Phase 1 Platform build

• Description: Develop front and back-end features to have a fully functional website and/or mobile app working. Build, test and deploy blockchain functionalities such as wallet connection, smart contract liquidity pool, dashboarding, on-chain and off-chain settlement where applicable. Complete all necessary partnership and blockchain integration in Web2 and Web3 settings to have onboarding and transaction experience streamlined.  All ecosystem participants including users, partners, investors, regulators and the community can easily understand our product, value prop and transact themselves with minimal support needed or complaint.
• Timeline: 0 - 6 months
• Budget: $200000, Stellar Foundation Community Fund, founder bootstrapping

 

Phase 2 Asset Partnerships

• Description: Form key asset partnership to bring Web2 yield-bearing assets onto blockchain. Look for high quality underserved projects in developed and developing markets that produce 5% to 20% APY. Except for US treasury bills, all other assets need high quality collateral to reduce risk and assure investors or liquidity providers. Identify and reach agreement with one or two companies as launch partners, and build 10-20 asset companies in the pipeline. All asset partnerships are secured with proper legal paperwork under the applicable jurisdictions. We have a QA and due diligence process built in liquidity sourcing to reduce any risk and threats to our reputation. 
• Timeline: 2 - 18 months, already identified two asset companies as launch partners.
• Budget: $200000, Stellar Community/Matching Fund, other grants, early stage VC

 

Phase 3 Liquidity partnerships

• Description: after asset partnerships are formed and tokenized RWA assets are generating yield, we need to aggressively seek liquidity partnerships and find capital to match with the assets and their funding needs. Svim Finance will spend our budget on marketing campaigns, sponsor events, direct sell, and leverage other partners, agencies and relevant resources to secure liquidity in Web2 and Web3 worlds. Aim to have 50-100 liquidity sources in the pipeline secured by proper paperwork. We also have a QA and due diligence process built in liquidity sourcing to reduce any risk and threats to our reputation. 
• Timeline: 3-24 months
• Budget: $200000, Stellar Foundation Matching/Enterprise Fund, other grants, mid-stage VC

 

Phase 4 Product, assets, and geography expansion

• Description: For our credit based product, we will expand to related product variations while still leveraging our core front and back end platform functionalities. Meanwhile, we will also aggressively expand to different geographic markets and industry segments. This is to scale our transaction volume, TVL and revenues for our treasury, investors and ecosystem participants. We’ll also develop and build non-credit products with business or technology innovations to level up to the next frontiers of TradFi and DeFi convergence. Innovation examples include RWA-backed stablecoins, secondary market trading, asset management, and white label B2B services. 
• Timeline: 18 - 30 months
• Budget: $500000, Stellar Enterprise Fund, other grants, mid-stage VC

 

Phase 5 Token issuance & listing

• Description: To incentivize Svim FInance community, partners, investors and all contributing parties, we plan to issue a utility token and list it on decentralized exchanges (DEX) and top centralized exchanges (CEX). The utility token will have a suite of benefits including governance, voting, staking rewards, fee discount, asset origination, liquidity rewards, etc.
• Timeline: 18-24 months
• Budget: $500000, late stage VC

 

Phase 6 Further decentralization

• Description: When the platform reaches a relatively mature stage, it’s time to further decentralize the protocol and introduce more diverse participants. With proper governance framework, token incentives, policy and enforcement mechanism, we will create a DAO that plays a major role in further managing the protocol and platform. Industry leading DAO government tools and practice will be adopted to ensure community trust and operational efficiency. 
• Timeline: beyond 36 months
• Budget: $300000, protocol treasury

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Svim Labs Limited (incorporation filed)

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https://docsend.com/view/dw5mdsfipkh9xbb6

https://twitter.com/SvimFinance

https://github.com/svim-labs

https://docsend.com/view/cycew8a3tc62ric7

https://docsend.com/view/cycew8a3tc62ric7

Svim Finance is a relatively early-stage startup project, which I think is a good fit for the SDF community fund application. We build real world assets tokenization and are building on EVM chains. We choose EVM chains because of the wide adoption, straightforward smart contract, high secure network, and significant amount of investable crypto capital. Stellar’s smart contract is relatively new and different from EVM’s solidity based contract system. We like the financial focus from Stellar and the innovations to add more robust blockchain functionalities such as the new smart contract. Though the general logic would be the same or similar for our tokenization workflow between EVM and Stellar, we expect new development and integration work to accommodate the new tech stack and programming language.

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Deliverable 1

• Brief description: front end website explaining who we are, what we do, what product and services we offer, how to use our protocol, user agreement, privacy policy and other key website elements. This will be the entry port for all customers, partners, investors and the community. 
• How to measure completion: Completed website will be released to the public to view.
• Estimate date of completion: 3 weeks after funding
• Budget: $6000

Deliverable 2: 

• Brief description: Compose and publish a RWA tokenization whitepaper to share with partners, investors and the community. The paper will include key sections of problems, solution, design, user guides, dev resources and smart contract addresses, etc. 
• How to measure completion: Completed whitepaper will be released to the public to view.
• Estimate date of completion: 2 weeks after funding
• Budget: $1000

 

Deliverable 3: either build in-house KYC feature or integrate with 3rd party KYC providers

• Brief description: RWA is a compliance focused sector and we plan to either build a UI interface for users to upload documents and verify their identity, or to work with industry leading specialized 3rd party KYC providers. 
• How to measure completion: front end for user UI to submit documents, back to review documents.
• Estimate date of completion: 2 weeks after funding
• Budget: $8000 

 

Deliverable 4: wallet connection with Stellar wallet and test stablecoin currency (e.g.USDC)

• Brief description: Build front and back end features to support Stellar wallet and stablecoin transfer. Code, deploy, test net and debug where applicable to ensure workflow is smooth with no issue.
• How to measure completion: Users can self operate and move funds from and to Stellar wallet.
• Estimate date of completion: 4 weeks after funding
• Budget: $3000

 

Deliverable 5: Liquidity pool setup with Stellar Soroban smart contract pool programming

• Brief description: Use Stellar Soroban smart contract to create a liquidity pool featuring RWA assets and allow lenders/liquidity providers to add capital aka stablecoins. 
• How to measure completion: End to end workflow is smooth for the liquidity pool operations with no error or bugs. 
• Estimate date of completion: 5 weeks after funding
• Budget: $10000

 

Deliverable 6: Test transaction from Stellar wallet balance to RWA assets.

• Brief description: Test the Stellar wallet connection and Soroban smart contract liquidity pool functions. LP tokens are created and sent to liquidity providers Stellar wallet as proof of investment or receipt of investing RWA assets.
• How to measure completion: Lenders should be able to self with no issues or complaints. 
• Estimate date of completion: 6 weeks after funding
• Budget: $2000

 

Deliverable 7: Smart contract audit to identity and fix potential bugs in the code

• Brief description: leverage internal team, external service providers to audit code base and fix any potential bugs that may threaten the user assets or smart contract security. 
• How to measure completion: 6 weeks after funding
• Estimate date of completion: complete code base audit and report any issues or bugs and fix them.
• Budget: $20000

50000

Dynas – Founder:

Payment, lending, credit scoring, AI, risk, security from Amazon, State Farm Bank, TransUnion, Fintech lending startups. University of Chicago MBA. 

 

Skylar – Product

Crypto, fintech lending, risk management, consulting from OKX, Tencent, Experian, KPMG. Peking University Physics.

Peter – Business Dev

BD & Sales, Crypto/NFT from Red Dragonfly, NPC Labs, GM Dipping, Altus Alliance, Vertafore, Gartner. University of Puget Sound.

Zion – Tech

TradFi & crypto trading, market making, custody from HK regulated CEX, Ronin Capital, QL Securities. University of Chicago Financial Math.

William – Tech

Cloud, crypto and data system design from Anchorage, WeRide.ai, AWS, Evertz. GIT Computer Science. McMaster Mechatronics.

Sean – Tech

Banking, security, data scientist, crypto engineer from Citi, Amazon, Ethereum, Cantina, Udacity, University of Delaware.

 

Svim Finance builds a real-world assets tokenization marketplace and liquidity hub to help global investors allocate capital, diversify assets, optimize finance, and hedge risk. We connect Web2 yield bearing assets and Web3 yield seeking capital to match their financial need through blockchain powered decentralized liquidity pools. 

 

The problem:

For Web2 assets: 

• Expensive capital: High inflation, high capital cost. Banks underserve, high overhead, discrete changes
• Limited reach: Asset owners are restricted by geo border, gov policy, funds movement, inconsistent processes
• Outdated infra: Excessive legacy systems, many silos, lack of automation, error prone, slow settlement
• Low efficiency: Lack of global standard, high entry barrier, questionable transparency, not 24 x 7 running

For Web3 capital:

• Poor risk-reward balance: Low risk low yield, or high-risk sketchy yield, lack of solid reliable middle ground
• Stressful mindset: Constant concerns about cybersecurity, rug pull, phishing, bots, protocol failure
• Lack of diversification: Crypto assets highly volatile & correlate, all eggs in one basket, bad investment risk
• Little legal protection: On-chain protection is weak for unhappy cases. Little or no real-world legal recourse

 

Our solution:

We build a real-world asset tokenization marketplace to source high quality yield-bearing real world assets, and set up liquidity pools and introduce global crypto investors to match the supply and demand of liquidity. 

We achieve this by leveraging automated public blockchain infrastructure and ledger system, smart contract functionality such as Stellar Soraban to parameterize financial transaction terms, and collaborating with off-chain Web2 partners, asset issuers, and professional service providers. 

Web2 asset owners will go through consulting, onboarding, due diligence, borrow and repayment process. Web3 investors will go through onboarding, Stellar wallet whitelisting, KYC/AML, capital allocation and redemption process. 

Svim Finance serves as a decentralized service provider to facilitate the end-to-end user experience and transaction flow.  Asset owners and liquidity providers both enjoy our platform because of higher user control, reduced cost, improved efficiency, and optimized financial return.

 

The benefits:

For Web 2 assets:

 

• Cheaper capital: interest-rate arbitrage, easy funds movement, reduce cost compared with traditional funding options. 
• Expanded reach: global investable assets, global capital allocation. Improved financial inclusion and reduced barriers of entry, level playing field between institutions and retail investors. 
• Upgraded infra: enjoy blockchain automation such as Soroban, decentralized ledge system and smart contract powered transaction terms. Reduced waiting time, human error and manual work. 
• Higher efficiency: Global unified on-chain standard from Stellar network, high transparency, Web2/Web3 dashboard, 24x7 operating powered by Stellar open for all infrastructure.

 

For Web3 capital:

• Good risk-reward balance: reliable and predictable yield, sustainable asset class and cash flow.
• Reduced risk: lower cybersecurity risk, rug pull, phishing, stablecoin depeg risk, etc. 
• Investment diversification: hedge highly correlated crypto assets, allocate assets off-chain to hedge down cycle or black swan event. 
• Better protection: real-world legal framework and ownership protection. Fully defined collateral and liquidation process, including insurance coverage where applicable. 

 

Market size:

According to BCG consulting, RWA tokenization will be growing ti $16T by 2030. It’s early.

 

Revenue model

We charge a service fee ranging from 0.3% to 3% depending on asset class, geography and other factors. 

 

How it relates to Stellar

We share the vision with Stellar that TradFi and DeFi should work together, so here we are. Review tech doc for relevance. 

 

Svim Labs operates in the software and blockchain industries. We develop products and services to improve the efficiency of traditional software systems, reduce transaction cost of users, and achieve good returns for the invested resources. We achieve this by adopting public blockchain network infrastructure, decentralized ledger technology and customized development to suit user needs. The source of funding comes from industry investors, venture investors, blockchain grants, etc.