Hi @lefterisjp and thank you for your feedback. The initial draft wasn’t clear enough in the budget spending and I will attempt to breakdown the budget proposal that Candide is requesting.
Candide works as a collective of individuals that cares about building accessible Layer2s wallets. For this grant, we will setup a program to invite contributors who would like to collaborate on working on new features, design and communication. We estimate that a single contributor that we will onboard will be paid for his time around 3k a month, averaging between a developer, a designer and a content creator.
| Budget Category | Description & Assumptions | Amt USD |
|---|---|---|
| Fundamentals | Build fundamental wallet components to properly support Rollups like Optimism | $20,000 |
| Ecosystem integration | Add wallet integrations that augments and encourage the use of the network | $20,000 |
| Interface | Design and implement accessible interfaces that are designed for Layer2s | $20,000 |
| Educational | Create a space to learn about Ethereum scaling solutions and self-custodial wallets | $10,000 |
| Incentives | Subsidie fiat-on-ramp fees that are deposited to Optimism | $15,000 |
| New Beta | Experiment with interfaces on top of Account Abstraction | $4,000 |
Total Budget: $89,000
At current price of ~$0.468 per OP at the time of writing this proposal, this amounts to ~190k OP.
We estimate that we would be spending this amount in a time frame of 8 months, averaging ~$11k per month.
To breakdown further some of the tasks in each category:
- Fundamentals: this includes to the basic features that are supported in mainstream wallets. Examples includes displaying account balances and estimating gas on contract interactions.
- Ecosystem integration: this includes integrations that are vital for users to deposit and interact with Optimism network. Examples are fiat-on-ramp integration and in-app bridging support.
- Interface: this includes studies on how to properly design easy to use wallets that are native to Optimism and Layer2s and that includes design interfaces and front-end work.
- Educational: this will be considered our marketing strategy, fostering not only an awareness of Candide but also Ethereum’s decentralized values and Layer2s purposes. Example includes blog posts community engagement.
- Incentives: Candide plans to offset the fees required to deposit to on-ramp operators; making it essential free to get on-boarded Optimism without going through Layer 1.
- New Beta: As the tech mature, Candide would like to experiment with Account Abstractions that is directly built on top of Layer2s. We would use that budget specifically to research around that topic.
Note: I have added a denomination in dollar amount to be prioritized in this budget proposal over OP – as the the spot price assumed at the time of posting was much higher. If this price changes between then and when the budget gets proposed on-chain, the OP amount will be readjusted to reflect the dollar amount above. OP are rounded values.
I will be updating the current draft with the new detailed changes.