not approved
Creating Conditions for DeFi Success in California
Current Project Status
Unfunded
Amount
Received
Received
₳0
Amount
Requested
Requested
₳750,000
Percentage
Received
Received
0.00%
Solution
Three things:
- Generate a bill the California legislature can pass into law.
- Create a governance framework for developers to build on.
- Publish an open-source package so other states can replicate it.
Problem
DeFi tools are not KYC compliant. The lack of compliance will limit DeFi’s growth and potential unless clear regulations are created to integrate dApps with traditional compliance frameworks.
Impact / Alignment
Feasibility
Value for money