Project Summary

The authenticaton is done using worldcoin such that single address belongs to single person .
First step is to make able attestation on behalf borrowers that they have been selected for a particular hackathons or bootcamps or courses, etc... on EAS .
The respective counterpatry would confirm the attestation .
Confirmation of the attestation would trigger a proposal to the DAO .
DAO would vote on the proposal based on the public profiles like twitter,github and past certificates .
If the proposal is accepted, the counterparty would receive the funds and the borrower would be given a Soulboundtoken .
Along with the proposal, another attestation will be done on behalf of the borrower caliming that he has completed the course, the attestation has respective deadline attached to it .
The counterpatry would confirm the attestation on completion of the course .
The confirmation would trigger the burn of the soulbound token compeleting the cycle .
If the borrower did not show up for the hackathons or courses then the soulbound token would dynamically change based on deadline to defaulted .
This would prevent them from borrowing again and also leave them with a defaulted Soulboundtoken on thier worldcoin verified address thus incentivizing them to show-up .
They would be able to burn the Soulboundtoken for a penalty .