### Background
EIP-6110 was initally funded by ESP in February 2023. The previous estimation of the project length was two months and therefore we received two months of funding. However due to various [challenges](https://hackmd.io/@n0ble/deposit-reform-prototype#Challenges), we realized extra time is needed to complete the project. The project is semi-wrapped up in mid July after our presentation on [ECH](https://www.youtube.com/watch?v=tRTBgCN9VgY) and [ACDC](https://github.com/ethereum/pm/issues/830) albeit there is still a single outstanding item.

### Project Description
https://hackmd.io/@n0ble/deposit-reform-prototype

### Item Breakdown

| Action | Description | Status | Complete By | Funded? |
| ------------------------------ | --------------------------------------------------------------------------------------- | --------- | ----------- | ------- |
| Specification Drafting | To draft specs for engine api and consensus layer | Completed | Mar 15 | Yes |
| Execution Layer Implementation | To implement the prototype on Besu based on Shanghai fork | Completed | Jun 21 | Half |
| Consensus Layer Implementation | To implement the prototype on Lighthouse | Completed | Jun 3 | Half |
| Set up devnet | Set up new severs to run a basic multi-peer devnet without 6110 impl for testing purpose | Completed | Apr 20 | Yes |
| Set up monitoring tools | Set up Blockscout to monitor block activities and Grafana to monitor client performance | Completed | Jul 7 | No |
| Devnet testing | Set up Lighthouse and Besu with the 6110 implemenation. Send out deposit transactions on devnet, monitor activities and analyze performance. Perform stress testing | Completed | Jul 7 | No |
| Second EL Implementation | To rebase the existed implementation to Cancun | On-going | Aug 17 | No |

### Long Term Plan
* Continuous effort including attending calls and conferences will be made to let the community be aware of this EIP. We hope the community will be in favour for it.
* Address the [open questions](https://hackmd.io/@n0ble/deposit-reform-prototype#Open-questions)
* Answer questions other client teams may have regarding the EIP.
* When the EIP is considered final, both EL and CL prototype code will need another round of analysis to ensure production quality before going live.