Energy
re: TFH Grants
08/28/24
re: TFH Grants
08/28/24
Three sentence description of the problem, what you're building, and how it will help the Worldcoin Network.
The most important and widely adopted applications of blockchain are self-sovereign financial networks in which users store & exchange value based on networked identities or shared ideals. These networks—like brands—are supposed to succeed or fail based on how real people are engaging with them—but as they've become more accessible and more successful—they've grown overrun with sophisticated bots that mimick the activity of humans in order to fake token distributions, capture airdrops, and execute pump and dumps.
I'm building a unit of account called Energy that all verified humans can spend onchain at a rate of 365 units per year, with an accompanying marketplace where verified humans can spend their Energy to participate in token distributions.
Energy will give non-cryptonative users an intuitive, completely free & fraud-proof way to build and participate in mission-aligned, self-sovereign financial networks, built entirely native to World ID and the World App.
What's your background / ability to build it?
Extensive smart contract experience on Solana, including onchain messaging forums, bonding curves from scratch, and user contact graphs.
I've also designed novel financial products that are in production off-chain. I built a pricing model and simulation application that's been used to deploy $10m+ in variable lending agreements to owners of late-stage startup equity.
Misc: Built an interactive Discord game used >100k times for my friend's retro-PC-themed NFT, Tojiba CPU Corp. Built/designed an iOS app for ephemeral Snapchat groups in 2020.
Expected timeline / milestones
Milestones:
- Build sample app for generating and validating World ID proofs on-chain (done)
- Test state infusion into World ID proofs (done)
- Implement Energy tracking & spending in smart contract (done)
- Make reference product designs (done)
- Design initial economics for token distributions via Energy transfers (wip)
- Implement Energy token markets in smart contract (todo)
- Build backend for submitting user-verified proofs in txns (todo)
- Build frontend for browsing Energy markets and making transfers (todo)
Ready for launch alongside World App mini-apps in Q4 2024—or follow-on depending on mini-app launch timing—by EOY 2024 either way.
What's your current progress?
Mostly outlined in milestones above. Linked above:
- Sample app for generating and validating World ID proofs on-chain (I use this to make proofs that get verified in my Forge env)
- Reference implementation for Energy contract
- Reference product designs
Spoken with a ~dozen people who work full-time on either Worldcoin, Optimism, Ethereum Foundation, and/or early-stage funding. Spoken with Worldcoin users from Argentina, Japan, and the US.
What's your plan to support the project after the grant funding is exhausted?
Fundraise
Grant request size (USD)
$25k
Artifacts
Already mentioned above:
- Sample app for generating and validating World ID proofs on-chain (I use this to make proofs that get verified in my Forge env)
- Reference implementation for Energy contract
- Reference product designs
More writing:
Links: