Stellar Community Fund

By Trustless Work

Escrow-as-a-service platform on Soroban

SCF #31

$70.0K

Build

Awarded

Trustless Work provides decentralized escrow services for secure B2B, e-commerce, and marketplace transactions, simplifying payments without intermediaries.

Products & Services

Trustless Work is an Escrow-as-a-Service (EaaS) platform designed to facilitate secure, transparent, and decentralized transactions across industries. Built on Stellar's Soroban smart contract platform, it allows users to securely hold funds, release payments based on pre-agreed milestones, and manage disputes efficiently. The platform offers open APIs that developers can integrate into their applications to enable trustless transactions, making it ideal for marketplaces, B2B payments, real estate deals, e-commerce platforms, and businesses requiring deposit management. Trustless Work's open-source smart contracts and modular architecture allow easy customization to suit different use cases.

Soroban

Yes

Requested Budget

$70.0K

Success Criteria

MVP Completed: Core escrow smart contracts successfully deployed on Stellar testnet with at least 10 beta users providing positive feedback.
Testnet Integration: Full integration of Trustless Work API with Stellar Anchors, with successful test transactions and partner feedback.
Mainnet Launch: Trustless Work fully operational on Stellar mainnet, achieving at least 100 real-world transactions in the first three months, and onboarding key early partners.

Go-To-Market Plan

We will leverage early partnerships in the legal tech and banking sectors to drive initial adoption, focusing on customer-funded growth.

We will sponsor hackathons to attract developers and build traction among web3 communities.

Our API-first approach aims to provide developer-friendly tools to facilitate easy integration for e-commerce platforms, marketplaces, and B2B businesses, ensuring rapid adoption through partner networks. Additionally, we will create educational content and conduct outreach campaigns to educate businesses on the benefits of decentralized escrow services.

We will be leveraging Open Source development platform like Only Dust to build Open Source tools like escrow viewers, template contracts & dev tools to attract developers and platforms who integrate our services. .

Traction Evidence

DraperU-Stellar Astro Hacker House: succesfully completed DraperU Astro HAcker house program, getting valuable feedback on our product idea.
Beta testing: Recently Sponsored a hackathon (oct 2024) that resulted in 7 dev teams building solutions for agriculture, mobility, real estate, marketing and privacy with our API V0.1.
User Discovery Interviews: Conducted 15+ interviews with potential customers in sectors like marketplaces, legal tech, and banking, providing evidence of demand and product-market fit.
Partnerships: Established collaboration with early reference customers in legal tech and banking to battle-test escrow solutions in real-world scenarios.
DraperU-Stellar Embark program: Accepted into DraperU-Stellar Embark program to accelerate our MVP development and GTM.

Tranche 1 (Deliverable Roadmap) - MVP

Deliverable : Develop core escrow smart contracts on Soroban to support basic escrow use cases (milestone-based payments, fund locking).
- How to Measure Completion: Deployment of Soroban contracts on Stellar testnet with documentation.
- Estimated Date of Completion: January 2025.
- Budget: $30,000 in XLM.

Tranche 2 (Deliverable Roadmap) - Testnet

Deliverable 2: Integrate Trustless Work API with Stellar Anchors for on/off ramps, implement basic user interface for escrow creation.

How to Measure Completion: Successful test transactions on Stellar testnet, user feedback, and functional integration with Anchors.
Estimated Date of Completion: March 2025.
Budget: Non-monetary (Access to Stellar LaunchKit)

Tranche 3 (Deliverable Roadmap) - Mainnet

Deliverable 3: Launch Trustless Work platform on Stellar mainnet, including USDC support and on/off ramps integrations.

How to Measure Completion: Public deployment on Stellar mainnet with functioning API and smart contracts, open-source availability.
Estimated Date of Completion: May 2025.
Budget: $40,000 in XLM.

Team

We are 4 in total, 3 devs and 1 product manager, we met on a web3 dev community. Alberto (PM) has a lot of experience leading products from scratch, and has been on the web3 and blockchain space since 2020. Devsare OS contributors on Ony Dust.