Incognitee: Privacy Sidechain on Polkadot Asset Hub (Retroactive)
Beneficiary:Integritee has deployed its privacy sidechain technology on Polkadot Asset Hub, already supporting private transfers for DOT, USDCe, USDTe, ETH, WBTC.
Use it now at: https://app.incognitee.io
This proposal covers efforts from 01.07.2024 until 31.03.2025 (9 months) retroactively.
171’498 CHF ≃ 201’140 USD ≃ 201’140 USDT
- Full Proposal Document
- approved previous DOT Treasury retroactive funding (ref 997)
- approved previous DOT Treasury retroactive funding (ref 617)
- initial discussion post
We consider this a soft-loan which we will pay back to the treasury with a fraction of fee revenues which each shard of Incognitee earns as long as the target token is present on the Polkadot Asset Hub and can be spent by the treasury. We commit to sending 30% of our gross fee revenue back to the treasury automatically and regularly until we have repaid the soft-loan plus a one-off premium of 10%.
Context
- brenzi's Incognitee presentation at decoded 2024
- Private Transactions on L2 for all Polkadot Chains | Polkadot Decoded 2023: video recording
- Why Privacy Matters And What Integritee Can Do About it | Polkadot Now India: video recording
- Account hygiene: a practical guide using Incognitee: forum post
Our CTO brenzi appeared in AAG 222 to explain this proposal
Comments (13)
Proposal Passed
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Aye (64)0.0 DOT
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Nay (38)0.0 DOT
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Nye.
In your Full Proposal Document link, I found the Usage Analysis.
The usage number does not look good. It is way too small to provide any valid privacy.
https://assethub-polkadot.subscan.io/transfer?address=14UsSvuFHWMTNhjkHcRt9gw1TogeWzg6zydVsHqK9EXhWHy9&token_category=native&token_category=asset&token_category=foreign_asset&page=1&page_size=25
Just not something I expect for at least year.
I feel it as a very bad sign and doubt the neccessarity of continuing support from treasury.
Hope my comment can warn the team and leads to your prosperity.
PS: No offence, I know integritee is a good porject working on TEE topic.
Our CTO brenzi appeared in AAG 222 to explain this proposal
https://x.com/TheKusamarian/status/1911162410649731529