Iron Badger Brotherhood Redefining P2P Lending on Blockchain with Representative Semi-NFTs

[grantshares-dapp]

Abstract

What would you like to do? Describe your project/idea in a few sentences.

We are seeking funding to conduct a final security audit for Iron Pact, a novel DeFi lending protocol, enabling its secure launch on the NEO mainnet via NeoEVM. Iron Pact allows users to create and trade peer-to-peer debt agreements as NFTs, introducing a liquid secondary market for debt and a fairer, default-based liquidation model to the NEO ecosystem.

Proposal Information

DescriptionThe overall and broad proposal description.

Iron Badger Brotherhood is introducing Iron Pact, an innovative DeFi lending protocol ready for deployment on the NEO ecosystem via its EVM-compatible layer, NeoEVM. Our project addresses critical inefficiencies in the current DeFi landscape by transforming peer-to-peer debt agreements into tradable Semi-NFTs (ERC-1155). This creates a fully liquid secondary market for debt, a financial primitive currently underdeveloped in most ecosystems.

Our core innovations are twofold:

1. A Liquid Secondary Market for Debt: Iron Pact allows any user to create a customized, fixed-term, collateralized debt instrument (a "Pact") and sell it on an open market. This NFT-based debt can then be freely traded on our built-in auction marketplaces, unlocking liquidity and creating new strategies for creditors.
2. A Fairer, More Stable Liquidation Model: Unlike mainstream protocols that trigger liquidations based on asset price volatility, our system initiates liquidation only upon contractual default (e.g., a missed payment). This shields borrowers from unfair, market-driven losses and brings unprecedented stability and predictability to P2P lending.

Our project is technically complete, fully functional on testnet, and supported by a formally established legal entity.

MotivationWhy are you requesting funding?

We are requesting funding because our protocol is technically complete and ready for mainnet deployment, but one critical step remains: a comprehensive third-party security audit. Security is our absolute top priority, and we believe launching a DeFi protocol that handles user funds without a professional audit is irresponsible. This grant will provide the necessary resources to engage a top-tier security firm, ensuring a safe and trustworthy launch for the NEO community.

GoalsWhat are the main goals, and why? How would you bring value to the community?

Our main goals are:

1. To launch a secure and audited DeFi protocol: Our primary goal is to deliver a robust and safe platform. An audited protocol will build trust and attract users and capital to the NEO ecosystem.
2. To introduce a new DeFi primitive to NEO: By creating a liquid secondary market for P2P debt, we bring a new, sophisticated financial tool to the NEO community, increasing the diversity and utility of its DeFi landscape.
3. To increase the utility of NEO's native assets: Our protocol will be configured to use assets like NEO and GAS as primary forms of collateral, creating a powerful new use case and driving demand within the ecosystem.

We bring value to the NEO community by providing a new, innovative platform that enhances capital efficiency, offers novel yield and trading strategies, and attracts new, DeFi-savvy users to the network.

Deliverables & Roadmap

• Total Estimated Duration: 12 weeks (3 months)
• Full-Time Equivalent (FTE): 1
• Total Budget: 15,000 GAS

Roadmap Overview:

Our roadmap is structured into two clear milestones, designed to take our project from its current pre-launch state to a fully operational protocol on the NEO mainnet.

• Milestone 1: Security Audit & Mainnet Readiness (Weeks 1-8)
• • Deliverables: A complete public audit report from a reputable security firm, and the finalized, corrected codebase deployed and verified on the NEO testnet.
  • Budget: 12,000 GAS
• Milestone 2: Mainnet Launch & Community Onboarding (Weeks 9-12)
• • Deliverables: The full protocol deployed on the NEO mainnet, a live public dApp, and the launch of a marketing campaign to onboard the first wave of users.
  • Budget: 3,000 GAS

Deliverables Verifiability

How would the community be able to verify that the promised deliverables were successfully achieved?

The community will be able to verify our progress through the following public and on-chain means:

• Milestone 1:
• • We will publish the full audit report from the security firm on our official channels for public review.
  • Our GitHub repository will be updated with the final, audited code, allowing for community verification of all changes.
  • The deployed smart contracts on the NEO testnet will be verifiable on the block explorer.
• Milestone 2:
• • The deployed smart contracts on the NEO mainnet will be publicly verifiable on the block explorer.
  • The live, functional dApp will be accessible via our official website.
  • We will create and share a public Dune Analytics dashboard to track on-chain metrics like TVL, user count, and volume, providing transparent proof of adoption.

Budget Plan

What are the overall required resources? Provide reasons why the requested budget is a good fit.

The overall required budget is 15,000 GAS.

This budget is a good fit as it is almost exclusively dedicated to the most critical, one-time cost for any new DeFi protocol: a professional security audit. A budget of 12,000 GAS (approx. $42,000 at current prices) is a competitive and realistic amount to engage a top-tier security firm for a comprehensive review.

The remaining 3,000 GAS (approx. $10,500) will be used to cover the founder's technical work during the launch phase and a small, targeted marketing budget to kickstart initial user adoption. This lean and focused budget ensures that every unit of GAS is used to maximize the security and success of the launch on NEO.

About You / Your Organization

• Individual/Entity Name: Luciano Di Noia / susuluk OU
• Website: https://www.iron-badger-brotherhood.xyz/
• GitHub Organization (if applicable): https://github.com/LELUK911/PactContract

Short-BioFew sentences about you or about your organization.

Iron Badger Brotherhood is a project led by founder Luciano Di Noia and legally structured under the entity susuluk OU. Our mission is to build innovative and fair financial primitives on the blockchain. We combine hands-on technical expertise in smart contract development with a deep understanding of financial markets to create protocols that are secure, efficient, and accessible.

Portfolio of Projects / Past ExperienceProvide information about what you've done in the past.

The most relevant proof of our experience is the project we are presenting today. The Iron Pact protocol is already technically complete and fully functional on a public testnet. This demonstrates our end-to-end capability in:

• Designing complex and sustainable DeFi mechanics.
• Writing and testing secure smart contracts in Solidity.
• Building a functional and user-friendly dApp interface.

This grant is not for R&D on an idea, but for the final security validation of a product that is already built. We have also been accepted into the Aurora Partner Program, demonstrating our ability to form strategic ecosystem partnerships.

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Proposal Info 📋

• Proposal Type: request-for-funding

• Amount Requested: 15000

• Token: 0xd2a4cff31913016155e38e474a2c06d08be276cf (GAS)

• Receiver Address: (0xb9b37626c38de125d5c2a9e288dd80fa96caa22e)

• Created by: @LELUK911 🚀

• Proposal : https://grantshares.io/app/details/e859c3b87a6522d23f51d4074ba23fcd

• Linked Proposal: https://grantshares.io/app/details/2f8249e1a555604b8a9eb2df85a9b8d0

• Raw Intents: 👀

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---

👇 React with 👍 if you liked it, or 👎 if you think this proposal can be enhanced!

[deanragnarok]

Hi @LELUK911 - Thanks for submitting this proposal.

From what I can see, you’ve tested Iron Pact on SKALE, participated in Aurora’s partner program, and have generally been active in multiple ecosystems. Given that background, we’re trying to get clarity on your relationship to those ecosystems and why you’re now seeking to launch on Neo.

Specifically:

• Are you still actively building in Aurora, SKALE, or elsewhere?
• What is the current status of your partnerships and deployments in those ecosystems? Are they still moving forward? If not, why?
• Do you intend to deploy Iron Pact across multiple chains, or would Neo become the primary home for this project?
• Since you already have test deployments and partnerships elsewhere, what is it about Neo that makes this the right place to launch now?
• If this grant is approved, how would you approach building and supporting a user base specifically on Neo?

There are other questions — particularly around budget and deliverables — but this is the main topic on my mind at the moment.

Looking forward to your thoughts.

[LELUK911]

Thank you for your thoughtful questions.

Being an early-stage protocol, I have strategically evaluated ecosystems that can provide both technical infrastructure and genuine partnerships for a successful mainnet launch.
Current Ecosystem Status:

SKALE: Grant approved after they provided significant support even during the pre-approval phase with UX optimization and technical feedback. They are ready to support the mainnet launch on their chain and represent a solid partner for the ecosystem.

Aurora: Initial interest in marketing collaboration, but communication ceased after legal entity formation.

Why Specifically Neo: Neo's DeFi landscape, being in its infancy, presents a unique opportunity. Rather than competing for attention in saturated markets, Iron Pact could become a foundational DeFi primitive on Neo. Our peer-to-peer lending with tradable debt NFTs has no direct competitors here, allowing for organic growth without the noise typical of mature DeFi ecosystems.

Multi-chain Approach: Yes, lending protocols benefit from multi-chain presence for liquidity and risk diversification. However, we are seeking 1-2 primary ecosystems to focus our initial efforts rather than spreading thin across many chains.
My Question for You: What is Neo's strategic vision for DeFi adoption? I'm interested in understanding how you plan to stimulate ecosystem growth and whether there are specific initiatives where Iron Pact could play a foundational role.