Dear Kusama community,

This is Zhixi Zhang from [Interlay](https://interlay.io). We propose a bounty program aimed at helping Kusama parachains integrate fiat on-ramp support for their native assets with [Banxa](https://banxa.com/), one of the leading providers in the space. 
**Please visit discussion post regarding this bounty via this [link](https://kusama.polkassembly.io/post/2513).**

Currently, acquiring native parachain tokens has been identified as a significant obstacle for new users in the Polkadot and Kusama ecosystem, and many parachains are seeking solutions to incorporate an on-ramp service. However, integrating on-ramp services can be challenging for parachains due to high costs and extensive liquidity requirements. Meanwhile, in order to integrate parachain tokens, service providers face barriers such as limited token volume and restricted exposure to DeFi solutions.

After conducting extensive research and interviews with various on-and-off-ramp service providers, along with numerous conversations with different projects in the ecosystem, we decided to work with [Banxa](https://banxa.com/), a leading payment service provider, to bring to you a bounty program that aims to provide an affordable on-ramp service tailored for Polkadot and Kusama assets.

This bounty program is intended to help as many parachains as possible in establishing easy and secure solutions for native token on-ramp, thereby improving the user acquisition process for the ecosystem as a whole. Please take a look at the full bounty proposal, we would love to hear what you think!

[**Link to full proposal**](https://docs.google.com/document/d/1SD-PcPPmhTNuejSvo4hezlZy66h2oBWo71Uv3XCn0D4/edit?usp=sharing) 


**Bounty Cost: $10 500 per parachain**

**Bounty coverage:**

- Parachain + native asset support for 9 Kusama parachains: $10 500 for each parachain support with one parachain native asset onramp support
- Statemine support + Onramp support for Kusama native USD Stablecoins* +KSM: $10 500

**Total requested budget: $105 000 USD of KSM**

*Note: Native USDT onramp support is now available on Statemine and can be integrated. Onramp support for USDC and other stablecoins will be added once liquidity channels are in place.


**Bounty Curator Candidacy**

The selection of administrative curators is crucial for the success of the bounty program. This announcement presents the candidates for the curator position who, upon approval, will oversee the "Parachain Assets Onramp Support" Bounty Program. The bounty will be curated by a Multisig. It is suggested that the curator committee receives a reward to compensate for their time and effort in this initiative. 

The selection of curators is carefully designed to represent all parties involved in this bounty. For more context, please visit the [**Bounty Curator Candidacy Proposal**](https://docs.google.com/document/d/1yCJiz2wWuIuY0YA--fE7QihPiW5F1D9mcOVDekUWIlA/edit?usp=sharing), which provides information on the curators' backgrounds, responsibilities, and the reward scheme.

**Multi-sig account: **
Fc2PupM7xp2yefw97D3yDhEWMXcWPWkYUdpTSf8Gj8St1B7

**Curator Candidacy:**

**Alexei Zamyatin, Co-founder of Interlay**

Address: 5Cu7pF9kxM3HiP69RNA5b1N2ogpgoRYEtvHrjkQDF3P7iofS

**Jonathan Dunne, CTO of Talisman**
Address: 5FxvpoBxF73oAbQKouuhtbXootQceqq9hE8UvJPFf8Tjzcu7

**Ryan Dinh - Head of Business Development of SubWallet**

Address: 5DvpfEPfr8xBA34VusHM8h4q5XdBi2vbpdcA7s2rEmtuAze4

**Irvin Cardenas: Co-founder and CEO at OpenDive Technologies**

Address: Gpr3ou8w6PgQxCeeEz3Ap3iuamKQn1ktgZjbNNZB4ghzKUU

**Jakub Greguš, Jakub Gregus, Co-founder of HydraDX & Basilisk**

Address: 14TRztENRz87sn67Gh4aVaCpiWmtiuxg4JkNKVGkvRqwDbgD

0x50617261636861696e20417373657473204f6e72616d7020537570706f727420426f756e7479

Zondax team, known for maintaining Ledger apps for Polkadot, Kusama, Statemine, and Statemint, seeks funding from the treasury to continue their services. Their Ledger apps provide secure interaction with substrate chains using Ledger devices. The proposal includes ongoing maintenance, bug fixes, security audits, and project management for these Ledger apps. The budget covers development costs and third-party security audits, ensuring continuous compatibility and security.


 - Interlay proposes a bounty program aimed at helping Kusama parachains integrate fiat on-ramp support for their native assets with Banxa. 
 - Cost: $10 500 per parachain plus $10 500 for Kusama native USD Stablecoins and KSM support 
 - Requested budget: $105 000 of KSM
 - Curator Candidacy: Alexei Zamyatin, Jonathan Dunne, Ryan Dinh, Irvin Cardenas, Jakub Greguš 
 - Multi-sig account: Fc2PupM7xp2yefw97D3yDhEWMXcWPWkYUdpTSf8Gj8St1B7 
 - [Full proposal link.](https://docs.google.com/document/d/1SD-PcPPmhTNuejSvo4hezlZy66h2oBWo71Uv3XCn0D4/edit?usp=sharing)
 - [Curator Candidacy Proposal link.](https://docs.google.com/document/d/1yCJiz2wWuIuY0YA--fE7Qih

#21 Parachain Assets Fiat Onramp Support Bounty Program

No Active Proposals