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10.60 KSM
#267 Introducing Imbue Grants
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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
- Giles, an engineer @ parity and part of the fellowship
- Daniel from Parity and part of the SBP
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Bryan: Polkadot fellow and co-founder of Acala
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Sam: Polkadot fellow and co-founder of Imbue Network
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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
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E5qF...tqrg
Very supportive of unlocking this option for funding.
FXkc...oePm
Hi Everyone,
After internal discussions, we think going down the root track for this demo is not ideal.
The underlying issue is still that the treasury currently cannot send XCM calls
I — as part of the fellowship — have raised a pr (Pull Request) to allow this.
Additionally, the treasury will have a few important features coming that involve XCM that make this possible too. This PR is awaiting an audit
As an interim solution, we decided to split this demo into 2 parts
- Use the big tipper track to apply for 10 KSM (+ .01 KSM for fees) that are sent to the Imbue Soverign account
- Once the `BigTipper` proposal passes, we will raise a second proposal on Imbue to mint the KSM in the grant escrow account
This is essentially what a reserve asset transfer does, we are just "mocking" the sending of the XCM message with the imbue proposal
While this is not an ideal demo, we believe it is the fastest way of demonstrating Imbue Grants without going through the root track which has been created to handle far more pressing matters
Ultimately what we want to showcase is milestone-based payments with refunds back to the treasury (via XCM) and this solution achieves that and hopefully shows the community an alternative means of funding teams from the treasury with an emphasis on accountability and transparency
G4ko...szS7
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
G4ko...szS7
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!
Discover similar proposals
#509
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KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!
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Treasurer
#509 KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!
E5qF...tqrg
This RFP was adapted over several weeks on AAG to turn a treasury proposal in discussion to an RFP with refined scope and oversight.
To apply for the prize pls fill out this form.
Prize Pool: $43,000
Finder’s Fee: $2,000 **
Supervisors: $5,000
Supervisors (Bounty Curators)
- Flipchan
- Byte (Erin)
- James Slusser
Excess or unused funds will be returned to the treasury by Bounty Curators.
Timeline
Monday, March 17 - AAG Discussion & this forum post! ✅
Monday, March 24 - Single-ref Bounty + Curators ✅
4 Weeks after Bounty Funding - Submission Deadline Thursday
July 31 - Project Completion (Pending Kusama Hub Launch)
Project Scope
Smart Contract Development
- A Solidity-based smart contract deployed on Kusama Hub
- ZK enabled for private deposits & withdrawals
- Compatibility with all Kusama Hub assets
User Interface
- Browser-based, mobile-ready UI hosted on IPFS
- Support for: Deposits, Withdrawals, Transfers, XCM Transfers
- Compatible with popular ecosystem wallets (Nova Wallet, Talisman, Subwallet)
Anti-correlation Attack Mitigations:
- Fixed deposit amounts (e.g. 1, 10, 100, 1000 units)
- Batch payouts for withdrawals to multiple users
Interoperability - Ability to receive assets via XCM from any Kusama-connected parachain and transfer them to Kusama Hub for use in shielded pool.
Open-Source Delivery
- All code (smart contracts and UI) published under the MIT license
- Publicly accessible repositories Project updates shared transparently via Polkassembly, Subsquare, or Polkadot Forum from Team with Milestone deliveries
- Developer & User documentation
Milestones
Milestone 1, Initial Pools & Basic UI:
$16,200 USD
1 month
- Tests - Smart contract test
- Smart contract - ZK shielded smart contract with KSM and multi asset support on Westend or Paseo
- Basic UI - A basic UI for interacting with the smart contract
Milestone 2, UI + XCM:
$9,900
1 month
- Tests - tests for all features
- User interface design - UI design
- XCM transfers - XCM transfer assets in UI
- Fixed amount transfer only - Allow fixed amount transfers in the UI
Milestone 3, Mainnet Deployment:
$16,900
1 - 1.5 months
- Contract Migration to Kusama Assethub - Migrate contract from Testnet to Kusama Hub
- Public documentation - Documentation for using Kusama shield and developer integration documentation
- Test - tests for contract
- V1 UI - User tested & something we can be proud of
** re: Finder’s Fee: this payment is set aside to incentivize a broad search for the right implementor. Finder’s Fees are paid out at time of team engagement. Teams that submit themselves can collect their own Finder’s Fee at completion of project.
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