Last updated a month ago
Every asset listed on INK is potentially available through the Kraken application. Access to markets and visibility within other ecosystems and to retail investors is currently limited with CNT's.
Every asset listed on INK is available through the Kraken application. Access to markets and visibility within other ecosystems and to retail investors is currently limited with CNT's.
Please provide your proposal title
Rosen Bridge - INK Integration - CNTs In Kraken
Enter the amount of funding you are requesting in ADA
200000
Please specify how many months you expect your project to last
10
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Every asset listed on INK is potentially available through the Kraken application. Access to markets and visibility within other ecosystems and to retail investors is currently limited with CNT's.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No Dependencies
Will your project's outputs be fully open source?
Yes
Please provide details on the intellectual property (IP) status of your project outputs, including whether they will be released as open source or retained under another licence.
MIT Open Source
Please choose the most relevant theme and tag related to the outcomes of your proposal
Interoperability
Describe what makes your idea innovative compared to what has been previously launched in the market (whether by you or others).
Using INK as a backdoor into Kraken saves the Cardano community money. This has not been attempted yet. Some Cardano projects switched or migrated to Base for access, visibility and the listing benefits.
INK is open source. Rosen has the cookbook for EVM chains. This is a superchain so some modifications are needed.
I would rather see projects freely access markets than pull funding away from the community or treasury to buy market access.
This idea scales cost wise much more efficiently.
Describe what your prototype or MVP will demonstrate, and where it can be accessed.
We have a live Rosen implementation of Ethereum.
We have created open contribution standards which is a cookbook to follow for this intregation.
https://github.com/rosen-bridge/rcs
https://github.com/rosen-bridge
Describe realistic measures of success, ideally with on-chain metrics.
A measure of success would be the first project that is Cardano native to access Kraken users through INK.
This would have saved their time, and money regarding the cost of integration.
As one project does this and provides easier access to retail within the exchange I believe others will follow.
This is infrastructure, we do not control liquidity.
However it is very reasonable to assume that the incentives, costs and demand from projects woud lead first to expiraments, and success will encourage adoption.
Please describe your proposed solution and how it addresses the problem
RosenBridge can allow a trust minimized path, secured by SPO's into INK. It would allow CNT's a path through the L2 and create integration potential within the Kraken application itself.
This has become a competitive area within exchanges to integrate their L2 into their base exchange. It opens an opportunity for access.
Please define the positive impact your project will have on the wider Cardano community
It creates a lower barrier for opportunity. The Rosen Bridge was born from Catalyst support.
For Cardano projects the listing fee into the Rosen framework has been the minimum value of their token, for our internal accounting system.
We launched with the goal to support Cardano Stake Pools running watcher infrastructure, which many have become key figures in our infrastructure.
This opens a door for Cardano. Can we force projects to go through it... no.
However I believe this opporunity and the cost savings it offers are quite valueable for the Cardano ecosystem.
https://defillama.com/protocol/rosen-bridge
This would put Rosen Bridge within the top 10 TVL for projects.
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?
Rosen has already intragated into ETH. INK is a supercharin related to the EVM system. We created a cookbook. We just need to follow the cookbook.
The specifics of the cookbook can be found here.
https://github.com/rosen-bridge/rcs
Here are some general overview docs.
https://deepwiki.com/rosen-bridge/rosen-sdk
https://deepwiki.com/rosen-bridge/watcher
https://deepwiki.com/rosen-bridge/guard-service
Milestone Title
Scanner, Address Codec, Rosen Extractor
Milestone Outputs
The Milestone 1 Output is based on following the Rosen Contribution Standard for INK support.
This includes following the guides interation of a new scanners, a new Address Codec's and a Rosen Extractor Modules.
Acceptance Criteria
Open Source implementation of the following Modules will be added to the Rosen Github
INK Scanner
INK Address Codec
INK Extractor
These will be open source, well documented.
Each will follow the Rosen Contribution Standard
Evidence of Completion
Open Source implementation of the following Modules will be added to the Rosen Github
INK Scanner
INK Address Codec
INK Extractor
Along with Delivering a Medium article covering the implementation.
Delivery Month
2
Cost
40000
Progress
20 %
Milestone Title
Rosen Chain Support
Milestone Outputs
The Rosen-chains packages contain the most functionalities of the new blockchain and mainly is used in the Guard Service.
For the sake of simplicity, the implementation is divided into four parts and it is highly recommended to implement them in the following order:
Abstract Chain (Bases)
Rosen Extractor (Universal)
Abstract Chain
Abstract Chain Network
Acceptance Criteria
Rosen Chain Packages will be built for INK.
These components will be open source and available for review on our github
Abstract Chain (Bases)
Rosen Extractor (Universal)
Abstract Chain
Abstract Chain Network
Evidence of Completion
Rosen Chain Packages will be built for INK.
These components will be open source and available for review on our github.
Abstract Chain (Bases)
Rosen Extractor (Universal)
Abstract Chain
They will follow the Rosen Contribution Standards guidelines.
Along with Delivering a Medium article covering the implementation.
Delivery Month
4
Cost
40000
Progress
50 %
Milestone Title
Rosen Health Check
Milestone Outputs
Health Check
As the name suggests, these packages check the healthiness of some components in both Watcher and Guard services. For new blockchains, two parameters are required.
Asset Check
This health check parameter monitors the balance of specified assets at given addresses, primarily used by the Guard service to ensure sufficient native token to pay bridge transaction fees.
Scanner Sync Check
This parameter checks the last scanned block with the current block of the network and is mainly used in the Watcher service.
Acceptance Criteria
The Rosen Bridge team will build and release the Asset check and Scanner sync modules for INK network according to Rosen Contribution Standards guidelines.
These will be open source available for review.
Evidence of Completion
The Rosen Bridge team will build and release the Asset check and Scanner sync modules for BASE and INK according to Rosen Contribution Standards guidelines.
These will be open source available for review.
Along with Delivering a Medium article covering the implementation.
Delivery Month
5
Cost
40000
Progress
60 %
Milestone Title
Module Intregration
Milestone Outputs
After implementing the required modules, they can be integrated into the main services. Unlike module implementation, the order does not matter in the integration phase, and the chain can be deployed once its modules are integrated into the four services:
Watcher Service
Guard Service
Rosen App
Contracts
Acceptance Criteria
Rosen team will update its github demonstrating the integration of the existing modules for INK into the following:
Watcher Service
Guard Service
Rosen App
Contracts
This will folllow the Rosen Contribution Standard
This will be open and available for review.
Evidence of Completion
Rosen team will update its github demonstrating the integration of the existing modules for INK into the following:
Watcher Service
Guard Service
Rosen App
Contracts
This will folllow the Rosen Contribution Standard
This will be open and available for review.
Along with Delivering a Medium article covering the implementation.
Delivery Month
8
Cost
40000
Progress
80 %
Milestone Title
End to End Testing
Milestone Outputs
Rosen Bridge has create RCS-001: A Unit-Test Standard for the Rosen Bridge Expansion Kit.
Milestone 5 covers end to end testing each Service and Module.
This is a part of the quality assurance process.
Acceptance Criteria
Rosen Bridge has create RCS-001: A Unit-Test Standard for the Rosen Bridge Expansion Kit.
Milestone 5 covers end to end testing each Service and Module.
This is a part of the quality assurance process.
The tests will be made public on Github for Review.
Evidence of Completion
Rosen Bridge has create RCS-001: A Unit-Test Standard for the Rosen Bridge Expansion Kit.
Milestone 5 covers end to end testing each Service and Module.
This is a part of the quality assurance process.
The tests will be made public on Github for Review.
Along with Delivering a Medium article covering the implementation.
Delivery Month
9
Cost
20000
Progress
90 %
Milestone Title
Ui Update, Mainnet Release and Open Source Integration Guide
Milestone Outputs
The final milestone will include a Rosen system wide update, Ui Update, and a release of the two new connection points for the Cardano ecosystem.
Projects and users will be able to bridge to INK.
We will put together an Open Source Integration Guide to make the integration process and steps to get into INK, setup liquidity, and a guide for users.
Acceptance Criteria
The final milestone will include a Rosen system wide update, Ui Update, and a release of the two new connection points for the Cardano ecosystem.
Projects and users will be able to bridge to INK.
We will put together an Open Source Integration Guide to make the integration process and steps to get into INK, setup liquidity, and a guide for users.
Evidence of Completion
The final milestone will include a Rosen system wide update, Ui Update, and a release of the two new connection points for the Cardano ecosystem.
Projects and users will be able to bridge to INK.
We will put together an Open Source Integration Guide to make the integration process and steps to get into INK, setup liquidity, and a guide for users.
We will release all updates publically on github.
Write a medium article covering the new connection points and covering TX IDS for the first transctions.
Delivery Month
10
Cost
20000
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Scope of Work:
Base Integration and Ink Integration
Built to the following Standards
https://github.com/rosen-bridge/rcs/blob/master/rcs-001.md
https://github.com/rosen-bridge/rcs/blob/master/rcs-002.md
https://github.com/rosen-bridge/rcs/tree/master/rcs-003
Team Overview:
1x Lead back-end Developer
5x Back-end developer
1x Project manager to support implementation plans
1x UI designer
2x Front end developer
How does the cost of the project represent value for the Cardano ecosystem?
Add the potential number of projects asking for exchange access. Add up the costs per listing each project.
This is a great value potential for Cardano.
The potential to save a great deal of money, attract users, and grow the ecosystem exposure.
I confirm that evidence of prior research, whitepaper, design, or proof-of-concept is provided.
Yes
I confirm that the proposal includes ecosystem research and uses the findings to either (a) justify its uniqueness over existing solutions or (b) demonstrate the value of its novel approach.
Yes
I confirm that the proposal demonstrates technical capability via verifiable in-house talent or a confirmed development partner (GitHub, LinkedIn, portfolio, etc.)
Yes
I confirm that the proposer and all team members are in good standing with prior Catalyst projects.
Yes
I confirm that the proposal clearly defines the problem and the value of the on-chain utility.
Yes
I confirm that the primary goal of the proposal is a working prototype deployed on at least a Cardano testnet.
Yes
I confirm that the proposal outlines a credible and clear technical plan and architecture.
Yes
I confirm that the budget and timeline (≤ 12 months) are realistic for the proposed work.
Yes
I confirm that the proposal includes a community engagement and feedback plan to amplify prototype adoption with the Cardano ecosystem.
Yes
I confirm that the budget is for future development only; excludes retroactive funding, incentives, giveaways, re-granting, or sub-treasuries.
Yes
I Agree
Yes
Joseph Armeanio @ERG_Armeanio on Twitter. CoFounder of Rosen Bridge, Nautilus Wallet, Lithos Protocol, and Machina Finance
Mohammad Hasan Samadani: Lead developer for the Rosen Bridge project + SuSy Bridge (Wormhole).
Holds a PhD in computer science and has over 12 years experience in security, software development, and team management. Designed various applications for the Ergo ecosystem.