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Sifchain Omni-EVM

$150,000.00 Requested
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Problem:

There is currently no way to send tokens from Cardano to Cosmos or vice versa. This limits the flow of Cardano-native assets in the blockchain world as a whole.

Challenge: Cross-Chain Collaboration
not approved Requested 16.667% of the fund.
Proposal Assessor Reviews:
3.81 (21)
Yes Votes:
₳ 11,180,693
No Votes:
₳ 26,770,068
Unique Wallets:
204

Experience

Jazear Brooks, Co-founder, & Aidan Musnitsky, CTO, have been in the blockchain, and more specifically the cryptocurrency, space for a combined 13 years. Snowfork, a company started by Aidan, built Snowbridge, a bridge between Polkadot and Ethereum.

Solution

Omni-EVM is a bridge to Sifchain/Cosmos for any Blockchain compatible with the Ethereum Virtual Machine.

  • Video cover image

[IMPACT] Please describe your proposed solution.

For DeFi truly to work, seamless interoperability between blockchains is paramount. Currently, the most significant advantage of CEXes is their cross-chain interoperability. For DeFi to be truly successful, on-chain funds need to be liquid and fluid across ecosystems. This will be substantial for Cardano to integrate with new and existing global DeFi structures.

Our research shows that EVM has become a standard for cross-chain operations. Every relevant project is able to bridge towards and interact with the Ethereum Virtual Machine.

Omni-EVM will be relevant for the following stakeholders

  • Cardano – as they will be able to bridge assets to Sifchain/Cosmos
  • Cosmos - as they will be able to bridge assets to Cardano
  • Sifchain - as they will be able to bridge assets to Cardano
  • All users of projects bridging to Sifchain/Cosmos this includes IBC and other Omni-EVM bridges. Please see our submitted infographic for an overview over these projects. Its massive.
  • Liquidity providers – as they will get the ability to bridge tokens themselves and open/fund pools.
  • Projects building on Cardano – as they will be able to interact with Cosmos & Sifchain assets
  • Projects building on Cosmos & Sifchain – as they will be able to interact with Cardano assets

Sifchain already secured competent developers and planned the implementation of the Omni-EVM bridge.

  • We will produce all relevant parts of the bridge
  • Updated set of smart contracts, called Peggy 2.0, which we will migrate existing Peggy 1.0 contracts to
  • Updated versions of our relayers and witnesses
  • Updated UI (including adding of custom token flow)
  • Formal audit reports

Results of implementing Omni-EVM

  • Assets from Cardano and Cosmos will be bridged among both ecosystems.

  • Cosmos users will be now exposed to Cardano and its ecosystem. Cardano users will now be exposed to Cosmos and its ecosystem.

  • New pools with those assets will be created on decentralized exchanges of both ecosystems.

    [IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

The bridge will connect the ecosystems of Cardano and Sifchain, so that assets will be able to easily, quickly, and cheaply migrate between both.

This clearly leads to increased on-chain activity for Cardano.

Omni-EVM is enabling projects from Cardano to utilize Cosmos assets and vice versa. This is a major building block for collaborations and interoperable applications between those ecosystems.

The Omni-EVM solution will also enable other ecosystems to bridge towards Sifchain/Cosmos. The assets of those ecosystems can then be further bridged to Cardano as well. Potentially bridging thousands of projects to Cardano.

OMNI-EVM will offer the Cardano blockchain to achieve significant interoperability across all EVM compatible chains, and later on additional required blockchains. Initial chains would include Polygon, Moonbeam, Avalanche and many others.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

1st Risk

Developer fluctuation: In the current building phase for Blockchain, hiring and keeping able developers is a bottleneck.

Mitigation

The team responsible for developing Omni-EVM is comprised of 7 people, 5 engineers, 1 test engineer, and a Product Manager. On top of this, our Co-Founder Jazear is very experienced in bridge development and architecture as he was a lead developer on ThorChain and was responsible for the development of Sifchain’s Peggy 1.0 bridge from Cosmos to Ethereum. Jazear and Aidan are visionaries in bridge development and are both the main designers of our Peggy 2.0 architecture, which Omni-EVM will be enabled by. This team has been with Sifchain since the development of Peggy 1.0, and have been working diligently on the development of Peggy 2.0 for the last 1.5 years. We are in excellent relations with them and are engaging them in a variety of incentive programs to ensure fair economic participation and healthy work-life balance.

2nd Risk

Hacks: In recent history, there were some significant hacks targeting cross-chain bridges. Due to the architecture of bridges, single wallets that store assets are honey pots.

Mitigation

We are being very careful with our development and have engaged in 4 different audits: two from well-known and respected parties, Certik and Halborn as well as two from independent developers. We will also have everyone who holds keys to the Peggy 2.0 bridge be on multi-sig hardware wallets.

3rd Risk

Legal threats to DeFi: With a variety of new regulations on the way for Blockchain and Defi, the terrains remains insecure.

Mitigation

Sifchain works extremely closely with our in-house legal team. We have taken a conservative approach when it comes to regulation interpretation. We have a completely decentralized validator set, our front-end is also completely decentralized, we have a SifDAO that controls many governance decisions, and we are constantly working towards total decentralization on all aspects of the product.

This rigorous governance process including the vibrant and forward thinking DAO which is focused on ensuring a fully decentralised bridging product. It has been “war tested” for a significant amount of time with an existing Ethereum - Cosmos Bridge and has organically grown in a way to allow for additional bridges to be managed and incorporated with significant ease.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

  • Migration Scripts - July 2022

  • Deliverable: Scripts that migrate the smart contracts to Peggy 2 including user data.

  • Migration Testing - August 2022

  • Deliverable: Testing verifying that user data and smart contracts are accurately migrated by the scripts.

  • Load Testing (Peggy/Sifnode) - August 2022

  • Deliverable: Testing demonstrating that transactions can be conducted over the the bridge in an environment whereby 100K tokens exist and that TPS is greater than 10

  • Sifnode Upgrades (For Peggy 2.0) - September 2022

  • Deliverables:

  • Tokenregistry Modifications

  • Modify token registry to store Peggy 1.0 denom

  • Store old denoms in the field instead of removing them

  • Check tokenregistry usage to verify logic

  • Remove IBC Export, CLP permission for old denoms (Which have Peggy 1.0 name in base denom)

  • IBC Modifications

  • Modify OnRecvPacket to burn Peggy 1.0 denom and mint Peggy 2.0 Denom, on IBC import of Peggy 1.0 token

  • CLP Modifications

  • Add migrator for CLP pools

  • Add migration of reward period to new denom

  • Bank Module Modifications

  • Wrap sdk Bank Module in a custom Module

  • Add migrator for all account balances to migrate to a new denom

  • Initial Audit Remediations - September 2022

  • Deliverable: Code changes and explanations for issues found by auditors

  • Final Auditing and Testing - October 2022

  • Deliverables:

  • Formalized audit report by Halborn, Certik, Denali, Elliot outlining final audit and remediations

  • Passing integration and regression tests

  • Launch - October 2022

  • Deliverable: Peggy 2.0 updated relayer, witness, sifnode, smart contract, and UI code with working testing/migration scripts connecting Sifchain and Ethereum

  • Connection with Cardano – November 2022

  • Deliverable: Integration of Peggy 2.0 with Cardano, allowing users to import/export assets between Sifchain & Cardano with the Sifchain UI.

    [FEASIBILITY] Please provide a detailed budget breakdown.

Below you will find a list of total costs for the development of Omni-EVM

. The technical nature of Omni-EVM allows to bridge towards multiple ecosystems. That is why we are distributing the costs among those ecosystems instead of applying for the full amount here.

Total cost for Omni-EVM – $1.449.500

10% of those cost $144.950

Rounded application amount $150.000

BREAKDOWN

AUDITS $340.000

HALBORN

Halborn conducted a security assessment on all protocol codes on Sifchain nodes and the Ethereum bridge, Peggy, prior to its production release. They also audited the Sifchain token sale smart contracts.

- Preliminary Sifnode, relayer audit

Halborn: $100.000

CERTIK

To protect their users by finding and fixing known vulnerabilities that could cause unauthorized access, loss of funds, cascading failures, and/or other vulnerabilities. Sifchain appointed CertiK to review and verify the implementation of the Sifnode project against its specifications.

Certik: $ 240.000

Development $1.260.000

Peggy Development Team (includes 1 PM, 5 engineers, 2 dedicated testing resources): $105.000/ month.

Development has been in progress for roughly 9 months. The remaining development will take 3 months.

BizDev & Promotion $45.000

Application costs **$**10.000

Engaging with users and projects building on Cosmos and Cardano to utilize the bridge **$**10.000

PR & Influencer awareness campaign $25.000

Community Management & Support $4.500

Extra support resources in telegram & discord to assist users in utilizing the bridge **$**4.500

[FEASIBILITY] Please provide details of the people who will work on the project.

Some Core Team:

- Jazear Brooks, Co-Founder Sifchain: https://www.linkedin.com/in/jazearbrooks/

- Aiden Musnitzky, CTO: https://www.linkedin.com/in/aidanmusnitzky/

- Jon Hancock, Director of Engineering: https://www.linkedin.com/in/jon-hancock-094396/

- Casey Arrington, Product Direction/Head of BD: https://www.linkedin.com/in/caseyturnerarrington/

- Tim Lind, Core Sifnode Engineer: https://www.linkedin.com/in/tim-lind-a8104320/

- Tiến Nguyễn Khắc, Front-End Engineer: https://www.linkedin.com/in/tien/

- Alan Soares, Front-End Engineer: https://www.linkedin.com/in/alanrsoares/

- James Moore, Peggy Engineer: https://www.linkedin.com/in/jamesmmooreiv/

- And more

Auditors:

- Halborn: https://halborn.com/

- Certik: https://www.certik.com/

- Elliot Friedman: https://www.linkedin.com/in/elliot-friedman-blockchain/

- Denali Marsh: https://www.linkedin.com/in/denali-marsh/

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

The current funding calculations include the final version of the bridge. The bridge will be maintained out of Sifchain funds infinitely. There is no further need for funding from Catalyst.

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

1st Metric

  • Volume of Sifchain / Cosmos assets being bridged to Cardano
  • Volume of Cardano assets being bridged to Sifchain / Cosmos

2nd Metric

  • Mentions of Omni-EVM and the bridge to Cardano in our influencer and PR campaign.

3rd Metric

  • TVL of Sifchain / Cosmos assets being bridged to Cardano

  • TVL of Cardano assets being bridged to Sifchain / Cosmos

    [AUDITABILITY] What does success for this project look like?

  1. The smart contracts are successfully audited
  2. The smart contracts are successfully uploaded Cardano EVM and Sifchain Blockchains
  3. The web portal to the bridge is live and operational
  4. The first transfers are being made by the community

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

This is an entirely new proposal.

Proposal Assessor Reviews

Impact / Alignment

4.4 / 5
7 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (7)

Commenter gravatar

This proposal wants to create the possibility to send tokens and native assets between Cardano, Cosmos and Sifchain. The proposal describes to plan in detail. Overall this higher the interoperability between Cardano and other blockchains thus the users and community can work together and use each other’s applications. Therefore it clearly matches the challenge.

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.

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The asset transfer block that holds Cosmos and Cardano has not yet been established, the idea of which is to create a bridge between the two ecosystems. The problem presented is consistent with the challenge that needs to be addressed. Omni-EVM is a large-scale construction project that aims to connect platforms, ecosystems together such as Ethereum, BSC, Moonriver, etc. The current proposal is only part of it, making cardano connections with Cosmos/Sifchain and vice versa. The solution of the proposal shows that the author has studied the cross-chain interoperability of CEXes, the use of EVM (Ethereum Virtual Machine) technology is in line with the challenge. The solution is implemented to increase the operation of defi, connecting assets will be easier. This impacts the Cardano, Cardano ecosystem which is integrated with global Defi structures. The main goal of the proposal is to connect assets between the Cardano and Cosmos ecosystems, Cardano's users are exposed to the Cosmos ecosystem and vice versa, it will be easier to implement liquidity. This is in line with the installed challenges, solving the problem given. The proposal identified the risks of a possible developer shortage, the risk of a hacker attack, and legal risks. We can see appropriate risk reduction, evidence of the project's ability to implement developers and internal legal experts of the project. We have an opinion on the risks when the bridge's connection is not made, the understanding is not the connection cardano and Cosmos, as far as the solution implements the proposal is part of the project connecting many platforms, ecosystems. So the project that is implemented will have ecosystem connections, for example: BSC is connected to Ethereum, if so cardano can be connected to BSC or Ethereum? We are interested in this, we hope that the author will have appropriate solutions to this problem. I rated: 5

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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.

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The problem states that there is no way to send/receive tokens between the COSMOS and Cardano blockchains, which limits flow of Cardano native assets in blockchain as a whole. Interoperability will be valued and a reality in upcoming years for Cardano. The COSMOS chain has a strong community of builders and investors and have made impressive strides in Defi and DAO voting. Sifchain had some unfortunate liquidity problems during the market crash, but they have since steered back on course, learned from their mistakes, and are building in the bear market. I have paid attention to some of the projects built on COSMOS and I have often thought that those products would work well with things that are being built on Cardano. I believe that this interoporability would promote good in both ecosystems. The outlined goals make this a solid choice to place in the Cross Chain Collaboration challenge. I rate impact with 5 stars.

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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.

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This proposal discusses the needs of cross-chain interoperability in great depth and with interesting insights, making the case for an "Omni-EVM" to in effect create a bridge from Cardano to Cosmos and via Cosmos to other EVM and EVM-compatible blockchains. Applying this concept with DeFi in mind makes a lot of sense and is a great case study for overcoming tribalism and fostering deeper collaboration between different communities of developers. The proposers do a good job in discussing the different stakeholders that will benefit from this bridge, and not only focus on the technical implementation, but also PR, community and impact of their work. This project promises to have real impact on cross-chain transfer of assets and collaboration between hitherto unconnected open source contributors. It will benefit DeFi for both Cardano and Cosmos and should be highly relevant to the metrics of this challenge setting.

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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.

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The proposer identified a problem that is in perfect alignment with the challenge setting. By building a bridge between Cardano and EVM compatible blockchains with Omni-EVM, the ecosystems of Cardano, Cosmos, Sifchain and other blockchains will benefit. The proposer assesses quite convincingly that this would primarily benefit the Cardano ecosystem as projects with their tokens can migrate to Cardano via Sifchain.

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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.

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5
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The proposer aims to link Cardano to Cosmos through implementation of a bridge built using the Cosmos SDK by leveraging the upcoming EVM-compatibility of Cardano. The solution offers integration which is not similar to collaboration. The nuance here is that integration relies on more than what the proposer is offering. The proposal is a one-sided view of a bridge and even that half is theoretically explained.

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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.

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Omni-EVM Pegy 2.0 and Sifchain is a really cool technology! However I'm having the hardest time tying the solution problem statement Cardano! Cardano is NOT an evm blockchain. Proposal detail solution does little to make this strong connection. Much of the proposal is talking about building Omni-EVM and Peggy 2 migration.

How does all of the work that will be done on the implementation of the Omni-EVM bridge answer for example the challenge ask for "New technical implementations connecting Cardano to other blockchains and vice versa?"

I was expecting to hear specific technology to handle Cardano's UTXOs accounting structure and how it will bridge to the account-based account of most EVM blockchains. I was expecting to see information of perhaps use of native scripts (like Milkomeda), Cardano validators, Plutus or Plutarch smart contracts, or the combination of any or all of these.

It's hard to say this proposal is answering the challenge ask when it only provide details about EVM technology for bridging and zero about UTXOs side of the bridge.

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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.

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z_assessor_2098
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9
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Feasibility

3.4 / 5
7 Reviews

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

Community Reviews (7)

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The team has linked their LinkedIn accounts. They all have several years of experience. They also have linked the auditors. The auditors seem also very competent and experienced. The budget is clearly stated. This a development which includes more blockchains. They have allocated 10% of the overall cost to Cardano. This seems to be fair. The timeplan is more for the overall network. But the description is very detailed. Cardano is just mentioned in the last point. You could have gone more into detail especially on how you development for Cardano is planned. The risks are analyzed, and a solution has been proposed. Overall the team is competent, the budget is clear and fair. As is said the timeplan is detailed but you missed some details for Cardano but overall it´s understandable and seems reasonable. Therefore I give 5 stars.

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.

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z_assessor_3472
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5
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The plan for implementing the proposal gives details, clearly showing the work done with important timelines of one month. We can see that the plan has identified the work that needs to be done carefully, after only 2 months it is possible to test the evidence of the transaction successfully executed. The recording of the entire Peggy 1.0 demo and Peggy 2.0 demo was planned to perform as stated. The plan of this proposal is part of the implementation of the Omni-EVM project. We are very interested in the stages of the project implementation that have previously been connected by which ecosystems? The implementation of the construction of bridges connecting previous ecosystems that the project has implemented can help us further evaluate the success of this proposal. The Omni-EVM project requires a budget of $1449,500, and the proposal to build a bridge between Cardano and Cosmos requires only $150,000 (10 percent). We haven't seen the details in the spending table of the granted funds, instead the budget analysis of the whole Omni-EVM project, but this is just a summary. We asked for a detailed analysis of the use of the proposed amount of the proposal, and we hope the author will add these data. This helps us better define the possibility of success of the proposal. The proposal has identified human resources to implement the plan, these are also members who are implementing the Omni-EVM project. The information about them is not much, most of the information is on LinkedIn, we do not see all this information, however we believe that they have had the results in previous studies will successfully implement this proposal. I rated: 4

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.

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LinkedIn links are provided for all team members and auditors. There are Github links to development of completed and related projects, and I was able to use Google to research loose ends. The only project I couldn't find a completed product for was the Snowbridge made by one of the co-founders – I would like to see a link to the functioning,completed product. The budget is realistic and broken down completely with persons/entities responsible for each task and justifications including funds beyond their ask in Catalyst. They are asking for about 10% of the required funds from Catalyst Fund 9 and plan to ask for other funds from the other entities that would benefit from this bridge being built. They have no further plans to ask for any more from the Cardano Treasury as they plan to fund themselves after the bridge is completed. 3 realistic risks are presented and possible solutions are provided in the proposal, including the extremely important subject of bridge security. We value security on Cardano, and I am pleased to see that this group of developers shares that value. Rating Feasibility at 4 stars.

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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.

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This proposal asks for 10% of the total project costs of 1.5M dollars, with the rationale that it will benefit many blockchains and only 10% should be borne by Cardano and Project Catalyst. The rest of the costs will be paid out the Sifchain treasury/budget. The project lists 8 team members and 4 auditors, with external links to their profiles. The budget breakdown is detailed and makes good use of external resources and auditing companies. Risks are discussed and mitigated well. A lot more discussion and explanation should have been given about the 90% of the budget not funded by Project Catalyst, as it otherwise puts a fairly large part of this challenge setting at risk (>15%) outside the control of Catalyst audit. While this does not deteriorate the likely probability of successful delivery, it puts the audit and influence by Catalyst at risk as we are only a "junior partner" in the project. As a grant to make this project happen it might still be well worth it, but some documentation for the funding with proof of funds would have been required in my opinion as this request for fractional funding is quite unusual in the current format of Project Catalyst.

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.

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z_assessor_2554
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6
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The linked resources paint a good picture of the development status. The sifnode Github repository is very active with dozens of active contributors. The LinkedIn profiles convey professionalism as well. The team is applying through Catalyst for about 10% of the total required funding. It is unclear whether the funding from the other ecosystem is guaranteed or not. What would it mean if this proposal would not be funded or if this proposal would be funded but the other ecosystems are not pitching in? A note on what the role of the main proposer (Maximilian Rang) is at Sifchain would have been nice to know for the voter as well. Due to the open and quite important financing question, the rating can only be 3 out of 5 at best here.

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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.

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The proposer requests 10% of the funds required to implement the solution. The successful implementation of the solution would require multiple proposals to be successfully funded via Catalyst. Each one with its own likelihood of success/failure. Overall, the probability of achieving 100% success rate on multiple proposals of high values is not equal to 1. In summary, the likelihood of not getting the funding is limiting the ability of the proposers, regardless of their experience, to deliver.

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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.

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The project provide a detail milestones and timeline but none of the deliverables speaks towards the Cardano side of this bridge. How do Cardano wallets enter the bridge? This tells me that the team does not have any experience with the Cardano technology stack. Perhaps they plan to hire people on the Cardano side but the proposal does not provide any information about this.

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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.

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9
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Auditability

3.6 / 5
7 Reviews

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

Community Reviews (7)

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The team has made three different metrics to measure the success of the project. Every metric is filled with different KPIs which are easy to evaluate because they are numerically measurable. The success goal is described by 4 metrics which are highly focused on that the implementation properly works. And they have a third party audit of their code. This higher the trustfulness.

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.

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z_assessor_3472
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5
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The proposal has set out a roadmap for implementation with important milestones and the time to achieve results. Based on the plan set out and the objectives achieved by the plan, we can see that the proposal is being implemented and can be audited in a monthly period. To be able to see the indicators about: The volume of Sifchain / Cosmos assets connected to Cardano, we would like the author to have detailed reports on GitHub. Detailed reports on the work done, the research papers, the Peggy 1.0 and Peggy 2.0 have recorded V.etc. The author should consider committing to the implementation of these reports. Indicators/KPIs determine the success of the proposal as appropriate when smart contracts are successfully audited and uploaded in Cardano EVM and Sifchain Blockchains, and liquidity is implemented. In general, we can audit the implementation of the proposal and determine the proposal has been completed. I rated: 4

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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.

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The timeline for this project appears realistic and is displayed with detailed month/year milestones. They have listed 3 metrics that I find to be a good measure of effectiveness and also list descriptions of proposed outcomes. Links are provided for the security firms working with the team and a Github link is provided to track progress leading to the proposal's delivery. Rated 5 stars for clarity/auditability.

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.

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With Project Catalyst and Cardano only paying for 10% of the budget of this project and no guarantee or likelihood of a partial result were the other funding party not to pay up, I cannot agree that this project will be sufficiently auditable for Project Catalyst challenge team members or auditors. Otherwise this is a very impressive proposal with good metrics and a strong team, but given the novelty of the proposed financing for the current format of assessment I had to take this into account in both Feasibility and auditability and hope this gives the voter a measured assessment to help with their decision based on risk appetite and faith in the Sifchain's commitment to this project if funded by Catalyst for 10% of its budget.

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.

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z_assessor_2554
Total QA Ratings
6
QA Rating Outcome
Good
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While not explicitly mentioned, the Github repositories will provide great insight into the progress of the implementation of the proposal. The three metrics provided for auditability are good indicators and sufficient to determine the success of the proposal.

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_2209
Total QA Ratings
5
QA Rating Outcome
Good
Confirming your humanity

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The proposer does not offer auditability of the proposal per se. They are requesting 10% of what they would require. The audit measures do not align to any of the deliverables of the proposal. In fact, the requested amount would not deliver anything in terms of products making up the complete solution. It is an arbitrary 10% of the total required funding.

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_2126
Total QA Ratings
7
QA Rating Outcome
Good
Confirming your humanity

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Commenter gravatar

The proposal provides on information of how the work be managed internally or how the community will be able to follow along the development and shipment of the "final" software product. Will this be open source people can follow along with? If not, will there be developer dispatches like liqwid and other did/do?

Without a way for the Cardano community to follow along, there's no way to audit the product/software being built. How will the community know if you hit a roadblock?

Would have also love to see the proposal definition of success be explicitly link to success indicators from the challenge brief.

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_2098
Total QA Ratings
9
QA Rating Outcome
Good
Confirming your humanity

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EP1: 'd' Parameter
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