@8566fc4bb16e1a7446b5e9b1b8aea94b5751d5f8c658d7af18d8cdf642d7b31d [Posted on DevHub](https://near.social/#/devgovgigs.near/widget/Post?id=1031) ## Solution: Buildathon - new Brazilian financial system currently under development ###### Requested amount: 10000 USDT ###### Requested sponsor: @neardevgov.near This is the first edition of BUILDATHON, a 12-week program working with FENASBAC (Brazilian Central Bank Officials) to explore how web3 can interact with the new Brazilian financial system currently under development. Working with FENASBAC (Central Bank Officials), we bring a hybrid event starting in August 2023. It includes Builder Bootcamps, Sponsor Workshops, a two weeks of Hacking from 1-13 September. Judging, prizes & pre-accelerator announcements will be at Blockchain Rio from 12-14 September and online. The pre-accelerator will be hybrid from 15 Sept to 30 Oct, culminating in the DIGIFI Launchpad on 31 Oct. “Hybrid”? Builders and sponsor teams can participate online or in a hybrid format at our Build Sites, run by local mentors and facilitated by DIGIFI Ambassadors. This gives flexibility to everyone, with plenty of time for learning and research. Goal: Bring together web3 Devs, web2 Devs, students & graduates from women & social programs, and non-devs: business, product, design Students & professionals to build on their CBDC project - fully legalized and currently piloting. We want protocols to provide training and prizes to global builders to build ERC20-based digital currency used by many more beyond the >230MM Brazilians. The Hybrid Buildathon aligns perfectly with the Central Bank of Brazil's request for assistance in integrating web3 tech and developing CBDC infrastructure. By bringing together top web3 developers and sponsors, we aim to create innovative solutions that extend beyond the pilot phase, benefiting more than 230 million Brazilians. Collaborating with the Brazilian central bank opens up immense potential for NEAR, particularly in the retail sector. Furthermore, showcasing the successful adoption of crypto in day-to-day transactions will serve as a powerful example for other governments, thus strengthening NEAR global position. Who we are/About the team: Digifi Buildathon is a collaboration between Ethereum Brasil and BlockChain Festival and has a mission of educating and training diverse communities in Brazil and beyond in decentralized and emerging tech through cross-industry collaboration, creating jobs, projects, and tech solutions that have a net positive effect. Summary of Activities/Milestones/TimeLine: • 14-31 Aug | Workshops Sponsors & Digifi team prepare hackers w/ IRL mentoring @ Build Sites around Brazil. • 1-12 Sept | Hackathon* • 12-14 Sept | Presentations & Judging Starts During Blockchain Festival Rio (or Online) • 22 Sept | Hackathon Winners Announced • 26 Sept - 30 Oct | Pre-Accelerator* For Hackathon winners + another select project The tracks of the Buildathon Scaling the Digital Real Interoperability 1: how the digital real can be used in traditional finance Interoperability 2: how the digital real can connect to the Defi ecosystem Public transparency, governance & accountability Privacy solutions for the Digital Real Tokenization and digital assets solutions for Brazil Freestyle: How to build a permissionless Digital Real Funding Request/Budget Breakdown: A grant of $10,000 from NEAR would support the Hybrid Buildathons aimed at discovering and integrating web3 technologies requested by the Central Bank of Brazil. The grant will be separated into 7k for event support + suggestion of 3k in prizes distributed in 3 number of projects. This 3-month program will involve bootcamps, workshops, hackathons, and pre-acceleration of select projects. Our primary objective is to train developers and non-developers in CBDC infrastructure while fostering the development of ERC20-based digital currencies for Brazil, bringing crypto adoption to millions of users. We request a grant from NEAR to support the logistics and operations of the Hybrid Buildathon series. The funds will be used to cover expenses related to venue rentals, mentor stipends, marketing and communication efforts, and prizes for hackathon winners. The grant will play a crucial role in ensuring the program's success and facilitating the adoption of web3 technologies in Brazil. What is the Value added to NEAR: Integrating a savings/earn feature natively within the wallet app used for digital Real presents a unique value proposition for NEAR. By enabling users to enter an earn program with their Real deposits. This approach abstracts the entire ETH part from depositors while allowing them to earn through staking. The complexity of the strategies involved, such as recursive loops with lending markets, further enhances the potential returns for users. This initiative holds significant potential for NEAR to enter the Brazilian market and attract a substantial inflow of retail users. By providing a user-friendly and innovative savings/earn feature, NEAR can position itself as a pioneer in the Brazilian crypto landscape. Additionally, the success of this project can serve as a powerful case study for NEAR to demonstrate how crypto can be adopted and utilized in daily transactions, further solidifying its reputation and attracting potential institutional partnerships. Collaborating with Universities and computer engineering students will be a pivotal aspect of a Blockchain decentralized application (dApp), as it brings an array of value-add opportunities. By tapping into students' and academics the technical expertise and innovative ideas of students and academics, we can ensure that the dApp's development is at the forefront of technological advancements. Moreover, engaging with this talented pool fosters community building, provides invaluable user feedback, and offers long-term sustainability as students can become brand advocates and potential future team members. This collaboration will not only boost dApp's adoption and enhance its overall success and impact in the blockchain space. Partnerships with universities that have ambassadors in the program: ITA (Air Force Technological Institute Intelli Poli USP PUC Rio Conclusion: Ethereum Brasil is dedicated to fostering the growth of the web3 ecosystem in Brazil. By collaborating with NEAR and integrating a savings/earn feature for the digital Real, we can not only meet the objectives set forth by the Central Bank of Brazil but also establish NEAR as a prominent player in the Brazilian market. We sincerely hope that NEAR recognizes the immense value of this proposal and supports us in our mission to drive crypto adoption and innovation in Brazil. Thank you for considering our grant proposal. We are eager to discuss this opportunity further and provide any additional information required.