After rejection of ref 868, Integritee has [evaluated the feedback and adapted its request strategy](https://polkadot.polkassembly.io/referenda/868#Oibuq9Acszowe0Qb4bTo)

This proposal is for the upcoming milestone "Test Emergency Interventions on Paseo" and shall cover our work in Q3'24 towards productive privacy sidechains for DOT, KSM, USDT, USDC and others.

187’050 CHF ≃ 208’841.32 USD ≃ **208’841 USDT**

* [Full Proposal Document](https://docs.google.com/document/d/1FwU_nswl28Yhis4qLQgtAulaGq3e2ETeTulrBVTZ0zo)
* [initial discussion post](https://polkadot.polkassembly.io/post/1739)
* [approved previous DOT Treasury retroactive funding (ref 617)](https://polkadot.polkassembly.io/treasury/617)

## What 

Private transactions of DOT, KSM, USDT, USDC

There simply is no other project in the Polkadot ecosystem (an elsewhere in web3!) offering our level of privacy and convenience:

* single click shielding and unshielding
* fee payment in same token
* 1s confirmation time for private transfers (viable for point-of-sale payments)
* horizontally scalable to > 1M tps through sharding of L2

The privacy enhancement by using Incognitee will give you strong privacy on L2 and k-anonymity on L1 which is best for moderate amounts

Please note that Incognitee aims for **compliance**. We want to bring privacy to the masses, not to protect criminals.

Try it now on our Paseo testnet: https://try.incognitee.io

## Soft-Loan

We consider this a soft-loan which we will pay back to the treasury with a fraction of fee revenues which each shard of Incognitee earns as long as the target token is present on the Polkadot Asset Hub and can be spent by the treasury. We commit to sending **30% of our gross fee revenue** back to the treasury automatically and regularly until we have repaid the soft-loan plus a **one-off premium of 10%**.

## Context

* **NEW** brenzi's [Incognitee presentation at decoded 2024](https://www.youtube.com/live/pKCqjkhmbB0?feature=shared&t=12004)
* Private Transactions on L2 for all Polkadot Chains | Polkadot Decoded 2023 talk by our CTO brenzi: [**video recording**](https://youtu.be/mNs4txHedWs?si=pWv15HSusQJuHwih)
* Why Privacy Matters And What Integritee Can Do About it | Polkadot Now India talk by our CTO brenzi: [**video recording**](https://youtu.be/7he0Uqe9jps?si=qdbXK8arCIrEsY6N)

brenzi also appeared on [AAG](https://x.com/TheKusamarian/status/1804567527650951254) to explain the previous proposal

- Integritee is adapting its request strategy after receiving feedback on a previous proposal.
- They aim to improve privacy transactions for DOT, KSM, USDT, and USDC in the "Test Emergency Interventions on Paseo" project.
- The proposal includes a budget of around 208,841 USDT for their work in Q3'24.
- Integritee offers privacy features like easy shielding and unshielding, fast transaction times, and scalable systems.
- They want to make privacy technology available to everyone and comply with regulations.
- Their financial plan includes paying back a soft-loan to the treasury from their earnings. 
- There are resources available to learn more about their presentations and talks on privacy.

assetKind

amount

beneficiary

validFrom

Rejected

Submitted

DecisionDepositPlaced

DecisionStarted

medium_spender

Integritee proposes to work on productive privacy sidechains for Polkadot chains and others for 187,050 CHF (~208,841 USDT) in Q3'24. They aim to offer private transactions of DOT, KSM, USDT, USDC, etc., with a one-click shielding and unshielding feature, 1s confirmation time, and scalability to >1M tps through sharding of L2. They will pay back the soft-loan with a 10% premium and 30% of their gross fee revenue until repayment.

Incognitee: Privacy Sidechains (Soft Loan Q3'24)

root

whitelisted_caller

wish_for_change

staking_admin

treasurer

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

small_tipper

big_tipper

small_spender

big_spender

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

Origin for spending up to 10,000,000 DOT from the treasury as well as generally administering it.

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.