Grantee: Bitsquid
Funding Amount: 250,000 USDC
Description: Void Protocol's privacy-focused AMM will be deployed on Osmosis and integrated with its AMM. Void utilizes ZK-snarks to anonymize user funds in a completely secure and decentralized manner, meaning there is no storage of information which can link the deposit and withdrawal wallets.
Purpose: Void Protocol will add new, important functionality to the Osmosis AMM which will allow users to swap their tokens anonymously. Void has also committed to airdrop 10% of their total token supply to Osmosis Stakers/LPs as part of this grant.
Execution: The team expects to have the project live in roughly 3-4 months on mainnet.
Payment Structure: 30% upfront / 30% at testnet deployment / 40% at completion of the mainnet deployment. Audit costs will be covered by the OGP, and are included in the funding amount.
Useful links: https://twitter.com/ProtocolVoid/status/1538453612988358656?s=20&t=6taIPnMcz2ZxSAGE5b-0KA.