Stacks antifraud service

[thelacker]

APPLICANT

Type:                                                                        Direct Application

Email:                                                                    [email protected]

Discord:                                                    mr_salat#1200

Twitter:                                                        @mr_sa1at

Stacks Forum:           

GRANT BASICS

Grant Name:                                        Stacks antifraud service

Total Budget:                              50,000

Total Duration:                 6

Grant Type:                                               Open Source Dev 1st time Grantees

Grant Track:                                          Stacks dApps & Clarity

Grant Goal:                                               Create New Technology

Grant Audience:             End Users (Consumer)

Specific Audience:         Users who want to be safe from wallets on different scam activities

Grant Team:                                        https://github.com/hronist , https://github.com/bogachevanton

Previous Grants:                      

Ecosystem Programs:      

GRANT MISSION, IMPACT, RISKS & REFERENCE

Grant Mission:         Trustx – unique solution for Stacks blockchain to analyse all transactions and protect STX blockchain users from fishing, identity theft and other scam activities.
Our goal is to bring Trust to STX ecosystem, bringing tools for trusted interaction with Stacks wallets for all kind of users.
Solution is based on cooperation of community and technology – using AI models and community reviews we want to build a new platform that will help any STX user to feel safe while interacting with wallets in blockchain

Grant Impact:               KPI:
Evaluation, analysis and model building based on all previous transactions in blockchain stacks
Online verification of 100% percent of online transactions

Grant Risks:                          False positives - erroneous decision to cancel a transaction or wallet as fraud
Risk of reducing the number of transactions in the network to the volume when it is difficult to mark a wallet as a fraud is not enough information

Support Link:                                     Pitch Deck of the project

GRANT ROADMAP & DELIVERABLES

MILESTONE 1:

Deliverable:                   Fraud database with fraudulent wallets in STX blockchain

MILESTONE 2:

Deliverable:                   End-user web interface to check and report on fraudulent actions

FINAL DELIVERABLE

Deliverable:                   Solution with web interface and API to check and score any STX wallet on fraud

[stacks-foundation]

👋 @thelacker


Thanks for your application! We will do a pre-review and let you know if we have any immediate questions. In the mean time please refer to our review schedule here for a detailed timeline and response dates.


Best,
Will

[will-corcoran]

Hi @thelacker it looks like this application is a duplicate of #700 . Is this correct? If so, let me know and I will close this application and keep the other one active. Thanks, Will

[thelacker]

HiSure, there was a network error during submission, so it duplicated the issue19 окт. 2022 г., в 20:51, Will Corcoran ***@***.***> написал(а): Hi @thelacker it looks like this application is a duplicate of #700 . Is this correct? If so, let me know and I will close this application and keep the other one active. Thanks, Will —Reply to this email directly, view it on GitHub, or unsubscribe.You are receiving this because you were mentioned.Message ID: ***@***.***>

[friedger]

How does this work? How do you define fraudulent?
Does this project goes in a similar direction as #673 ? Does it make sense to integrate this service into that UI?

[will-corcoran]

Hi @thelacker -

Thanks for reaching out and thanks for the application! Applications for this cohort close next Friday 11/4 and then the Grants Review Committee will be doing the full review. Currently, I am in the process of doing some pre-review and one of the things I wanted to ask you about is the overall budget for your grant.

Right now and for the next quarter or so, grants are going to be reserved for critical blockchain related work and addressing priorities outlined from community feedback, which you can find here. While this application covers some really interesting territory, we are trying to be cognizant of only funding the portions that are the most high-impact and aligned with those priorities. Additionally, we have been asking applicants to keep their budget in the $75/hr range and your application appears to pencil out to $8,333/hr(!) ($50k / 6 hours). If you could take a close look and try to keep your overall budget around $25k that would be great. You can also refer to the awarded applications from Cohort 18 to see the amount of scope they were able to cover for similar budgets.

Please let me know if you have any questions.

Best,
Will

[thelacker]

Hi @friedger

We will collect all suspicious wallets from public resources in the first step. On the second, we will grab transactions with each wallet to identify multi-accounting, looking for transactions with rogue smart-contracts and addresses their communication. Next step, we will prepare and describe rules to identify suspicious accounts and start monitoring all accounts by these rules.

Does this project go in a similar direction as #673 ? No, our goal is more about safety, to help users check if wallets are suspicious. The Stacks Chronicle is more about visualization, but it definitely does make sense to integrate our solution into that UI. We plan to deploy API to check malicious addresses.

[thelacker]

Hi @will-at-stacks

Thank you for your comment. We have familiarized ourselves with Current Grant Priorities and understand how decisions are made to grant grants.

Our budget was designed for a team of 5 people; 2-3 people will work at different stages simultaneously for six months; it turns out to be $60 per hour per person when working 20 hours a week.

We are ready to meet the budget of $ 25,000 when performing only the first two phases of the project out of 4. (for more information, see our deck). This grant amount does not exceed the average amount of grants issued in Cohort 18

Let me know if there is anything else we can work on here!

[will-corcoran]

@thelacker -

Thank you for the clarification and for the compromise. I will make note of this and make sure the Grants Review Committee knows prior to their evaluations.

Best,
Will

[Scarlett-Web3]

I think you have an interesting project. If you haven't already gone through the Stacks Web3 Startup Lab, I would like to invite you to apply.

Here's a 5-minute read on how we can help you turn your startup idea into an investment-ready startup:
www.web3startuplab.io

If you are interested, you can apply through the "Apply Now" button.

Feel free to ping me on email: [email protected]

[thelacker]

@Scarlett-Web3 thank you for the info!
Right now, we are focused on the grant, but we will definitely consider applying to your Startup Lab as well

[will-corcoran]

Hello @thelacker

Thank you for the application and for your patience with the grant review process. We did a thorough review of all of the applications (each application received an average of 6 reviews from members of the Grants Review Committee).  However, after much consideration, we decided not to fund any of the Cohort 19 grant applications as we did not feel they aligned with critical priorities core to the development of the Stacks blockchain.  

We invite you to please read this blog post we authored to help elaborate on the reasoning behind this decision and clarify the current mission of the Grants Program.

Thanks in advance,
Will
Stacks Foundation Grants Program Manager