OpenRamp

We are building an open DeRamp protocol to enable people to swap crypto into fiat, and fiat into crypto in a non-custodial way. 

We know that the next wave of people getting into the crypto world need more frictionless tools to get onboarded, and some of this demand is hold back by regulatory issues. In addition, there are other use cases for such on/off ramps such as financial inclusion of refugees and immigrants.

We are using Polygon, Optimism and Arbitrum to reduce the cost of transaction fees.

Protocol Components

• Escrow System (developed in the hackathon)
• Dispute Prevention
• Dispute Resolution
• Justice Mining

OpenRamp's uses a unique dispute resolution system powered by DeCourt and on-chain private chat:

DeCourt

DeCourt is the last step to resolve disputes on OpenRamp's P2P platform. It consists of Guardians and TradFi Insiders. Guardians receive independent evidence for disputes from local TradFi insiders who have access to data. Both parties are incentivized by Court Fees (5% of dispute value). Users are encouraged to reach to an agreement before entering DeCourt by Guardian-assisted chat on-chain. 

More Information:

On-chain Chat:

DeCourt

#SDG alignment:

• SDG #1 End Poverty
• SDG #8 Decent Work and Economic Growth
• SDG #9 Industry, Innovation and Infrastructure
• SDG #10 Reduced Inequalities

LINKS

Github Repository

OpenRamp MVP

REFERENCES

UNHCR - Refugee Statistics