CoSponsor by Sundae Labs: A Community Crowdfunding Tool for Proposal Submission

[GENERAL] Name and surname of main applicant

Daniel Gonzalez

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will develop CoSponsor, a platform where users can browse proposals and collectively fund them until they reach 100k ADA, ensuring community-driven projects meet the submission threshold.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No Dependencies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

We intend to release the entire project as fully open source under the Apache License, Version 2.0. All code elements related to CoSponsor by Sundae Labs, including smart contracts, backend, and frontend code, will be available in an open-source repository throughout the project’s lifecycle. This will ensure transparency, community collaboration, and accessibility for all developers interested in contributing to or utilizing the platform.

[METADATA] Horizons

Governance

[SOLUTION] Please describe your proposed solution

The new CoSponsor platform will allow community members to browse different Cardano governance proposals and contribute funds to help them reach the 100k ADA submission threshold. The platform will pool contributions, and once a proposal reaches the required 100k ADA, the funds will be returned to the contributors, and the proposal will be officially submitted.

Key features include:

• Proposal Browsing: Users can easily browse through governance proposals seeking funding to meet the 100k ADA threshold.

• Contribution System: Users can add funds to proposals they want to support, with funds pooled together until the threshold is met.

• Automatic Refund: When a proposal reaches 100k ADA, the system will return all contributed funds to the backers, ensuring transparency and trust.

• Low Friction for Proposers: This system allows proposers to submit their ideas without needing the upfront 100k ADA, making the process more accessible and community-driven.

By enabling the community to collectively fund proposals, we remove barriers for proposers and empower the community to back initiatives they believe in.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

This platform will provide several key benefits:

• Increased Proposal Submissions: More proposals will reach the 100k ADA threshold, increasing the diversity and quantity of proposals.

• Community Empowerment: The platform allows community members to directly support proposals they care about, democratizing access.

• Reduced Barriers for Proposers: Innovators can submit proposals without needing to secure 100k ADA upfront, making the process more inclusive.

Impact Measurement:

• Number of Supported Proposals: Tracking the number of proposals that successfully reach 100k ADA through the platform.

• Community Engagement: Measuring the number of users contributing funds and the total volume of funds contributed to proposals.

• Submission Success Rate: Monitoring the rate of successful proposal submissions after using the CoSponsor platform.

Outputs Sharing: Significant platform updates will be shared with the community on the portal, maintaining transparency and fostering community involvement.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Sundae Labs has demonstrated its ability to build decentralized financial tools for the Cardano ecosystem. With a scope focusing on core functionality—browsing, contributing, and refunds—our team is fully capable of delivering this product within the proposed timeline and budget.

We will implement a simple user experience for both proposers and contributors, focusing on secure smart contract development to handle contributions and refunds automatically.

Trust and Accountability: The CoSponsor platform will be developed in an open-source manner with code audits to ensure security and transparency. Regular progress updates will be shared with the community.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Platform Development and Smart Contract Implementation (Month 1-2)

• Output: Development of the core platform, including browsing, contributions, and refund functionality.
• Acceptance Criteria: Internal testing completed, and platform features functioning as expected.
• Proof of Achievement: Demo video posted to YouTube and a notification on our X/Twitter account

Milestone 2: User Testing and Feedback (Month 3)

• Output: Beta version released to a select group of users for testing and feedback.
• Acceptance Criteria: Adjustments and changes with PR’s submitted on Github.
• Proof of Achievement: Demo video posted to YouTube and a notification on our X/Twitter account

Final Milestone: Public Launch and Full Platform Release (End of Month 3)

• Output: Full public launch of CoSponsor, with the platform available for all community members to use.
• Acceptance Criteria: Platform stability and users able to submit proposals. 
• Proof of Achievement: Demo video posted to YouTube and a notification on our X/Twitter account

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

• Lead Developer (Sundae Labs): Responsible for smart contract development, platform architecture, and integration with Cardano.

• Frontend Developer: Focused on building the user interface for browsing and contributing to proposals.

• Project Manager: Ensures milestones are met and coordinates between development and testing teams.

• QA Engineer: Conducts testing and ensures all platform functionality works as expected.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

•Development Costs: $25,000 (smart contract development, platform design, and implementation)

• Project Management and Operations: $3,000 (coordination, reporting, and oversight)

• Community Outreach and Marketing: $2,000 (promoting the platform and onboarding users)

Third-party Services:

• Security Auditors: To ensure the security and transparency of the platform’s smart contracts.

• Marketing Agencies: For promoting the platform and onboarding users to increase engagement.

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The reduced scope of the CoSponsor platform allows us to deliver key functionality within a modest budget of $30,000. Each cost element has been carefully allocated to ensure we meet the platform’s core objectives—enabling the community to support proposals without requiring proposers to have 100k ADA upfront. The requested funds will ensure the delivery of a secure, scalable, and user-friendly platform that directly addresses a key barrier in the proposal submission process.