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: <a href="https://app.incognitee.io">https://app.incognitee.io</a>
This proposal covers efforts from 01.07.2024 until 31.03.2025 (9 months) retroactively.
171&rsquo;498 CHF ≃ 201&rsquo;140 USD ≃ 201&rsquo;140 USDT
<ul>
<li><a href="https://docs.google.com/document/d/1PHMdIkqOUw1c3POn8l-Lo3we20k6yh1DFb7aONbP5T4">Full Proposal Document</a></li>
<li>approved previous DOT Treasury retroactive funding (<a href="https://polkadot.polkassembly.io/referenda/997">ref 997</a>)</li>
<li>approved previous DOT Treasury retroactive funding (<a href="https://polkadot.polkassembly.io/treasury/617">ref 617</a>)</li>
<li>initial <a href="https://polkadot.polkassembly.io/post/1739">discussion post</a></li>
</ul>
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
<ul>
<li>brenzi's <a href="https://www.youtube.com/live/pKCqjkhmbB0?feature=shared&amp;t=12004">Incognitee presentation at decoded 2024 </a></li>
<li>Private Transactions on L2 for all Polkadot Chains | Polkadot Decoded 2023: <a href="https://youtu.be/mNs4txHedWs?si=pWv15HSusQJuHwih">video recording </a></li>
<li>Why Privacy Matters And What Integritee Can Do About it | Polkadot Now India: <a href="https://youtu.be/7he0Uqe9jps?si=qdbXK8arCIrEsY6N">video recording </a></li>
<li>Account hygiene: a practical guide using Incognitee: <a href="https://forum.polkadot.network/t/account-hygiene-a-practical-guide-using-incognitee/11569">forum post</a></li>
</ul>

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](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](https://docs.google.com/document/d/1PHMdIkqOUw1c3POn8l-Lo3we20k6yh1DFb7aONbP5T4)
*   approved previous DOT Treasury retroactive funding ([ref 997](https://polkadot.polkassembly.io/referenda/997))
*   approved previous DOT Treasury retroactive funding ([ref 617](https://polkadot.polkassembly.io/treasury/617))
*   initial [discussion post](https://polkadot.polkassembly.io/post/1739)

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](https://www.youtube.com/live/pKCqjkhmbB0?feature=shared&t=12004)
*   Private Transactions on L2 for all Polkadot Chains | Polkadot Decoded 2023: [video recording](https://youtu.be/mNs4txHedWs?si=pWv15HSusQJuHwih)
*   Why Privacy Matters And What Integritee Can Do About it | Polkadot Now India: [video recording](https://youtu.be/7he0Uqe9jps?si=qdbXK8arCIrEsY6N)
*   Account hygiene: a practical guide using Incognitee: [forum post](https://forum.polkadot.network/t/account-hygiene-a-practical-guide-using-incognitee/11569)

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:** Integritee aims to enhance privacy for various cryptocurrencies on the Polkadot Asset Hub.
- **Significance:** Ensuring privacy for transactions on Polkadot is crucial for user security and confidentiality.
- **Proposed Solution:** Integritee offers a privacy sidechain technology for DOT, USDCe, USDTe, ETH, and WBTC on the Polkadot Asset Hub.
- **Expected Outcomes:** Integritee plans to repay a soft-loan to the treasury with 30% of gross fee revenue until the loan plus a 10% premium is cleared.

#1518 Incognitee: Privacy Sidechain on Polkadot Asset Hub (Retroactive)

No Active Proposals