Stellar Community Fund

By Globachain

Making money move on Stellar

SCF #36

$89.0K

Build

Awarded

Our platform will be a next-generation API first stablecoin payment solution, designed to revolutionize cross-border transactions between Africa, Europe, and beyond

Products & Services

Privy-Powered Stellar Wallet
- What’s New: We’re integrating Privy’s wallet SDK to replace our custom build, accelerating time-to-market and strengthening key management with HSM-backed encryption.
- Benefit: Users enjoy seamless account creation, secure key custody, and native Stellar address recovery—all out of the box.
SEP-6 Fiat On/Off-Ramp Integration
- What’s Improved: Building direct SEP-6 deposit and withdrawal flows with licensed Stellar Anchors (USDC, EUROC, NGNC, AUDD) and AI-driven routing to optimize liquidity across multiple anchors.
- Benefit: Businesses convert fiat to stablecoins (and back) with minimal friction, competitive rates, and automated KYC triggers.
Secure Payment & Reporting APIs
- What’s Added: A robust Node.js/Express API gateway that orchestrates Horizon calls, Privy transaction signing, and real-time Webhook notifications.
- Benefit: Developers can integrate payments in hours—not weeks—while compliance and audit logs are captured on-chain for full transparency.
Multi-Asset Wallet & Yield Module
- What’s New: Trustline support for multiple Stellar assets (USDC, EUROC, NGNC, AUDD) plus automated liquidity-pool staking via Stellar Liquidity Pools.
- Benefit: Users hold, transact, and earn yield on idle balances—turning static funds into productive assets.

Soroban

Maybe in the future, but not in this submission

Requested Budget

$89.0K

Success Criteria

Developer Adoption: 500+ GitHub stars, 50+ forks of open-source components within 6 months
Transaction Volume: Process $ 10M+ in cross-border payments within 3 months of mainnet launch
API Usage: 100+ active developers using our open-source SDKs
Anchor Partnerships: Successful integration with 5+ Stellar anchors
Compliance Success: 95%+ KYC pass rate with <2% false positives

Go-To-Market Plan

1. Strategic Launch Markets

Primary focus: Nigeria, Ghana, Kenya, South Africa (high remittance & trade corridors)
Secondary expansion: Europe-based diaspora and SME corridors (UK, Germany, Netherlands)

2. Key Customer Segments

SMEs & Exporters: Looking for affordable, faster B2B international payments.
HNWIs & Diaspora Communities: Seeking stablecoin rails for remittances and wealth preservation.
Enterprise Merchants: Global brands needing programmable receivables and treasury solutions.
Government & Agencies: Tax collection, fund disbursement, and FX transparency use cases.

3. Distribution Channels

A. Direct Sales & Partnerships

Onboard 5+ anchor merchants (e.g. import/export firms, aggregators) with access to >500 downstream SMEs.
Partner with fintechs & mobile money operators to power cross-border settlements.
Leverage signed LOIs with Ecobank, and ongoing bank pilots.

B. B2B2C Onboarding via Wallet & API Infrastructure

Launch white-label wallets using Privy + Stellar SEP-6 flows.
Offer embedded finance APIs for enterprise clients with referral incentives.

C. Community & Developer Ecosystem

Run 3 hackathons across Lagos, Nairobi, and Cape Town focused on Stellar integrations and Globachain SDK usage.
Open developer bounty program for integrations (e.g., merchant plugins, ERP tools).

4. Marketing & Awareness

A. Institutional & Influencer Campaigns

Host high-credibility panel sessions at events (e.g. Africa Money & DeFi Summits, Crypto@Scale)
Work with regional fintech influencers & operators to amplify use cases and user testimonials.

B. Content & PR

Launch monthly “Corridor Reports” showing fees saved using Globachain vs. banks.
Publish case studies with key partners like Hublot and Krispy Kreme.

C. Paid & Organic Channels

Targeted social ads focused on diaspora and B2B exporters.
Weekly Twitter Spaces + LinkedIn Thought Leadership on real-world blockchain payments.

5. Metrics for Success

200+ onboarded SMEs within 6 months.
$25M+ in monthly stablecoin volume processed.
$500K+ annualized revenue from transaction fees.
3 Stellar ecosystem integrations (anchors, wallets, or protocols) launched.
Developer community of 300+ engineers engaged through open tooling and events.

Traction Evidence

Globachain previously won an award on building a merchant services platform which is now live and has integrated stellar. Live link: https://merchant.globachain.com/

https://merchant.globachain.com/payments

Last Month Volume $2.47M across OTC, Swaps and Merchant

All Time Volume (10 months) $40M

B2B Clients 102

B2C Clients all time 887

https://dappradar.com/dapp/globachain-dapp

https://drive.google.com/drive/folders/1Lg3RvaJ_JU3m3OmKyPue1dEPGQ-Rks0o?usp=sharing

Tranche 1 (Deliverable Roadmap) - MVP

Phase 1: KYC/KYB Infrastructure & Wallet Foundation

Deliverable: Develop secure Stellar HD wallet with:
- Ed25519 key pair generation using BIP-44 derivation paths
- Multi-signature architecture supporting 2-of-3 threshold accounts via Stellar's native multi-sig
- SEP-2 (Federation Protocol) implementation for username@globachain.com addresses
- Integrated Sumsub KYC/KYB flows with SEP-12 compliance protocol
- Transaction envelope construction with proper sequence number management
Stellar Integration:
- Stellar account creation with 1 XLM minimum balance handling
- Memo fields (MEMO_HASH) for KYC reference linking
- SEP-10 (Web Authentication) JWT implementation for secure wallet access
Success Criteria: 95% KYC pass rate within 5 minutes, 1,000 verified wallets created on testnet.
Timeline: 3 weeks
Budget: $6500
Team: 3 developers (1 blockchain, 1 backend, 1 compliance specialist)

Phase 2: Core API Development & Authentication

Deliverable: Security-first API gateway with:
- OAuth2/JWT implementation integrated with SEP-10 Stellar key verification
- Direct Horizon API integration for account queries and transaction submission
- Transaction builder service with fee estimation using fee_stats endpoint
- Path payment discovery using Horizon's /paths endpoints
- Rate limiting and OpenAPI 3.0 specification with Stellar-specific endpoints
Stellar Integration:
- Transaction simulation using Horizon's /transactions/simulate
- Automatic retry mechanism with exponential backoff for failed submissions
Success Criteria: API endpoints fully documented, passing 100% security tests, <500ms average response time under 100 RPS load.
Timeline: 3 weeks
Budget: $5,500
Team: 3 developers (2 backend, 1 security specialist)

Phase 3: Banking Rails Research & Integration Planning

Deliverable: Technical specifications for anchor integrations including:
- SEP-24 (Interactive Anchor/Wallet Asset Transfer) implementation plan
- SEP-31 (Cross-Border Payments) architecture for direct rails
- Partner selection with Bridge, Rail, and Fincra mapped to Stellar anchor protocols
- Regulatory mapping for EU, UK, USA, and Nigeria with SEP-12 compliance flows
Stellar Integration: Analysis of existing Stellar anchors (MoneyGram Access, Vibrant, etc.)
- SEP-38 (Quote) protocol design for real-time exchange rates
- Multi-anchor routing strategy for optimal rates and redundancy
- assessment of anchor partners.
Success Criteria: Signed agreement with one anchor partner, documented plan for fiat on-ramp, and Stellar anchor SDK readiness.
Timeline: 2 weeks
Budget: $5,000
Team: 3 developers (1 banking specialist, 1 compliance, 1 backend)

Phase 4: Initial Banking Rails Integration

Deliverable: Multi-provider banking rail implementation with:
- SEP-24 interactive flow for KYC and deposit/withdrawal
- SEP-6 (Deposit/Withdrawal) support for programmatic transfers
- Trustline management for USDC, EURC, and regional stablecoins
- Stellar DEX integration for automated fiat-stablecoin conversion
- Claimable balances for failed transaction recovery
Stellar Integration:
Transaction signing service with Privy custody integration
Path payment implementation for optimal currency conversion
Strict send/receive operations for guaranteed amounts
Success Criteria: 100+ fiat on-ramp transactions completed with detailed logs; latency under 2s for 90% of flows.
Timeline: 4 weeks
Budget: $8,000
Team: 3 developers (1 banking specialist, 1 blockchain, 1 backend)

Tranche 2 (Deliverable Roadmap) - Testnet

Phase 5: Comprehensive Security Implementation

Deliverable: Enhanced security layer featuring:
- 2FA integration with SEP-10 authentication
- Transaction simulation and validation before submission
- Multi-signature coordinator for time-locked escrow operations
- Stellar account sponsorship for zero-balance user accounts
- Suspicious activity monitoring with on-chain analysis
Stellar Integration:
Implementation of sponsored reserves (SEP-33)
Complex multi-operation transaction building
Fee bump transactions for stuck operations
Success Criteria: External audit passed, 0 high/critical issues, penetration test coverage above 95%.
Timeline: 3 weeks
Budget: $10,000
Team: 4 developers (2 security specialists, 1 blockchain, 1 backend)

Phase 6: Monitoring Dashboard & Compliance Reporting

Deliverable: Real-time monitoring system with:
Horizon event streaming for all account operations
Ledger-level transaction reconciliation
SEP-12 compliance dashboard for KYC status tracking
- Automated SEP-31 transaction reporting
- Stellar network health monitoring
Stellar Integration:
Integration with Stellar Expert for network statistics
Custom Horizon queries for compliance reporting
Operation history tracking with full audit trail
Success Criteria: End-to-end visibility of all transactions with configurable alerts and reporting templates.
Timeline: 3 weeks
Budget: $6,000
Team: 3 developers (1 frontend, 1 backend, 1 compliance specialist)
Target: Q3 2025

Phase 7: Extended Wallet Features & Yield Pools

Deliverable: Advanced wallet features including:
Multi-asset wallet with automatic trustline management
Integration with Stellar AMM liquidity pools
Path payment optimization for best rates across DEX
Yield simulation using Stellar's liquidity pool reward

Stellar Integration:

Liquidity pool deposit/withdrawal operations
Passive offer creation for yield generation
Success Criteria: 3+ stablecoins supported with yield simulation, 100 simulated yield TXs, daily APR projection accuracy within 3%.
Timeline: 3 weeks
Budget: $7,000
Team: 3 developers (2 blockchain specialists, 1 backend)
Target: Q3 2025

Phase 8: Expanded Banking Rails & Multi-Stablecoin Support

Deliverable: Enhanced multi-asset support with:
Integration with regional stablecoins (NGNC, AUDD, EUROC, BRLC)
SEP-24/31 implementation for 3 additional anchor partners
Multi-path payment splitting for large transactions
Anchor health monitoring and automatic failover
Cross-anchor rate comparison engine

Stellar Integration:
- Implementation of Stellar DEX for multi-asset trades and anchor SDK integration.
- Complex path payment calculations across multiple assets
- Anchor-specific asset verification via SEP-1 TOML files
Success Criteria: 5 stablecoins live, 3 fiat rails tested with simulated volume >$100K; test report validated.
Timeline: 3 weeks
Budget: $7,000
Team: 3 developers (1 banking specialist, 2 blockchain)

Target: Q3 2025

Tranche 3 (Deliverable Roadmap) - Mainnet

Phase 9: Third-Party Security Audit

Deliverable: Comprehensive security audit including:
- Review of all SEP protocol implementations
- Stellar-specific security assessment (key management, multi-sig setup)
Stellar Integration:
- Validation of all Horizon API usage patterns
- Review of transaction construction and signing procedures
- Anchor integration security assessment
Success Criteria: No unresolved high/medium vulnerabilities, signed audit report published, red-team test validated.
Timeline: 3 weeks
Budget: $10,000
Team: 2 developers (1 security specialist, 1 blockchain) + External Auditor
Target: Q4 2025

Phase 10: Testnet-to-Mainnet Transition & Regulatory Compliance Review

Deliverable: Production migration plan featuring:
- Stellar mainnet configuration with multi-Horizon endpoints
- Production anchor agreements and API keys
- Network topology setup for global operations
- Regulatory compliance verification for all jurisdictions
- Disaster recovery procedures for key management
Stellar Integration:
Mainnet asset issuer verification
Production federation server deployment
Stellar Core watcher node configuration
Success Criteria: Compliance approval documented, migration stress test completed with rollback time under 2 minutes.
Timeline: 2 weeks
Budget: $6,000
Team: 3 developers (1 compliance specialist, 1 blockchain, 1 DevOps)
Target: Q4 2025

Phase 11: Mainnet Launch & Monitoring Setup

Deliverable: Production deployment including:
- Phased regional rollout on Stellar mainnet
- Integration with production Stellar anchors
- Real-time monitoring with Horizon event streaming
- Automated market maker deployment for liquidity
- Public network status page

Stellar Integration:

Live integration with Stellar validators
Production path payment routing
Mainnet liquidity pool integration
Success Criteria: Platform operational at 99.9% uptime for 30 days, active alerts integrated with BetterStack dashboards.
Timeline: 2 weeks
Budget: $8,000
Team: 3 developers (1 DevOps, 1 security, 1 blockchain)
Target: Q4 2025

Phase 12: Enterprise API Expansion & Partner Onboarding

Deliverable: Extended API features including:
- Webhooks for all Stellar operations
- White-label wallet SDK with SEP compliance
- Partner integration dashboard
- Advanced reporting with Stellar network analytics
- Developer documentation and video tutorials

Stellar Integration:

Custom Horizon queries for enterprise reporting
Batch operation support for high-volume partners
Dedicated anchor connections for enterprise clients
Success Criteria: 1 enterprise client integrated via sandbox → mainnet; 100+ transactions processed; client testimonial collected.
Timeline: 6 weeks
Budget: $10,000
Team: 4 developers (2 backend, 1 frontend, 1 technical writer)
Target: Q4 2025

Team

The team exhibits a well-rounded and synergistic dynamic, blending visionary leadership, technical prowess, operational excellence, and legal expertise:

Visionary Leadership: Cairon Clarke, our CEO, guides the overall strategic direction of the company. His forward-thinking approach and deep understanding of the blockchain landscape help align the team’s goals with market opportunities. Cairon’s active involvement in community projects, as reflected on his GitHub profile, underscores his commitment to innovation and transparency.
Technical Excellence: With Oluchi Charity as CTO, the team benefits from her strong technical background and hands-on experience in blockchain development. Her contributions on GitHub demonstrate a deep commitment to building robust, scalable solutions, ensuring that our platform stays at the cutting edge of technology.
Operational Efficiency: Kola Andoyi, the COO, provides the operational backbone that drives execution. His expertise in managing day-to-day operations ensures that strategic initiatives are implemented effectively, maintaining alignment across the team and optimizing processes to support rapid growth.
Legal & Compliance Strength: Zeeshan Uppal, serving as CLO, offers crucial oversight on regulatory matters and legal strategy. His guidance helps navigate the complex legal landscape of the blockchain industry, ensuring that the company’s operations remain compliant and secure.