Please describe your proposed solution.

The pilot of Proof of Achievement in fund 9 saw several issues in the process of approval/rejection of proposals. Even though the process is a joint responsibility between challenge team and some Catalyst team members (Only the big challenge that contains big budget proposal of >75k), it is not uncommon that the 2 sides come up with different conclusions (Catalyst team decision supersedes the challenge team decision). Despite the challenge team communicates with the proposers frequently in their challenge, yet their voice is second and at times valid. Not to mention that the technical knowledge possess by both sides could be inadequate to handle ‘solo’ decision.

How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

· Transparency and accountability: The judgement and consensus reached by the reviewers are recorded on the blockchain, allowing for auditability and accountability. This is in contrast to the current process where the challenge team and Catalyst team arrive at different conclusions regarding the PoAs. The person in charge for PoAs are not identified but rather the decision is taken as a representative opinion of the group decision.

How do you intend to measure the success of your project?

· The number of projects receive their payment on time and not delay due to human error, labor shortage or the reviewer not understand the technicality of project: 250 (based on number of funded proposals in fund 9: 212 projects with the assumption of growing number of proposals between funds)

Please describe your plans to share the outputs and results of your project?

Bi-weekly: The project progress will be updated bi-weekly via twitter and telegram.

Monthly basis: We will provide monthly report and summary for each milestone progress on CardanoSpot and Cardano forum.

What is your capability to deliver your project with high levels of trust and accountability?

Proposers cover a broad range of skill from successful startup founders, technical and business backgrounds to community functions including Challenge Teams since Fund-7 (Boosting Cardano’s DeFi) to fund 8,9 (Developer Ecosystem) and current fund 10 (Developer Ecosystem-The Evolution). We have grown the Developer Ecosystem community on telegram channel: <https://t.me/DeveloperEcosystem> (108 members as of 13 July 2023) from fund 8 until now and would like to add value to the ecosystem by applying our experience and insights which we gained from our participation in the PoA pilot in fund 9 to improve the overall process.

We welcome the experiment introduced by Catalyst team ranging from the pilot of proof of assessment for big budget proposal to the introduction of funding category (replacing the challenge setting in fund 11). We are confident that the catalyst team will do their best to deduce the impartial pros & cons to the community for each experiment/iteration.

What are the main goals for the project and how will you validate if your approach is feasible?

Our team’s goal for the project is to make the PoA process as transparent and decentralized as possible and utilize the current resource of experts in Cardano. This will protect treasury and differentiate between the projects that have the pure intention of building things for the ecosystem VS. the projects that submit fictitious evidences to fulfill the requirement and receiving rewards.

Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Nov 2023

Share experience to the “Expert panel” about the most recent PoA process (F9) and the new! PoA with community reviewers in F10 and the mission of the expert panel in this transition (F9 to F10).

Milestone 2: Dec 2023- Jan 2024

Working along side Catalyst team and Community reviewers to identify bottleneck projects

Milestone 3: Feb 2024 – Mar 2024

Project owners submit evidence of project progress towards their milestones. These PoA will be evaluated by Catalyst Team, Community Reviewer.

Milestone 4: April 2024

Check whether there is any new project development that could potentially change the original consensus and approve payment.

Milestone 5: May 2024

Working with collaborator to distribute rewards/tokens

Milestone 6: June 2024

Gathering feedback from funded proposers

Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Nov 2023 (20%)

Shared mission to safeguard the treasury to its best usage.

Milestone 2: Dec 2023-Jan 2024 (15%)

Equip expert panel with the tools for this PoA mission.

Milestone 3: Feb 2024 – Mar 2024 (15%)

Expert feedback and PoA delivered to funded projects.

Milestone 4: April 2024 (15%)

Enable open and constructive discussions on rejected milestones to ensure fairness and accuracy.

Milestone 5: May 2024 (15%)

Ensure quality of PoA submission for the technical, big-budget and complex proposal are handled properly.

Milestone 6: June 2024 (20%)

Obtain the prototype of using Expert Platform for more transparent PoA revision

Please provide a detailed budget breakdown of the proposed work and resources.

A. Smart contract development (open-sourced): $60 per hour 60 hours per month 2 months = $7,200

B. Consensus mechanism deployment $21,500

C. Escrow service fee (Impact projects) based on the fee structure <https://socious.io/fees>

$20,000

D. Project Management (7 months * 2,500 per month) = $17,500

E. Community Engagement & Documentation: $30 per hour * 40 hours per month * 7 months = $4,200= $8,400

Total cost for this project in USD is 94,600

Base on the current exchange rate of ADA/USD: 0.27, the requested budget in ADA is 350,000

Who is in the project team and what are their roles?

June: Project Lead, Campaigner, Community reporting

Thomas: contracting and deployment of panel and platform mechanics.

Seira: implementation of escrow and automation

How does the cost of the project represent value for money for the Cardano ecosystem?

Incentivization and collaboration: The decentralized governance aspect of the solution allows reviewer to join in and contribute to Cardano ecosystem. Expert panel will receive rewards or token for using their expertise to protect treasury. This would encourage collborative effort and engagement among community members.