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View All Big Tipper
Requested:1.06K PAS
Executed

Introducing Imbue Grants

inBig Tipper
2 years ago
treasury
xcm
BeneficiaryBeneficiary:

(1.06K PAS)

Hey Everyone,

UPDATE:  We decided to go down the big tipper track to keep things simple. See comment

Sam Elamin from Imbue. We have been very busy since receiving funding from the treasury and have shipped almost all our milestones

One thing we did notice over the past few months has been the tension around treasury spending. We think Imbue is set up perfectly to solve issues around accountability and funding and have built out the Imbue grants 

We also did a live demo of it on AAG with our chain on Rococo

What we want to do next is do a demo of what this process looks like on Kusama. 

The goal of the demo is to showcase refunds going back into the treasury 

We will be launching a grant for 10 KSM with 2 milestones

  1. Milestone 1 for 1 KSM (10%). This will get approved
    2) Milestone 2 for 9 KSM (90%). This will get refunded back to the treasury

We have 5 approvers lined up

  1. Giles, an engineer @ parity and part of the fellowship

  2. Daniel from Parity and part of the SBP

  3. Bryan: Polkadot fellow and co-founder of Acala

  4. Sam: Polkadot fellow and co-founder of Imbue Network

  5. Beatrice: Imbue core team member

A demo like this should ideally be going through the small/big tipper track but that is not currently possible because the treasury — currently - does not support XCM transfers,

We believe the treasury should support xcm transfers going through the different treasury tracks, this demo will be further evidence of that need

Because of this we will have to transfer the funds to the parachain soverign account then do a proposal on Imbue to allocate the funds to the grant escrow addres

We strongly believe this is the best way to ensure accountability and transparency while still remaining flexible enough to support different curators for different grants/projects

Kusama was meant for expermintation and to drive innovation, and this is a perfect example of this.

Imbue grants was built to solve a key community need, as such we would love your feedback on both this proposed demo as well as how we can best serve the community's requirements

Comments (2)

2 years ago

Dear Polkadot Community

This is the proposal to do a demo of what our founder @samelamin shared at AAG

Full details on the proposal can be found on the discussion

Feel free to check out the grant on the Imbue UI 

https://production.imbue.network/projects/34

The goal of this grant is to showcase Imbue Grants which solves a key need in our ecosystem

This is the first demo of its kind that utilises the Kusama treasury and XCM , both core components of the Polkadot Ecosystem

There will be 2 milestones for this grant:

M1: Is for 10%. This will be approved and withdrawn
m2: Is for 90%. This will be refunded to the treasury

The approvers listed below are:

Giles: Polkadot fellow and engineer @ Parity
Daniel: Part of Parity's Substrate Builders Programme
Bryan: Polkadot fellow and co-founder of Acala
Sam: Polkadot fellow and co-founder of Imbue Network
Beatrice: Imbue core team member

2 years ago

Hello Community

We have now refunded milestone 2 to the treasury. The exact event can be found here 

In summary, a refund was issued on Imbue, which then transferred the locked funds (9.5 ksm) back to the treasury

We will come onto AAG to go through this in more detail

Thank you all for your support in making this happen!

PleaseLogin to comment

Proposal Passed

3

of 3

Summary

0%

Aye

AyeNay

0%

Nay

Aye (206)0.0 PAS

Support0.0 PAS

Nay (23)0.0 PAS

Comments (2)

2 years ago

Dear Polkadot Community

This is the proposal to do a demo of what our founder @samelamin shared at AAG

Full details on the proposal can be found on the discussion

Feel free to check out the grant on the Imbue UI 

https://production.imbue.network/projects/34

The goal of this grant is to showcase Imbue Grants which solves a key need in our ecosystem

This is the first demo of its kind that utilises the Kusama treasury and XCM , both core components of the Polkadot Ecosystem

There will be 2 milestones for this grant:

M1: Is for 10%. This will be approved and withdrawn
m2: Is for 90%. This will be refunded to the treasury

The approvers listed below are:

Giles: Polkadot fellow and engineer @ Parity
Daniel: Part of Parity's Substrate Builders Programme
Bryan: Polkadot fellow and co-founder of Acala
Sam: Polkadot fellow and co-founder of Imbue Network
Beatrice: Imbue core team member

2 years ago

Hello Community

We have now refunded milestone 2 to the treasury. The exact event can be found here 

In summary, a refund was issued on Imbue, which then transferred the locked funds (9.5 ksm) back to the treasury

We will come onto AAG to go through this in more detail

Thank you all for your support in making this happen!

PleaseLogin to comment

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