funded
Open-source ISO Toolkit
Current Project Status
in_progress
Total
amount
Received
$17,600
Total
amount
Requested
$17,600
Total
Percentage
Received
100.00%
$17,600 Received out of $17,600
Solution
Problem
Addresses Challenge
Feasibility
Auditability

Team

1 member

This proposal was approved and funded by the Cardano Community via Project F6: Developer ecosystem Catalyst funding round.

  • Video cover image
  • Video cover image

Detailed Plan

Background

A key component of creating a positive developer ecosystem that empowers builders is having an effective community fundraising model for projects. The ISO has proven to be such a model for Cardano. Developing an open-source toolkit that allows developers to easily and efficiently run an ISO would be a powerful catalyst for the developer ecosystem.

Technical specification:

The toolkit has 2 main components:

1. Reward calculator:

- This component is packaged as a CLI program that can connect to an instance of DB Sync and calculate ISO rewards.

- It supports calculating rewards based on ADA rewards or a fixed amount distributed to delegators every epoch.

- It supports multiple stake pools for Fair ISO.

2. Reward sender:

- Because of a minimum of 1-2 ADA when sending native tokens, it is a common practice for projects that want to distribute their tokens to ask investors to send them 2 ADA before sending back native tokens with the minimum ADA per UTxO (learn more: https://docs.cardano.org/native-tokens/minimum-ada-value-requirement).

- This component is packaged as a running server that can watch incoming transactions to an address in DB Sync, check for eligible rewards, and send back the rewards.

Team

Our team has experience working in big companies such as Amazon Web Services (AWS), Vingroup, Sea Group and contributing to big open source projects like Jenkins, Kubernetes, Prometheus.

We have got Innovation Award at NEO Hackathon Tokyo, thus demonstrating our knowledge about DeFi and blockchain.

We are all also part of the Plutus Pioneer Program, Alonzo White and Alonzo Purple.

We have had fully integrated DEX demos since June on our Youtube channel: https://www.youtube.com/c/MinswapDEX

Minswap won Catalyst Fund5 for proposal Minswap - Multi-pool DEX.

Definition of success/Roadmap:

- 3 months: Open-source beta version of the toolkit with basic documentation that is ready to be used by interested projects.

- 6 months: Polish the API and documentation, release the first stable version (v1). Establish open-source contribution standard/process and merge feature requests from the community. The toolkit is expected to be used by several projects.

- 12 months: The toolkit is expected to be used by most projects doing ISO and is considered the standard way to conduct ISO.

Budget breakdown:

One full-time senior backend engineer working in 2 months with $50/hour rate: $17600

Expected launch date: December 1st

Community Reviews (1)

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Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    d. 3 se. 24
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    d. 4 se. 3
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    d. 3 se. 48
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    d. 2 se. 16
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    d. 3 se. 14
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    d. 3 se. 19
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    d. 4 se. 59
    Darlington Kofa
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