cosmos

Prop 836: Vitwit's Funding Proposal: Support Resolute

Vitwit's Funding Proposal: Support Resolute

Resolute is an opensource, feature rich interchain interface for the Cosmos Ecosystem. The main objective of this project is to become a single place for interacting with any appchain that uses the cosmos stack.

We are submitting this grant proposal to request funding for the development and maintenance of Resolute. All the work we have been doing for Resolute is self funded so far since May, 2022. We believe we pushed these developments for a usable tool for the ecosystem and believe we are eligible for the community funding.

What is built already:

  • Multisig interface
  • Feegrant
  • Authz
  • Groups
  • Account, Bank, Staking and Governance

What is planned for this milestone:

  • UI/UX improvements
  • Feature Development: Support for ICA, IBC transactions, Wasm Contract Interactions and Interchain Swaps.
  • Performance Improvements
  • DeFi Management: Manage Liquid Staking, LPs, Perps, Lending/Borrowing all in a single place. It connects multiple DeFi apps from Osmosis, Neutron (scope), LS on Stride, Quicksilver.
  • Development & Maintainance support for a minimum of 3 years in total (1 year development + 2 years support). This includes fixing bugs, improving performance, adding new message types for existing features as they're developed etc.

Milestone Tasks:

  • Framework upgrade: Migrate from JavaScript to TypeScript.
  • Allow users to add new custom chains
  • Allow updating existing chain configs (RPCs for example)
  • Wallets Integration: Integrate with Metamask via snaps. It already has support for Keplr, Leap and Cosmostation wallets.
  • Add support for more message types in multisig, authz and groups page.
  • New Features:
    • IBC transfers support
    • ICA support
    • Support for AEZ chains (staking, gov)
    • Integrate chain name services
    • Multi currency support (fiat)
    • Transaction builder for advanced users. It will allow users to build transaction by appending multiple messages, also allows users to upload csv sheet for building transactions.
    • Scheduled transactions. Allow users to schedule transactions (Subjected to security review from community builders).
    • Allow users to submit new governance proposal
    • Enhanced governance visibility for delegators
      • Show the effect of the proposal to respective delegator/user. Like in case of paramchange proposals.
      • Show what their validator voted on for respective proposals and show suggestion to override their vote if they don't feel it appropriate.
    • WASM smart contract integration
    • NFTs integration (view, buy, sell)
    • Cross chain NFT trasfers
    • Cross chain swaps
    • Add more messages to multisig and groups module.
    • Feature page for suggesting new features on Resolute

Funding Request

The requested funding amount for the grant proposal is 44,000 ATOM, which is approximately equivalent to ~300,000 USD based on the two-week avg rate. It includes expenses related to development resources, infrastructure and maintenance & support.

Funding Terms

  • CosmosHub community is authorized to revoke the funding anytime if they feel we are not adding value to the ecosystem on this topic and can consider to clawback all the unvested tokens from the funded wallet/associated vesting account via a governance proposal.
  • The funding follows the following vesting criteria. We divided the vesting into two accounts as mentioned in the forum.
    • Account 1: 40% tokens, continuous vesting for 1 year
    • Account 2: 60% tokens, continuous vesting over 3 years.
    • It accounts to 60% tokens being vested in 1st year as mentioned in the forum and remaining 40% tokens will be vested continuously over next 2 years (2 and 3). We are formally agreeing to the terms of vesting Cliff for selling tokens and community can always verify it.
    • The support comes for 3 years in total, 1 year with development & support and 2 years with maintenance & support.

Recipient

cosmos1jk9syw0hetc63hw2ujt9nfvfz2p8tj999ru0rq

This is a single-use multisig account (3/5) composed of community members. Members include:

  • Jack Zampolin, Strangelove
  • Marko, Binary Builders
  • Sistla, Omniflix
  • Simon, Confio
  • Anil, Vitwit

From there, the atoms will be transferred to 2 multisig continuous vesting accounts (as mentioned in the funding terms) with signers from our team.

Amount

44,000 ATOM (based on 2 weeks average price data).

Forum post link

https://forum.cosmos.network/t/vitwits-funding-proposal-supporting-public-goods-resolute/11580

Governance votes

The following items summarize the voting options and what it means for this proposal:

  • YES: Approve the grant proposal
  • ABSTAIN - You wish to contribute to quorum but you formally decline to vote either for or against the proposal.
  • NO: Reject the grant proposal
  • NO WITH VETO - A 'NoWithVeto' vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance.