Project Name: Aconcagua Finance
Founder Name: Manuel Rico Molina
Submission Date: 09/20/2024
Award Amount: 0.0805 RBTC, (equivalent to approx. 5k USD at today’s rate)
Project Stage: Testnet
Sector: Lending
Links to Deck / Video / Images: https://aconcagua.finance
Description:Our system allows small and medium businesses to use crypto assets as collateral for traditional finance loans. We will be on mainnet soon, and we expect to bring institutional TVL to Rootstock. We also make use of RSK technology and partners, like safe and uniswap.
Mission: Our mission is to increase credit in Latin America. We believe that credit is the engine of any economy, be it corporate, small business, or personal. We want to use the benefits of blockchain along with the established adoption of traditional finances. Our solution was to leverage the existing technology on rootstock and its partners
Product: We developed a smart contract that acts as an escrow account (vaults). We also developed web2 backend and frontend that companies use to access and manage their vaults. Our customers grant loans based on the information they see on the vaults.
Team: Santiago Lacasia is the CEO, he’s 3 times entrepreneur with 10 years of Finance, Capital markets, collaterals & credit risk expertise. Also 3 years of government & regulations expertise
https://www.linkedin.com/in/santiago-lacasia/
Manuel Rico Molina is an Information technology Engineer with 20 years of data base & security expertise. He’s a blockchain enthusiast and Solidity developer
https://www.linkedin.com/in/manuel-rico-molina/
Progress:
We developed a smart contract that makes use of safe, openzeppelin and uniswap protocols to be a secure and simple to escrow account.
We completed the development of our contract, and we finished the auditing process.
Roadmap: Within the next 90 days we expect to launch on mainnet with our contract, and start our commercial campaign to gain traction.
Conclusion: Our project brings a real use case to the rootstock technology and ecosystem. We developed a business network of traditional financial institutions that are interested in