[PROPOSAL #45][ACCEPTED] Community Fund Proposal for Gravity DeX Prize Budget

• Moderator edit to add link to on-chain proposal: Mintscan Hi, cosmonauts! I want to share another interesting event regarding Gravity DeX. Tendermint and B-Harvest have been investing effort to prepare an incentivized testnet(a trading competition!) to attract potential users of Gravity DeX on the Cosmos Hub. Below is the draft governance proposal which will be submitted on 6th April. Please feel free to comment your opinions!!! This document is a draft for a community fund governance proposal that asks Atom delegators to allow the spending of 5,000 Atoms for the Gravity DeX Incentivized Testnet (Trading Competition). By voting “Yes”, the voter agrees to send 5,000 Atoms from the community fund to the multisig address which is controlled by multisig committee (see below for members), who will distribute the Atoms to the competition winners. Abstract Tendermint team and B-Harvest have been investing efforts to bring the Gravity DeX to the Cosmos Hub to provide Cosmos ecosystem with the most reliable and convenient token exchange utility on the Cosmos Hub. Currently, the Gravity DeX (Liquidity Module) is in production-ready status and the signal governance…

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so we dont have to use our own money to participate you guys will provide us with the tokens for trading?

bharvest:

Testnet address

whats that?

All economic parameters are laid out, I like it !

With the end of the competition to be on May 11th, that would mean a proposal for the adoption of the liquidity module mid or end of May ?

Support. Very necessary. I wish we will attract as many players as possible to this event with these parameters too.

I remember some people on GoZ missing clearer manuals. A point to improve this time?

Let’s play!

Thanks for a well written proposal draft.

Questions:

1. May I know if we are limited to trading pairs from the Cosmos Network or we can use trading pairs outside of this network?

2. After this incentivized trading testnet, would you give us a report or metrics to show how much is being used and what more can we improve. Also an estimation on the traffic if say, participants are 3x more than the trading testnet.

I am more fond of how this incentivized testnet can solidify the battle ready of the Liquidity Module.

1. no need of own tokens. Registered participants will receive testnet tokens

2. it is same as cosmos hub address. Participants can either submit same cosmos hub address for both testnet usage and mainnet prize recipient address, or submit same address for both.

Yes. Mid-late May is the expectation.

Yes! We are preparing both documents and video contents to learn how to use Keplr and the incentivized testnet UI.

It will be fairly simple as Uniswap&Metamask, so we expect minimal problems on understanding the process

1. There will be Cosmos ecosystem tokens and tokens from Ethereum network, because those two types of tokens will be available to be traded on Cosmos Hub very soon.

2. Yes! One of the main purpose of the testnet is to have a good testbed of Gravity DeX to analyze, stress-test, and improve the existing Gravity DeX design and codebase. Definitely the research paper will be published after the event.

gas fee token changed from USDC to Atom, accepting the suggestion from the community

I would love a little more clarification on the prize distribution. I seem to not be understanding it, as 5k is being requested, but only 2k is made clear how it is actually distributed. The 1k bounty is kinda up in the air, and the 2k remainder as well.

Competition winners get 4000 atoms.

Bug bounty and exploitation winners are difficult to predefine the prize because it depends on the quality of finding.