funded

Allow Cardano users to call Sidechain smart contracts directly from their Cardano mainnet wallet

₳448,276.00 Requested
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Community Review Results (4 reviewers)
Feasibility
Value for money
Impact / Alignment
Solution

We developed a system we called Wrapped Smart Contracts to allow users to call EVM contracts directly from any Cardano wallet (Nami, Eternl, Flint, etc.) without extra work for the wallet developers

Problem:

Cardano already has multiple sidechains live including its EVM sidechain Milkomeda. However, adoption is hard as most users understandably do not want to download a new wallet just for the sidechain

Yes Votes:
₳ 630,997,644
No Votes:
₳ 146,834,778
Votes Cast:
1144

This proposal was approved and funded by the Cardano Community via Project F10: Development & Infrastructure Catalyst funding round.

[IMPACT] Please describe your proposed solution.

This will help adoption of sidechains and L2s in the Cardano ecosystem which gives more power to developers to create custom environments for their specific needs without having to worry about losing adoption because of it

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

  1. Number wrapped smart contract calls made
  2. Number of dApps that integrate wrapped smart contracts

[IMPACT] How do you intend to measure the success of your project?

We will share any code or documentation we wrote for the implementation publicly so that any app or game can integrate the functionality

[IMPACT] Please describe your plans to share the outputs and results of your project?

Please see the content of both documents linked

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

dcSpark and Milkomeda are well renowned companies in the Cardano ecosystem that have a long history of delivering on Catalyst proposals. You can find progress on grants we have previously received at https://dcspark.io/grants

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The main goal of the project is to make it easier to onboard users into the sidechain/L2 ecosystem. Many potential users do not want to create new wallets for each different execution layer, and we want these users to be able to easily onboard with as few hurdles as possible

We know this project is technically feasible as we have already built it and are in the final stages of testing

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

  1. Release the specifications
  2. Complete the Milkomeda hardfork
  3. Upgrade and audit the Milkomeda bridge
  4. Announce partner integrations of Wrapped Smart Contracts into their dApps

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

  1. Public documentation
  2. Announcement
  3. Audit release
  4. Announcements of integrations

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

  1. 30k
  2. 20k
  3. 30k
  4. 20k

[RESOURCES & VALUE FOR MONEY] Who is in the project team and what are their roles?

  • Milkomeda (work on the sidechain itself)

  • dcSpark (development support)

    [RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

This provides value by increasing the amount of use-cases that can be built in the Cardano ecosystem as projects that require a sidechain or L2 are now much more viable from a business perspective

Community Reviews (4)

Feasibility

3.4 / 5
4 Reviews

Is this project feasible based on the proposal submitted? Does the plan and associated budget and milestones look achievable? Does the team have the skills, experience, capability and capacity to complete the project successfully?

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I see that you do not make a detailed table of tasks and plans. You use the progress of previously received grants to include in the project. You need to improve and change more. In general, there is no clear weekly and monthly plan, no specific amount to be used for each part of the work. Hope you guys will do better in the next projects.

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The team, Milkomeda, and dcSpark, have a strong Cardano track record, inspiring trust and accountability. Their well-planned milestones, like releasing specifications and completing the Milkomeda hardfork, make the proposal technically feasible. However, the lack of details about sharing project outputs may pose challenges, particularly for newcomers to the community. Nonetheless, the team's expertise gives confidence in the project's successful implementation, making the proposed approach feasible

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It goes without saying this team will delivered on this proposal given their background and the milestones listed, it's sensible to conclude that this will be feasible and delivered to the cardano ecosystem, if successfully funded.

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The proposer did a lovely job by providing names of team members with their relevance links for reference who will help in the project execution and I strongly believe they have the potential and experience per their reference since they are commercial members in the cardano community, have the desire skills and knowledge to help in the execution of the project if they would be granted fund's to execute their project. Also, the team also did well by providing details breakdown milestone with each tasks and intended outcome and expected timeline of 4 months , that is,1.Public documentation.2.Announcement.3.Audit release.4.Announcements of integrations, which I strongly believe it's achievable should they be funded.

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Value for money

3.4 / 5
4 Reviews

Is the funding amount requested for this project reasonable and does it provide good Value for Money to the Treasury?

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Overall, this part is not very convincing to me. The main goals of the project should be stated one at a time rather than writing a long paragraph. The result of handover recording is not specific eg public document? What documents specifically? What announcement? The group's members have 2 people and are not described in detail, no personal accounts to authenticate, no pictures of themselves. I give 3 stars. The project has a reasonable idea but is not executed well. Hope you will do better next time.

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The proposed 100,000 ADA budget lacks a clear breakdown, necessitating more transparency on the allocation. Despite this, considering the potential impact on sidechain and L2 adoption, the cost represents value for money. By enabling seamless onboarding of users into sidechains and L2s without additional wallet development, the project opens new use-cases and business opportunities within the Cardano ecosystem. This enhances Cardano's value and growth potential, justifying the proposed budget allocation. However, it is suggested that the proposer provides a detailed budget breakdown to inform the community better. Overall, I partially agree that the project cost is reasonable and represents value for money for the Cardano ecosystem

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The proposer did a lovely job by providing roles of team members with their potential and experience who will help in the execution of their project and I strongly believe they have the skills to carry out the tasks should they be funded. Furthermore the team is also able to outline details budget breakdown showing how fund's will be used should they funded, the request budget is 448276ADA in the timeline of 4 months with it's breakdown show it is COMMANDEBLE and reasonable to bring values for money to the cardano ecosystem if they would be granted fund's to execute their project.

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Users really hate managing multiple wallets. But we need sidechain adoption desperately in order to scale as our ecosystem expands. This proposal in my view is a very high value/money ratio and we would do well to support it.

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Impact / Alignment

4 / 5
4 Reviews

Has this project clearly demonstrated in all aspects of the proposal that it will positively impact the Cardano Ecosystem?

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The proposer did a very marvelous job by placing it in its right challenge, they effectively addressed the precise challenge and clearly provide solution to it which is stated in the proposal that;This will help adoption of sidechains and L2s in the Cardano ecosystem which gives more power to developers to create custom environments for their specific needs without having to worry about losing adoption because of it should they be funded. Also, the proposal is a game changing project which is out to bring values and impact to cardano ecosystem by its capturing some important key metrics under the compaign brief showing how it will bring impact such as; Number wrapped smart contract calls made, Number of dApps that integrate wrapped smart contracts should they be funded and I strongly believe they would do a wonderful job if they would be granted fund's to execute their project.

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I STRONGLY agree with the premise of this proposal that users do not want to manage and use several wallets. This proposal that aims to integrate sidechain functionality into our existing wallets can only be described as extremely high impact, not just to the end user, but to dapps themselves.

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  • I agree with your project idea. However, the description of the project's output and output sharing plan is described that looking at the contents of both linked documents I think you should leave the link in that answer.
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The proposal introduces Wrapped Smart Contracts to boost sidechain and Layer 2 (L2) adoption in Cardano. This system allows direct calls to Milkomeda smart contracts from Cardano wallets without extra wallet development. Benefits include increased wrapped smart contract calls and dApp integrations, empowering developers to build on sidechains and L2s seamlessly. It simplifies user onboarding into the ecosystem, reducing barriers and promoting adoption. Overall, the proposal effectively addresses the challenge, providing valuable benefits to the Cardano ecosystem

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