After rejection of ref 868, Integritee has [evaluated the feedback and adapted its request strategy](https://polkadot.polkassembly.io/referenda/868#Oibuq9Acszowe0Qb4bTo)

This proposal is for the upcoming milestone "Test Emergency Interventions on Paseo" and shall cover our work in Q3'24 towards productive privacy sidechains for DOT, KSM, USDT, USDC and others.

187’050 CHF ≃ 208’841.32 USD ≃ **208’841 USDT**

* [Full Proposal Document](https://docs.google.com/document/d/1FwU_nswl28Yhis4qLQgtAulaGq3e2ETeTulrBVTZ0zo)
* [initial discussion post](https://polkadot.polkassembly.io/post/1739)
* [approved previous DOT Treasury retroactive funding (ref 617)](https://polkadot.polkassembly.io/treasury/617)

## What 

Private transactions of DOT, KSM, USDT, USDC

There simply is no other project in the Polkadot ecosystem (an elsewhere in web3!) offering our level of privacy and convenience:

* single click shielding and unshielding
* fee payment in same token
* 1s confirmation time for private transfers (viable for point-of-sale payments)
* horizontally scalable to > 1M tps through sharding of L2

The privacy enhancement by using Incognitee will give you strong privacy on L2 and k-anonymity on L1 which is best for moderate amounts

Please note that Incognitee aims for **compliance**. We want to bring privacy to the masses, not to protect criminals.

Try it now on our Paseo testnet: https://try.incognitee.io

## Soft-Loan

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

* **NEW** 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 talk by our CTO brenzi: [**video recording**](https://youtu.be/mNs4txHedWs?si=pWv15HSusQJuHwih)
* Why Privacy Matters And What Integritee Can Do About it | Polkadot Now India talk by our CTO brenzi: [**video recording**](https://youtu.be/7he0Uqe9jps?si=qdbXK8arCIrEsY6N)

brenzi also appeared on [AAG](https://x.com/TheKusamarian/status/1804567527650951254) to explain the previous proposal

- **Problem Statement:** Integritee's proposal for private transactions of DOT, KSM, USDT, USDC was rejected, prompting a reevaluation of their request strategy.
- **Significance:** Integritee aims to provide strong privacy and compliance in the Polkadot ecosystem, offering unique features like single-click shielding, 1s confirmation time for private transfers, and scalability to over 1M tps.
- **Proposed Solution:** Integritee proposes a soft-loan repayment plan, committing to return 30% of gross fee revenue to the treasury until the soft-loan plus a one-off premium of 10% is repaid.
- **Expected Outcomes:** Integritee's solution offers enhanced privacy features for Polkadot chains, ensuring compliance and bringing privacy to the masses, not to protect criminals.

#998 Incognitee: Privacy Sidechains (Soft Loan Q3'24)

No Active Proposals