Project Name: HTLC Upgrade for Sia for use in Atomic Swaps
Name of the organization : Komodo Platform
Based off of the work in a prior SIA grant; Grant Proposal: Sia Atomic Swap with Adaptor Signatures Feasibility Study - #10 , we are submitting a proposal to add HTLC functionality and integration into our Atomicdex protocol of Sia to facilitate atomic swaps.
We have received feedback from the Sia developers regarding our previously delivered work regarding Sia DEX integrations. The Sia team has begun work on implementing our https://github.com/KomodoPlatform/sia_adaptor_sig_study/blob/main/hltc_emulator_protocol/option2_spend_policies.md
The current timeline for when this will be deployed into mainnet consensus is unclear. Komodo Platform developers would like to develop the necessary tools for real world DEX trading in parallel to this ongoing development from the Sia developers.
Integrate wallet support for SIA into Komodo Wallet
Integrate atomic swap support for SIA within Komodo Wallet DEX. Provide support across a multitude of blockchains. “BTC-like” blockchains and EVM-based coins and tokens at a minimum
Provide the Sia team the necessary tools and knowledge base to deploy a white label version of this software if desired. Eg, “SiaDEX”
Who benefits from your project?
The SIA community benefits from extending HTLC atomic swaps, providing a method to engage in P2P exchange and reducing reliance on centralized third-parties for the acquisition or liquidation of SIA coin.
How does the project serve the Foundation’s mission of user-owned data?
“Coins” on a fundamental level are data, ledger entries on blockchain. This project serves the foundations mission of user-owned data by allowing users of SIA coin to non-custodially hold and trustlessly exchange data with other peers .
The total budget estimation for the project stands at $100,000. This is based on an estimate of 1000 hours at a rate of $100/hour. Our rate is justified by our extensive experience and the specialized skills required for this project.
Timeline / Milestones :
Milestone #1 Scope of Work Completion
The initial scope of work phase is to determine exact work needed to complete the project, including assigning of personnel and tasks. SoW report delivered when complete.
Estimated time: 4-6 weeks
Milestone #2 Development Phase Completion
Description: Development Work on HTLC upgrade and integration into the Atomic Swap Protocol . A summary report will be provided when complete along with monthly updates.
Estimated Time: 8-12 weeks
Milestone #3 QA Completion
Description: Extensive Quality Assurance on the new swap protocol ensuring its safety and reliability.
A test report will be handed over at the completion of the milestone
Estimated Time: 12-16 weeks
Milestone # 4 App Release
Description: Finalizing SIA coin integration and release in Komodo Wallet DEX; A Demo will be provided of the integration into the Komodo Wallet and atomic swap exchange of SIA coin upon completion.
Estimated Time: 4-6 weeks
Total Estimated Time 8-10 Months
Payment Schedule: Monthly, if completed before month 10 , the remaining balance will be due upon completion of the final milestone.
The project will be open source and will be hosted on the Komodo Platform Github
The project will post monthly updates