Batch 27: Approved Grants

Ordinox is a Cosmos SDK chain facilitating bridging and swapping of ERC20 and BRC20 tokens. They are currently developing a decentralized, MPC-TSS-based bridging solution enabling the seamless transfer of Runes and BRC20 tokens to IBC-enabled chains like Osmosis. The bridge will introduce o(RUNES/BRC20), tokenized representations of Runes and BRC20 assets to Osmosis, where they can be traded, LPed, and utilized as collateral. The bridge will also support bridging of non-fungible Ordinals inscriptions to Osmosis, where they can then be fractionalized on Fractal. This grant funds initial development work for the bridge. OGP and Osmosis have negotiated a revenue-sharing agreement with Ordinox by which bridge transactions to Osmosis will be feeless (bridge transactions from Osmosis to the Bitcoin network will be subject only to a Bitcoin miner fee). In exchange, Osmosis will allocate 10% of taker fees from swap transactions involving Ordinox-bridged Runes or BRC23 tokens. Per the agreement, the first $45,000 of taker-fee revenue earned by Ordinox under this agreement will continue to flow back to Osmosis, acting as an offset for this grant spend over time. The grant is conditional on governance approval of the revenue-sharing agreement.

The team behind Obi wallet proposes to create a series of comprehensive and interactive Cosmwasm developer courses. This same team created the Cosmwasm developer courses for Terra, which were used by over 5000 developers before Terra’s collapse in 2022. The series is meant to be a chain-agnostic CosmWasm education spanning from smart contract basic to advanced principles. This grant is part of a larger CosmWasm education initiative for all 5 courses jointly funded with Neutron. The grant cost of $6,150 covers half of the cost of the first course: Quick Start & Rust for Smart Contracts. The other half of the course is being covered by the Neutron Grants Program. If both parties are satisfied with the quality of the first course, they will commit further funding to cover the remaining courses. Both teams are also reaching out to other similarly situated teams (AADAO, dYdX, Interchain Foundation, Archway, etc) to help share the cost of future courses. The courses will be deployed on the Thinkific platform, a developer educational platform that will make the course free to use for developers wishing to interact with the program. Thinkific collects developer contact information and course submissions, providing a pipeline for new smart contract developer outreach and activations. The course videos will also be posted to the Osmosis and Neutron Youtube channels.

OGP currently has an ongoing grant agreement with Hathor for maintenance of the existing incentives mechanism through the end of 2024. This includes small algorithm optimizations and maintenance of the underlying model when new pools are added. However, the incentives working group would like to transition the current incentives mechanism to a bootstrapping model, by which pools will receive incentives for only a short period to bootstrap initial liquidity before seeing these incentives slowly phased out. Transitioning to this model will require significant changes to the incentive optimization algorithm, as well as bespoke research into ideal target APRs for new and existing LPs. This is expected to take approximately 1 month. The model is estimated to save between 750 - 1000 OSMO in additional emissions per day, resulting in a net savings to the protocol of $146,000 over the course of a year at current OSMO prices.

DataLenses is a dashboard designed to help the community and users access a public-facing Osmosis dashboard. The DataLenses dashboard available here https://www.datalenses.zone/chain/osmosis/overview includes pre-selected, actionable data analytics widgets that provide information not easily accessible elsewhere.