We kicked off Q1 2024 with a strong cohort of grant projects! Reclaim Protocol and dCasino are now live on mainnet, and GOV.DAO, PageDAO, and FiftyWei are making great progress on their development!
On March 14th we announced that we were accepting applications for the Q2 cohort, and today we’re excited to reveal the projects that have been selected to receive a grant! We received over 25 grant proposals, and have selected 6 of those to fund. These were projects that we felt had the highest chance of being successful, demonstrated thoughtful use of Secret Network’s technology, and aimed to build something not already present in the Secret ecosystem. Let’s dive in!
Q2’24 Cohort Projects
Satoshi’s Palace
Satoshi’s Palace has been hard at work over the past few months. They submitted their grant proposal back in January, barely missing the deadline for the Q1 cohort, but that didn’t deter them from starting to build! Satoshi’s Palace is a decentralized casino, aiming to be the premier destination for all things in crypto gambling. It will feature a wide array of online games, catering to a diverse range of preferences and styles. Planned games include slots, blackjack, lottery, sports betting, poker, roulette, and crash. Essential to their platform is the integration of Secret VRF for randomness, ensuring fairness in every game of chance.
You can join the Satoshi’s Palace community and help test out their upcoming games as they go live on testnet! Follow them on X or join their Discord.
PampIT
PampIT is building a fair token launch platform on Secret. Modeled after the extremely successful Pump.fun application on Solana, PampIT will enable anyone to launch a new privacy-preserving SNIP-20 token in just a few clicks, without needing to have any coding knowledge or interacting with the blockchain via CLI. It will then enable the token be bought and sold directly on the PampIT interface, gamifying the launch experience and providing charts for traders. Once a token reaches a certain marketcap, the liquidity will be migrated and locked into a pool on a Secret DEX like Shade Protocol, providing the token with a platform for longer term trading.
PrivCast
PrivCast is using Secret to provide private polling for Farcaster, a decentralized social network built on Ethereum, similar to Twitter and Reddit. Users can create profiles, post “casts”, and follow others. They own their accounts and relationships with other users and are free to move between different apps.
Currently, there is no way to create private polls on Farcaster. Private polls are necessary to create an environment where users can vote and voice their opinions with complete honesty, without having to worry about any negative repercussions from revealing their identity.
Private polls will be facilitated by Secret’s Confidential Computing Layer. PrivCast will consist of an EVM smart contract, and a Secret smart contract. Creating, voting and viewing results will happen within the EVM contract and frontend on Farcaster, while the encrypted vote tallying will happen in a Secret contract, which will relay back the final encrypted voting results, without revealing individual voter’s decisions.
Synexis
Synexis is a SaaS platform for startups and investors that transforms startup transparency, visibility, portfolio management, and due diligence with cutting-edge blockchain and AI technologies. For startups, it will provide smart contracts that distribute shares among co-founders, decentralized intellectual property management, and automated on-chain transparency reports. For investors, it will provide portfolio monitoring, a watchlist with transparency scores, and automated notifications of important events.
Delayed Write Buffers, WebSocket Multiplexer, Secret HEAPS, & SNIP-250
This is an R&D proposal seeking to address and overcome specific challenges facing Secret Network related to storage access patterns, metadata leakage, and scalability.
Delayed Write Buffers is a novel approach to solving storage access patterns for Secret tokens. The solution is done entirely within the contract, i.e., without any changes to the network, without off-chain computation, and without the need for client intelligence. It is both cheaper and more effective than decoys, maintains compatibility with existing interfaces, and allows existing tokens to adopt through contract upgrade.
Creating a Tendermint events multiplexer service would allow wallets and frontends to immediately reduce the loads being put on Secret query nodes, which by default are limited to 100 simultaneous clients, with a maximum of 5 subscriptions per client. Additionally, apps that start leveraging SNIP-52 notifications (instead of polling contracts with queries every 6 seconds in anticipation of an event or action) will not only benefit their end-users through a more responsive experience, but will also substantially improve the availability and resource utilization of query nodes.
Secret H.E.A.P.S. (Fully Homomorphically-Encrypted & Authenticated Private Storage) is an L2 storage mechanism hosted outside the enclave for Secret contracts that serves clients in a way that is private, unidirectional, authenticated, and oblivious. Secret HEAPS reduces loads on query nodes by allowing private data to be accessed without the use of smart queries. However, the primary benefit of using HEAPS comes from its performance. Instead of waiting between 8 to 30 seconds retrieving up to 20 token different balances as is the case now, dozens of simultaneous HEAPS queries would only take on the order of milliseconds.
The SNIP-250 reference implementation is intended to supersede the SNIP-2x token implementation, consisting of delayed write buffers + SNIP-50 gas evaporation + SNIP-52 private notifications for tokens spent/received and allowances granted/received + the contract-side of Secret HEAPS.
What’s next?
Development begins now on these projects. Over the coming months, we’ll be providing dedicated support to these teams to maximize their chances of success. We’ll also be providing updates on their progress. We’re excited to bring some awesome new applications to the network!
If you’re interested in building on Secret but missed this grant round, don’t worry, there are many more opportunities for builders in our ecosystem! On May 20th our HackSecret 3 hackathon begins, which will run for one month. This is a great opportunity for new Secret developers to try their hand at building on Secret, and also earn some cash! Our Q3 round of grants will begin around late July – early August, so if you’d like to apply for it now, feel free to go ahead. In addition to these funding opportunities, if you’re looking for development, marketing, or fundraising support for a project you’re building on Secret, you can contact the Secret Network Foundation directly and get dedicated support.
Stay tuned for further updates on these grant projects!
To discuss Secret Network and Secret Apps, visit our community channels:
