Closed sangleee closed 1 year ago
stacks-foundation
commented
2 years ago 👋 @sangleee Thanks for your application! We will do a pre-review and let you know if we have any immediate questions. In the mean time please refer to our review schedule here for a detailed timeline and response dates. Best, Will
will-corcoran
commented
2 years ago Hi @sangleee thanks for the thoughtful application. Curious how much of the $500k is going to development vs. going to other efforts / needs. Also, please expand on what those other 'efforts / needs' might entail. Thanks, Will
sangleee
commented
2 years ago Hi Will, thanks for your email.
Since we started development to connect Stacks with our protocols, we have spent huge costs for development such as audits and human resources. We were thinking of efforts/needs might be providing liquidity on the DEXes on Stacks network. As we get grants from the foundation, we can cover most of the costs for development we spent so far. The amount for providing liquidity should be internally discussed first. However, I can tell you our CEO told me that he is going to provide liquidity to ALEX, Arkadiko, and Stackswap if we get grants from the Stacks foundation.
Thanks, Sangyoon
2022년 10월 6일 (목) 오전 12:28, Will Corcoran @.***>님이 작성:
Hi @sangleee https://github.com/sangleee thanks for the thoughtful application. Curious how much of the $500k is going to development vs. going to other efforts / needs. Also, please expand on what those other 'efforts / needs' might entail. Thanks, Will
— Reply to this email directly, view it on GitHub https://github.com/stacksgov/Stacks-Grant-Launchpad/issues/695#issuecomment-1268597033, or unsubscribe https://github.com/notifications/unsubscribe-auth/A2SPWBMBGMEPMBKDFSGXW63WBWNAHANCNFSM6AAAAAAQXLU2AE . You are receiving this because you were mentioned.Message ID: @.***>
will-corcoran
commented
1 year ago Hi @sangleee -
Right now and for the next quarter or so, grants are going to be reserved for critical blockchain related work and addressing priorities outlined from community feedback, which you can find here. As such, we are going to pass on this grant application for now. However, it sounds like you have been in contact with @louiseivan regarding liquidity. We hope those conversations are fruitful.
Best, Will
APPLICANT
Type: Direct Application
Email: sangyoonlee@ozys.net
Discord: sangyoonlee#1793
Twitter: sangyooneee
Stacks Forum: sangleee
GRANT BASICS
Grant Name: Orbit Bridge connecting Stacks
Total Budget: 500,000
Total Duration: 1,000
Grant Type: Stacks Foundation Direct Investment
Grant Track: Cross-Chain & Off-Chain
Grant Goal: Integrate Between Technologies
Grant Audience: End Users (Consumer)
Specific Audience: Community, STX holders and endusers who want to explore Stacks network ecosystem
Grant Team: Orbit Chain team(https://github.com/orbit-chain)
Previous Grants:
Ecosystem Programs:
GRANT MISSION, IMPACT, RISKS & REFERENCE
Grant Mission: The great progress of Stacks is about to be real. It is a rare experience of consensus among DeFi users and a big deal for the world's most popular cryptocurrency. The most impressive part of Stacks has to do with the smart contracts, which are necessary for the scalability of Bitcoin. This will facilitate employing data on-chain including Bitcoin transactions. Users now have chances to explore diverse DeFi protocols that enhance the efficiency of their assets. So Orbit Chain seized an opportunity to move forward with Stacks network. Orbit Chain is trying our best to make the Stacks ecosystem advantageous for crypto assets to be interoperable in order to broaden the ecosystem. The core developers of Stacks put all their energy into settling an on-chain smart contract. Orbit Chain finalizes vault and minter contacts of Orbit Bridge which are ported on the Stacks mainnet. This will impact the market with the great update of Stacks. Orbit Chain team is well-prepared for the integration so Orbit Bridge utilizes more assets from numerous chains. Orbit Bridge focused on secure operation with the current Stacks network. Connecting Stacks and Orbit Bridge together will encourage the functionality of Bitcoin via smart contracts and decentralized applications to be able to take advantage of liquidity available from heterogeneous chains. With the milestones we have set for Stacks network, Orbit Bridge is going to make fruitful environment for DeFi users and protocols to meet the new era
Grant Impact: It is the first opportunity for Stacks network to advance to the multi-chain world. At the initial stage, STX will be utilized on the mainnets we are going to connect so that the community will experience DEXes, GameFis, and NFT. Verify the impact as network TVL increases with achievements we make.
Grant Risks: We have worked on this project since last year. We prepared a lot to make a great launch, so we are confident to say that we are ready to move on with Stacks foundation to make an impact on the cryptocurrency market as a key player. Active communication with the foundation will let us overcome risks
Support Link: Introduction of Ozys
GRANT ROADMAP & DELIVERABLES
MILESTONE 1:
Deliverable: Orbit Bridge connects Stacks with 16 mainnets
MILESTONE 2:
Deliverable: Provide liquidity on DeFi protocols with supports of the grant program of Stacks
MILESTONE 3:
Deliverable: Promote STX paired pools on Klayswap and Meshswap, Cross-chain yield optimizers
MILESTONE 4:
Deliverable: Integrate Orbit Bridge with ALEX, Arkadiko, and Stackswap
MILESTONE 5:
Deliverable: Develop crosschain bridging for the assets from Stacks network
MILESTONE 6:
Deliverable: cross-chain gaming assets swap function / NFT composability
MILESTONE 7:
Deliverable: Promote Stacks network through Ozys's community channels for bringing new users
MILESTONE 8:
Deliverable: Set STX as a major asset for providing yield farming with high APR on DEXes
FINAL DELIVERABLE
Deliverable: This integration with OrbitChain will enable the free movement of Stacks assets