Overview:
Nomos has been dedicated to providing innovative, developer-focused solutions in the Cosmos ecosystem, with a specific focus on capturing value for teams and communities rather than just individuals. Our multisig solution has been designed with projects like Archway in mind, ensuring secure and efficient asset management for various teams across the ecosystem.
Recently, Nomos has shifted its focus towards chain abstraction and interoperability to contribute to the broader blockchain landscape. As part of this commitment, we have made significant progress on Version 2.0 of our multisig solution, incorporating enhanced features and cross-chain capabilities. However, maintaining and developing the frontend and indexer for our multisig solution in its current form is financially unviable due to the limited user base within Archway and the broader Cosmos ecosystem.
Offer:
Phase 1: Open Source and Community Integration
- Open Sourcing the Codebase: We propose to open our multisig codebase to the Archway community, allowing developers to build upon and customize it according to their needs. This aligns with Archway’s emphasis on fostering a vibrant developer ecosystem and promoting innovation through community-led initiatives.
- Continued Technical Support: For the next six months, Nomos will provide dedicated technical support, including maintaining the frontend and indexer, resolving issues, and guiding community developers. This transition period will enable the Archway community to familiarize themselves with the solution and adapt it to their specific requirements.
- Transition to Community Ownership: After six months, the management and further development of the multisig solution will be fully transitioned to the Archway community. By empowering the community to take ownership, we ensure that the solution evolves in a way that best serves its users and aligns with Archway’s decentralized governance principles.
Phase 2: Support for Multisig V2 Launch
- Support for Launch: While we cannot fully commit to building Multisig V2 ourselves, we will support its launch and provide guidance to the community as needed. The new version is intended to feature enhanced design and cross-chain capabilities, such as asset swapping on Osmosis and staking on various networks. Our support will help ensure the community can leverage these improvements for greater interoperability and adoption.
- Support for Community Developers: The Nomos team will actively support community developers interested in building and enhancing the multisig solution. We will provide documentation, workshops, and dedicated office hours to help developers maximize the potential of the multisig solution.
Request for Funding:
To ensure the continued support and development of the multisig solution during this critical transition period, we request 75,000 USD equivalent in Archway tokens. This funding is solely to compensate for the resources and efforts already invested, to maintain the multisig solution, and to provide community support, not for fully future development.
Additional Consideration:
- Significant Team Commitment and Effort: Over the past nine months, a team of ten dedicated Nomos members has been working full-time on developing the multisig solution. This substantial investment of time and resources reflects our unwavering commitment to delivering high-quality tools that empower the Archway ecosystem. By funding this proposal, Archway can further establish itself as a network that values and recognizes the significant contributions of its developers, encouraging more developers to innovate and contribute within the Archway ecosystem.
- Adjustment for Previous Funding: Nomos was previously granted 25,000 USD worth of Archway tokens, yet we delivered a fully functional multisig solution in less than a 5 month, demonstrating our efficiency and dedication. Due to significant market fluctuations, the value of these tokens has depreciated considerably.
Nomos vs. Other Solutions:
One of the largest open-source multisig solutions for CosmWasm is DAODAO. While DAODAO offers a strong multisig solution tailored for Cosmos chains, including CosmWasm support, it lacks a value-capture mechanism like the one provided by Nomos.
This distinction is crucial: with DAODAO, teams cannot share in gas rewards, which limits the ability to incentivize and reward contributors. In contrast, Nomos allows users to earn tokens for their smart contract operations and multisig usage, making it a more attractive option for teams looking to share rewards within their community.
Additionally, the costs associated with launching DAODAO multisigs can be prohibitively high, often exceeding 50,000 USD, as evidenced by deployments on Neutron and Cosmos Hub. Nomos offers a more cost-effective and feature-rich alternative, making it a compelling choice for teams within the Archway ecosystem.
Conclusion:
We are committed to supporting the Archway community throughout this transition, fostering innovation, and enhancing the ecosystem through our multisig solution. we are dedicated to supporting its launch and helping the community adopt and adapt it. This proposal ensures that Archway continues to offer secure, interoperable, and developer-friendly tools. We invite the community to join us in building upon this foundation and creating a more interconnected blockchain future.
We welcome any questions or feedback and look forward to collaborating with the Archway community to achieve these goals.
Ohad