Type:
development

Amount Requested:

80779.00 DOT

324054.46$

Proposed on:
Sept. 27, 2023
Proposal Awarded on:
Oct. 27, 2023
Expected Delivery
None
Actual Delivery:
None

Status:

In progress – on time

Polkadot Parachain Assets Onramp Bounty Program

by Zhixi Interlay

Summary:

The goal of this bounty program is to facilitate the provision of direct fiat onramp support for native tokens of Polkadot parachains, ensuring a user-friendly and cost-effective solution. In view of the challenges posed by high integration fees and limited technical support for substrate-based projects, a group deal was deemed necessary to bring together multiple teams and assets, thus reducing implementation costs and ensuring high quality delivery of service.

Current Progress and Comments:

Following the successful integration of Banxa in Kusama, Polkadot’s assets were next in line. For many reasons four big accounts, namely Ivy Network, Chaos DAO, Day 7 from Nova Wallet and another anonymous wallet voted in favor of the integration. Despite of significant opposition by some smaller accounts.