Collaboration is the foundation of Canto’s ethos. As such, the Canto community would like to introduce a core contributor who aims to build and maintain different parts of Canto’s SDK, essentially becoming the primary maintainer/client developer.

Background

B-Harvest is an established team within the Cosmos ecosystem. They were the original developers of the core liquidity module (Gravity Dex) and were the first to introduce concentrated liquidity in the form of an SDK module. As an original genesis validator on the Cosmos Hub, B-Harvest is a leading validator across numerous major Cosmos ecosystem networks, and its team has a long track record of high-quality and timely delivery of key Cosmos development objectives. While Canto utilizes the EVM for its execution logic, the blockchain logic is built on the Cosmos SDK. A contributor like B-Harvest will enable the Canto Hub to implement timely chain upgrades alongside development of new modules.

Funding and Terms

The B-Harvest team is requesting funding at costs + 50% from the CANTO hub per year to cover the OPEX required to execute on the scope of work mentioned below.

The first year will be capped at $1.3 million, paid quarterly as costs accrue. The payment can be done either by equivalent value in NOTE (Canto’s unit of account) or CANTO with 10% more provided to account for volatility. Subsequent years may be higher if costs rise over time, and will be capped at $1.5 million per year.

In a parallel transaction, for long-term economic alignment, a portion of the CANTO genesis block that was set aside for contributors will be transferred to the B-Harvest team over the next three years. Any subsequent modifications in scope and/or terms to this framework as currently proposed will be signaled on-chain via governance as incurred throughout the duration of this contribution arrangement.

The community can expect to see a proposal that outlines the engagement with B-Harvest along with a more detailed scope of work that they aim to focus on over the next year.

About Canto

Canto is a Layer 1 blockchain built to deliver on the promise of DeFi – that through a post-traditional financial movement, new systems will be made accessible, transparent, decentralized, and free. Created by a loosely organized collective of chain-native builders, Canto is a new commons powered by Free Public Infrastructure.

Discord | Telegram | Twitter | Documentation | Website