Please provide a cost breakdown of the proposed work and resources
Milestone 1 (YTxP Update and Support): 138 hours
14 h - Research verifying the new Chang+1 HF staking semantics
11 h - Update YTxP to v3 scripts
15 h - Add support for Certifying Script Purpose
15 h - Add support for Proposing Script Purpose
14 h - Add support for Voting Script Purpose
22 h - Research Selective script compilation
47 h - Add CLI to selectively compile requested parts of the script in order to reduce size
Milestone 2 (LambdaBuffers Conway Support): 44 hours
Milestone 3 (Transaction Village Conway Compatibility): 77 hours
Milestone 4 (Conway Support for cardano.nix): 66 hours
Milestone 5 (Light-weight Local Cluster Solution): 22 hours
Final Milestone (PLY: Implementing CIP 57 Compatibility): 180 hours
22 h - Research and design integration for CIP 57, focusing on how it fits within the current Cardano protocol
22 h - Develop key components using Plutarch, focusing on efficient validator design and on-chain logic
22 h - Work with Purescript and CTL to integrate with off-chain components and ensure compatibility
19 h - Implement encoding/decoding logic to support CIP 57, focusing on streamlining data processing
19 h - Automate the derivation process for PlyArg, reducing manual code generation
19 h - Add decoding support for CIP 57 in the Cardano Transaction Library (CTL) to handle new transaction types
19 h - Update project dependencies to ensure synchrony with the latest developments in the Cardano ecosystem
19 h - Simplify data encoding so that users don't have to provide it separately, enhancing user experience
19 h - Perform thorough testing to validate the implementation and ensure all components work as expected
Subtotal: 527 hours @110 USD/hour = 57,970 USD
Total (@ rate $0.293 USD / ADA): 197,850 ADA
**In the interest of full transparency, please note we have applied a conservative USD/ADA exchange rate in pricing this proposal. This is to ensure our operations remain stable regardless of market conditions. Although we firmly believe the future of Cardano is bright, we recognize the price of ADA and all cryptocurrencies is inherently volatile. Our financial obligations are denominated in fiat. Most importantly, this includes the salary of our engineers whose hard work makes projects like this possible.
In the unlikely scenario of severe negative price movement beyond our forecasted rate, it is possible that MLabs may need to temporarily suspend work on this proposal until the market recovers. Rest assured, this decision would be made solely to protect our business's long-term viability and never taken lightly. We appreciate your understanding and support, and we are excited to see what we can achieve together.