Web3 Security DAO project request grant

[USDTBlackList]

Project Abstract

Please replace these instructions with a brief description of your project summarising key points (1-2 paragraphs).

If your application is a follow-up to a previous grant, please mention which one in the first line of the abstract and include a link to previous pull requests if applicable.

Grant level

• Level 1: Up to $10,000, 2 approvals
• Level 2: Up to $30,000, 3 approvals
• Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

• The application template has been copied and aptly renamed (project_name.md).
• I have read the application guidelines.
• Payment details have been provided (Polkadot AssetHub (USDC & DOT) address in the application and bank details via email, if applicable).
• I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
• I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
• The software delivered for this grant will be released under an open-source license specified in the application.
• The initial PR contains only one commit (squash and force-push if needed).
• The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
• I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @_______:matrix.org (change the homeserver if you use a different one)

[github-actions]

CLA Assistant Lite bot All contributors have signed the CLA ✍️ ✅

[USDTBlackList]

I have read and hereby sign the Contributor License Agreement.

[GrFrHuang]

I have read and hereby sign the Contributor License Agreement.

[keeganquigley]

Hi @USDTBlackList thanks for the application. However, our grants program focuses on Polkadot/Kusama development, therefore I don't think this proposal is a great fit for a few reasons:

First is that Polkadot already has built-in on-chain governance and therefore doesn't suffer from some of the same problems that EVM chains have in their off-chain voting mechanisms. I encourage you to look more into our governance system called OpenGov, which already circumvents some of the problems you are attempting to tackle.

For example, our voting is executed natively on the runtime level, so there are no smart contracts involved in Polkadot governance. We also already have a weight mechanism called conviction voting. Additionally, we have a delegation system, where users can delegate their votes to a trusted account with a verified on-chain identity.

Second, substrate has a different architecture than EVM platforms, hence we don't use native ERC20 tokens. Moonbeam does run EVM contracts but even they use a specialized variant called XC-20.

Lastly, the proposal is very expensive, especially for a team we haven't worked with before. Generally we like to start with a small PoC to see some of the work before committing to bigger grants. I'll give you a few days to respond before closing.