Nothing came up for

AVOUM on Cardano

$26,500.00 Received
$26,500.00 Requested
Ideascale logo View on ideascale
Problem:

Smart contract concurrency on eUTxO blockchains is severely limited.

Challenge: F7: Seeding Cardano's Grassroots DeFi
completed Awarded 13.25% of the fund.
Proposal Assessor Reviews:
4.27 (15)
Yes Votes:
₳ 113,784,230
No Votes:
₳ 3,750,169
Unique Wallets:
234

Experience

MuKn (Mutual Knowledge Systems, Inc.) has already prototyped AVOUM on Nervos' CKB.

Solution

AVOUM presents an account view on eUTxO blockchains, together with a notion of malleable transactions, which enable much higher concurrency.

This proposal was approved and funded by the Cardano Community via Project F7: Seeding Cardano's Grassroots DeFi Catalyst funding round.

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Proposal Assessor Reviews

Addresses Challenge

4.8 / 5
5 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (5)

Commenter gravatar

The account view of eUTXO has been technically established and the proposal aims to build the same in Glow. This is a much-requested feature and will open up a wide variety of innovative dApps in Cardano. The is an urgent need to develop such core technologies.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_46
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

The proposal accurately addresses a problem within the challenge by drawing on the AVOUM model pioneered on the nervos blockchain to bring Account based transactions to the UTXO model and addressing the concurrency around such. If the implementation is successful it will bring value to the Cardano ecosystem and the challenge goals of raising Cardano's defi

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_745
Total QA Ratings
16
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

The proposal sets out to provide account style views on top of Cardano as a eUTXO blockchain. It aims to achieve this with an approach already explored by Nervos with the idea of malleable transactions where the UTXO can be swapped in and out. The concurrency issue has been a previously known issue with many solutions that DeFi protocols have been exploring. Providing a different design model for helping with concurrency could have a great positive impact on the ecosystem and enable more developers in DeFi to easily create applications with the solution being suggested.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_758
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

The proposal is effective in addressing the goals of the DeFi grassroots challenge as an accounts based view of the UTXO model could allow a smoother onboarding from EVM developers who wish to keep their same design patterns while building in Cardano.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_971
Total QA Ratings
26
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

The problem statement focuses on higher limited concurrencies wrt smart contract on extended utxo blockchains, to which the proposal mentions "account view" setup with an indication of malleable transactions. The team proposes to safely deploy system of open contracts on the blockchain in account/balance fashion. They also have setup a POC of malleability on plutus. The funcding requested is mostly for RnD for the proposed solution but a little more detail on bigger execution picture would have been great.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_16
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

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Feasibility

4.2 / 5
5 Reviews

Given experience and plan presented is likely that this proposal will be implemented successfully

Community Reviews (5)

Commenter gravatar

The team mentioned AVOUM mentions having prior experience of working on a different blockchain building and integrating the same solution platform but the phase chosen in this fund being only RnD on in depth cardano blockchain A little more detail on experince relevant on cardano blockchain if mentioned would have been great.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_16
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

MuKu has been demonstrating the capability of GLow for almost a year now and has a substantial development capability. The account view model is also a peer-reviewed technology; therefore, it may be no technical risk in implementation.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_46
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

MuKn is well known within the community and as this protocol has been implemented successfully on Nervos already has a high probability of success. It would be great if a couple of pitfalls, challenges of implenting it specifically on the Cardano network could be discussed in future. The Funds requested seem reasonable and a clear roadmap to future funds required is provided.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_745
Total QA Ratings
16
QA Rating Outcome
Confirming your humanity

Write comment

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Commenter gravatar

The team MuKn is mentioned which has been developing the Glow language within the community. Team members and their code can be seen on the Gitlab repository mentioned or on their website https://mukn.io/our-team/ The proposal has shown their understanding and experience of this problem area in the Nervos network and provided a simple budget breakdown. An 8 page paper is provided that breaks down the need for the AVOUM solution with the comparisons between the account model and eUTXO with more information on their suggested solution. The only thing lacking in this proposal is a clear explanation of where their solution fits in with the other concurrency solutions being suggested by DeFi protocols. What are the trade offs between these different solutions and what are the main uses cases that their solution would be preferred?

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_758
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

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Commenter gravatar

The MuKn team has already built the AVOUM on another UTXO blockchain, Nervos. The plan presented has been extended from their submission in previous fund rounds and the MuKn team made significant progress on their plans with this Nervos partnership. The team is working closely with IOG on this solution as well, chances of success are exceedingly high.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_971
Total QA Ratings
26
QA Rating Outcome
Confirming your humanity

Write comment

Replying to

Auditability

3.8 / 5
5 Reviews

Does the proposal provides sufficient information to assess and audit progress and completion?

Community Reviews (5)

Commenter gravatar

The proposal mentions Bigger picture on what is missing feature now and what can be implemented in future phases yet somehow is missing the technical details on current phase with a trackable sub phase wise timeline. Also there is missing details on fund breakdown for this phase. The proposal could have been great if the above points were filled in by the proposer

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_16
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

Write comment

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Commenter gravatar

The end state is apparent, and the budget looks reasonable for the task involved. This project, if implemented correctly, will have substantial ROI. MuKu is hosting most of their software are in opensource hence highly auditable.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_46
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

Write comment

Replying to

Commenter gravatar

The deliverables have been laid out but where and how these will be published could be explained better.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_745
Total QA Ratings
16
QA Rating Outcome
Confirming your humanity

Write comment

Replying to

Commenter gravatar

The proposal provides a roadmap and breakdown of the tasks needed to complete the proposal execution. Clarity is provided on the reasons the solution is needed along with the paper that effectively details out why this solution provides value. No KPIs or key success objectives were added which would be needed for a better rating. As well as this it would be good to know if there are any partnerships or any key initial use cases where people would be looking to use the AVOUM solution. This would give more confidence that it will be easy to audit whether this solution executed is effective under that use case with relevant metrics being analysed.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_758
Total QA Ratings
18
QA Rating Outcome
Confirming your humanity

Write comment

Replying to

Commenter gravatar

The information included is sufficient to audit the progress and success of the proposal. The team behind this proposal has built the AVOUM on another chain and have IOGs support to built this capability on Cardano for Plutus DeFi teams to leverage in their apps.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_971
Total QA Ratings
26
QA Rating Outcome
Confirming your humanity

Write comment

Replying to

Monthly Reports

Nothing to add, the project looks promising

Disbursed to Date
$26,500
Status
Still in progress
Completion Target
4/30/2022
Comments 0

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