Dear Rootstock Community,
We’re delighted to announce the successful quorum passage of all nine projects in our latest grant wave. This achievement marks a significant milestone, showcasing a plethora of innovative solutions poised to expand and enhance the Rootstock ecosystem.
Each project brings not only a burst of technological innovation but also opens new avenues for market expansion and user engagement. This is just the beginning of a very transformative phase of the DAO and we thank you all for your votes, questions and participation.
Lastly, congratulations to all of the grant winners - the smart-contract will be paying the addresses after a fixed period of time.
We’re truly excited to make the RootstockCollective a hub of innovation on Bitcoin and Rootstock.
Wave II - Projects
Below are the exciting projects from this round of the DAO grants and the reasons why they are so vital to the growth and scaling of Bitcoin on Rootstock.
Wesatoshis Labs
Wesatoshis Labs has introduced a pioneering payment solution— a card that functions as a fully operational SPV client embedded on a chip, eliminating the need for mobile apps. This novel approach utilises Rootstock’s layer 2 capabilities to enable offline RBTC transactions, significantly enhancing the practical utility of Bitcoin. .
Looking ahead, Wesatoshis Labs has the potential to add a KYC option for users who choose it, enabling seamless payments through point-of-sale terminals. This development could allow users to access the store of value of Bitcoin at everyday retail locations, further bridging the gap between digital assets and traditional commerce. The Wesatoshis Card stands to make Bitcoin as accessible and versatile as cash, opening exciting new possibilities for Rootstock and RBTC in real-world use cases.
Boltz
Boltz provides a non-custodial solution for seamless navigation between two of Bitcoin’s leading layers—Lightning and Rootstock—preserving user autonomy throughout the transaction process. This approach highlights the essential values of security and control, resonating deeply with the foundational principles of Bitcoin.
By facilitating a connection between the Lightning Network and Rootstock, Boltz enables users to leverage the quick settlement capabilities of Lightning along with the programmability of Rootstock. This powerful combination enhances the transaction volume on the network and encourages new users to explore the expanded functionalities that RBTC offers. Such integration is pivotal in creating a more inclusive and versatile ecosystem, significantly increasing the utility and reach of Bitcoin’s decentralised features.
Aconcagua Finance
Aconcagua Finance is revolutionising how SMBs in Latin America access liquidity by utilising crypto assets as collateral for loans. This not only democratises financial access but also harnesses Rootstock’s robust blockchain technology for secure and efficient business transactions.
The project’s role in stimulating economic activity could be transformative, positioning Rootstock as a cornerstone technology that powers financial operations in emerging markets, thereby expanding its influence and adoption.
Car2token
Car2token transforms how individuals leverage their vehicles, allowing them to tokenize these assets and secure loans. This aligns with a broader trend of integrating tangible assets with blockchain technology, offering practical financial solutions to a traditionally illiquid asset class.
By utilising Rootstock’s robust architecture, Car2token will significantly expand economic opportunities for vehicle owners in a secure manner. This innovative approach allows individuals to harness one of their primary assets, providing a new pathway to financial freedom. By turning vehicles into liquid assets, Car2token not only enhances transactional capabilities but also empowers users to manage and leverage their resources securely and efficiently within the Rootstock ecosystem.
Sailing Protocol
Sailing Protocol is transforming how traditional financial assets, like stocks are accessed by issuing ERC20 tokens on the Rootstock network. This innovative method not only facilitates around-the-clock trading, unavailable in traditional stock markets, but also significantly widens market accessibility, particularly in regions with underdeveloped financial infrastructure.
The protocol’s continuous operation on Rootstock allows institutional investors to trade top-tier assets like the S&P 500 and leading tech stocks during off-hours, enhancing liquidity and flexibility. Additionally, it provides everyday individuals in emerging markets unprecedented access to these high-performing equities, fostering financial inclusion and empowerment through Rootstock’s secure blockchain platform.
MyOrdinals.Loan
MyOrdinals.Loan is exploring the cultural phenomenon of Bitcoin Ordinals by creating a platform where these can be used as collateral for lending. This project is particularly exciting as it merges a unique aspect of Bitcoin culture with Rootstock’s financial capabilities.
This initiative attracts a novel and previously untapped user base to Rootstock, experimenting with pioneering financial services that could define future norms for blockchain-based financial products.
Memora
Memora is innovating within the digital inheritance space by creating a platform that utilises Bitcoin and Rootstock’s smart contract capabilities to manage automated BTC transfers triggered by life events. Their use of NFT Time Capsules to set conditions for asset transfer showcases a pioneering approach to managing digital legacies.
The potential of Memora to streamline and secure the process of digital inheritance is profound. .By automating the distribution of assets based on verifiable events, Memora could significantly ease the management of digital legacies, ensuring that assets are transferred smoothly and privately according to the wishes of the users. This could open up new avenues for Bitcoin usage in estate planning, potentially introducing blockchain solutions to a wider audience and reinforcing the utility of Rootstock as a platform for serious financial applications.