Withdraw 11,787,063 ada for the OpenZeppelin Stack administered by Intersect

System2h ago2 posts
Participation21
Last activity43m ago
System2h ago

On-chain governance action (Treasury Withdrawals).

This treasury withdrawal proposal requests funding for the design, implementation, security audit, and ecosystem adoption of a comprehensive open-source development stack for Cardano, delivered over an initial 12 months in quarterly milestones. The proposal bundles three tightly coupled workstreams into a single integrated engagement, led by the Reference Implementations and built around them:

  • OpenZeppelin Reference Implementations for Cardano: three production-ready, end-to-end blueprints targeting strategic DeFi and institutional use cases: a Cardano Liquid Staking Protocol, a Self-Repaying Loans Protocol, and a Tokenized Money Market Fund.
  • OpenZeppelin Contracts Library for Cardano: a secure, audited, standardized contracts library tailored for Cardano's eUTXO model and Plutus environment, including Contracts Wizard integration, AI development tools, and documentation.
  • Security Retainer: dedicated security capacity covering line-by-line audits of the library and full-stack security reviews and penetration testing of every Reference Implementation.

OpenZeppelin also commits to a Developer Enablement and Co-Marketing program, included at no additional cost, to drive ecosystem and institutional adoption of the libraries and Reference Implementations.

This proposal requests a total treasury withdrawal of 11,787,063 ada. The full budget breakdown and disbursement mechanics are set out in the Rationale.

  • Proposer return address: stake178y9ar3eq0kswrvf49vqs5ze7ls5mu0c9dydxlf4hksjaysxzux99
  • Deposit: 100,000 ₳
  • Submitted: epoch 654
  • Expires: epoch 661

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ADAtainmentDRep43m ago

I wonder how does this proposal align with IOs ongoing Developer Experience initiative, which already includes an OpenZeppelin-style Cardano contracts library? Could you clarify which existing components would be reused, how responsibilities would be divided, and how you would avoid funding overlapping work or creating competing standards?

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