Proponent: 14pa3BAYZLPvZfRDjWEfZXZWBVU45E67HUQEUxNCrdXGoata
Date: 2024/11/11
Duration: 3.5 Months
Proposal Payment: 134,500 UDST
Short description: This is a follow up proposal to our <a href="462" target="_blank" rel="noopener noreferrer">previous retroactive proposal</a>. This proposal outlines the enhancements and optimizations made in Mimir 2.0, a multisig product that aims to improve asset management and governance within the Polkadot ecosystem.
With the introduction of Mimir 2.0, users can utilize 1/N multisig, batch transactions, staking, as well as proxy accounts. This comprehensive approach enhances flexibility and security, making Mimir an indispensable tool for secure asset management in Polkadot.
Project Category: Infrastructure/Dapp
Website: <a href="https://app.mimir.global/" target="_blank" rel="noopener noreferrer">https://app.mimir.global/</a>
Github: <a href="https://github.com/mimir-labs" target="_blank" rel="noopener noreferrer">https://github.com/mimir-labs</a>
Detailed Proposal: <a href="https://lvaum5an0ad.feishu.cn/docx/Or3rdYeaOolIJaxIYiDc3ypUnnc?from=from_copylink" target="_blank" rel="noopener noreferrer">[Retroactive]Treasury Proposal- Mimir 2.0 - Multisig Optimization And Proxy</a>
&nbsp;
<h1>Introduction</h1>
<h2>What is Mimir?</h2>
Mimir is the ultimate multisig wallet built for enterprises and advanced Web3 users. With Mimir, users can manage their multichain operations in a secure, efficient and cost-effective manner all while enjoying a unified user experience. A 1st winner of the 2023 Polkadot Asia Summer Hackathon in Application Track and 2nd runner-up in the 2023 Polkadot Winter Hackathon in Ecosystem Developer Tools Track, Mimir has evolved into a fully-fledged product with expansive network integration and increasing user adoption.
<h2>What has been done in Mimir 1.0?</h2>
<h3>User statistics</h3>
<img src="https://i.ibb.co/7kmCW4P/image.png" alt="image.png" />Mimir has onboarded over 230 multisig accounts and served more than 1,400 addresses. Public chain teams are utilizing Mimir multisig wallet for asset management, whereas multisig-based DAOs are employing Mimir for governance-related activities.
Trusted Partner: <a href="https://x.com/PolkadotMexico_" target="_blank" rel="noopener noreferrer">Polkadot Mexican</a>, <a href="https://mosaicchain.io/" target="_blank" rel="noopener noreferrer">Mosaic</a>
<h3><img src="https://i.ibb.co/S6RkWRS/image.png" alt="image.png" />Supported networks</h3>
Mimir supports the largest number of network integrations among multisig products in Polkadot. Specifically, we have integrated a total of 22 networks, including 11 networks in the Polkadot ecosystem, 9 networks in the Kusama ecosystem, 2 Substrate solo chains and 2 testnets.
<ol>
<li data-list="number">Polkadot &amp; Parachains: Polkadot, Polkadot Asset Hub, Collectives, Coretime, People, Acala, Bifrost, Crust, Pendulum, Phala, Hydration</li>
<li data-list="number">Kusama &amp; Parachains: Kusama, Kusama Asset Hub, Coretime, People, Amplitude, Bifrost Kusama, Karura, Khala</li>
<li data-list="number">Solo chains: Vara, Crust</li>
<li data-list="number">Testnets: Rococo, Paseo</li>
</ol>
<h3>Integrated applications</h3>
Mimir is also the multisig that supports the most applications in Polkadot. Integrated applications include: Subsquare, Bifrost App, Crust Files, Polkadot JS, and Polkadot Staking Dashboard.
<h3>Social media engagement</h3>
On social media, our Twitter account has grown from zero to over 13,000 followers. We have organized a total of 8 social events in collaboration with various networks, communities, and applications, engaging approximately 200 participants in each event.
<h2>What is in plan for Mimir 2.0?</h2>
With Mimir 2.0, in this proposal, we plan to introduce new features along with improvements of existing features. To be specific:
<ol>
<li data-list="bullet">View, add, and manage various types of proxy accounts</li>
<li data-list="bullet">Stake, unstake, and manage stakes on the Polkadot Staking Dashboard</li>
<li data-list="bullet">1/N multisig &ndash; multisig with a threshold of 1</li>
<li data-list="bullet">Store transactions in cache for future batch processing with support for nested batch operations</li>
<li data-list="bullet">Add any accounts to watchlist</li>
</ol>
&nbsp;
<h1>Ecosystem Fit</h1>
Mimir's product design philosophy focuses on enhancing user experience by providing a more user-friendly solution. The Polkadot ecosystem boasts powerful underlying technology, with Substrate's Pallet capable of achieving almost any function yet the ecosystem is lacking user-friendly interfaces. From multisig to proxy and batch operations, Mimir is committed to making these features more accessible. We continuously optimize and iterate on our products to support the growth and prosperity of the Polkadot ecosystem.
<h2>Use case: DV Cohort 3 Account Structure Analysis</h2>
<a href="https://app.mimir.global/?address=13EyMuuDHwtq5RD6w3psCJ9WvJFZzDDion6Fd2FVAqxz1g7K&amp;network=polkadot&amp;tab=structure" target="_blank" rel="noopener noreferrer">ChaosDAO</a>: Votes are collected off-chain and cast by the 146H address. If any issues arise, they can be amended by the emergency committee at 15QH. 
<a href="https://app.mimir.global/?address=16Gpd7FDEMR6STGyzTqKie4Xd3AXWNCjr6K8W8kSaG1r4VTQ&amp;network=polkadot&amp;tab=structure" target="_blank" rel="noopener noreferrer"><img src="https://i.ibb.co/Y8tq15q/image.png" alt="image.png" />LeNexus</a>: Votes are collected off-chain and cast by the 11JZ address.
<a href="https://app.mimir.global/?address=15KHTWdJyzyxaQbBNRmQN89KmFr1jPXXsPHM5Rxvd1Tkb2XZ&amp;network=polkadot&amp;tab=structure" target="_blank" rel="noopener noreferrer"><img src="https://i.ibb.co/zfLY2qM/image.png" alt="image.png" />KusDAO</a>: Votes are collected off-chain and cast by the 13KM address.
<a href="https://app.mimir.global/?address=13z9CiETVYCrxz3cghDuTyRGbaYQrwSyRnRcJX5iFbXvrwhT&amp;network=polkadot&amp;tab=structure" target="_blank" rel="noopener noreferrer"><img src="https://i.ibb.co/NNRgpSM/image.png" alt="image.png" />Polkadot Hungary</a>: A committee composed of a 3/5 flexible multisig account.
<a href="https://app.mimir.global/?address=153YD8ZHD9dRh82U419bSCB5SzWhbdAFzjj4NtA5pMazR2yC&amp;network=polkadot&amp;tab=structure" target="_blank" rel="noopener noreferrer"><img src="https://i.ibb.co/XyssqXj/image.png" alt="image.png" />Saxemberg</a>: Votes are collected off-chain and cast by address 16XI.
<a href="https://app.mimir.global/?address=14AakQ4jAmr2ytcrhfmaiHMpj5F9cR6wK1jRrdfC3N1oTbUz&amp;network=polkadot&amp;tab=structure" target="_blank" rel="noopener noreferrer"><img src="https://i.ibb.co/qDxKYS6/image.png" alt="image.png" />Lucky Friday</a>: An EOA account that gathers input from the community
&nbsp;
As the ecosystem evolves alongside the advent of Polkadot 2.0, the increasing demand for fund management within the Polkadot ecosystem requires effective multisig and proxy solutions. Without these, the barriers to entry will significantly increase, impeding ecosystem development.
Mimir aims to simplify the creation of complex account models that meet diverse needs. By providing product solutions, Mimir empowers users to easily build sophisticated account structures tailored to various scenarios.
&nbsp;
<h1>Budget</h1>
<h2>Payment details</h2>
Total USDT: 134,500 USDT
&nbsp;
A more detailed breakdown of the budget can be found <a href="https://docs.google.com/spreadsheets/d/1HZzB7nQpsYx-2IZ3S5LNvWUC1lcpwiD-/edit?usp=sharing&amp;ouid=101976453912034942917&amp;rtpof=true&amp;sd=true" target="_blank" rel="noopener noreferrer">here</a>.
&nbsp;
<h1>Additional Information</h1>
&nbsp;
<a href="https://github.com/mimir-labs">Github&nbsp;</a>
<a href="https://app.mimir.global/">Mimir Website</a>
<a href="https://twitter.com/Mimir_global">Twitter</a>
<a href="https://t.me/+t7vZ1kXV5h1kNGQ9">Telegram</a>
<a href="mailto:hello@mimir.global">Email</a>

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

Emits [`Event::AssetSpendApproved`] if successful.

- **Problem Statement:** Enhancing asset management and governance within the Polkadot ecosystem through the introduction of Mimir 2.0, a multisig product.
- **Significance:** Increasing demand for fund management in Polkadot necessitates effective multisig and proxy solutions to lower barriers to entry and support ecosystem development.
- **Proposed Solution:** Introducing Mimir 2.0 with features like 1/N multisig, batch transactions, staking, and proxy accounts to enhance flexibility and security in asset management.
- **Expected Outcomes:** Improved user experience, simplified creation of complex account models, and empowerment for users to build sophisticated account structures tailored to diverse needs.

#1305 [Retroactive]Treasury Proposal- Mimir 2.0 - Multisig Optimization And Proxy

No Active Proposals