CANTO circulation

If successful, this community pool spend proposal will send 62.5 million CANTO to the lending market Treasury, which will then be wrapped and sent to the reservoir for dripping Liquidity Mining rewards.

This proposal will send canto from the community pool to the Treasury for the second LM emission period

# Summary The CANTO hub proposes to bring on B-Harvest as core/client developers for Canto. This engagement would entail the payment of NOTE (Canto’s native stablecoin) or CANTO +10% (to account for volatility) in exchange for B-Harvest’s services and contributions. 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 multiple 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 the 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 the scope of work mentioned below. The first year will be at $1.3 Million in CANTO, paid in one payment for the first year, and paid quarterly in subsequent years. The payment can be done either by an equivalent value in NOTE (Canto’s stablecoin) 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. # Statement of Work The funding for this proposal will be used for: * Hiring, managing, and training 1 architect and 4 developers (2 Cosmos SDK and 2 Solidity). Hiring these developers would take a maximum of 2 months, and the training another 2 months respectively. Actual development contribution to Canto can be expected by January 2023 assuming a lead time to recruiting. * Liquid Staking Protocol: B-Harvest will develop an Ethereum staking protocol living on Canto that will become part of Canto’s Free Public Infrastructure. * Chain Upgrades: Research, development, and coordination of chain upgrades so that Canto is always running the latest Ethermint + Cosmos chain versions. * Performance Improvements: Researching and implementation of performance improvements to Tendermint core that can later be applied to Canto. Amount to be sent from community pool: 12,871,287 CANTO To wallet: canto1m452mgup53jtp458l0zaqj2ap6swwk2hv62g3e

If successful, this proposal will send funds to the Treasury for period 3 LM Emissions

If successful, this community pool spend proposal will send 300,000 canto to the Canto Online Hackathon rewards distribution contract.

If successful, this proposal will send funds to the Reservoir refill contract for period 4 LM Emissions

This proposal will send 300,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 2.

This proposal will send 870,000 Canto the Code4rena Canto Address from the community pool to pay for previous Canto audits.

If successful, this proposal will send funds to the Reservoir refill contract for period 5 LM Emissions

This proposal will send 300,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 3.

If successful, this proposal will send funds to the Reservoir refill contract for period 6 LM Emissions

If successful, this proposal will send 260,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 4.

If successful, this proposal will send 200,000 to a contract which will distribute canto evenly to the CPMS and Plex mainnet faucets. These faucets are responsible for the onboarding of thousands of new users per day. The faucets addresses are 0xDE00e9804518C18CDD65bF98838A5348daDFaADE (canto1mcqwnqz9rrqceht9h7vg8zjnfrddl2k7nhnjpt) and 0xcA4776f2Cc7974Bdca1E19dFB384161c78D0950F (canto1efrhdukv096tmjs7r80m8pqkr3udp9g0uadjfv) respectively.

If successful, this proposal will send funds to the Reservoir refill contract for period 6 LM Emissions

If successful, this proposal will send funds to the Reservoir refill contract for period 7 LM Emissions

If successful, this proposal will send 300,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 5.

If successful, this proposal will send funds to the Reservoir refill contract for period 8 LM Emissions

If successful, this proposal will send 302,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 6.

If successful, this proposal will send funds to the Reservoir refill contract for period 9 LM Emissions

If successful, this proposal will send 302,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 7.

If successful, this proposal will send funds to the Reservoir refill contract for period 10 LM Emissions

If successful, this proposal will send funds to the Code4rena wallet to fully fund an audit for the Canto Onboarding Middleware. More details on the onboarding middleware can be found here: https://github.com/Canto-Network/CIPs/blob/main/CPIPS/CPIP-002.md

If successful, this proposal will send funds to the Reservoir refill contract for period 11 LM Emissions

If successful, this proposal will send funds to the Reservoir refill contract for period 12 LM Emissions

If successful, this proposal will send 300,000 Canto to the COH rewards distribution contract in order to pay the winners of COH Chapter 1, Season 8.

If successful, this proposal will send funds to the Code4rena wallet to fully fund an audit for modifications to the Canto Lending Market to support RWA assets

If successful, this proposal will send funds to the Reservoir refill contract for period 13 LM Emissions

If successful, this proposal will send funds to the Reservoir refill contract for period 14 LM Emissions

If successful, this proposal will send funds to a Code4rena wallet to fund audits for Canto RWA protocols. More details on the audits can be found on Code4Rena's website: https://code4rena.com/contests/2023-10-canto-liquidity-mining-protocol#top, https://code4rena.com/contests/2023-08-verwa#top

If successful, this proposal will send funds to the Ambient LM rewards contract

If successful, this proposal will send funds to the Ambient LM rewards contract

If successful, this proposal will send funds to the Reservoir refill contract for period 15 LM Emissions

If successful, this proposal will send funds to the Ambient LM contract for period 15 LM Emissions