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Our Product:
With Pluto Loans, users can deposit yield-producing collateral and get a loan of their future yield immediately. No liquidation risks. The loan debt is time-based and self-repaying. Now we are working in new bussines model PlutoLoans B2B.
Soroban will augment PlutoLoans functionality by allowing:
1) Loan closure after it has ben self-paid without user intervention
2) Protect the users collateral capital in case of yUSDC loss of value by trading the collateral amount in the loan vault for a stable coin
The Problem:
The Opportunity:
We have met all the milestones that we committed to in SCF #10 where the community supported and gave us their vote of confidence.
. We finished and launched the product in beta version.
. We made demos with NON-CRYPTO users and got feedback.
. We work with members of the Stellar community to get feedback.
. We recruit people to the team
. We work on the feedback we get.
. We work on security using Auth0
. We began working with the community to evaluate integration possibilities (Beans, Anclap, Elsa Care, Komet Pay, Alfred pay, Xbull, etc.)
We have been working with the community and other entrepreneurs who helped us find a new path that will allow us to take PlutoLoans to another level. Our effort will be aimed at seeking new commercial agreements with other Stellar projects that already have users and want to offer personal loans without barriers. In this way we can together provide a better user experience and also provide them with more opportunities.
In order to achieve these new agreements, we must carry out several integration works that allow projects and users to access PlutoLoans loans in a simple, agile and secure way.
What we are working on:
We have been working with the community and other entrepreneurs who helped us find a new path that will allow us to take PlutoLoans to another level. Our effort will be aimed at seeking new commercial agreements with other Stellar projects that already have users and want to offer personal loans without barriers. In this way we can together provide a better user experience and also provide them with more opportunities.
In order to carry out PlutoLoans B2B, we must carry out several integration tasks that allow projects and users to access PlutoLoans loans in a simple, agile and secure way.
1. Develop an SDK that will allow all Stellar Wallets to integrate our product in a simple way, in addition to carrying out the necessary documentation, we will have a specific channel on DISCORD for any questions that may arise in it. Additionally, we have been working with the Wallets to define the necessary agreements for integration. (Attached "API SDF - WorkPlan.jpg")
2. Develop a NON-CRIPTO USER solution. Where users without knowing how PlutoLoans works can take a self-paid loan only by making a bank transfer. In order to carry out this operation, we are working on the integration with ANCLAP that will allow us to have our product available in Argentina, Colombia, Peru and soon in other countries in the region. We have started this work in February 2023, for which we have advanced with part of the plan. (Attached "ANCLAP integration - WorkPlan.jpg").
3. Develop smart contracts in SOROBAN that make the operation with PlutoLoans more secure. (Attached "SOROBAN - WorkPlan.jpg")
3.1. It would allow the collateral to be automatically returned once it reaches maturity. In this way, the user will be able to take the loan without the need to pre-cancel it and when it has been paid, only the collateral will be sent to the origin account.
3.2. PlutoLoans safeguards the collateral of the loans in YUSDC (https://ultrastellar.com/assets/yusdc) and as a security measure we want that in the event that the YUSDC loses parity with USDC, the YUSDC will automatically be exchanged for USDC without requiring intervention of the user.
4. Work together with legal teams in the countries where we will launch PlutoLoans in order to comply with local rules and regulations.
5. Develop a marketing strategy that allows us to scale the number of users in a sustainable way. Some of our pillars are:
. Loans guaranteed by us for education on Stellar
. Loans guaranteed by us for donation
. Secured loans in conjunction with Wallets for new Stellar users
With Pluto Loans, users can deposit yield-producing collateral and get a loan of their future yield immediately. No liquidation risks. The loan debt is time-based and self-repaying. Now we are working in new bussines model PlutoLoans B2B.
In order to carry out PlutoLoans B2B, we must carry out several integration tasks that allow projects and users to access PlutoLoans loans in a simple, agile and secure way.
API SDK Wallet
Develop an SDK that will allow all Stellar Wallets to integrate our product in a simple way, in addition to carrying out the necessary documentation, we will have a specific channel on DISCORD for any questions that may arise in it. Additionally, we have been working with the Wallets to define the necessary agreements for integration. (Attached "API SDF - WorkPlan.jpg”).The proposed objective of having the SDK working on May-14 is 100% resolved now we are working on the development of the demo for May-29. Additionally we are working on API SDK - Package Testing we are at 90% progress and today we have published an online module to see it.ANCLAP-Integration
Develop a NON-CRIPTO USER solution. Where users without knowing how PlutoLoans works can take a self-paid loan only by making a bank transfer. In order to carry out this operation, we are working on the integration with ANCLAP that will allow us to have our product available in Argentina, Colombia, Peru and soon in other countries in the region. We have started this work in February 2023, for which we have advanced with part of the plan. (Attached "ANCLAP integration - WorkPlan.jpg”).The proposed objective of having the workflows and the interface on May-14 we have completed it satisfactorily. In addition to this we have made progress with development and we are at 80% progress.
Anyone can check the progress on these points since everything is published online. Here I will detail in the best possible way about each of the deliverables how to do it.
API SDK Wallet
. Github https://github.com/PlutoDAO/loans-sdk
Here you can see the code made and all the information relevant to the development of the solution. Additionally you can find the readme to see the instructions to use it. https://github.com/PlutoDAO/loans-sdk/blob/main/README.md
. DEMO:
We are working to conclude with this demo it will be finished on May-29. Here I leave the first developed examples. https://plutodao.github.io/loans-sdk-demo/
. Discord Channel #wallet-integration
A discord channel so we can work together with the community and help them integrate our PlutoLoans B2B product into their wallets. https://discord.gg/TzWpFV5qwa
ANCLAP-Integration
. Swagger: Interaction with the anchor in testnet through the swagger endpoints.https://anclap-integration-zsfwc.ondigitalocean.app/swagger/index.html. Figma: Prototype UX/UI. https://www.figma.com/file/lLLKcUWLLyhFh0Til06Mta/Pluto-Anclap-Integration?type=design&node-id=0%3A1&t=I6rfIH04jbVhRTBm-1
Miguel Rienzi
General Manager / Operations
https://www.linkedin.com/in/kelocc/
20+ years working in digital projects in Argentina, México, Uruguay and Spain. Being part of and managing multidisciplinary teams (marketing, tech, administration, finance, etc). Fulfilling different roles, both technical (analyst, solutions architect) or commercial (account executive, project manager), as well as performing the role of “Cebador de mates” (mate brewer).
Over the past few years, I have doubled-down in the development of tech businesses, I have successfully launched www.smarttrack.com.ar; www.smart-bus.com.ar as well as being a partner of www.fanplayr.com.
Hernán Peralta
Software Engineer
https://www.linkedin.com/in/hernan-peralta/
Mauricio Genebrieres
Software Engineer
https://www.linkedin.com/in/mauricio-genebrieres/
Viktor Agustín Luzny
Software Engineer
https://www.linkedin.com/in/viktor-agust%C3%ADn-luzny-41529617a/
Gonzalo Altamarino
Software Engineer
https://www.linkedin.com/in/gonzalo-altamirano-7b6047137/
Martin Cayssials
Advisor - Economics
https://www.linkedin.com/in/mart%C3%ADn-cayssials-389503183/
Estanislao Villamarin
Community Manager
https://www.linkedin.com/in/lao-villamarin-557856148/
Ana María Rodriguez Rivera
Software Engineer
https://ar.linkedin.com/in/anamaria-rodriguez-rivera
Fabricio Leonardo Sodano
Advisor - Lead Software Engineer
https://www.linkedin.com/in/fsodano/
15+ years of experience in Software Engineering, including managing teams of 100+ around the globe across Product Engineering, QA, Platforms, Mobile, Data and Security, with experience managing multi million dollar tech budgets, currently working in the FinTech industry. Founder of argentinaprograma.com, a free online course for people in Argentina with an active community of ~5k+ students who regularly connect with each other on Slack, where I also run small paid internships for students to be able to get their first job in the industry.
Regarding my experience with Stellar:
Federico Perez Jacomet
Advisor - Marketing Strategist
https://www.linkedin.com/in/fedeperezjacomet/
The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has been awarded to the project in XLM. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.