Create P2PStateChannels.md #2350

lukastanisic99 · 2024-07-25T12:55:40Z

Project Abstract

Tech part of -
https://docs.google.com/document/d/1DcDFScgeXijnXSGuaa30uOnYNtRm_9OnAsM97igrSwA/

Grant level

Level 1: Up to $10,000, 2 approvals
Level 2: Up to $30,000, 3 approvals
Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

The application template has been copied and aptly renamed (project_name.md).
I have read the application guidelines.
Payment details have been provided (Polkadot AssetHub (DOT, USDC & USDT) address in the application and bank details via email, if applicable).
I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
The software delivered for this grant will be released under an open-source license specified in the application.
The initial PR contains only one commit (squash and force-push if needed).
The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @_______:matrix.org (change the homeserver if you use a different one)

github-actions · 2024-07-25T12:55:55Z

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keeganquigley · 2024-07-25T21:37:08Z

Thanks for the application @lukastanisic99 very interesting tech indeed. My only question is, the milestone states, "Everything is done". Does this mean everything has already been implemented, or just that the milestone spreadsheet is finished?

lukastanisic99 · 2024-07-26T08:41:50Z

@keeganquigley Well we did do a lot of the work already, but it's not complete and there's still a lot of work to be done and even later on maintaining and improving the system. The one milestone proposed was intended to be on completion of our V1 alpha and when everything is runnable. We could break it down further into smaller milestone that we can claim before the alpha if that's what you're referring.

semuelle

@lukastanisic99, we recently updated our terms and template to include a flexible DOT amount, can you please update your document to include this? Please keep in mind that this is a rather large amount you are asking for, so the bigger the DOT share, the better.

lukastanisic99 · 2024-07-26T09:06:56Z

@semuelle We're fine with taking 100% in DOT with 50% being vested over 2 years, if all the DOT goes through a vesting process then we'll have to do 50% DOT and 50% USDT. Before I update the doc, can you clarify can we chose the % of DOT that has to be vested (minimum 50%) or all DOT received has to be vested, forcing us to take a portion in stablecoin? Normally we wouldn't mind taking 100% in vested DOT, but we have immediate costs..

semuelle · 2024-07-26T10:26:34Z

Hi @lukastanisic99. Thanks for the quick reply. Currently, we only offer payment in fiat and stablecoins beside the vested (!) DOT portion. I will check internally if we can make an exception, but for now I would suggest we continue with this information.

lukastanisic99 · 2024-07-26T11:12:02Z

Ok I've modified the doc to make the Milestone more clear (could break it down further if needed), added the USDT address on Asset Hub (same as DOT) and added the DOT % and indicated that we're willing to take 100% in DOT with 50% vested if that's possible. Maybe better to not squash future modifications so it's easier to keep track what has changed?

keeganquigley

Thanks @lukastanisic99 is there a chance that you'd be willing to come up with a proposal that is under $100k? As anything over this amount requires approval from the W3F council, and it could take a while to put it up for discussion. I will also say that we don't fund deliverables retroactively, so anything that has already been built could be removed from the milestone tables. Perhaps that would help to further reduce the scope/cost.

lukastanisic99 · 2024-08-13T08:14:13Z

Hey @keeganquigley sure. I'll come up with a milestone that includes a minimal feature set so It's still runnable, but doesn't have all the features. I'll update the proposal later today or tomorrow. On the retroactive part - we did do some things (in private repos), we can always ctrl+A, delete and start from 0. Regardless that's not the point, there's still a lot of work to be done, so we'll try a figure out today a minimal set that works and update the proposal to reflect that, so we can continue and move on.

keeganquigley · 2024-08-13T18:26:17Z

Thanks @lukastanisic99 sounds good; you can always break it up and apply for subsequent grants down the line.

lukastanisic99 · 2024-08-14T13:09:05Z

I've updated the proposal to be within budget and explained what's included in the milestone. Take a look and let me know what are the next steps.

keeganquigley · 2024-08-14T19:21:18Z

Sounds good @lukastanisic99 thanks for the changes. I will go ahead and mark the application as ready for review so other committee members can comment.

takahser

@lukastanisic99 feel free to have a look at my comments. Apart from that, I'm currently talking to W3F-internal researchers, will be back soon with additional feedback.