Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Daiki Ishikawa
Amount Asked: $173,875
Status: Rejected

Yui-ibc-solidity

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Solidity implementation of IBC/ICS for supporting private/public Ethereum.

We’ve developed ibc-solidity, including the ics-20 in solidity, to spread out the completely ibc-compliant connection over the entire EVM-based blockchain space ranging from public chains to enterprise chains. Some teams, such as Union and Composable, are adopting the ibc-solidity to accomplish ibc connections between Cosmos and several chains. Also, TOKI will utilize this for BSC, Etherem, and other L2s as well. In addition to it, a stablecoin issuer in Japan, named Progmat, which is a spin-off project out of the largest Japan bank, MUFG, is trying to use ibc-solidity to transfer stable tokens between Cosmos and EVMs. Hence, ibc-solidity will be a substantial infrastructure to connect all evm chains with Cosmos, and we have to minimize a bug via the highest quality of security audit to secure user funds.

Team: Daiki Ishikawa
Current Status: Rejected
Funding Program: Regular Grants

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $173,875

Date Applied: Mar 17, 2024
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence May 15, 2024 (8 weeks)

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