Fund testnets and mainnet ops by Hypha in 2025

Description

Fund testnets and mainnet ops by Hypha in 2025

Summary

The Hub testnets team at Hypha Worker Co-operative is seeking funding to continue their mandate of stewarding the Hub's testnet, supporting mainnet operations, and development support and onboarding for the incoming Hub team at Interchain Inc.

This proposal is summarized by the following propositions:

• The approval of a $650,000 USD budget to finance Hypha's:
  • Stewardship of the Hub's provider testnet as a dev platform and validator training program
  • Mainnet coordination for upgrades and validators
  • Coordination around bug fixes, security patches, and version updates for core technologies
  • Mainnet ICS support for the Hub's current and prospective consumer chains
  • Validation testing for core stack integrations and new features
  • Testing and development support for patches and version update releases
  • Onboarding and transition support for Skip/Interchain Inc.
• The release of the following funds to a Hypha-controlled wallet (cosmos1ax7krw2ymq8upaxwce7df3xpalpp0jddm29fws):
  • 200k USDC (shown in the spend proposal details as 200,000,000,000 IBC-wrapped uusdc)
  • 86,538.46 ATOM (accounting for 69,230.77 ATOM at a spot price of $6.5 USD with a 25% buffer to cover price fluctuations) to be converted to $450k USDC via the process laid out in the full text of the proposal
• The approval of Hypha's transparency and accountability commitment to the ATOM community:
  • Quarterly reports made to the Cosmos Hub forum
  • Quarterly withdrawal reports on community-disbursed funds
  • An anonymous feedback form and commitment to publicly reviewing and incorporating relevant feedback
  • Cooperation with the ATOM community if a signalling proposal is passed to return any unused funds
  • Cooperation with teams chosen by the ATOM community to fulfil other scopes of work or to replace our services on the Hub

Additional details

• Full proposal text with changelog and discussion (forum post)
• IPFS pin of full text and comments

Governance votes and outcomes

The following items summarize the voting options and what it means for this proposal:

• YES: You agree to fund the Hub testnets team at Hypha Worker Co-operative with a $650k USD budget for continued testnet stewardship, mainnet coordination, and development support over the period of January 1, 2025 - December 31, 2025. A 'YES' outcome will immediately release 200k USDC and 86,538.46 ATOM to the specified wallet (cosmos1ax7krw2ymq8upaxwce7df3xpalpp0jddm29fws).
• NO: You do not agree to fund the Hub testnets team at Hypha Worker Co-operative based on the terms of this proposal.
• NO WITH VETO: A 'NoWithVeto' vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance. If the number of 'NoWithVeto' votes is greater than a third of total votes, the proposal is rejected and the deposits are burned.
• ABSTAIN: You wish to contribute to the quorum but you formally decline to vote either for or against the proposal.