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

big_spender

(Recap)With Polkadot Treasury backing, the Apillon platform would switch to a growth-oriented, SaaS model with various subscription models and forever-freemium access, while giving back to the community with Web3 Adoption Bounty supporting up-and-coming builders on Polkadot. Apillon has filed a new, revised Proposal for Polkadot Treasury funding to cover the technical development of the Apillon Web3 development platform. During the voting period of the previous Proposal, certain important concerns were raised - the new project orientation addresses them thoroughly. The full Apillon Proposal linked below explains the changes that were made and puts them into the context of a wider Polkadot ecosystem. Besides, Apillon&rsquo;s initiative of supporting the community proposes the establishment of a Web3 Adoption Bounty. Apillon pledges to periodically funnel a share of its revenue and NCTR token supply into the Bounty fund to support up-and-coming Web3 projects building in Polkadot or on the Apillon platform, and, thus, give back to the community that has shown incredible support so far. The Apillon platform - adoption in less than a year:
<ul>
<li>Overall number of developers: 888</li>
<li>Number of active developers: 432</li>
<li>Number of projects created: 523</li>
<li>Service breakdown:
<ul>
<li>Web3 Storage: 47,692 files uploaded, adding up to 31 GB of data</li>
<li>Web3 Hosting: 174 webpages hosted - 72 pushed to production</li>
<li>NFTs: 151 NFT collections created - 53 powered by Moonbeam, 86 powered by Moonbase, 12 powered by Astar.</li>
</ul>
</li>
</ul>
So, why vote Aye? 
<ul>
<li>Apillon is the first Polkadot project actively offering services to application-layer Web3 developers. The Apillon platform serves as Polkadot&rsquo;s answer to ThirdWeb, Moralis, Pinata, and other solutions already thriving in external ecosystems.</li>
<li>Apillon would open-source every single line of code, allowing anyone to run a clone of the platform services independently.</li>
<li>Apillon would funnel a share of revenue into an independent bounty fund controlled by Polkadot parachain representatives to fund projects seeking to build on Apillon, further extending the adoption loop by appealing to a wide scope of audiences - from freelancers to enterprise users.</li>
<li>Apillon is the first project that provides access to multiple mature Polkadot parachains and their services and utilizes underlying tokens while simplifying the payment process.</li>
<li>Apillon is directly promoting the ecosystem partners and boosting the growth of the Polkadot Network through executing the business side via DOT, CRU, GLMR, KILT, and other DOT-based tokens.</li>
<li>Apillon provides a "forever"-freemium business model with a wide range of services, lowering the threshold for entering the Web3 space through a newbie-proof Web2 building logic.</li>
</ul>
<a href="https://miro.medium.com/v2/resize:fit:4800/format:webp/1*Kf4rg1crJ13CDOQHpcVWKw.png" target="_blank" rel="noopener"><img src="https://miro.medium.com/v2/resize:fit:4800/format:webp/1*Kf4rg1crJ13CDOQHpcVWKw.png" alt="" width="733" height="260" /></a>
Learn more about Apillon:
<a href="https://ipfs.apillon.io/ipfs/Qmaeq4CpaLMKL4HBX2z2C8QM2ZZEuJvhv8nfWF7FKANZqv" target="_blank" rel="noopener">The full Apillon Proposal</a> <a href="https://www.youtube.com/watch?v=qQJnuvUo-xo" target="_blank" rel="noopener">The Apillon platform Quick Demo</a> <a href="https://ipfs.apillon.io/ipfs/QmZmZLdpeuVN9vpw3WNzJh8F62vzqwZDmrXdh5mBRB1GVh" target="_blank" rel="noopener">The old Apillon Proposal</a> <a href="https://twitter.com/Apillon" target="_blank" rel="noopener">Apillon on X.com</a> We want to make the reasoning behind the new Apillon&rsquo;s Polkadot Treasury Proposal as comprehensive and transparent as possible. We will do our best to provide additional explanations based on your comments.

Deciding

Apillon Platform Milestone 1 Proposal

Polkadot has great concepts and features. A decentralised community driven governance with user votes, low transaction fees, scalability with big transaction capacity by spreading transactions across multiple parallel blockchains, interoperability with cross-blockchain transfers of any type of data or asset, not just tokens. These remarkable attributes of Polkadot are yet to be more widely acknowledged. AIRDROP.COM is committed to raise awareness of crypto projects and educate the broader public about their features. Thus AIRDROP.COM is well positioned to promote and inform the public about Polkadot&rsquo;s great capabilities.
For this reason, our proposal is making Polkadot visible to the right audience through media buying (banners, newsletters and media spaces) and bringing qualified new audiences to Polkadot.
We will do so by doing the following:
<ul>
<li>Creation of knowledge quiz and visual content creation</li>
<li>Creation of high quality informational video content</li>
<li>Media buying</li>
<li>Distribution of DOT through airdrop</li>
<li>KYC to avoid multiple claims</li>
<li>User support</li>
</ul>
Our aim is to reach 61'000 new DOT adopters.
&nbsp;
Resources needed
<img src="https://i.ibb.co/wd9gr0b/budget.png" alt="" width="640" height="454" />
Timeline
<img src="https://i.ibb.co/zH5v2MW/timeline.png" alt="Timeline" width="640" height="267" />
Pre-proposal discussion Q&amp;A
1- Why do we airdrop only 1 DOT ?
1 DOT is not enough for users to use all available features directly. But that is not our aim. The 1 DOT is an incentive to lead the users through :
<ul>
<li>Being aware of all cool possibilities DOT offers</li>
<li>Overcoming the initial step of setting up a wallet</li>
<li>Wanting buy more DOT in order to try out the cool features they have discovered in our information material.</li>
</ul>
Note: Due to existential deposit, fully emptying a wallet and sending its content to an exchange is actually not straight forward, especially for a beginner.
2- What platforms do we intend on using for media buying?
We are using major platforms like coingecko and etherscan to buy media advertising.
3- Who is our KYC provider?
We are using IDanalyser for both face recognition and document verification. You will find more information about our KYC provider including their pricing on <a href="https://www.idanalyzer.com.">https://www.idanalyzer.com.</a>
4- Why allocate a high budget on the promotion video featuring DOT possibilities?
The promotion video is our main conversion tool, we therefore need it to have rich engaging content and high quality edition.
&nbsp;
Our full proposition can be found <a title="Airdrop for General Public Awareness on Polkadot " href="https://docs.google.com/document/d/13co8blYP7HZo2qC5ejVuoA7XRxXOOkvr1eAbMQkxPZQ/edit#heading=h.4jpdrelak8bq" target="_blank" rel="noopener">here</a>.

Increase DOT media visibility through media buying and airdrop campaign

Hey Polkadot Community,
Talisman is requesting that a bounty be funded to support ongoing development and marketing activities. In this proposal we make the case that Talisman to date has generated value greatly in excess of our costs (over an 8x return) and is seeking additional funding.
In order to ensure we are incentivised to create effective products that users really want to use we are asking for the majority of the funding to be on commission basis for tangible results our product generates. Instead of the treasury providing a subsidy for each individual roadmap item which we feel is a poor incentive that generates very limited value for the network. We believe a results based funding model is appropriate for Talisman as it creates a positive feedback loop that will compound the value we create for the Polkadot network over time.
It is a large bounty, yes! But less than 15% is guaranteed as payment, the rest is a potential commission that way may or may not receive during the 7 month duration of this bounty.
This bounty implements an idea called Incentive Pools:
Incentive Pools are a novel concept that I believe can enable the treasury to implement results-based funding and generate better outcomes for DOT holders than our existing approach. The Genesis Incentive Pool will provide a commission for acquiring new stakers, generate more demand for the DOT token than it costs, and accelerate Talisman's transition towards sustainability.
To wrap your head around this referenda I recommend you start here 👇
<a href="https://twitter.com/StillAgyle/status/1703830517374718329">🎥 Video Explainer: What are Incentive Pools? &mdash; 13 mins</a>
<a href="https://twitter.com/StillAgyle/status/1707072166091747532">🎥 Video Explainer: The Genesis Incentive Pool &mdash; 15 mins + questions</a>
<a href="https://talismanwallet.notion.site/Bounty-The-Genesis-Incentive-Pool-356dff7ca1f2488e9134f7c2aab15f14?pvs=4">📜 Proposal: A bounty for the Genesis Incentive Pool</a>
Thanks for your attention!
<a href="../post/1865">See the original incentive pools post here (not necessary to understand the latest, but had lots of community feedback)</a>

Bounty: The Genesis Incentive Pool

<img src="https://i.ibb.co/YXRhvyk/kagome-header.jpg" alt="" width="640" height="320" /> <a href="https://github.com/soramitsu/kagome" target="_blank" rel="noopener">KAGOME</a> is a C++ implementation of the Polkadot Host that is protocol compatible with the original implementation in Rust and can already be used to run Relay chain validators and syncing nodes. With KAGOME and other client implementations we bring client diversity to Polkadot, mitigating risks of fatal bugs in a single client implementation, bringing innovations and broadening the development community. You may watch the most recent <a href="https://youtu.be/TnENz6I9l8A?si=UY5iIqurLlnfsEfV" target="_blank" rel="noopener">presentation</a> during Polkadot Decoded 2023 to learn more about KAGOME.
During previous work as part of <a href="https://docs.google.com/document/d/17_MZYihw7bqRVdW6efi3vRinAk39N_QnAQeU0jRaXQ4/edit#heading=h.yagc8jqu1d54" target="_blank" rel="noopener">Kusama treasury grant</a>, the following results were achieved:
<ul>
<li>Parachains protocol integration</li>
<li>Light clients compatibility</li>
<li>Support for fast and warp synchronizations</li>
<li>Multithreading execution</li>
</ul>
In addition to features that were planned during the previous proposal our team achieved the following:
<ul>
<li><a href="https://twitter.com/kamil_abiy/status/1640715666117492741">First non-Substrate Live validator on Westend network </a></li>
<li><a href="https://twitter.com/kamil_abiy/status/1671406396641021952">Zombienet support </a></li>
<li><a href="https://twitter.com/kamil_abiy/status/1662113322089553921" target="_blank" rel="noopener">Improved performance of Erasure coding library </a></li>
<li><a href="https://twitter.com/kamil_abiy/status/1682410265768329217" target="_blank" rel="noopener">KAGOME joined Thousand Kusama validators programme</a></li>
</ul>
The goals of this proposal are to prepare KAGOME for the upcoming features of Polkadot, such as asynchronous backing, SASSAFRAS, BEEFY, and so on. We also plan to further improve KAGOME by improving RPC and WASM performance. Additionally, we plan to conduct an external security audit to build confidence in KAGOME among node operators. To achieve all of this, the work on the new proposal scope will be a joint effort between Quadrivium, Soramitsu, and SRLabs:
<ul>
<li><a href="https://qdrvm.io">Quadrivium</a> is a team of original C++ developers that developed KAGOME and C++ Libp2p. In August 2023 entire team has spun off from Soramitsu to group Quadrivium that will be responsible for feature implementation.&nbsp;</li>
<li>During this grant proposal implementation <a href="https://soramitsu.co.jp">Soramitsu</a> partners with Quadrivium to provide DevOps, QA and Security services for KAGOME. Soramitsu team is also experienced with KAGOME and Substrate and has necessary expertise to provide necessary infrastructure for testing KAGOME to ensure its stability, conformance with the spec and compatibility with Substrate</li>
<li><a href="https://www.srlabs.de/">SRLabs</a> is a Security Audit company that will be conducting an initial audit of KAGOME. SRLabs already has years of experience in auditing Substrate, which makes it a perfect fit for checking KAGOME</li>
</ul>
In addition, Web3 Foundation will be participating as technical advisor and will provide mentoring and technical support to ensure the completeness of milestones and conforming the <a href="https://spec.polkadot.network/">specification</a>.
The scope of this proposal:
<ul>
<li>Optimized Merkle storage</li>
<li>RPC Improvements: caching, new <a href="https://paritytech.github.io/json-rpc-interface-spec" target="_blank" rel="noopener">interfaces</a></li>
<li>Asynchronous backing</li>
<li>Libp2p improvements: QUIC, WebRTC, DOS protection</li>
<li>SASSAFRAS</li>
<li>BEEFY</li>
<li>New WASM Engine (WASM Edge)</li>
<li>General maintenance</li>
<li>Development infrastructure</li>
<li>Integration tests with Zombienet</li>
<li>Security Audit</li>
</ul>
Requested DOT:&nbsp;253862
Please review the full proposal with detailed tasks descriptions and price breakdown:
<a href="https://docs.google.com/document/d/17ZmueuaMjXY3_SRBHxWtKNHzpLNtSd_KGVfeTII6Nbc/edit?usp=sharing">https://docs.google.com/document/d/17ZmueuaMjXY3_SRBHxWtKNHzpLNtSd_KGVfeTII6Nbc/</a>

KAGOME – the C++ implementation of Polkadot Host milestone 2

The primary goal of this proposal is to confirm the curator candidates and approve the fee allocation. The ink!ubator budget has already been locked, and we are not seeking additional funding. Please check the proposal below. You can also review the process that has been underway for the last 5 months!<h2 id="backgroundonproposal">Background on Proposal</h2>This proposal is to assign a set of Curators for <a href="../bounty/19">Bounty 19</a>.The set of curators consists of six people from different community teams. Their qualifications and Polkadot addresses can be found in the original post for Bounty 19.You can find the full Curator and Facilitator responsibilities and rewards proposal <a href="https://docs.google.com/document/d/14_oZUN1YcbD4nGpVvcFnIAbgOOYshuxPOotasEGGr-s/edit?usp=sharing">here</a>. A short description of the proposal is provided below.As some of you may be aware, our initial referendum was approved but failed to execute due to an on-chain error, preventing us from accessing the funds, and it's the reason of the delay in the Proposals.<h2 id="recentupdateoninkubator">Recent update on ink!ubator</h2>We are excited to provide key updates and highlight the extensive work undertaken to facilitate the onboarding of ink! projects and garner support from prominent teams within the Polkadot ecosystem.To date, we've approved 11 Ecosystem grants, totaling $762,860 USD. Several of these grant recipients are making significant strides, as evidenced by their milestones on <a href="https://github.com/use-inkubator/Grant-Milestone-Delivery/pulls">GitHub</a>.A noteworthy addition to our Builders track is the MuFi team. MuFi is financial and payments infrastructure for creator businesses. The current royalty system lacks an intuitive payments layer that meets rapidly scaling consumption models (ie. Streaming services, social&nbsp;media platforms etc.). 120,000 new tracks are uploaded to Spotify per day-&nbsp;recorded as only 90,000 six months ago. At that rate and scale, it is inevitable&nbsp;that accounting and compliance will be mishandled and prime for forensic auditing, which is why the infrastructure that MuFi delivers is&nbsp;invaluable&nbsp;for any business that needs to scale and make millions of fractional payments, globally.For our Audit track, esteemed curators have identified OpenZepplin and Oak Security as industry leaders in security audits.Concluding our first cohort, we've successfully onboarded and funded over 11 projects. Our team is diligently working to pave the way for ink! to achieve success and widespread adoption.<h2 id="curatorresponsibilitiesandrewards">Curator Responsibilities and Rewards</h2>The tl;dr is that we are requesting $5000 USD as a one time payment per Curator as well as an additional amount based off contributions (e.g submission reviews).There is also a Facilitator reward of approximately $25,000 USD included.The total for the Curator and Facilitator rewards is $97,200 USD.<h2 id="additionalresources">Additional Resources</h2><ul><li><a href="https://github.com/use-inkubator">Ink!ubator GitHub Repository</a></li><li><a href="https://use.ink/ubator/">Ink!ubator Website</a></li><li><a href="71">Initial Proposal on Polkadot Assembly</a></li></ul>To stay informed with our latest advancements, follow our <a href="https://matrix.to/#/#sm-bounty-support:matrix.org">Public Ink!ubator channel on Element</a>.

Executed

Election of curation team - bounty 19: Wasm Smart Contracts Bounty

Proponent: <a href="https://www.composable.finance/">Composable</a> 15YLDvV6Q2NUVEFBN26kRgHyyeH1Bu91NKTwBg3xW3hEVfoj
Date: Aug, 9 2023 (Average price of DOT in the last 30 days is $5.134)
Requested allocation: 194,779.899 DOT (approx. $1m) structured as an indefinite loan which will initially last over the duration of 1 year and re-evaluated on a 6 month basis thereafter.
Short description: The purpose of this proposal is to broaden the reach of DOT in cross-chain DeFi by allocating DOT to be used within the Cosmos ecosystem by first supplying liquidity to leading DEX platforms (Osmosis + Astroport)
<h2 id="contextoftheproposal">Context of the proposal:</h2>
Background: Composable has been developing a full tech stack for cross-chain infrastructure based around its substrate native parachain Picasso. Composable&rsquo;s tech stack is comprised of the following components:
Picasso: Composable&rsquo;s Kusama Parachain
Pablo DEX: where users may swap assets native to the DotSama ecosystem
Centauri: a trustless, IBC-based cross-chain bridge
Cross-Chain Virtual Machine (XCVM): to communicate smart contract instruction sets between chains
Cumulatively, these components focus on the goal of extending the reach of assets native to the DotSama ecosystem by enabling seamless movement and orchestration of assets between external chains.
<h2 id="objectives">Objectives:</h2>
<ul>
<li>Encourage cross-chain adoption of DOT by first providing liquidity to Osmosis DEX within the Cosmos ecosystem and achieving $50,000 of average daily trading volume within the first 3 months</li>
<li>Extend DOT accessibility by collaborating with Neutron to supply liquidity to Astroport DEX and integrate DOT to applications deployed via its platform</li>
<li>Promote Polkadot visibility by acquiring 1,000 new DOT holders within the first 6 months of loan deployment</li>
<li>Integrate DOT with Cosmos applications outside of pure DEX platforms</li>
</ul>
<h2 id="problemstatement">Problem Statement:</h2>
Polkadot network&rsquo;s native token, DOT, holds a current market capitalization of roughly $6.9b. Despite the proliferation of cross-chain DeFi, the DOT token has remained largely isolated within its own ecosystem which has become a point of obstruction for visibility to onboard non-native users. Cross-chain DEX listings act as an entranceway for new users to interact with and utilize a new token across DeFi platforms, but the two largest sources of liquidity for DOT that exist outside of its own ecosystem come from listings on PancakeSwap (BSC) and Osmosis (in the form of axlDOT) which account for just ~$605k of active liquidity with roughly 53% of that TVL residing in PancakeSwap alone.
Although Polkadot has experienced strong growth within its own ecosystems across 40+ parachains operating on the network, DOT has been less than notable amongst its usage in cross-chain applications. As the cross-chain narrative within crypto networks has continued to evolve, DOT has been bottlenecked by the following:
<ul>
<li>
Lack of Decentralized Bridging Solutions to the Polkadot Ecosystem: HRMP channels exist within the Polkadot ecosystem which allow DOT to be transferred amongst existing parachains. HRMP lacks the ability to connect directly to external chains, thus leaving DOT isolated within the Polkadot eco and failing to capitalize on market opportunities throughout additional base layer networks such as Cosmos and Ethereum. Composable has built an IBC (Inter Blockchain Communication) based bridge allowing the transfer of DOT outside of its native chain.
</li>
<li>
Segregated Liquidity and Shortage of Accessible DEX Listings: Polkadot has amassed one of the largest market capitalizations amongst crypto networks (currently #13 by mcap), but has notably been one of the least used tokens throughout cross-chain applications. At the moment, one of the only existing cross-chain uses of DOT is via Axelar&rsquo;s axlDOT pool on Osmosis, which lacks significant liquidity to be used past the pool itself (currently ~ $280k total pool liquidity + $3.5k 24hr volume)
</li>
<li>
Cross-Chain Interaction Beyond Polkadot: DOT allocated towards this proposal will have the ability to move outside of the DotSama ecosystem over Composable&rsquo;s Centauri bridge to access a new DeFi user base, initially via Osmosis. This opens an entirely new opportunity set for DOT to be used within additional platforms and users through dApps and the ability to offer liquidity incentives outside of its native chain.
</li>
</ul>
Through Composable&rsquo;s cross-chain bridging solution, Centauri, DOT may be extended past its native network. Centauri currently allows DOT to be transferred between Polkadot and Kusama, and the Cosmos ecosystem. This proposal seeks to move 188679.245283 DOT (apprx. $1m) from the Polkadot Treasury to Cosmos using Composable&rsquo;s Centauri bridge in order to enable accessible DOT liquidity within the Cosmos ecosystem through DEX liquidity pools on Osmosis.
<h2 id="benefitsandgoals">Benefits and Goals:</h2>
<ul>
<li>Create widespread visibility and use of DOT through cross-chain applications, beginning with Osmosis within Cosmos</li>
<li>Cosmos&rsquo; three most active zones consist of Osmosis, Stride, and the Cosmos Hub which account for ~30,000 daily active users that may be onboarded as new DOT holders and users</li>
<li>Build a tighter relationship in cross-chain DeFi between Polkadot and Cosmos users to encourage assets to be brought back into the Polkadot ecosystem for use amongst parachain applications</li>
</ul>
The goal of this proposal is to achieve cross-chain liquidity for DOT within the Cosmos ecosystem through liquidity pools hosted by Osmosis and Astroport as well as onboard new DOT token holders outside of the ecosystem. Additionally, this initiative is focused not only on moving DOT outside of its native chain, but also garnering attention in order to bring new assets back into DotSama.
<h2 id="ongoinginitiativesfordotwithincosmos">Ongoing Initiatives for DOT within Cosmos</h2>
The following links and mentions highlight initiatives currently underway by the Composable team to integrate DOT across the Cosmos ecosystem, to provide a vision for possibilities of integrating DOT amongst existing dApps:
<ul>
<li>
<a href="https://forum.osmosis.zone/t/implement-composable-s-centauri-bridge-as-the-canonical-route-to-the-polkadot-and-kusama-ecosystem/179/7">Canonical DOT Bridge + Asset on Osmosis</a>
</li>
<li>
DOT/OSMO pool on Osmosis (created; pending visibility via front end update)
</li>
<li>
<a href="https://gov.umee.cc/discussion/12402-listing-proposal-add-support-for-dot">UMEE ibc-DOT Lending</a>
</li>
<li>
<a href="https://community.agoric.com/t/dot-inter-protocol-vaults-collateral-onboarding-discussion/403">Agoric - DOT Vault Collateral for IST</a>
</li>
<li>
<a href="https://app.astroport.fi/pools">Astroport DOT/USDC Pool </a>
</li>
<li>
Mars Protocol - DOT Collateral for Lending (pending discussion post)
</li>
<li>
Cosmos Assets accessible within the DotSama ecosystem via <a href="https://app.pablo.finance/provide-liquidity/">Pablo DEX</a> &ndash; ATOM, stATOM, OSMO, STRD, STARS, SCRT, UMEE, BLD, CRE, NTRN
</li>
</ul>
<h2 id="marketing">Marketing</h2>
Composable will promote and market this proposal over the course of discussion, voting, and deployment to raise awareness around the benefits to both ecosystems and attract users. The following marketing channels will be used in order to achieve maximum visibility around the proposal and its end goals:
i) Twitter Threads &ndash; The proposal will be promoted to both Polkadot and Cosmos community over explanatory Twitter threads explaining the ultimate purpose of the funding and how it will be effectively deployed
ii) Twitter Spaces &ndash; Joint discussion between Composable, Osmosis, and members of Web3 Community
iii) Blog Posts &ndash; Upon completion of the proposal, Composable will release a blog post to its medium encompassing an explanation of the funding, how it is being deployed, what goals it seeks to achieve, how the liquidity in Cosmos can benefit DotSama, and what opportunities this creates for the future New Holder Growth
Within the first year of Osmosis launch, ATOM holders within the Cosmos ecosystem increased by roughly 800,000 new holders (pictured above). ATOM&rsquo;s launch within Osmosis DEX heavily contributed to the ability to onboard new ATOM holder, which we expect a similar effect on a DOT listing with ample liquidity. We will be targeting an initial milestone of 10,000 new DOT holders within the Cosmos ecosystem.
<h2 id="newholdergrowth">New Holder Growth</h2>
<img src="https://i.ibb.co/F0F49kH/Screen-Shot-2023-08-09-at-5-08-40-PM.png" alt="" />
Within the first year of Osmosis launch, ATOM holders within the Cosmos ecosystem increased by roughly 800,000 new holders (pictured above). ATOM&rsquo;s launch within Osmosis DEX heavily contributed to the ability to onboard new ATOM holder, which we expect a similar effect on a DOT listing with ample liquidity. We will be targeting an initial milestone of 10,000 new DOT holders within the Cosmos ecosystem.
<h2 id="roiandrisks">ROI and Risks</h2>
Impermanent Loss
The main risk to any liquidity provider within an AMM is depreciation of total value due to impermanent loss. Impermanent loss impacts an LP most significantly if the price of one asset in the pool increases while the paired asset&rsquo;s price remains stable. To outline a simple version of the expected result in these scenarios, a simple table is included below based on a total LP position of $1000 ($500 of asset A + $500 of asset B). Our expectation is that the ROI on swap fee + incentives will outpace losses due to IL in the pool.
<img src="https://i.ibb.co/rtwT1J1/Screen-Shot-2023-08-09-at-5-21-00-PM.png" alt="" />
<code>$1000 LP position used as example</code>
<img src="https://i.ibb.co/t8SDwq9/Screen-Shot-2023-08-09-at-5-21-11-PM.png" alt="" />
<code>Table to outline potential losses incurred by IL based on movement of both assets within an Osmosis pool</code>
<h2 id="loanrepayment">Loan Repayment</h2>
Despite potential for IL within an AMM liquidity pool, we believe the earning potential of participating in this pool will be able to mitigate any negative returns of participating in the pool. Based on current swap fees and incentive matching program on Osmosis, providing liquidity to a DOT/OSMO pool has the potential returns as follows:
<img src="https://i.ibb.co/8BHX38c/Screen-Shot-2023-08-09-at-5-23-31-PM.png" alt="" /> <img src="https://i.ibb.co/KK1xPd7/Screen-Shot-2023-08-09-at-5-23-38-PM.png" alt="" /> <img src="https://i.ibb.co/4dnjZSk/Screen-Shot-2023-08-09-at-5-23-46-PM.png" alt="" />
In total, using a reasonable estimate of $25,000 Daily Volume + 1yr of Incentives at $500k total liquidity provided, the total amount of return expected should be approximately $68,500 which can be used to offset IL and repurchase DOT to return to treasury. This would be split between liquidity providers (ie, in the case of DOT/OSMO -&gt; 1/2 to be sold back for loan coverage, 1/2 to Osmosis)
Rewards received in the form of OSMO liquidity incentives can be sold on a bi-weekly cadence, as to reduce risk that may be assumed by holding additional assets.
<h2 id="milestonesfordeployment">Milestones for Deployment</h2>
Funds will be received from the treasury and deployed according to milestones outlined in the table below. Success would be achieved through the steps outlined as follows:
<img src="https://i.ibb.co/ys2HpGm/Screen-Shot-2023-08-10-at-9-13-31-AM.png" alt="" />
<h2 id="implementation">Implementation</h2>
Multisig
The DOT received through this proposal will be handled by four multisig addresses across the (i) Polkadot relay chain, (ii) Composable parachain, (iii) Picasso parachain, and (iv) Osmosis chain. The collection of multisigs will be used to handle DOT securely across each cross-chain transfer as funds are moved from Polkadot &rarr; Composable &rarr; Picasso &rarr; Osmosis. Multisig accounts on the DotSama side will be handled via 3-of-5 signature scheme comprised of Henry Love (Fundamental Labs), James Wo (DFG Capital), Notional DAO, Joe DeTommaso (Head of Strategy, Composable), and 0xBrainjar (Head of Research, Composable) Once assets have been moved to Osmosis from the DotSama eco, DOT will be transferred to the Osmosis multisig to be handled as directed only as outlined here via Polkadot governance.
Once successful deployment and milestones have been achieved with Osmosis, a similar multisig outline will be constructed to handle funds moving from Polkadot &rarr; Neutron.
One additional solution is a new suite of secure smart contracts being developed by <a href="https://timewave.computer/">Timewave</a>. Timewave functions as an Interchain Allocator which can facilitate protocol to protocol deal making and spending. In the event that Timewave is utilized, it would reside on the Cosmos side of the needed asset transfers, and would handle the deposit and withdrawal of liquidity to the protocols designated within this proposal.
<h2 id="liquidityprovision">Liquidity Provision</h2>
This proposal will outline explicit instructions for the movement and deployment of DOT received from the Polkadot Treasury as outlined below:
Movement of Funds:
Polkadot Treasury will release initial funds to multisig address (i) where the DOT will then be transferred to multisig address (ii) on the Composable parachain via Centauri.
Two subsequent transfers will then occur. First, Centauri will again be used to move funds from the Composable parachin to multisig address (iii) on the Picasso parachain. Finally, another Centauri transfer will be used to move the DOT from Picasso outside of the ecosystem to multisig (iv) residing on Osmosis (within the Cosmos ecosystem).
Deployment of Funds:
Once funds have been received by the Osmosis multisig, the multisig will add liquidity to the DOT/OSMO pool which has been previously created by the Composable team. OSMO incentive matching will be requested via governance, and through a successful vote, the DOT/OSMO liquidity pool will begin to receive OSMO incentives provided to LP&rsquo;s.
<h2 id="audits">Audits:</h2>
Audits for the Composable stack can be found <a href="https://github.com/ComposableFi/composable/tree/main/audits">here</a>
Appendix
<a href="https://pancakeswap.finance/info/v3/tokens/0x7083609fce4d1d8dc0c979aab8c869ea2c873402">PankcakeSwap</a>
<a href="https://info.osmosis.zone/token/DOT">Osmosis</a>
<a href="https://mapofzones.com/home/cosmoshub-4/overview?columnKey=ibcVolume&amp;period=24h">Map Of Zones</a>
<a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot-rpc.dwellir.com#/treasury">Polkadot Treasury</a>
[DailyDefi IL Calc](<a href="https://dailydefi.org/tools/impermanent-loss-calculator/">https://dailydefi.org/tools/impermanent-loss-calculator/</a> )
<a href="https://www.coingecko.com/en/impermanent-loss-calculator">Coingecko IL Calc</a>
<a href="https://atomscan.com/stats/accounts">AtomScan</a>
&nbsp;
Update &mdash; Multisig: The multsig Polkadot address set to handle this proposal will be :
1ngtfgu1dYwXBTQGzWkaDfgBFeqjzSsYzdLpzNzVENh7kNA This is comprised of the following signers: DFG Capital : 12saVkpyC6LJyk1ELETE76eZD3mtDT2LAdKxd4nEEQVAigyu Notional DAO :&nbsp;12ZJEbSiYQ3XJXSqX1KwicmeXnuDCH2uXadxU2i8VeyXsAre Henry Love :&nbsp;14GFeMR58WfYCXTh4BkZUargD5uaHujneWoYHsTwEceV9rEp Omar Zaki :&nbsp;14kxR7CR4XYdRU2fRdWWFbkZXziM4JCQHCtZpirvZssotHGZ Joe DeTommaso :&nbsp;15YLDvV6Q2NUVEFBN26kRgHyyeH1Bu91NKTwBg3xW3hEVfoj
Update &mdash; Removal of sudo:&nbsp;
<a href="https://docs.composable.finance/networks/picasso/governance">https://docs.composable.finance/networks/picasso/governance</a>

Rejected

Allocate DOT Loan for Use Amongst Cross-Ecosystem DeFi within the Cosmos Ecosystem

Wrong amount submitted, please vote no to this proposal. This is a referendumV2 whose proposer address (15YLDvV6Q2NUVEFBN26kRgHyyeH1Bu91NKTwBg3xW3hEVfoj) is shown in on-chain info below. Only this user can edit this description and the title. If you own this account, login and tell us more about your proposal.

Void - incorrect spend submitted

**Nova Spektr Milestone 3 Proposal:  
Dynamic Derivations, WalletConnect v2, Proxy accounts, Cross-chain transfers, Fiat values, Ethereum address support, Staking improvements, Wallet details, App Store and Microsoft Store:**

[https://docs.google.com/document/d/1QqqXflJsE-Y5xKVYM0KYe8AHRs9apr1QChqv-BLvy94/](https://docs.google.com/document/d/1QqqXflJsE-Y5xKVYM0KYe8AHRs9apr1QChqv-BLvy94/)

![](https://i.ibb.co/dgk44rd/Nova-Spektr-M3.png)

**Feature set of the Nova Spektr M3 proposal (see [proposal](https://docs.google.com/document/d/1QqqXflJsE-Y5xKVYM0KYe8AHRs9apr1QChqv-BLvy94/edit#heading=h.y0kt8dd6f7bb)):**

*   Dynamic Derivations for Polkadot Vault
*   WalletConnect v2 integration
*   Cross-chain transfers
*   Fiat values integration
*   Proxy accounts and transactions
*   Wallet details, forget and rename wallet
*   Distribute the Nova Spektr application to App Store and Microsoft Store
*   In-app updates
*   Staking improvements
*   Ethereum address support

[**Nova Spektr**](https://novaspektr.io) (formerly Omni Enterprise) is an **all-in-one Polkadot desktop application** focused on enterprise adoption that provides a one-stop-shop for stakeholders with advanced needs, enterprises and DAOs, and individual users in the entire ecosystem.

**Nova Spektr** provides the following enterprise-focused feature set:

*   **Support for 70+ Polkadot ecosystem networks**
*   **User-friendly Multisigs for 55+ networks** & all their assets
*   **Multishard staking** for Relay chains and solo-chains
*   **Hardware wallet** support for **Polkadot Vault**
*   **Light client integration** for Polkadot and Kusama support
*   **Parachain Data Verification** for verifying data from public RPC endpoints
*   **Secure & Open source**
*   **[Metadata portal](https://metadata.novasama.io/)** for 70+ Polkadot eco networks
*   **Funded by the Polkadot Treasury**

In July 2022, our previous [(2nd) Treasury Proposal](../treasury/150) was approved, and by June 2023, we successfully delivered upon all the milestone’s proposed features and more. Please refer to [Nova Spektr Release article](https://medium.com/novasama-technologies/meet-nova-spektr-the-all-in-one-polkadot-desktop-wallet-b9918c9a9541), as well as watch [Nova Spektr Demo #1](https://www.youtube.com/watch?v=lwcXwHPS8cw) and read [Milestone 2 report](../post/1848) to review the features which we have delivered.

The ultimate goal for **Nova Spektr is to be all-in-one Polkadot desktop applicaiton**, focused on enterprise, power users, and individuals use cases. This proposal covers the further development of Nova Spektr for the Polkadot & Kusama ecosystems, allowing us to expand the feature set of Nova Spektr to include Dynamic Derivations for Polkadot Vault including derivations import and export; support for Proxy accounts and transactions; fiat value integration; Cross-chain transfers; Ethereum address support; WalletConnect v2 integration for pairing wallet and signing operations; Wallet details; forget and rename wallet; Distribute application in App Store and Microsoft store, and staking improvements

The intended outcomes from this proposal:

*   Implementation of the [proposal's feature set](https://docs.google.com/document/d/1QqqXflJsE-Y5xKVYM0KYe8AHRs9apr1QChqv-BLvy94/edit#heading=h.85ev9ft34nr9) in the Nova Spektr desktop application
*   Reimbursement for additional delivered features as indicated in the [Milestone 2 report](../post/1848)
*   Public demos: every 2-4 weeks (see [YouTube](https://www.youtube.com/@NovaSpektr))
*   GitHub releases: every 1-4 weeks (see [GitHub](https://github.com/novasamatech/nova-spektr/releases))
*   Open-source Desktop application under Apache 2.0 license
*   Maintain and support the [Metadata portal](https://metadata.novasama.io/) under GNU General Public License v3.0
*   Provide support to Nova Spektr users’ & Process the feedback

**Please review the full proposal with a detailed description & costs:**
[https://docs.google.com/document/d/1QqqXflJsE-Y5xKVYM0KYe8AHRs9apr1QChqv-BLvy94/](https://docs.google.com/document/d/1QqqXflJsE-Y5xKVYM0KYe8AHRs9apr1QChqv-BLvy94/)

Nova Spektr Milestone 3 Proposal: Dynamic Derivations, WalletConnect v2, Proxy accounts, Cross-chain transfers, Fiat values, EVM addresses & more

The subject of this referendum is to propose a curator for the Polkadot Assurance Legion (PAL) bounty which was approved in <a href="47">referendum #47</a>.
The goal of the PAL bounty is to make audits more accessible to all consumers of Polkadot blockspace. By improving the auditing capabilities, the bounty aims not only contribute to a greater level of security security but also to help make the Polkadot ecosystem more attractive to new builders. More info in the [original proposal](<a href="https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit">https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit</a>)
The proposed curator address is <code>167dwA1UDmWSBRrFd9dXqXjdk1NRhqVjenT2FbHGDyy44GjS</code> - a pure proxy controlled by a 5/7 multisig comprised of the 7 bounty curators who have been appointed for their reputation and expertise in Rust / Substrate / ink! and (blockchain) security.
Curator fee: 2% (10800 DOT)
Curators:
1) Valery Gantchev / cl0w - Core runtime engineer and head of content at HydraDX. Author of several Substrate pallets. Interested in blockchain / DeFi security.
<code>15BERoWxrWC61cAb4JjpUdM7sy8FAS9uduismDbZ7PURZLto</code>
<a href="https://github.com/vgantchev">https://github.com/vgantchev</a>
<a href="https://twitter.com/cl0w5">https://twitter.com/cl0w5</a>
2) Dominik Harz - CTO at Interlay. Worked on <a href="https://scholar.google.com/citations?user=s6Km5yQAAAAJ&amp;hl=en">economic security</a> of DeFi during his PhD. Interested in formal methods for software security.
<code>5DQ45WTroJTjjaqEQhKVRWGmgfmXtv3atzMZaKSJE5h8tMVS</code>
<a href="https://github.com/nud3l">https://github.com/nud3l</a>
<a href="https://twitter.com/dominik0_">https://twitter.com/dominik0_</a>
3) Bryan Chen - co-founder &amp; CTO of Acala, also one of the top community contributors to Substrate and Polkadot.
<code>14DsLzVyTUTDMm2eP3czwPbH53KgqnQRp3CJJZS9GR7yxGDP</code>
<a href="https://github.com/xlc">https://github.com/xlc</a>
<a href="https://twitter.com/XiliangChen">https://twitter.com/XiliangChen</a>
4) Pierre Ossun - Software engineer focused on WASM contracts at Astar. Writing/reviewing/fixing ink! smart-contracts for 2 years.
<code>1brScQ9KDuFB2EsBc93smHY5T464gjWzzvtnJbBwKofTqad</code>
<a href="https://github.com/PierreOssun">https://github.com/PierreOssun</a>
<a href="https://twitter.com/PierreOssun">https://twitter.com/PierreOssun</a>
5) 0xTaylor - ChaosDAO &amp; Polka H&auml;us Co-Founder, Technical Advisor, Security Researcher, and Consultant.
<code>15aSnCUARuwBoLYn6nkFj5ap2DUfRmKcXJaAotfVwvVQxNK3</code>
<a href="https://github.com/x676f64">https://github.com/x676f64</a>
<a href="https://twitter.com/0xTaylor_">https://twitter.com/0xTaylor_</a>
6) Hang Yin - Co-founder and CTO at Phala Network. 5 years of Web3 core development experience. Author of Phala Network Technical Whitepaper. Operational assistance by Joshua from Phala.
<code>12BZFbrNksTKwHtaBojnVtoN8BoXKmBFzT3xDnHh7P9t2Cg5</code>
<a href="https://github.com/h4x3rotab">https://github.com/h4x3rotab</a>
7) Alberto Viera - Core Contributor to Moonbeam as Developer Relations Manager for over 3 years. Extensive work with XCM and other core Substrate functionalities.
<code>16AhqStFQa8GrffE7WapHrUQ29dmioZHuwFTn4z9fQ7WBGBZ</code>
<a href="https://github.com/albertov19">https://github.com/albertov19</a>

Propose Curator for PAL Bounty

### Bounty to back Apillon Web3 development platform as an open-source, common good infrastructure

**Requested DOT: 999,999**

> Respecting the feedback we garnered and addressing the concerns raised by some community members, we’re introducing certain changes to the Proposal that would, hopefully, reassure everyone of the ecosystem-first objectives of Apillon’s transition to an open-source infrastructure.
Read more about our commitment to respecting community voice and delivering user-first solutions long-term: [How ecosystem engagement helped steer the way of the Apillon Proposal.](https://blog.apillon.io/how-ecosystem-engagement-helped-steer-the-way-of-the-apillon-proposal-93af9f568fdb)

With this Proposal, the Apillon platform would transition to an open-source infrastructure solution with permanent freemium access, governed by the community, and thus become a common good project, further spurring Web3 adoption, Polkadot ecosystem growth, and DOT utility.

Apillon [(apillon.io)](http://www.apillon.io) is a Web3 development platform ([app.apillon.io](http://app.apillon.io)) empowering developers to easily build dapps and other Web3 products in the Polkadot ecosystem.

![](https://miro.medium.com/v2/resize:fit:4800/format:webp/1*Kf4rg1crJ13CDOQHpcVWKw.png)

Currently, the platform provides the functionality of dashboard-based deployment of Web3 services and API connectivity - the parachains’ functionalities are abstracted and translated into ready-to-use, few-click Web3 services that can be combined to power multi-chain Web3 projects.

Through DOT-based open governance by the Apillon community, the platform would undergo future upgrades, including integrations of voted parachain and other services, to best respond to users' needs and deliver user-oriented opportunities for Web3 adoption.

> **The updates to the Proposal are as follows:**
- Proposal format changes from Treasury to Bounty to align with OpenGov funding schemes and give more control to the governance and treasury community, as a direct answer to raised concerns in the public discussion phase.
- The total funding amount changes slightly to compensate for the DOT price volatility and treasury track placement.


![](https://ipfs.apillon.io/ipfs/QmTdJ426x3tpPBmygbafryS4kgqtJu6HtsHQGTBZg8GjCP)

We want to make the concept of Apillon’s Treasury Proposal as comprehensive and transparent as possible. We will do our best to provide additional explanation and information you might request.

**Payout structure**

![](https://ipfs.apillon.io/ipfs/QmYKZYp1Z9mrRrVY374aafMx9K2mg8ELYx8nVxXk6hudMo)

Additional links:

* [The full Apillon Proposal](https://ipfs.apillon.io/ipfs/QmZmZLdpeuVN9vpw3WNzJh8F62vzqwZDmrXdh5mBRB1GVh)
* [The Apillon platform Quick Demo](https://www.youtube.com/watch?v=qQJnuvUo-xo)
* [The official Apillon Proposal announcement](https://blog.apillon.io/apillon-aims-to-foster-web3-adoption-as-a-common-good-infrastructure-solution-on-polkadot-6566508190c5)

- [The AAG on Polkadot and Kusama](https://www.youtube.com/watch?v=ZuE-zxEsOAk) 

Please post any questions, concerns, or feedback in one of the following ways:

* In the comments section below
* In the Polkadot Forum comment section (informal)
* In the Polkadot Direction Element channel comments section (informal)

Bounty to back Apillon Web3 development platform as a common good infrastructure

please vote Nay

Bounty resubmitted at:
https://polkadot.polkassembly.io/referenda/81

deleted

# Background
We are re-submitting this proposal. The bounty itself is already proposed on-chain and approved once. However, the approval of the bounty has to be initiated again, even though the community has already approved it via previous governance. This means we would still have to ensure that the new referendum gets sufficient approval and support to enact and bounty to get funding.

[Here](https://polkadot.polkassembly.io/referendum/101) is the referendum approved but failed to execute.

[Here](https://polkadot.subscan.io/block/14834973?tab=event&event=14834973-0) is the error message we got on-chain.

[Here](https://polkadot.polkassembly.io/post/1491) is the previous community discussion on Polkassembly.

# TLDR;
This bounty aims to nurture and develop WebAssembly smart contracts on parachains. As Gavin mentioned in this CoinDesk article, WebAssembly is the future of smart contracts. However, even in the Polkadot ecosystem, EVM smart contract is the go-to-market solution now simply because lack of ecosystem toolings and dApps new developers can refer to. To bootstrap the Wasm dApps in the ecosystem, we will fund canary dApps and toolings through this bounty.

### Context of This Bounty
Please see this post first. Currently, based on the data, smart contract Parachains are leading the Polkadot ecosystem in terms of market adoption. More projects are deploying dApps on Polkadot Parachains than making Parachains today and this trend will likely continue due to the high resource requirement to deploy a chain. The core problem is that the Polkadot ecosystem only supports EVM at the time of writing this and we are reproducing something which other L1s/L2s can do. One of Polkadot’s main differentiators and default environments is Wasm. In this bounty, we would like to push Wasm smart contracts adoption. The scope is as follows:

- Create easily accessible and audited ink!/ask! smart contract showcases
- Create ink!ubator - an incubation program to support community projects built with ink! and parachains that want to expose select APIs through contracts-pallet “chain extensions”. We will also help facilitate a smart contract auditing market.
- Develop a React hooks library “useInk” - the missing front-end library for Dapps on Polkadot.

# Bounty Proposal
[Here](https://docs.google.com/document/d/1y2QECPsXQktVGZIat_yNKTlodviTecMZ6IbiLNQ4NLM/edit) is the full bounty proposal.

# Curators Candidates
**Sam Ruberti from Parity Technologies (Address: 13zqqP37p8HjLuWr7sha9GcAcYiiDgjqoNS3YbSELtgvaAfb):**
Sam Ruberti is a Senior Rust Developer with ink! and has over twelve years of experience delivering full-stack products for companies including Bloomberg, Peloton, and Clear, and five years of experience building full-stack Dapps in production environments. He has built microservices, DeFi platforms, NFTs, and contributed to open-source libraries for Ethereum.

**Sota Watanabe Astar Foundation (Address: 13VyvkXX3dYyeT7oAmaipZYNHzFJXofC5V8eqMuzd1isXY84):** Sota Watanabe is the founder of Astar Network. He joined the web3 space in 2015 and started developing Astar Network in 2019. Apart from his achievements, he is a director of the Japan Blockchain Association and used to be a blockchain researcher at the University of Tokyo and a task force member of Trusted Web led by the Japanese government. In addition to that, he was chosen for Forbes 30 Under 30 Asia in the IT division and Forbes 30 Under 30 Japan.

**Hernando Castano from Parity Technologies (Address: 15FjwNSxHhaJeknJjbydSo561ti1ea8sf3Y1fA263emujzxW):** Hernando is a Core Developer at Parity Technologies. Hernando joined the blockchain space in 2017, initially curious about the world of smart contracts on Ethereum. In 2019, Hernando joined Parity Technologies to work on the Parity Ethereum client, and has since transitioned to the team working on the ink! programming language.

**Markian Ivanichok 727 Ventures (address: 13WXZz9tau7fd7Vdd1E6mr79sKA6vMJZkhinJGPCr1fdz6Ae):** Founder & CEO at 727.ventures, Brushfam & Dedali Metaverse. Web3 entrepreneur, Software Engineer. Brushfam onboards businesses to Polkadot WASM. Projects: Openbrush(Openzeppelin of WASM ink!), Typechain for ink!, sol2ink (transpiler from solidity to ink!), and substrate/ink! contribution itself. Also, WASM conference, was the first web3 WASM conference and gathered ~1000 participants.

**Hang Yin from Phala Network (address: 12BZFbrNksTKwHtaBojnVtoN8BoXKmBFzT3xDnHh7P9t2Cg5):** Co-founder and CTO at Phala Network. 5 years of Web3 core development and entrepreneur experience. Author of Phala Network Technical Whitepaper. Lead the team to build an off-chain computing protocol based on ink! and Substrate with 30k online servers. Ex-Googler on Machine Learning before joining Web3.

**Michał Świętek , Development Lead at Aleph Zero (Address: 15aDcCgxcWtizDirZ6gms1ihvHihvKbntkJeZmojjpq3337q) :**  For a couple of years, Michał has been fully devoted to the Aleph Zero project. From co-designing novel consensus mechanisms, and writing the first lines of code in core repositories, to the high-level architecture of Aleph Zero node implementation.

Wasm Smart Contracts Bounty #19

Metadata for offline signers

Requested bounty: **540,000 DOT**

The subject of this proposal is to set up a bounty which will be used to help selected Polkadot parachains undergo rigorous audit procedures. 

The primary goal of the proposal is to contribute to an overall greater level of security in the Polkadot ecosystem. Its secondary goal is to establish a pool of high-quality auditing companies specialized in Rust (specifically Substrate pallets and ink! smart contracts) which, over time, will help make audits more accessible for the whole Polkadot ecosystem, and make Substrate more attractive to new builders.

This proposal is brought forward by the Polkadot Assurance Legion (PAL) - a security governance club comprising the following parachain teams: HydraDX, Interlay, Astar Network, Manta Network, Acala, Centrifuge, Zeitgeist and Equilibrium.

Payouts via the bounty mechanism are open to any Polkadot parachain, subject to a set of eligibility criteria and criteria for determining priority.

The bounty will be managed by 7 curators who are well known within the Substrate community for their expertise in Rust development and security.

Full proposal:
[https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i](https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i)

Approve Polkadot Assurance Legion Bounty

Dear community,

This is an OpenGov submission of [motion 420](https://polkadot.subsquare.io/council/motion/420) to help the Matrix.org foundation with upstream funding.  The motion was originally submitted by council member Wei after the launch of OpenGov which may have attributed to lower than expected council voter turnout.  Wei has articulated his argument for funding [here ](https://forum.corepaper.org/post/!AZvsRzlxPPMqKlMwMB:pacna.org) and I agree with the testimonies quoted in the write-up.

- For details -> [https://forum.corepaper.org/post/!AZvsRzlxPPMqKlMwMB:pacna.org](https://forum.corepaper.org/post/!AZvsRzlxPPMqKlMwMB:pacna.org)
- Proof of address as shared by Wei is as follows -> [http://web.archive.org/web/20230610014530/https://matrix.org/](http://web.archive.org/web/20230610014530/https://matrix.org/)

I'll leave it Wei and patrons to keep abreast with any discussions.

Regards,

OpenGov submission of Motion 420 - Upstream funding Matrix.org Foundation

Link to previous discussions: https://polkadot.polkassembly.io/post/1812

Due to the length of the content, we have posted the description below. It allows better access to the information, as normally this description is automatically collapsed.


-- This is a referendumV2 whose proposer address (1fN87Fgj5BUhezFgbLiGbXTMrBVggnmYBX9anzMBky8KaJ5) is shown in on-chain info below. ---

Ledger Apps Maintenance Proposal (Polkadot, Kusama, Statemine, Statemint)

**Nova Wallet 4th Proposal: Multistaking dashboard, Staking Nomination Pools, WalletConnect v2, New Assets tab UI, Community Requested Features, Reimbursement for delivered features:**

[https://docs.google.com/document/d/13SzuZ_sUWnn3AAUJfHn-ld1ww8BGKRagTD8P30pg5tU](https://docs.google.com/document/d/13SzuZ_sUWnn3AAUJfHn-ld1ww8BGKRagTD8P30pg5tU)

\
![](https://i.postimg.cc/WbDtR1Yb/Nova-Wallet-3rd-proposal.png)

**Feature set of the proposal (see [proposal](https://docs.google.com/document/d/13SzuZ_sUWnn3AAUJfHn-ld1ww8BGKRagTD8P30pg5tU))**
- Multistaking dashboard
- Staking Nomination Pools
- WalletConnect v2
- New Assets tab UI
- Community Requested Features
- Reimbursement for delivered features


\
**Context of the proposal:**
\
[Nova Wallet](https://novawallet.io/) is the leading **mobile app for the Polkadot and Kusama ecosystem**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🌌 **70+** Polkadot eco & EVM networks 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🔀 **250+** Cross-chain channels

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🥞 **User-friendly staking**: DOT, KSM, GLMR, MOVR, PDEX, AZERO, TUR, CAPS, KMA

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🙋🏼‍♀️ **OpenGov, Agile Delegations** & **Governance v1** support

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🌐 **DApp browser** with support for the Polkadot JS & MetaMask protocols 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🖼 Access to RMRK & Statemine **NFTs**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 📱 **Hardware wallets** support for Parity Signer & Ledger Nano X

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🚀 Polkadot & Kusama **Crowdloans** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 💖 Amazing & User-friendly UX/UI

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ✨ Community-focused

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ⚡️ Fast & Feature-rich

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🦾 Secure & Open source

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🙆 **50 000+ active users** on both iOS/Android

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 🎁 **Funded by the Polkadot, Kusama, Moonbeam, Moonriver, KILT Treasuries**, working with **130+ teams** in the eco	


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In December 2022, our previous (3rd) Treasury Proposal was [approved](https://www.dotreasury.com/dot/proposals/199), and now by April 2023, we have successfully delivered upon all the proposed features and more. Please refer to [Nova Wallet Demo #32](https://youtu.be/Y-HrkoHY0fI) in order to review the features which we have delivered upon: 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Our goal** for [Nova Wallet](https://novawallet.io/) is to build and maintain a high quality, open source, community-focused, and feature rich mobile application, which will have no network biases and can function with no limitations/restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apart from developing open source Nova Wallet [iOS](https://github.com/nova-wallet/nova-ios-app) & [Android](https://github.com/nova-wallet/nova-android-app) mobile apps, our team is **consistently contributing to the Polkadot ecosystem** by providing open source SDKs, design assets, knowledge-sharing sessions, and infrastructure. Examples include:

- Substrate SDKs for [iOS](https://github.com/nova-wallet/substrate-sdk-ios) and [Android](https://github.com/nova-wallet/substrate-sdk-android) development
- [Nova Utils GitHub](https://github.com/nova-wallet/nova-utils) — metadata & configs for networks, crowdloans, DApps, cross-chain transfers
- SubQuery API projects [developed](https://github.com/nova-wallet/subquery-nova) and [hosted](https://nova-wallet.github.io/subquery-nova/) by Nova Wallet team
- [Nova Assets Figma](https://www.figma.com/community/file/1039874427311142565) — Polkadot eco tokens, networks, DApps
- [Hosted metadata portal](https://nova-wallet.github.io/metadata-portal/#/polkadot) for Polkadot & Kusama ecosystem networks — metadata portal for [Parity Signer](https://www.parity.io/technologies/signer/), ecosystem hardware wallet
- [Polkadot in Action](https://www.youtube.com/playlist?list=PLi8ol7g_VgHE6ODDyvaWyLn-JhFIiERB_) — series of videos & articles focused on onboarding people to help utilize the power of Polkadot & Kusama ecosystem through the Nova Wallet
- [Delegate Registry](https://github.com/nova-wallet/opengov-delegate-registry) — an open-source repository for Delegates to fill out their information to attract more delegations through the Agile Delegation feature
Other apps are using it (besides Nova Wallet): [OpenGov Insights](https://opengov.metakosmia.host/#/delegates)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This proposal covers the further development of Nova Wallet as a mobile application for the Polkadot & Kusama ecosystems, **allowing us to expand upon the already large set of features** contained within Nova Wallet by expanding **Staking features with Nomination Pool support** and **Multistaking dashboard**, **WalletConnect v2 integration**, **Assets UI upgrade**, and **fulfilling various requests by the community**, further **elevating the UX of Nova Wallet**.

\
**The intended outcomes from this proposal:**

- 6 months implementation of this proposal’s feature set for the Nova Wallet iOS and Android apps (as described in [The feature set of the proposal](https://docs.google.com/document/d/13SzuZ_sUWnn3AAUJfHn-ld1ww8BGKRagTD8P30pg5tU/edit#heading=h.85ev9ft34nr9) section)
- Reimbursement for delivered features
- Public demos: **every 2-4 weeks** (see [YouTube](https://www.youtube.com/@NovaWallet))
- Updates to AppStore / Google Play: **every 1-4 weeks**
- Open source iOS and Android mobile apps under **Apache 2.0 license**
- Open source iOS and Android Substrate SDKs under **Apache 2.0 license**

\
**Please review the full proposal with a detailed description & costs:**
[https://docs.google.com/document/d/13SzuZ_sUWnn3AAUJfHn-ld1ww8BGKRagTD8P30pg5tU](https://docs.google.com/document/d/13SzuZ_sUWnn3AAUJfHn-ld1ww8BGKRagTD8P30pg5tU)


Nova Wallet 4th Proposal: Multistaking dashboard, Staking Nomination Pools, WalletConnect v2, New Assets tab UI, Community Requested Features, Reimbursement for delivered features

[34] Origin: BigSpender