MVP (Minimum Viable Product) at 80% and a substantial amount of code. However, my vision as a founder goes further, seeing the potential of Arbitrum on a personal level. For me, setting up an adequate structure wouldn't be a problem, as I am convinced that we can attract the best talent for this. I am confident that we have the capacity and determination to do it.
It is correct what you mention about our recent application in the Questbook grant program for $50k USD. I discovered later that I could make a more ambitious proposal and decided to bet on the vision I have for this DeFi industry, also integrating Bitcoin. This strategy is based on two additional products related to Bitcoin DeFi. Thus, we would have Koryntia in the short term, another product in the medium term, and another in the long term. These last two products have great potential in a market of 4 trillion dollars, like Bitcoin. In summary, we are betting heavily on Arbitrum and need all possible support.
It is well known that innovation is not cheap, but those who do not take risks do not gain. Not only would Koryntia be integrated, but two more brands would also be integrated, significantly increasing the flow in Arbitrum and creating a snowball effect. The 3,000,000 ARB tokens from the DAO grant would be instrumental in achieving this. We need to build a solid foundation with the tortoise approach, but we also need more hares and a space where they can run without fear. Often, our impostor syndrome tells us that we can't achieve certain things, but why not? We have the resources, the talent, and the technology to keep innovating and position Arbitrum as a leader in long-term innovation. It's all about value.
Hello and thank you for your response and your comment. Following my principles, I will be 100% honest with the response I am about to give:
I agree with you on certain points. It is important to mention that Koryntia already has an MVP (Minimum Viable Product) at 80% and a substantial amount of code. However, my vision as a founder goes further, seeing the potential of Arbitrum on a personal level. For me, setting up an adequate structure wouldn't be a problem, as I am convinced that we can attract the best talent for this. I am confident that we have the capacity and determination to do it.
It is correct what you mention about our recent application in the Questbook grant program for $50k USD. I discovered later that I could make a more ambitious proposal and decided to bet on the vision I have for this DeFi industry, also integrating Bitcoin. This strategy is based on two additional products related to Bitcoin DeFi. Thus, we would have Koryntia in the short term, another product in the medium term, and another in the long term. These last two products have great potential in a market of 4 trillion dollars, like Bitcoin. In summary, we are betting heavily on Arbitrum and need all possible support.
It is well known that innovation is not cheap, but those who do not take risks do not gain. Not only would Koryntia be integrated, but two more brands would also be integrated, significantly increasing the flow in Arbitrum and creating a snowball effect. The 3,000,000 ARB tokens from the DAO grant would be instrumental in achieving this. We need to build a solid foundation with the tortoise approach, but we also need more hares and a space where they can run without fear. Often, our impostor syndrome tells us that we can't achieve certain things, but why not? We have the resources, the talent, and the technology to keep innovating and position Arbitrum as a leader in long-term innovation. It's all about value.
Let's say that the grant we are requesting is the tortoise, and the DAO proposal is the hare. We need both approaches to ensure solid and sustainable development. Your support and that of the community are crucial to making this vision a reality.
Thank you for your consideration, and I hope you can see the potential of our project and change your mind to support us.
I appreciate your perspective :pray:, but I assure you, my motivations extend beyond financial gain. Money is merely a tool to achieve our goals. It's a result of the value we bring to humanity. Feel free to ask any questions. Let's move forward with action. :slightly_smiling_face:
======= Update =======
Hello,
======= Update =======
Hello,
We appreciate the positive feedback and the connections made at Arbitrum, but please understand that we must go where we are trusted.
Just as I give my blood, I want your blood.
If anyone wishes to get in touch, you can find me on LinkedIn, X, or Telegram.
Best, Gregorio
Thank you for your response @Cole_404 :slightly_smiling_face:, I value it greatly. Based on my intuition, I consider Arbitrum could be a great ally for Koryntia. Moreover, I agree with the three-step strategy you recommend. I believe it’s an excellent idea and aligns perfectly with our way of acting, as well as with Arbitrum’s.
The Koryntia token could be launched after the first step, if everything goes according to plan. At this point, a scenario with the Koryntia token could also come into play. Our focus is on the private sale of the token to trusted and long-term investors for the previously mentioned ‘hare’ strategy, with the aim of building pioneering products in DeFi markets. This strategy would fit well with the second step, that is, community growth and public sale. All of this, of course, is subject to the successful execution of our plans and compliance with relevant regulations.
Appreciate the proposal @gregoriopunzano
It is good to hear you have selected Arbitrum as the home for Koryntia.
I will be honest though, the amount that you are requesting from the DAO is way too large. A grant of this size would be in line with what the strongest, most well-known DeFi protocols in Arbitrum are receiving.
I would recommend the following:
Appreciate the proposal @gregoriopunzano
It is good to hear you have selected Arbitrum as the home for Koryntia.
I will be honest though, the amount that you are requesting from the DAO is way too large. A grant of this size would be in line with what the strongest, most well-known DeFi protocols in Arbitrum are receiving.
I would recommend the following:
Hello and thank you for your response and your comment. Following my principles, I will be 100% honest with the response I am about to give:
I agree with you on certain points. It is important to mention that Koryntia already has an MVP (Minimum Viable Product) at 80% and a substantial amount of code. However, my vision as a founder goes further, seeing the potential of Arbitrum on a personal level. For me, setting up an adequate structure wouldn't be a problem, as I am convinced that we can attract the best talent for this. I am confident that we have the capacity and determination to do it.
It is correct what you mention about our recent application in the Questbook grant program for $50k USD. I discovered later that I could make a more ambitious proposal and decided to bet on the vision I have for this DeFi industry, also integrating Bitcoin. This strategy is based on two additional products related to Bitcoin DeFi. Thus, we would have Koryntia in the short term, another product in the medium term, and another in the long term. These last two products have great potential in a market of 4 trillion dollars, like Bitcoin. In summary, we are betting heavily on Arbitrum and need all possible support.
It is well known that innovation is not cheap, but those who do not take risks do not gain. Not only would Koryntia be integrated, but two more brands would also be integrated, significantly increasing the flow in Arbitrum and creating a snowball effect. The 3,000,000 ARB tokens from the DAO grant would be instrumental in achieving this. We need to build a solid foundation with the tortoise approach, but we also need more hares and a space where they can run without fear. Often, our impostor syndrome tells us that we can't achieve certain things, but why not? We have the resources, the talent, and the technology to keep innovating and position Arbitrum as a leader in long-term innovation. It's all about value.
Hello and thank you for your response and your comment. Following my principles, I will be 100% honest with the response I am about to give:
I agree with you on certain points. It is important to mention that Koryntia already has an MVP (Minimum Viable Product) at 80% and a substantial amount of code. However, my vision as a founder goes further, seeing the potential of Arbitrum on a personal level. For me, setting up an adequate structure wouldn't be a problem, as I am convinced that we can attract the best talent for this. I am confident that we have the capacity and determination to do it.
It is correct what you mention about our recent application in the Questbook grant program for $50k USD. I discovered later that I could make a more ambitious proposal and decided to bet on the vision I have for this DeFi industry, also integrating Bitcoin. This strategy is based on two additional products related to Bitcoin DeFi. Thus, we would have Koryntia in the short term, another product in the medium term, and another in the long term. These last two products have great potential in a market of 4 trillion dollars, like Bitcoin. In summary, we are betting heavily on Arbitrum and need all possible support.
It is well known that innovation is not cheap, but those who do not take risks do not gain. Not only would Koryntia be integrated, but two more brands would also be integrated, significantly increasing the flow in Arbitrum and creating a snowball effect. The 3,000,000 ARB tokens from the DAO grant would be instrumental in achieving this. We need to build a solid foundation with the tortoise approach, but we also need more hares and a space where they can run without fear. Often, our impostor syndrome tells us that we can't achieve certain things, but why not? We have the resources, the talent, and the technology to keep innovating and position Arbitrum as a leader in long-term innovation. It's all about value.
Let's say that the grant we are requesting is the tortoise, and the DAO proposal is the hare. We need both approaches to ensure solid and sustainable development. Your support and that of the community are crucial to making this vision a reality.
Thank you for your consideration, and I hope you can see the potential of our project and change your mind to support us.
I appreciate your perspective :pray:, but I assure you, my motivations extend beyond financial gain. Money is merely a tool to achieve our goals. It's a result of the value we bring to humanity. Feel free to ask any questions. Let's move forward with action. :slightly_smiling_face:
I sincerely thank you for your detailed analysis and for recognizing Koryntia’s ability to meet the critical needs of the DeFi market. Your vision indicates a deep and valuable understanding of the sector. I am at your disposal to further explore any aspect or resolve any doubts you may have. Constructive feedback is essential for us, as it drives us to continuously improve and validate that we are moving in the right direction.
Accessibility is undoubtedly the most critical aspect. We are committed to developing a solution that is understandable and usable by the general public, which is fundamental to bridging the gap between complex financial systems and everyday users. We rely on the usability, scalability, and methodology implemented in Arbitrum, which, with its layer-2 solutions, seeks to enhance Ethereum’s capabilities, offering faster and more economical transactions without compromising security. This aligns with our mission to make DeFi accessible and practical, thus promoting the widespread adoption of advanced blockchain technologies. :pray:
I sincerely thank you for your detailed analysis and for recognizing Koryntia’s ability to meet the critical needs of the DeFi market. Your vision indicates a deep and valuable understanding of the sector. I am at your disposal to further explore any aspect or resolve any doubts you may have. Constructive feedback is essential for us, as it drives us to continuously improve and validate that we are moving in the right direction.
Accessibility is undoubtedly the most critical aspect. We are committed to developing a solution that is understandable and usable by the general public, which is fundamental to bridging the gap between complex financial systems and everyday users. We rely on the usability, scalability, and methodology implemented in Arbitrum, which, with its layer-2 solutions, seeks to enhance Ethereum’s capabilities, offering faster and more economical transactions without compromising security. This aligns with our mission to make DeFi accessible and practical, thus promoting the widespread adoption of advanced blockchain technologies. :pray:
To be clear, is not against the rule to apply to more than 1 program. Technically, you can't apply at the same time for the same thing because is double dipping, but i also understand the camp saying "i don't know how is gonna give me the money so i go for all the possibilities i can see at once".
Just, is worth 1) disclosing 2) explain the (huge) spread.
Hello and gm.
I appreciate your proposal here, but feels like a couple of points could be clarified for others to chim in:
Hello and gm.
I appreciate your proposal here, but feels like a couple of points could be clarified for others to chim in:
To be clear, is not against the rule to apply to more than 1 program. Technically, you can't apply at the same time for the same thing because is double dipping, but i also understand the camp saying "i don't know how is gonna give me the money so i go for all the possibilities i can see at once".
Just, is worth 1) disclosing 2) explain the (huge) spread.
Hello and gm.
I appreciate your proposal here, but feels like a couple of points could be clarified for others to chim in:
Hello and gm.
I appreciate your proposal here, but feels like a couple of points could be clarified for others to chim in:
I think, the proposal identifies critical gaps in the current DeFi landscape and positions Koryntia as a solution. This demonstrates a strong understanding of the market needs and how the project can fulfill them.
I think, the proposal identifies critical gaps in the current DeFi landscape and positions Koryntia as a solution. This demonstrates a strong understanding of the market needs and how the project can fulfill them.
