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

big_spender

- Gulcan is part of a group called Rise In that helps web2 developers learn about web3 for free.
- They have over 200,000 web2 developers, with 25,000 learning through web3 programs.
- They work with partners like Polkadot to run developer bootcamps, especially in Turkey.
- More than 2,000 students joined bootcamps in Turkey and learned about the Rust and Substrate Ecosystem.
- Rise In has started programs in India, attracting over 10,000 developers interested in web3.
- They face challenges in keeping developers in the ecosystem, including needing more success stories and local communities.
- In 2024, they plan to have online courses and events in Turkey and India to engage 10,000 developers for Polkadot. 
- They hope to encourage at least 500 developers to work on projects and create new wallet addresses in the ecosystem.

Rejected

WHO: Rise In, in partnership with Unique Network, Apillon, Kilt, and Bifrost Finance.

WHAT: Create a training and career-building program for developers in Turkey and India to onboard 10,000 developers across Turkey and India in 2024 for the Polkadot Ecosystem.

PRICE/TIMEFRAME/RESOURCES: Not specified.

 [VOTE NAY - RESUBMISSION IN PROCESS] Activation and retention of developers in Turkey and India for the Polkadot Ecosystem

- The Totem Kapex Parachain Team is asking for a loan of 2,250,000 USD from the Polkadot Treasury.
- They will give 5% of their token to everyone who votes, both for and against the proposal.
- The team promises to return 2,700,000 USD, including interest, in about two years.
- They will lock up some of their tokens as collateral, which means they can't sell them.
- The money will be used to grow the team, pay for partnerships, and cover costs to stay in the Polkadot network.
- This loan is seen as a new way to help teams without traditional funding.
- The community is encouraged to talk and think carefully before voting on this proposal.

Totem Kapex Parachain Team requests a 2x collateralized loan of 2,250,000 USD from the Polkadot Treasury. A 5% airdrop of the native parachain token will be given to all Aye and Nay voters if successful. Loan value repayable to Treasury is 2,700,000.00 USD, with a target repayment date of Month 24. The loan will be primarily used to meet the commitments of recent important new partnerships, to allow them to renew their parachain lease/buy core time, to cover the legal and regulatory aspects of listing, including listing fees, and to cover operational costs for the next 9 months.

Treasury Proposal: Parachain Loan Financing (PLF) Kapex Parachain

KAGOME Treasury Proposal 2 outlines a plan to get more funding for KAGOME, a program written in C++ that helps run Polkadot's relay chain. Here are some key points:

- KAGOME aims to provide a different way to run Polkadot, which helps reduce risks in software problems.
- The Quadrivium team wants to improve security and develop the KAGOME program further.
- Having multiple ways to run Polkadot allows for faster improvements and a bigger community of developers.
- The team is experienced and has been working together for 3-4 years, ensuring high-quality work.
- KAGOME is already helping secure networks like Kusama and Westend.
- This proposal seeks funding for key features like Asynchronous backing and security audits.
- The team hopes to adjust the proposal and complete it faster and at a lower cost than before.

Executed

Quadrivium seeks funding for the development and security audit of KAGOME, a C++ Polkadot Host implementation, to increase client diversity in the ecosystem. The proposal includes implementing BEEFY, Async backing, and WasmEdge integration, as well as general maintenance and minor improvements. The requested DOT is 168432, and the proposal duration is 4 months. SRLabs will conduct the security audit, and Quadrivium will handle DevOps and QA.

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

Removed

- The Polkadot Blockchain Academy (PBA) is a program that teaches students about blockchain technology.
- It took place at UC Berkeley from July 10 to August 10, 2023.
- The program had 75 students: 55 learned to be developers and 20 tried a special track for future founders.
- The academy aims to help people learn how to use Polkadot and create new projects.
- They offer in-person classes and are also making online courses available.
- There is a proposal for additional funding to support this program's work.
- More details can be found in the provided link.

WHO: Polkadot Blockchain Academy (PBA)

WHAT: Requesting retroactive funding for the third wave of the Academy, which educated 75 students in Polkadot development and founding.

PRICE/TIMEFRAME/RESOURCES: Details not provided.

Polkadot Blockchain Academy - retroactive funding for wave 3 of the Academy held at UC Berkeley this Summer.

Apillon has submitted a new proposal for Polkadot Treasury funding to support the development of their Web3 platform. The platform aims to switch to a growth-oriented SaaS model with various subscription options and free access. They also plan to give back to the community through a Web3 Adoption Bounty to support new builders on Polkadot. 

In less than a year, Apillon has gained 951 developers, 432 active developers, and 523 projects created. They offer services like Web3 Storage, Web3 Hosting, and NFTs. Voting "Aye" for Apillon supports their goal to provide services to Web3 developers, open-source their code, and fund projects on their platform. Apillon also promotes ecosystem partners and uses DOT-based tokens for growth. They offer a freemium model to make Web3 more accessible.

_(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’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:**

-   Overall number of developers: 951
-   Number of active developers: 432
-   Number of projects created: 523
-   Service breakdown:
    -   Web3 Storage: 47,692 files uploaded, adding up to 31 GB of data
    -   Web3 Hosting: 174 webpages hosted - 72 pushed to production
    -   NFTs: 151 NFT collections created - 53 powered by Moonbeam, 86 powered by Moonbase, 12 powered by Astar.

**So, why vote Aye?**

-   Apillon is the first Polkadot project actively offering services to application-layer Web3 developers. The Apillon platform serves as Polkadot’s answer to ThirdWeb, Moralis, Pinata, and other solutions already thriving in external ecosystems.
-   Apillon would open-source every single line of code, allowing anyone to run a clone of the platform services independently.
-   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.
-   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.
-   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.
-   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.

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

Learn more about Apillon:

[The full Apillon Proposal](https://ipfs.apillon.io/ipfs/Qmaeq4CpaLMKL4HBX2z2C8QM2ZZEuJvhv8nfWF7FKANZqv)  
[The Apillon platform Quick Demo](https://www.youtube.com/watch?v=qQJnuvUo-xo)  
[The old Apillon Proposal](https://ipfs.apillon.io/ipfs/QmZmZLdpeuVN9vpw3WNzJh8F62vzqwZDmrXdh5mBRB1GVh)  
[Apillon on X.com](https://twitter.com/Apillon)  
  
  
We want to make the reasoning behind the new Apillon’s Polkadot Treasury Proposal as comprehensive and transparent as possible. We will do our best to provide additional explanations based on your comments.

WHO: Apillon platform

WHAT: Filed a revised proposal for Polkadot Treasury funding to cover the technical development of the Apillon Web3 development platform. They also propose to establish a Web3 Adoption Bounty to support up-and-coming Web3 projects building in Polkadot or on the Apillon platform.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Apillon Platform Milestone 1 Proposal

Polkadot is a cryptocurrency with great features like decentralized governance, low fees, scalability, and interoperability. AIRDROP.COM wants to help people learn about Polkadot by:

1. Making a fun quiz and cool pictures.
2. Making a high-quality video about Polkadot.
3. Buying space on websites and newsletters to show these things.
4. Giving away some DOT tokens.
5. Checking who gets the tokens to make sure people don't take more than one.
6. Helping users if they have questions.

They want to get 61,000 new people to use DOT tokens. They will spend money on making a great video and showing it on big websites like CoinGecko and Etherscan. They will use a company called IDanalyser to check who gets the tokens. The video is important because it will help people understand how cool Polkadot is.

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’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:

-   Creation of knowledge quiz and visual content creation
-   Creation of high quality informational video content
-   Media buying
-   Distribution of DOT through airdrop
-   KYC to avoid multiple claims
-   User support

Our aim is to reach **61'000 new DOT adopters**.

Resources needed

![](https://i.ibb.co/wd9gr0b/budget.png)

**Timeline**

**![Timeline](https://i.ibb.co/zH5v2MW/timeline.png)**

**Pre-proposal discussion Q&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 :

-   Being aware of all cool possibilities DOT offers
-   Overcoming the initial step of setting up a wallet
-   Wanting buy more DOT in order to try out the cool features they have discovered in our information material.

_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 [https://www.idanalyzer.com.](https://www.idanalyzer.com.)

**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.

Our full proposition can be found [here](https://docs.google.com/document/d/13co8blYP7HZo2qC5ejVuoA7XRxXOOkvr1eAbMQkxPZQ/edit#heading=h.4jpdrelak8bq "Airdrop for General Public Awareness on Polkadot ").

AIRDROP.COM proposes to promote Polkadot's features through media buying, creation of content, and DOT airdrops. They aim to reach 61,000 new DOT adopters. The proposal requires a budget of $150,000 and will be implemented over a period of 2 months. They will use IDanalyser for KYC and major platforms like coingecko and etherscan for media buying.

Increase DOT media visibility through media buying and airdrop campaign

- Talisman wants money to help with development and marketing.
- They say they have made more money than they spent (over 8 times more).
- They want most money to be based on how well they do, not just for working on tasks.
- This plan is called **Incentive Pools**.
- Incentive Pools will help Talisman earn money by getting more people to use their services.
- Only 15% of the money is guaranteed; the rest depends on results over 7 months.
- They believe this will make Talisman better for everyone using the Polkadot network.

Talisman requests a bounty for ongoing development and marketing activities on a commission basis for tangible results. The proposal implements Incentive Pools, with less than 15% guaranteed as payment and the rest as a potential commission during the 7-month duration. 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. The proposal can be found at https://talismanwallet.notion.site/Bounty-The-Genesis-Incentive-Pool-356dff7ca1f2488e9134f7c2aab15f14?pvs=4.

Bounty: The Genesis Incentive Pool

KAGOME is a C++ implementation of the Polkadot Host that works with the Relay chain validators and syncing nodes. It helps make Polkadot safer by having different client implementations. The team has done work with the help of a grant and has added features like Parachains protocol integration and support for fast and warp synchronizations. They also made KAGOME better by improving its performance and adding new features.

Now, the team has a new plan to make KAGOME even better for Polkadot's upcoming features. They will work on improving RPC and WASM performance and conduct a security audit to make node operators trust KAGOME more. The work will be done by Quadrivium, Soramitsu, and SRLabs, with help from the Web3 Foundation.

The new plan includes optimizing Merkle storage, improving RPC, adding new features like asynchronous backing and SASSAFRAS, and doing a security audit. The team has asked for 253,862 DOT to complete this plan. You can read the full proposal with more details and prices here: [link](https://docs.google.com/document/d/17ZmueuaMjXY3_SRBHxWtKNHzpLNtSd_KGVfeTII6Nbc/edit?usp=sharing).

![](https://i.ibb.co/YXRhvyk/kagome-header.jpg)  
[KAGOME](https://github.com/soramitsu/kagome) 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 [presentation](https://youtu.be/TnENz6I9l8A?si=UY5iIqurLlnfsEfV) during Polkadot Decoded 2023 to learn more about KAGOME.

During previous work as part of [Kusama treasury grant](https://docs.google.com/document/d/17_MZYihw7bqRVdW6efi3vRinAk39N_QnAQeU0jRaXQ4/edit#heading=h.yagc8jqu1d54), the following results were achieved:

-   Parachains protocol integration
-   Light clients compatibility
-   Support for fast and warp synchronizations
-   Multithreading execution

In addition to features that were planned during the previous proposal our team achieved the following:

-   [First non-Substrate Live validator on Westend network](https://twitter.com/kamil_abiy/status/1640715666117492741)
-   [Zombienet support](https://twitter.com/kamil_abiy/status/1671406396641021952)
-   [Improved performance of Erasure coding library](https://twitter.com/kamil_abiy/status/1662113322089553921)
-   [KAGOME joined Thousand Kusama validators programme](https://twitter.com/kamil_abiy/status/1682410265768329217)

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:

-   [**Quadrivium**](https://qdrvm.io) 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. 
-   During this grant proposal implementation [**Soramitsu**](https://soramitsu.co.jp) 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
-   [**SRLabs**](https://www.srlabs.de/) 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

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 [specification](https://spec.polkadot.network/).

**The scope of this proposal:**

-   Optimized Merkle storage
-   RPC Improvements: caching, new [interfaces](https://paritytech.github.io/json-rpc-interface-spec)
-   Asynchronous backing
-   Libp2p improvements: QUIC, WebRTC, DOS protection
-   SASSAFRAS
-   BEEFY
-   New WASM Engine (WASM Edge)
-   General maintenance
-   Development infrastructure
-   Integration tests with Zombienet
-   Security Audit

**Requested DOT: 253862**

**Please review the full proposal with detailed tasks descriptions and price breakdown:**

[https://docs.google.com/document/d/17ZmueuaMjXY3\_SRBHxWtKNHzpLNtSd\_KGVfeTII6Nbc/](https://docs.google.com/document/d/17ZmueuaMjXY3_SRBHxWtKNHzpLNtSd_KGVfeTII6Nbc/edit?usp=sharing)

WHO: Quadrivium, Soramitsu, SRLabs, and Web3 Foundation.

WHAT: Prepare KAGOME for upcoming Polkadot features, improve RPC and WASM performance, conduct an external security audit, and perform general maintenance.

PRICE/TIMEFRAME/RESOURCES: Requested DOT 253,862. Full proposal with detailed tasks descriptions and price breakdown available at https://docs.google.com/document/d/17ZmueuaMjXY3_SRBHxWtKNHzpLNtSd_KGVfeTII6Nbc/.

- This proposal is about choosing curators for a project called Bounty 19.
- It wants to officially confirm the six community members as curators and agrees on a payment plan.
- The ink!ubator budget is already set, so no more money is needed.
- In the last five months, 11 projects received grants totaling $762,860.
- The MuFi team works on payments for creators and helps handle many transactions.
- Curators will receive $5,000 each, plus extra for their work, totaling $97,200 for all curators and facilitators.
- You can find more information on their GitHub and website.

This is a ReferendumV2 post. It can only be edited by the proposer of the post .

The proposal aims to confirm curator candidates and approve fee allocation for Bounty 19. WHO: ink!ubator. WHAT: assign curators and facilitator, request $97,200 USD for rewards. FOR WHAT: Bounty 19. No additional funding is sought.

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

Composable has proposed a plan to expand the use of DOT, the native token of the Polkadot network, in cross-chain decentralized finance (DeFi). They want to loan 194,779.899 DOT (about $1 million) to supply liquidity to leading decentralized exchange (DEX) platforms in the Cosmos ecosystem, like Osmosis and Astroport. The main goals are to increase DOT's adoption, make it more accessible, and attract new DOT holders. They also plan to use their cross-chain bridge, Centauri, to move DOT outside of its native network and create more opportunities for DOT in other platforms and users. Composable will promote this proposal through various marketing channels and expects to onboard 10,000 new DOT holders within the Cosmos ecosystem. They believe the potential returns from providing liquidity will offset any losses due to impermanent loss in the liquidity pool. The DOT will be handled by multisig addresses across different chains for security during cross-chain transfers.

**Proponent:** [Composable](https://www.composable.finance/) 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)

## **Context of the proposal:**

**Background:** Composable has been developing a full tech stack for cross-chain infrastructure based around its substrate native parachain Picasso. Composable’s tech stack is comprised of the following components:

**Picasso:** Composable’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.

## **Objectives:**

-   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
-   Extend DOT accessibility by collaborating with Neutron to supply liquidity to Astroport DEX and integrate DOT to applications deployed via its platform
-   Promote Polkadot visibility by acquiring 1,000 new DOT holders within the first 6 months of loan deployment
-   Integrate DOT with Cosmos applications outside of pure DEX platforms

## **Problem Statement:**

Polkadot network’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:

-   **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.
    
-   **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’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)
    
-   **Cross-Chain Interaction Beyond Polkadot:** DOT allocated towards this proposal will have the ability to move outside of the DotSama ecosystem over Composable’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.
    

Through Composable’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’s Centauri bridge in order to enable accessible DOT liquidity within the Cosmos ecosystem through DEX liquidity pools on Osmosis.

## **Benefits and Goals:**

-   Create widespread visibility and use of DOT through cross-chain applications, beginning with Osmosis within Cosmos
-   Cosmos’ 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
-   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

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.

## **Ongoing Initiatives for DOT within Cosmos**

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:

-   [Canonical DOT Bridge + Asset on Osmosis](https://forum.osmosis.zone/t/implement-composable-s-centauri-bridge-as-the-canonical-route-to-the-polkadot-and-kusama-ecosystem/179/7)
    
-   DOT/OSMO pool on Osmosis (created; pending visibility via front end update)
    
-   [UMEE ibc-DOT Lending](https://gov.umee.cc/discussion/12402-listing-proposal-add-support-for-dot)
    
-   [Agoric - DOT Vault Collateral for IST](https://community.agoric.com/t/dot-inter-protocol-vaults-collateral-onboarding-discussion/403)
    
-   [Astroport DOT/USDC Pool](https://app.astroport.fi/pools)
    
-   Mars Protocol - DOT Collateral for Lending (pending discussion post)
    
-   Cosmos Assets accessible within the DotSama ecosystem via [Pablo DEX](https://app.pablo.finance/provide-liquidity/) – ATOM, stATOM, OSMO, STRD, STARS, SCRT, UMEE, BLD, CRE, NTRN
    

## **Marketing**

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** – 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** – Joint discussion between Composable, Osmosis, and members of Web3 Community

**iii) Blog Posts** – 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’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.

## **New Holder Growth**

![](https://i.ibb.co/F0F49kH/Screen-Shot-2023-08-09-at-5-08-40-PM.png)

Within the first year of Osmosis launch, ATOM holders within the Cosmos ecosystem increased by roughly 800,000 new holders (pictured above). ATOM’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.

## **ROI and Risks**

**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’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.

![](https://i.ibb.co/rtwT1J1/Screen-Shot-2023-08-09-at-5-21-00-PM.png)

`$1000 LP position used as example`

![](https://i.ibb.co/t8SDwq9/Screen-Shot-2023-08-09-at-5-21-11-PM.png)

`Table to outline potential losses incurred by IL based on movement of both assets within an Osmosis pool`

## **Loan Repayment**

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:

![](https://i.ibb.co/8BHX38c/Screen-Shot-2023-08-09-at-5-23-31-PM.png) ![](https://i.ibb.co/KK1xPd7/Screen-Shot-2023-08-09-at-5-23-38-PM.png) ![](https://i.ibb.co/4dnjZSk/Screen-Shot-2023-08-09-at-5-23-46-PM.png)

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 -> 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.

## **Milestones for Deployment**

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:

![](https://i.ibb.co/ys2HpGm/Screen-Shot-2023-08-10-at-9-13-31-AM.png)

## **Implementation**

**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 → Composable → Picasso → 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 → Neutron.

One additional solution is a new suite of secure smart contracts being developed by [Timewave](https://timewave.computer/). 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.

## **Liquidity Provision**

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’s.

## **Audits:**

Audits for the Composable stack can be found [here](https://github.com/ComposableFi/composable/tree/main/audits)

**Appendix**

[PankcakeSwap](https://pancakeswap.finance/info/v3/tokens/0x7083609fce4d1d8dc0c979aab8c869ea2c873402)

[Osmosis](https://info.osmosis.zone/token/DOT)

[Map Of Zones](https://mapofzones.com/home/cosmoshub-4/overview?columnKey=ibcVolume&period=24h)

[Polkadot Treasury](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot-rpc.dwellir.com#/treasury)

\[DailyDefi IL Calc\]([https://dailydefi.org/tools/impermanent-loss-calculator/](https://dailydefi.org/tools/impermanent-loss-calculator/) )

[Coingecko IL Calc](https://www.coingecko.com/en/impermanent-loss-calculator)

[AtomScan](https://atomscan.com/stats/accounts)

**Update — 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 : 12ZJEbSiYQ3XJXSqX1KwicmeXnuDCH2uXadxU2i8VeyXsAre  
Henry Love : 14GFeMR58WfYCXTh4BkZUargD5uaHujneWoYHsTwEceV9rEp  
Omar Zaki : 14kxR7CR4XYdRU2fRdWWFbkZXziM4JCQHCtZpirvZssotHGZ  
Joe DeTommaso : 15YLDvV6Q2NUVEFBN26kRgHyyeH1Bu91NKTwBg3xW3hEVfoj

**Update — Removal of sudo:** 

[https://docs.composable.finance/networks/picasso/governance](https://docs.composable.finance/networks/picasso/governance)

Composable proposes to allocate 194,779.899 DOT (approx. $1m) as an indefinite loan to provide liquidity to Osmosis and Astroport DEX platforms within the Cosmos ecosystem. The goal is to encourage cross-chain adoption of DOT, extend DOT accessibility, promote Polkadot visibility, and integrate DOT with Cosmos applications. The loan will initially last over the duration of 1 year and re-evaluated on a 6-month basis thereafter. The proposal outlines explicit instructions for the movement and deployment of DOT received from the Polkadot Treasury, and the expected ROI on swap fee + incentives will outpace losses due to impermanent loss. The goal is to achieve $50,000 of average daily trading volume within the first 3 months and acquire 1,000 new DOT holders within the first 6 months of loan deployment.

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

Void - incorrect spend submitted

**Nova Spektr Milestone 3 Proposal Summary:**

- **Nova Spektr** is a Polkadot desktop application for enterprises and users.
- The proposal includes new features like Dynamic Derivations, WalletConnect v2, and cross-chain transfers.
- It aims to improve staking, add Ethereum address support, and integrate fiat values.
- The app will be distributed on the App Store and Microsoft Store.
- The proposal includes public demos, GitHub releases, and open-source code.
- The goal is to make Nova Spektr a comprehensive Polkadot tool for all users.

Nova Spektr proposes to develop new features for their all-in-one Polkadot desktop application, including Dynamic Derivations, WalletConnect v2 integration, Proxy accounts, Cross-chain transfers, Fiat values integration, Ethereum address support, Staking improvements, Wallet details, and distribution in App Store and Microsoft Store. The proposal aims to expand the feature set of Nova Spektr for the Polkadot & Kusama ecosystems. The intended outcomes include the implementation of the proposed features, reimbursement for additional delivered features, public demos, GitHub releases, open-source desktop application, maintenance and support of the Metadata portal, and user support. The full proposal with detailed description and costs can be found in the provided link.

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

The Polkadot Assurance Legion (PAL) bounty referendum aims to make audits more accessible to all consumers of Polkadot blockspace, improving security and attracting new builders. The proposed curator address is controlled by a 5/7 multisig of 7 bounty curators with expertise in Rust, Substrate, ink!, and blockchain security. The curator fee is 2% (10800 DOT). The curators are:

1. Valery Gantchev (cl0w) - Core runtime engineer at HydraDX, author of Substrate pallets, interested in blockchain/DeFi security.
2. Dominik Harz - CTO at Interlay, worked on economic security of DeFi during his PhD, interested in formal methods for software security.
3. Bryan Chen - co-founder & CTO of Acala, top community contributor to Substrate and Polkadot.
4. Pierre Ossun - Software engineer focused on WASM contracts at Astar, experienced in writing/reviewing/fixing ink! smart-contracts.
5. 0xTaylor - ChaosDAO & Polka Häus Co-Founder, Technical Advisor, Security Researcher, and Consultant.
6. Hang Yin - Co-founder and CTO at Phala Network, 5 years of Web3 core development experience, author of Phala Network Technical Whitepaper.
7. Alberto Viera - Core Contributor to Moonbeam, extensive work with XCM and other core Substrate functionalities.

The subject of this referendum is to propose a curator for the **Polkadot Assurance Legion (PAL) bounty** which was approved in [referendum #47](47).

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 \[original proposal\]([https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit](https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit))

The proposed curator address is `167dwA1UDmWSBRrFd9dXqXjdk1NRhqVjenT2FbHGDyy44GjS` - 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.

`15BERoWxrWC61cAb4JjpUdM7sy8FAS9uduismDbZ7PURZLto`

[https://github.com/vgantchev](https://github.com/vgantchev)

[https://twitter.com/cl0w5](https://twitter.com/cl0w5)

2) Dominik Harz - CTO at Interlay. Worked on [economic security](https://scholar.google.com/citations?user=s6Km5yQAAAAJ&hl=en) of DeFi during his PhD. Interested in formal methods for software security.

`5DQ45WTroJTjjaqEQhKVRWGmgfmXtv3atzMZaKSJE5h8tMVS`

[https://github.com/nud3l](https://github.com/nud3l)

[https://twitter.com/dominik0\_](https://twitter.com/dominik0_)

3) Bryan Chen - co-founder & CTO of Acala, also one of the top community contributors to Substrate and Polkadot.

`14DsLzVyTUTDMm2eP3czwPbH53KgqnQRp3CJJZS9GR7yxGDP`

[https://github.com/xlc](https://github.com/xlc)

[https://twitter.com/XiliangChen](https://twitter.com/XiliangChen)

4) Pierre Ossun - Software engineer focused on WASM contracts at Astar. Writing/reviewing/fixing ink! smart-contracts for 2 years.

`1brScQ9KDuFB2EsBc93smHY5T464gjWzzvtnJbBwKofTqad`

[https://github.com/PierreOssun](https://github.com/PierreOssun)

[https://twitter.com/PierreOssun](https://twitter.com/PierreOssun)

5) 0xTaylor - ChaosDAO & Polka Häus Co-Founder, Technical Advisor, Security Researcher, and Consultant.

`15aSnCUARuwBoLYn6nkFj5ap2DUfRmKcXJaAotfVwvVQxNK3`

[https://github.com/x676f64](https://github.com/x676f64)

[https://twitter.com/0xTaylor\_](https://twitter.com/0xTaylor_)

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.

`12BZFbrNksTKwHtaBojnVtoN8BoXKmBFzT3xDnHh7P9t2Cg5`

[https://github.com/h4x3rotab](https://github.com/h4x3rotab)

7) Alberto Viera - Core Contributor to Moonbeam as Developer Relations Manager for over 3 years. Extensive work with XCM and other core Substrate functionalities.

`16AhqStFQa8GrffE7WapHrUQ29dmioZHuwFTn4z9fQ7WBGBZ`

[https://github.com/albertov19](https://github.com/albertov19)

Polkadot proposes a curator for the PAL bounty, with a 2% fee of 10800 DOT. The curator will be a 5/7 multisig controlled by 7 curators appointed for their expertise in Rust/Substrate/ink! and blockchain security.

Propose Curator for PAL Bounty

- Apillon is a Web3 development platform that helps developers build applications easily in the Polkadot ecosystem.
- They are changing to an open-source system, meaning everyone can see and help improve it.
- The community will help decide how the platform evolves through DOT-based open governance.
- They aim to make it easier for people to use Web3 tools and services.
- They are asking for funding to support these changes, totaling approximately 999,999 DOT.
- The proposal has been updated based on community feedback to make it more transparent and effective.
- People can share their thoughts or questions in comments or specific forums.

Apillon proposes to transition to an open-source infrastructure solution with permanent freemium access, governed by the community, and become a common good project. They request a bounty of 999,999 DOT for this transition. The payout structure is detailed in the proposal.

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

- This proposal is about re-submitting a bounty to support WebAssembly smart contracts on parachains.
- The community had previously approved this bounty, but it needs to be approved again to get funding.
- The goal is to encourage the use of WebAssembly smart contracts, as they are seen as important for the future.
- The bounty will fund projects called canary dApps and tools to help developers using WebAssembly.
- The proposal includes creating examples of smart contracts, an incubation program, and a library for building DApps.
- Several experienced individuals are suggested as curators for this bounty, each with a strong background in technology and blockchain development.

The proposal aims to fund the development of WebAssembly smart contracts on parachains by creating showcases, an incubation program, and a front-end library. The goal is to bootstrap Wasm dApps in the ecosystem. The proposal includes curators candidates from Parity Technologies, Astar Foundation, 727 Ventures, Phala Network, and Aleph Zero. No specific price/timeframe/resources are mentioned.

Wasm Smart Contracts Bounty #19

This project aims to create a new metadata protocol for offline devices and implement it in important tools like Ledger and Kampela. The project will also develop tools to port the protocol to other wallets and key management devices, including Polkadot Vault. The goal is to improve transaction security and network resilience.

The project is a joint development between Alzymologist Oy and Zondax. The main problems to be solved are the large size of metadata and ensuring its authenticity. The proposed solution includes adding a hash of metadata to signing inputs and reducing the size of transferred metadata.

The project has four milestones:

1. Requirements specifications and metadata review.
2. Offline metadata prototype.
3. Offline metadata specifications.
4. Offline devices implementation.

The total cost of development is €527,200, with an additional 2% for potential price volatility, totaling €537,744, which translates to 110.693,7 DOT. The funds will be deposited into Alzymologist Oy's account, and they will subcontract Zondax AG for 45.5% of the total amount of DOTs to cover their costs.

The project team includes Alzymologist Oy, a multidisciplinary team based in Finland, and Zondax AG, a team with experience in more than 50 blockchains.

Metadata for offline signers

- A bounty of 540,000 DOT is proposed to help Polkadot parachains with audits.
- The goal is to make the Polkadot ecosystem safer and more secure.
- The plan will also create a group of good auditing companies that know Rust.
- This will help make audits easier for parachains and attract new builders.
- The proposal is by the Polkadot Assurance Legion, a group of different parachain teams.
- Payouts from the bounty will be available to any Polkadot parachain that qualifies.
- Seven experts will manage the bounty and make decisions on audits.

Polkadot Assurance Legion proposes a bounty of 540,000 DOT to help selected Polkadot parachains undergo rigorous audit procedures, with the primary goal of contributing to greater security in the ecosystem. The bounty will be managed by 7 curators and is open to any Polkadot parachain, subject to eligibility criteria and priority determination. The secondary goal is to establish a pool of high-quality auditing companies specialized in Rust. 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

- A motion called "motion 420" is being shared to help the Matrix.org foundation get funds.
- The motion was proposed by a council member named Wei.
- It was submitted after the launch of OpenGov, which led to fewer people voting.
- Wei explained why funding is important in a written argument.
- The write-up includes other people's positive comments about the funding need.
- There are links provided for more information on this topic.
- Wei will update the community on any discussions that happen next.

WHO: OpenGov, Wei, Matrix.org foundation
WHAT: Proposal to provide upstream funding to Matrix.org foundation
PRICE/TIMEFRAME/RESOURCES: Not specified

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 has a proposal for new features including a multistaking dashboard, staking pools, and a new asset tab design.
- It is a popular mobile app for the Polkadot and Kusama networks with over 50,000 active users.
- The app supports many cryptocurrencies and has features for staking and governance.
- The team behind Nova Wallet aims to improve the app based on community feedback.
- They will provide public demos and keep updating the app regularly.
- The proposal is part of the plan to expand the wallet's features and enhance user experience.

Nova Wallet proposes to develop a multistaking dashboard, staking nomination pools, WalletConnect v2, new assets tab UI, community requested features, and reimbursements for delivered features. The proposal aims to expand the features of Nova Wallet for the Polkadot and Kusama ecosystems, with a 6-month implementation period, public demos, and updates to the AppStore/Google Play. The cost and details of the proposal can be found in the provided link.

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

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

medium_spender

Referenda 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.

[34] Origin: BigSpender