(https://twitter.com/InputOutputHK/status/1434518415155384321),) and also in this video by Charles Hoskinson, starting around 12:50: https://www.pscp.tv/w/1OyKAELNozzKb.

Technical Goals

<u>Proof of Concept for Malleability in Plutus</u>

The first step for this project is to write a design that allows a simple "open" contract with malleable transactions where one UTXO can be substituted for another.

Deliverables

The deliverables for this phase will be:

A study detailing the feasibility and design for AVOUM on Plutus.

A set of proposed API modifications (to the PAB, etc.) to enable malleable transactions.

Budget and Timeline

We estimate this initial phase will involve (not necessarily full-time) one senior architect and one senior engineer for approximately one month, whose efforts will cost $26,500.00.

Future Steps for subsequent Catalyst Funds:

The second step will be to develop a change to the node software so it can correctly run the auction contract.

The third step will be to develop a general-purpose library for "open" contracts in Plutus.

The fourth and last step will be to develop a general-purpose library for malleable transactions in the node.