Hey @mr-unomi - appreciate the willingness to modify the original proposal. I think that change will go a long way with the DAO, and as such feel a lot more comfortable supporting the proposal.
Also, thank you for the additional context on the grant situation.
We believe in the importance of zero-knowledge proof in preserving privacy. The zkFetch implementation could be a promising implementation for Arbitrum.
However, we want to question whether going through DAO funding is the best way to bring this proposal forward. For instance, will the 10k budget a month post-development be enough to ensure the strategic development of zkFetch within Arbitrum? Or will it just be basically maintanance costs?
We believe it is important to ensure the solutionās long-term sustainability and strategic development beyond maintenance.
Furthermore, this proposal also inherently ties up the technology to the provider mentioned, while we would rather frame this development as an open-source public good for the ecosystem.
Have you approached any project on Arbitrum that could be interested in moving forward to an MVP?
For this reason, we invite you to reflect on the proper way to present this solution, which could perhaps be reframed differently.
We are not sure if itās appropriate or feasible for the DAO to finance this kind of proposal at this time. There should be a committee to evaluate it and ensure that what the author is sharing is true and accurate. Please donāt take this as disbelief, we personally think this is a very well-written proposal, and the product youāre developing is very appealing. However, we think you should wait until a program to fund these kinds of projects opens again.
Thank you for the proposal. We recognise the benefits of zkTLS-powered oracle in improving security and agree this service would be a valuable addition to the Arbitrum ecosystem.
Can you provide a comparison table or brief explanation of your positioning vs your competitors?
In essence, the goal is to understand why your solution is different and better. We believe this would be useful information for delegates when considering giving you a grant.
While we are making progress toward full decentralization, which will be achieved soon, our core technology already offers unique advantages in data integrity, privacy, and flexibility.
We aim to integrate zkFetch to enable trending use cases such as prediction markets to access over 100 data feeds on Arbitrum, providing seamless integration and enhanced functionality.
Hello! Thanks for your proposal and the additional info provided in your answers! I would like to add a few more:
Oracles is a hard arena to compete. Can you provide a list of which protocols within the Arbitrum ecosystem could benefit from your solution at the current state (~5 seconds refresh)? (trying to assess the current market size)
Besides the development of a lower refresh time, which other strategies are outlined to increase the target market?
Are you aware that the DAO is currently in a detox period that may impact your proposal?
If I got the timeline right, we are talking about 6-7 months until deployment and after that a 12 months support of 10k from the DAO. Is that correct?
Thank you for your proposal regarding this excellent new technology. We agree that enabling use cases such as prediction markets, tokenization of real-world assets (RWA), and AI applications is crucial for future developments!
We have a few questions weād like to ask.
First, while the Motivation section explains the specific logic behind why Arbitrum should support this technology, we didnāt understand whether this technology is truly necessary. Specifically, why Arbitrum? Is the value provided by this technology addressing issues within Arbitrum? If these issues arenāt currently being recognized, could you share your thoughts on why that might be?
Next, weād like to ask about the economic incentives for Arbitrum to adopt this technology. While we believe it could lead to market share expansion and new use cases, we didnāt grasp how it would accrue value back to ecosystem. Could you explain how this technology would be utilized and share your vision for how incorporating this technology would contribute to Arbitrumās growth?