<h2>About the Finternet&nbsp;</h2>
The goal of the Finternet is to enable anyone to connect to financial services like they do their email.&nbsp;This means that you should,
<ul>
<li style="font-weight: 400;">only have to sign up once to access all services&nbsp;</li>
<li style="font-weight: 400;">be able to transact with anyone in the world</li>
<li style="font-weight: 400;">be able to access services seamlessly anywhere in the world</li>
</ul>
The Finternet envisions two key technical primitives to enable this: asset tokenization &amp; a Unified Ledger.
<ol>
<li style="font-weight: 400;">Tokenization using cryptography provides a degree of security via immutability and programmatic composability across systems.&nbsp;&nbsp;</li>
<li style="font-weight: 400;">A Unified Ledger is the universal infra for said composability by allowing any system in the world to plug in and access the Finternet.</li>
</ol>
These two primitives along with trusted service providers create global rails with permissioned flows.&nbsp;
<img src="https://res.cloudinary.com/dgvnuwspr/image/upload/v1725368412/unnamed_1_dqikov.png" alt="" width="670" height="430" />
&nbsp;
Let&rsquo;s understand this better with an example of global lending via Finternet rails,&nbsp;
If you wanted to take a loan against your home today, you&rsquo;d need to submit documents individually to each bank in your city and compare terms. This process restricts your options and is slow and inefficient.&nbsp;
However with the Finternet, you could
<ol>
<li style="font-weight: 400;">Issue a tokenized property certificate from the relevant authority&nbsp;</li>
<li style="font-weight: 400;">Search for loan providers across Banks &amp; DeFi protocols globally</li>
<li style="font-weight: 400;">Select the loan that best meets your needs</li>
<li style="font-weight: 400;">Have the loan disbursed straight to your Finternet account</li>
</ol>
The idea is to create on and off ramps which allow traditionally fragmented systems to connect with the Finternet&rsquo;s Unified Ledger via tokenized assets.&nbsp;
<h2>Get up to $10K to help build the Finternet using Solana</h2>
Superteam now supports the Solana Foundation &amp; Finternet grants program. Among other things, we recommend applicants with high community reputation scores. These are grants designed to empower developers, founders, asset managers &amp; policy professionals all over the world to contribute to the Finternet sandbox and playground through thoughtful content &amp; code. Anyone with an idea &amp; proof of work is welcome to apply and receive a funding decision for a $1 - $10,000 grant.&nbsp;
<h2>Areas of focus</h2>
Specific areas of focus include prototypes, proof of concepts or content on the following parts of the Finternet Stack.&nbsp;&nbsp;
<ol>
<li style="font-weight: 400;">User Application: The application layer provides the end user interface to the Finternet. It enables users with various workflows that can be performed across asset classes. <a href="http://github.com/ChiragKV-Juspay/finternet-web">Link to Repo</a></li>
<li style="font-weight: 400;">Toke Manager Admin: This is the application layer for the token manager to interface with the Finternet. It enables token managers with various workflows that can be performed on the assets issued by them.</li>
<li style="font-weight: 400;">Authenticator wallet: The auth wallet is the mechanism for users to securely store bearer keys and use them to sign transactions across Finternet applications.</li>
<li style="font-weight: 400;">Unified Ledger: The unified ledger is the interface to the ledger infra. It's an abstraction on top of the ledger specific infrastructure. <a href="https://github.com/NishantJoshi00/finternet-api">Link to Repo</a></li>
<li style="font-weight: 400;">Ledger Infra: This is the immutable record keeping layer of the Finternet. <a href="https://github.com/abishekk92/finternet-sandbox">Link to Repo</a></li>
<li style="font-weight: 400;">Public Trust Registry: This is a public registry of master data for trusted participants across the Finternet.</li>
<li style="font-weight: 400;">Contract Marketplace: This is the smart contract marketplace for token managers to ease implementation of asset specific rules.</li>
</ol>
Our sponsors receive tens of applications every week, and may not have the time to give detailed feedback on every application. Please keep that in mind before you apply.&nbsp;
&nbsp;
NOTE: The core team does not manage the grant program. We simply make recommendations to the sponsors of the grant program on quality grant applications. You are also free to apply directly on the Solana Foundation website for a grant.
<h2>Relevant Links</h2>
<ol>
<li style="font-weight: 400;"><a href="https://www.bis.org/publ/work1178.pdf">Finternet Whitepaper</a></li>
<li style="font-weight: 400;"><a href="https://www.youtube.com/live/ILgXJiMXpOM?si=vc4IlUZTIWZpd0lR&amp;t=20657">Keynote by Nandan Nilekani</a></li>
<li style="font-weight: 400;"><a href="https://www.youtube.com/watch?v=2-ukiKchQsI&amp;pp=ygUdc2lkIHNoZXR0eSBmaW50ZXJuZXQgZmlyZXNpZGU%3D">Fireside</a> chat between Agust&iacute;n Carstens, Bank of International Settlements &amp; Sid Shetty, India Stack.</li>
<li style="font-weight: 400;"><a href="https://finternetlab.io/">Website</a></li>
<li style="font-weight: 400;"><a href="https://github.com/finternet-io">Github</a></li>
</ol>
<h2>How it Works</h2>
<ol>
<li style="font-weight: 400;">Submit the application form on Superteam Earn (5 minutes).</li>
<li style="font-weight: 400;">The grantor team does its best to respond within ~72 hours.</li>
<li style="font-weight: 400;">If approved, you'll receive an email notification for onboarding and further steps.</li>
<li style="font-weight: 400;">Update the community once a week on your progress.</li>
<li style="font-weight: 400;">As you achieve your self-described milestones, receive the rest of your funding.</li>
<li style="font-weight: 400;">Submit finished work for feedback, review, and distribution.</li>
</ol>
<h2>Guidelines</h2>
<ol>
<li style="font-weight: 400;">Be Concise: Being clear and concise is always helpful.</li>
<li style="font-weight: 400;">Build what the ecosystem needs. Include information on how your project can help further the Finternet&rsquo;s vision.&nbsp;</li>
<li style="font-weight: 400;">Open Source: Ideally, projects should be open-sourced under a permissive license like Apache 2.0 or MIT."</li>
</ol>
<h2>Frequently asked questions</h2>
<ul>
<li style="font-weight: 400;">Who is eligible to apply for an Instagrant?</li>
<ul>
<li style="font-weight: 400;">Anyone with proof of work can apply!</li>
</ul>
</ul>
<ul>
<li style="font-weight: 400;">How fast is "Instant"?</li>
<ul>
<li style="font-weight: 400;">We try our best to get you a decision within 72 hours.</li>
</ul>
</ul>
<ul>
<li style="font-weight: 400;">What criteria will the panelists use to evaluate grants?</li>
<ul>
<li style="font-weight: 400;">We prefer projects that 1) yield results quickly and 2) are executable by the Proposing team.</li>
</ul>
</ul>
<ul>
<li style="font-weight: 400;">What conditions apply?</li>
<ul>
<li style="font-weight: 400;">The only condition is that you keep the community updated on a regular basis as your project progresses.</li>
</ul>
</ul>
<ul>
<li style="font-weight: 400;">What is the philosophy behind the Instagrants program?</li>
<ul>
<li style="font-weight: 400;">Proof of Work &gt; Credentials. Anyone is welcome to apply for Instagrants, given they have enough Proof of Work to make the review committee believe the work will get done.</li>
<li style="font-weight: 400;">Speed &gt; Perfection. We want to give grants rapidly. Not perfectly. We trust people to get work done.</li>
<li style="font-weight: 400;">Believers &gt; Consensus. As long as a minimum quorum of the reviewing committee believes it's a good use of funds, we will fund it</li>
</ul>
</ul>
<ul>
<li style="font-weight: 400;">Will I receive feedback on my proposal if it is rejected?</li>
<ul>
<li style="font-weight: 400;">Unfortunately, our sponsors do not have the ability to provide individualized feedback at this time.</li>
</ul>
</ul>
Have a question that isn't answered here? Drop an email to support@superteam.fun for help.

Solana Fndn x Finternet Instagrants