Please describe your proposed solution.
CSERDeFi(CERTIFY) is a proposal is for Cardano Catalyst to initiate this SRO (Self Regulatory Organization) for the entire ecos of Defi and Cryptocurrency to protect Senior Citizens globally from predatory or dangerous actions.
The press will brush off the news when one or two of the current Two Billion Seniors loses their life savings due to a bad actor. It will not ignore it when it happens to thousands. The Defi world should not get a black eye in a sector where it can anticipate and avoid. The US Sec has special rules for Seniors. Let us not ignore that at a time when Regulatory Agencies are sharpening their knives over who will regulate.
Cardano should demonstrate its Principled behavior and lead the industry towards Self-Regulation of its treatment all “at risk” investors starting with the niche 2 billion Seniors whose population will double in the next ten years.
Our proposal will elevate Cardano as the founding member as we draw up the framework, education and self-certifying criteria. We will market this SRO to the industry with Direct Mail, Social Media and in person marketing at Conventions and Coferences. This marketing process will be to educate and onboard other Blockchains, DEXs, CEXs and employees to Cserdefi themselves in Senior Risk Management.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Cardano as the founding member of CSERDeFi will be elevated to the Primo principled Blockchain company. It and any other co- founding companies will receive a 20% lifetime discount on annual membership.
By reaching out to Algorand, Helium, Coinbase, Wingriders, Etherium, and other businesses in DeFi whether Layer 1, Layer 2, Web 3, a Dex or Cex we are reaching out to Colab and be inclusive of the entire industry.
C4S believes Cardano needs to be at the forefront of the massive Silver Tsunami that is headed for DeFi in the next ten years. This is one part of the strategy to aggressively onboard into the Catalyst ecos the brain currency and liquidity of this soon to be 4 billion niche market.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Regulatory actions of the US government and other jurisdictions could hamper or bury the actions of a developing industry to form SROs.
The best mitigation is a united industry front and public sentiment. By forming CSERDEFI and other industry SROs the public will begin to understand the DEFi system is working as other financial industries have towards effective self regulatory actions.
Lack of Capital to achieve the goal is the biggest risk. To be effective globally, CSERDEFI will require buy in from many of the Industry giants and will require a large budget.
The marketing and face to face sales campaign is the prime mitigation factor. Without an effective campaign leading to onboarding new members and Co- Founders this initiative will not reach full effectiveness.
Regulators rejection of Intent. Without global regulators buying in to the SRO model for DEFi the initiative will not be effective.
The mitigation strategy is to have a united industry front for self-regulation. A strong financial figurehead will also help.