So the subject of this proposal is adding private permissionless nft swaps in Secret Network.
At the moment two users need to trust each other when exchanging NFT assets, and that is risky since that opens a door for scammers. Whereas swap contract can mediate the swap and remove any risk associated with trusting another person.
Public swaps and sales (not subject of this proposal) will need to be verified before they appear on marketplace. In that sense they can not be called permissioless. When ActiList will be notified of illegal content, and that notice will be in line with EU regulation, then any related public swaps/sales will be removed from the user interface of ActiList. At the same time removing from blockchain is technically impossible and ActiList can not be held accountable for this.
This project will be finished and used. Even in the current market it doesn’t matter, it will be free in the start and this is not our main source of income, this tool is for everyone and at the same time a good USP to be attached to ActiList. I get that this is not the first time people propose projects like this and don’t finish this. But we are not those people😇
So the fees that we mentioned are in the “worst case” but we have as Anewbizz mentioned, a Validator, a NFT marketplace and this project will just be a tiny problem when things are not going how it should. We still have many other sources of income we can use to back this up.
At least give it a chance and then we can show that this can become a well used project.
Would be happy to get the CCBL item funded for a fair amount but can’t support this specific proposal. It’s a need to fill for the right proposal and plan.
So after the governance call, we got multiple people that gave feedback about the swap and we came to the conclusion to change some things in this proposal to take away the concerns and edited this into a new proposal to comply with the needs of the community. Please leave any feedback if you still have
Nice initiative, thanks!
What about the outcome of this community funding please: will it be reusable by others, for instance via open source smart contracts & a client lib?
the main benefit for the communitty will be free private p2p swap service offered on https://actilist.io
Same deployed smart contract will be usable from any secret.js like client, but it we hope to provide best possible experience from ActiList UI.
The resulting smart contract will be used as a foundation for public swaps in the near futute, and we need to see if can make private swaps open source. If we release private swaps as open source, then there would be at least some delay.
I would really like that we make it a rule that what gets funded must be made open source when dealing with dev community funds, as now stated by the Cosmos Hub DAO. So that it constitutes actual public goods, and we ensure that such financial investments can benefit to many, beyond 1 funded project/team.
I wouldn’t like that call to be a barrier for the ActiList funding, however we should fix that long lasting concern imho. @Lumi@pmuecke