SSV x StakeStar grant proposal [Staking Pool]

We want to inform the community that the grant committee has approved the following grant request of the joint venture of spectrum-stardust-onestar-lux8 on 27.07.22:

Total grant: $100K

Payment terms: The grant will be paid in 50% SSV and 50% USDC tokens based on 90 days moving price average as of the approval date, re-calculated for every milestone.

Verified Payment Address: 0x32be3da4ef723751b07afad6f14349e819e7004f (Ethereum Verified Signed Message)

Thank you :four_leaf_clover:

—Grant Committee

3 Likes

Hello there :wave:,

Based on the agreed payment terms, the upfront payment of $10k (50% SSV, 50% USDC) shall be executed as follows:

To: 0x32be3da4ef723751b07afad6f14349e819e7004f

Amount SSV: 724.03
Amount USDC: $5,000

Decision date: 2022-07-27
90-day SSV token price: $6.90579

@SpookyG

2 Likes

Hi everyone

On behalf of the OneStar team, I would like to update the community on the current progress.

So far we have completed Milestone #1 - LLD documentation preparation. With feedback from the SSV team, we have prepared a detailed overview of all the Pool components, their scope of responsibility and the tech stack we plan to use during the implementation phase.

We have slightly changed our initial approach and started work on Milestone #2 - MVP implementation even before the final LLD documentation was ready. The main reason for that is the active development of the SSV network and Ethereum chain. In such circumstances, we think it makes more sense to validate certain concepts and approaches in practice rather than trying to design the whole system upfront.

As a result, it took us a bit more time to finish Milestone #1, however, in parallel we have progressed with Milestone #2 - MVP implementation ahead of schedule. The MVP will include Eth deposits, validators creation and registration with the SSV network, as well as stats on APR, node operators, and the StakeStar pool in general. We hope we will be able to share a working web-app withing the next few weeks.

3 Likes