(Community Spend Proposal) Citadel.one to integrate SNIP-20 tokens, sSCRT Converter, and Secret Bridges into Mobile & Web Versions

The pool will gain those 100k back in just about 3-4 months. This is enough to fund 3-4 big projects, 6-8 medium or 9-12 small projects a year at today’s rate and without the pool decrease. May be more in the future. If you defend the pool in the way you defend it now, very soon there will be no teams willing to work with secret network, and only big developers teams be left + small validators that don’t develop stuff but just validate the network. But, oh my precious, the community pool will be accumulating! This will create a huge gap between small and big validators, the scenario for this you can read here:

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Please read again our proposal, compare it with the previous community spends and let me know if the integrations (including those we already made on citadel.one behalf + those that we will make free of charge and those features for what we ask the funds for) are they not worth the money and can you ever call this a looting again?

Staky.io, sandys team, and SG-1 are all recent great examples of teams that were willing to propose fair amounts with consideration for pool reserves (not all went to on chain). Plenty other teams would be happy for a 30-50k scrt proposal which is 20-35k usd value as of now.

Please, kindly review the features we propose in the main post and my comment to the proposal here:

Yeah i see the features. Please reconsider your perspective on the long term sustainability of the pool and not try to take 10%+ of the reserves. This should be revisited after more discussion has been had on proper pool use and after the bridge mining and amm are not the main focus of our community.

This is very interesting how you been trying all the time to switch attention, depreciate or postpone this proposal either with making up another “more important” topic or with misleading comments or saying there are future events that allegedly are more important than our proposal. I’m not explicitly saying that it looks malicious, but very interesting.
Thank you, we’ve understood your position clearly. But there are 48 other validators with their own opinions on what’s the main focus of the community.

I understand you think getting 10% of the pool is more important than maintaining long term pool reserves. That makes sense, human nature and all. I am well within my rights to advocate for or against something though.

Vlad,
I am not a validator but a private investor who could see the potential of Enigma.
Do have a little real life business experience thus am voicing my concerns.
Not attacking you or your project as not qualified to do so but can run numbers so the sky is green & the grass is blue. It is the numbers that concern me & Why we can not get support from those with a much healthier balance sheet.

Keplr cost 200k cosmostation cost 250k but citadel one being unreasonable for asking 100k… Sure guys.
So what if its 10% of the pool what are you going to use the other 90% for?

Keplr asked for funding before scrt was even listed or was promised to be listed and was something we vitally needed. Can’t really compare the 2.

Good to see you on the right topic pete.
Right now SCRT is very undervalued. So I am sure you would not sell off one of your 10 home units at 10% of the par market value during a low point. You would simply wait for the market to correct.
Again this is just one proposal so if each month an equally deserving project came forward then by the end of the year the fund is ZERO.
Finally if the other funds which control 97.5% of the available funds for these types of projects will Not chip in then either our system is broken or we have to question its value

In reality SCRT is at 2% of its BTC/SCRT price that it was when I first looked at Enigma & BOUGHT , which at the time had no real product.
If SCRT can Not get back to 20% of that BTC/SCRT price then we are all wasting our time & money because the broader community has told us SCRT is useless.
That is why Enigma & the Ecosystem funds need to be the leaders in these types of projects going forward. We just fill the gaps & will need every one of our SCRTs to just do that task.

Also worth mentioning that we will integrate those features that Keplr and Cosmostation integrated for 200k and 250k using citadel.one team own funds. We only ask funding for the developments that have not been proposed or integrated by any of the teams yet + web version of those features as a bonus on our team’s behalf.

You cant compare your proposal to keplr, they asked before scrt was listed and were essential and cosmostation didn’t get any funding. These are bad comparisons. Furthermore pretty much everything you are proposing already has an existing solution, other than mobile snip20 and mobile bridge stuff.

Agreed they’re terrible comparisons. Actually I believe no proposal should ever be compared to other proposals in terms of the amount of SCRT. That’s why it’s so vital each community spend proposal includes a detailed breakdown of costs.

I appreciate Citadel.One’s contributions and engagement in the ecosystem. I don’t necessarily have strong feelings one way or another on this particular proposal at the present time. I do agree with Ian on some of his points about the urgency of this proposal. I don’t foresee any users lining up to use mobile functionality for the bridge. I foresee mobile functionality being similar to that of a tipbot where smaller amounts will be passed amongst friends or for certain small payments.

For me…there are just other things that garner more attention at the present point in time. We have to concentrate on the bridge launch and the AMM launch and how to make those products successful. I don’t want to divert too much energy (actually any) this month debating Governance and proposals.

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Those are completely different proposals as well. The comparison was made earlier in relation to the fact that what citadel.one is proposing is a completely different set of functionality, and those integrations that were made by cosmostation and Keplr, citadel.one will or already made without community funding.
As for the urgency, well, it also takes time to develop all this staff. All integrations will be finished after the launch of the bridge mining and amm.
Apart from the bridge there’s also a snip20 integration, too. The point of the proposal was to have all major secret developments gathered in one. Without having to use multiple sources (metamask, keplr, bridge website, cosmostation).

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Vlad
Not looking to destroy your Business , I am sure you have the best of intentions.
Your maths is wrong though as if the fund accepted each month a proposal like your then we would have nothing by the end of 12 months.( 900 plus 400 = 1300 , sorry 100 left on your figures )
Understand & appreciate the work you do for the Community both paid & Unpaid.
So thank you.
We have 98% of funds that should be used for the major projects not being used that way & 2% used for people like yourself for small yet important modification & fix ups that do not justify large proposal expense. ( so we can fund the validators like yourself & not see them become extinct )
We do have a topic to this ends so I will not continue to debate in the thread which is your proposal.
Again , Thank You for Your ongoing work Vlad but this is now not about the merits But Who should pay for it.

Do I get it right that you are calling this proposal a small modification? A proposal that will unite all major secret developments under one roof both on mobile and web?

Ok, I guess there is no point to continue the discussion further, as all the same arguments either start to come over again and again and we don’t want to continue defending ourselves from constant attacks from a few people saying that we are looters or what we propose is insignificant. That’s sad that we have faced such an attitude, which was quite unexpected, keeping in mind how our relatinship and onboarding started (pretty inspiring I’d say).

Thank you everyone for expressing your views and opinions, I guess there will be more feedback and well thought decisions made when the proposal goes on chain.

Citadel.one did not plan to work on those developments before we got requests from the community to add such compatibility to our mobile app. We already started the research and working on adding Secret Network token and staking to the mobile app. If the community needs the snip20, erc20 and secret bridge, I think this further should be decided by the community on-chain.

We still believe that having this set of functionality under one roof is an essential tool, whether in 2 months or in a year, so we still propose the full stack integration. We decided to fund 50% of the initial request (web+mobile) ourselves and propose 50% to community spend, which is 75 000 SCRT. If the proposal passes we will have the following integrations made both on web and mobile versions:

  1. Add SNIP-20 tokens to Citadel.one

  2. Create viewing key

  3. Send SNIP-20 tokens, add memo, set transaction commission

  4. View SNIP-20 transactions history

  5. SCRT -> secretSCRT / secretSCRT -> SCRT converter

  6. Add AAVE, SNX, MKR, LINK, TUSD, YFI, UNI, KNC, COMP, DAI, BAND and OCEAN to Citadel.one (+ make transactions, add memo, set transaction commission, view transactions history)

  7. Secret bridge

If the proposal doesn’t pass we will continue working only on Secret Network integration (make transactions, add memo, set transaction commission, view transaction history, staking) to Citadel.one mobile app using our own funds.

As I already mentioned, Secret Network integration and research have already started, so we don’t want to break up the developments, as we also have other projects on our roadmap scheduled for the future. Thus, the on-chain proposal will be released today or tomorrow which should leave enough time to think over and make a decision before the bridge mining incentive starts.

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No Vlad,
This is major works so as such should be Funded by those who hold 98% of the funds for improvement works

I see the proposal is on chain.

Payment:

Citadel.one covers 50% of the full request (150 000SCRT) with the team’s own funds. The amount requested from the community pool covers another 50%.
Payment will be made in three installments of the following schedule:
1/3 of the total amount upon the on-chain proposal passing.
1/3 of the total amount upon completion of milestone 4
1/3 of the total amount upon completion of milestone 7

I’m wondering who the custodian is for holding the funds till the milestones are done?

Who owns this address?

secret10d07y265gmmuvt4z0w9aw880jnsr700jc88vt0