This is a retroactive treasury spend proposal by Integritee AG
We ask the treasury for 87'377 USD = 11'655 DOT
Work done:
<ul>
<li>Implement Incognitee Sidechain which can transfer a relaychain native token privately by shielding it to L2 and eventually unshielding it back to the relay chain without linkability</li>
<li><a href="https://youtu.be/BNYEfQ8kF2o?si=xQYtwtfgNgrrsI9m">Demo Video</a> where we shield DOT from a local Asset Hub to Incognitee and back</li>
<li>We are now able to transfer ROC privately (on public Rococo testnet)</li>
</ul>
Next Steps:
<ul>
<li>launch a public test campaign and bug bounty on our Rococo testnet which we launched in Dec 2023</li>
<li>Support for Asset Hub and its fungible assets, i.e. USDC/USDT</li>
<li>Support for ANY substrate based chain and its assets</li>
</ul>
Some History:
<ul>
<li>Initial <a href="https://medium.com/integritee/a-privacy-sidechain-for-all-polkadot-kusama-chains-1bb52dc9b0d7">Blog outlining the Vision</a></li>
<li>Previous attempt <a href="17">Referendum 17</a> for treasury funding (was also retro-active, but deemed to be too early for retro-active by commentors): &nbsp;</li>
</ul>
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<a href="https://docs.google.com/document/d/16QCSeoeeMMREC75NIIEbk0I0aKX-VYaoMqWlkHXi2y0/edit?usp=sharing">Full Proposal Document</a>
edit:
You can now <a href="https://incognitee.io/">test our tech on our Rococo testnet</a>
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Problem Statement:
- The problem is the need for funding to implement the Incognitee Sidechain, which allows for private transfer of relaychain native tokens.

Significance:
- The significance of this proposal is the ability to transfer tokens privately and securely, without linkability.

Proposed Solution:
- The proposed solution is to request 87,377 USD (11,655 DOT) from the treasury to fund the implementation of the Incognitee Sidechain.

Expected Outcomes:
- The expected outcomes include the successful implementation of the Incognitee Sidechain, the ability to transfer tokens privately on the Rococo testnet, and support for Asset Hub and its fungible assets.

Requested: 0.11 undefined

#617 Private Transfers of DOT