SubstraTEE scalability M8.2

14mY...7uYN

Treasury

4yrs ago

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AI Summary

This is our proposal for milestone M8.2 of our roadmap towards TEE-validated sidechains.

Full project description and history

Delivery of M8.1

According to the original roadmap linked above, we had initially estimated efforts for M8.2 to be 20'700 CHF.

Even though M8.1 has caused more efforts than we had estimated, we will hold true to our initial estimate. We have 1.3 FTE ready to work on this and we expect to deliver within 3 weeks after our proposal has passed approval.

Current exchange rates:

DOT moving average MA(25)@1day today is 18.12 USDT on binance

USDT is 0.8945 CHF according to coinmarketcap

Even though the current market is in our favor, we think a volatility risk margin of 10% is justified. Markets usually crash much faster than they rise.

We therefore propose a treasury spend of
20'700*1.1/18.12/0.8945 = 1405 DOT

This is a proposal for a project milestone called M8.2.
The project focuses on creating special sidechains that are safe and trustworthy.
The team originally planned to spend 20,700 Swiss Francs (CHF) for M8.2.
They had to work harder on the earlier milestone (M8.1) but will still stick to the original budget.
They have 1.3 full-time workers ready and can finish the project within 3 weeks after approval.
They are considering the current value of the currency and possible market changes.
They suggest spending around 1,405 DOT (a cryptocurrency) from their treasury for the project.