Stellar Community Fund

By MUWPAY

MUWP - Unleash Stellar’s DeFi

SCF #26

$45.1K

Legacy v5.0 Activation Award

Awarded

Unleashing Stellar's DeFi potential with Soroban-powered cross-chain solutions.

Products & Services

MUWP stands for Multi Underlying Wrapped Payment. It's a new platform built on Stellar that uses Soroban smart contracts to make moving digital assets between different blockchains easier. Think of it as a bridge connecting various blockchains, allowing users to send and receive tokens effortlessly. This ultimately brings more resources (liquidity) into the Stellar ecosystem.

Who is MUWP for?

New Users: MUWP makes complex cross-chain transactions simple, letting beginners participate in DeFi (decentralized finance) without needing deep blockchain knowledge.

Experienced Users: MUWP offers advanced users improved security and efficiency. They can create custom trading paths and benefit from faster transactions.

Everyone: MUWP simplifies cross-chain transactions for all users. It's user-friendly but still leverages the power of Soroban's smart contracts.

Benefits of MUWP:

Easy to Use: No more complicated DeFi processes! MUWP makes it easy for anyone to move tokens between blockchains.

Safe and Efficient: MUWP uses Soroban's smart contracts for secure and fast transactions.

Liquidity Boost: As users and assets flow into Stellar for DeFi activities, overall liquidity in the ecosystem increases, benefiting all market participants.

DeFi Expansion: Introducing sophisticated DeFi operations on Stellar through MUWP and Soroban attracts a broader user base and developers interested in building DeFi applications.

More Decentralization: MUWP reduces reliance on centralized exchanges, making the overall financial system more independent.

How Does MUWP Work with Soroban? MUWP integrates with Stellar and leverages Soroban's smart contracts to improve DeFi on Stellar. Here's how it works for sending a single token from another blockchain (Blockchain X) to Stellar:

User Starts Transfer: You want to send Token A from Blockchain X to Stellar.

Deposit to Bridge: You deposit Token A into a special contract on Blockchain X. This contract confirms your deposit and starts the transfer process.

Validation and Locking: The contract checks the transaction and locks your tokens, ensuring they can't be used on Blockchain X anymore.

Issuing on Stellar: A matching amount of Token A (or a wrapped version) is created on Stellar by MUWP's Soroban smart contract. This might involve verifying the transfer through special programs called "oracles."

Tokens Arrive on Stellar: You receive the created tokens in your Stellar wallet, ready to be used within the Stellar ecosystem.

For now, MUWP focuses on single-token transfers. Multi-token swaps will be added later in our roadmap.

Existing Work: It's important to highlight that our team has already developed an MVP with a single-token feature and multi-token feature operational within EVM-compatible ecosystems. This existing framework establishes a solid foundation for our forthcoming development on Stellar. Upon release, we plan to leverage this pre-existing infrastructure to streamline liquidity transfer on Stellar. Initially, this will facilitate single-token transactions, with an expansion to multi-token transfers to follow (see roadmap below).

We invite you to experience our MVP firsthand at https://muwp.xyz/. Please note that the current design is tailored for functionality, primarily to enhance usability for our non-developer beta testers.

Requested Budget

$45.1K

Team

1) Gaël BOKONGO - CEO:

Gaël is the Co-Founder and CEO of Muwpay. He has a PhD in Financial Mathematics from the University of Minnesota and a BA in Finance from North Dakota State University. He also holds a Certificate of Alternative Finance from Harvard. With over a decade of experience in the energy market, Gaël honed his skills in commodities trading at ENGIE, a leading energy company, where he lived in 5 different countries including Turkey, Colombia, Singapore, France, and Italy. Additionally, he gained valuable experience working with major banks and stock exchanges such as The New York Stock Exchange, Bank of America, and BNP Paribas.

Apart from his financial background, Gaël is also a tech-entrepreneur and videographer who has traveled to 100+ countries, allowing him to gain a deep appreciation for world cultures. He founded EyesTale Studio, a production company that created content for renowned media companies such as Lonely Planet, National Geographyl and France Television.

In 2018, Gaël leveraged his professional background and passion for the crypto industry to create INGWAZ Studio, a WEB3 videogame company.

Linkedin : https://www.linkedin.com/in/gabbok/

2) Mohammed FRIHAT - CTO:

Mohamed is the co-founder and CTO of MUWPAY. He holds a PhD in Applied Mathematics from ENS Paris Saclay, a Master's degree in Mathematics from École Centrale Paris, a Master's degree in Finance from Paris Dauphine University and an MBA in Business Management & Administration from Sorbonne University.

With experience in various sectors such as gas, finance, and machine learning, Mohamed has worked with international companies like Gaztransport and Technigaz and has contributed to significant research centers such as CNRS. Over the last five years, he has focused on WEB3.0 and excelled in various projects in DeFi and NFT on multiple blockchains, including Ethereum, BSC, and Tezos.

Mohamed has a deep passion for different fields of mathematics. From financial mathematics to operational research, from fundamental Mathematics to applied mathematics and scientific computing Mohamed wanted to learn them all to solve real-world problems. As a result, Mohamed has a combined academic background in scientific computing (Master degree at @CentraleSupélec), applied mathematics (PhD at @École normale supérieure Paris-Saclay), Economics and Finance (Master Degree at @Université Paris Dauphine - PSL), Financial Mathematics (master’s degree at @Université Paris Cité) and MBA (@IAE Paris - Sorbonne Business School).At the start of his career, Mohamed worked as a data scientist at @Banque International Arabe de Tunisie.

After that, Mohamed joined a Tunisian Industrial Group as an operational researcher for 4 years in order to optimize complex production processes using mathematical models, and Gaztransport & Technigaz (GTT) for 5 years as the R&D Researcher and Scientific Computing Engineer where he studied a very complicated physical problem “Sloshing” using both numerical simulations and experimental investigations. Moreover, Mohamed worked as a researcher on pricing models at different universities: he studied the local stochastic volatility models “LSV” at LPSM Laboratory (Pierre and Marie Curie University) and the martingale optimal transport problem at CEREMADE Laboratory (Dauphine-PSL university).

Since 4 years ago, Mohamed has participated in DeFi projects, NFT marketplace projects, and P2E gaming projects as blockchain developer and researcher. Since April 2022, Mohamed has been Co-Head of DeFi at @PyratzLabs to build the DeFi Labs

Linkedin: https://www.linkedin.com/in/mohamed-frihat-53a191201/

3) Xavier GOMEZ - COO:

Xavier is the co-founder and COO of MUWPAY, where he leverages his expertise in finance and fintech to drive the company's growth and success. He holds a Master's degree in Finance from the ISC and has also earned specialized certifications in Fintech (2016) and Cryptocurrency (2021) from the prestigious Massachusetts Institute of Technology (MIT). He further honed his skills in private equity by graduating from HEC Paris.Before joining MUWPAY, Xavier co-founded INVYO, a cutting-edge data management start-up that employs machine learning and Natural Language Processing (NLP) to unlock the potential of big data in finance.

He also served as a global multi-asset portfolio manager at Pictet & Cie, where he was responsible for global asset allocation and the implementation of European regulations (MIFID and FATCA). In his previous role as a Director and global banker at Credit Suisse, Xavier oversaw the operations of various departments in Investment Banking and Wealth Management, including Trading in London, Sales & Trading in Derivatives in Switzerland, and treasurer (Basle III) in Credit Suisse with operations in Geneva, London, Paris, and Zurich.

Xavier is a sought-after speaker in the fintech industry and is considered a global fintech influencer by Onalytica and Refinitiv. He frequently participates in prestigious fintech events such as the Paris Fintech Forum, Finovate Europe, Finnovation Africa, Open Banking World Congress, etc.

Linkedin: https://www.linkedin.com/in/xavier-gomez-xg/

4) Dhruv MALIK :

Dhruv is a Solution Architect and Backend Developer at MUWPAY. He holds a master's degree in cybersecurity from École Polytechnique and has gained extensive experience over the past three years working on various projects in the web3 space (e.g. Request , Equisafe , newOrder DAO , Baseline protocol and D/labs). Dhruv's expertise spans across public and permissioned blockchains, where he has excelled in smart contract development, technical writing, audits, and MVP dapp creation.

Outside of his primary responsibilities, Dhruv is an active member of the web3 developer community ecosystem with his role as leader of the Polygon France guild and contributor to the Kernel Block community. Dhruv spends his free time participating in blockchain related events and has won some such as the ethglobal hackmoney and gitcoin hackathons.

He is also an avid researcher and stays abreast of the latest developments in web3 technology such as ZkProof, ML use cases and DeFi adoption cases. He actively contributes to open-source projects and is committed to driving innovation in the blockchain industry.

Linkedin: https://www.linkedin.com/in/dhruvthegr8/

5) Mélissandre MONATUS:

Mélissandre is the co-founder and CMO of MUWPAY. She has a diverse background in applied sciences for automated systems, marketing and media/communication.

She spent more than 15 years working in marketing, communication, media and events at an international level, including 8 years in London where she worked for major video game publishers such as Activision Blizzard, Capcom, power tool manufacturers (Black&Decker) and media companies (DDB Agency).

She then continued her experience in Paris mainly in the indie video game industry working on MOBA games, the esport field and within indie studios for the European and African markets.

Since 2019, she has been teaching marketing, business, and event management in high schools. In 2021, she continues her work within the WEB3 industry in the field of video games and fintech.

6) Cédric MAGNE:

After many years in e-commerce, Cédric accessed the Blockchain fields in early 2019, working on NFT marketing projects developing smart contracts on Ethereum, Solidity and Javascript. He acquired skills on Cloud architectures, he also became a DeFi specialist on TypeScript, NextJs, Tailwindcss, Web3.js / Ethers.js, Truffle / Hardhat, Google Cloud.