Launches: Harmony Chain Integration with EYWA

Name of Project / DAO / Company

EYWA

Application type

Grant

Proposal overview

EYWA is a decentralized cross-chain protocol for transferring data and liquidity.

We have already launched the alpha version of the product (60k+ participated in alpha testing), and planning to connect with the Harmony network, so that would allow users to easily swap assets between the Harmony chain and other networks with our cross-chain data & liquidity protocol.

Team

We are a team of 20+ developers and we are confident that our product, combined with Harmony’s fast and cost-effective ecosystem will benefit both users and developers building their own dapps with our cross-chain liquidity & data protocol.

Proposal ask

We are requesting $50K in equity-free contribution:

  • $10K after integrating the Harmony testnet
  • $20K after 10K users participated in alpha-testing of the protocol integrated with the Harmony testnet
  • $20K after mainnet launch with audit

Milestones

Weeks 1-4: Integration complete and deployed onto testnet
Weeks 4-5: Give access to Harmony community to test and give feedback
Weeks 5-10: Deploy to mainnet with audit

Metrics for success

Integration of Harmony chain with our protocol with 10k+ users.

External links

Website: https://eywa.fi
Alpha version of the product: https://alpha.eywa.fi
Telegram: https://t.me/eywa_channel

This proposal fits best to the Launch grant based on the guidelines at Apply for Grants or DAO

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit.
We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet,
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs,
$10K after launching on our mainnet with audit,
$10K after 1K daily active users (with launch video, full PR promotion),
$10K after 10k daily active users (with a detailed roadmap, governance process).
Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Can we agree to the above terms?