# Kinesis Grant
Original Grant Agreement: https://docsend.com/view/3z7s3gkgts53gyt4

We have completed milestones 2 and 3 of the grant as per below. If it would be possible, we would prefer delivery in USDC instead of Evmos, but if not, this is the following request.

TLDR:
- Can you send 1477272 Evmos for milestone 2 so we can begin staking? The address should be `evmos1tx3nhtm5wxaev5w08z45xqnkdqwx4suz0y689c`.
- Can you send 795454 Evmos for milestone 3 so we can begin staking? The address should be `evmos1mt7gac3vagcd70d4j3328evef52xky9egf56fh`

## Milestone 2

### Draft and pass a governance proposal for at least 99k Evmos tokens in incentives

Voting Results: https://www.mintscan.io/evmos/proposals/67

Proposal full text: https://gateway.pinata.cloud/ipfs/QmXKzWgYjB9hhNpC5CTqdfRAXBg4e7ddPEdaBXDc7iE13v

Commonwealth Proposal Discussion: https://commonwealth.im/evmos/discussion/7017-passed-proposal-for-axelar-network-celer-network-and-gravity-bridge-liquidity-mining

Commonwealth Temperature Check: https://commonwealth.im/evmos/discussion/6844-temperature-check-start-liquidity-mining-campaign-for-gravity-celer-and-axelar-assets

### Audits

Audit Report and Summary: https://docs.kinesislabs.co/other/audits

### Contracts open-sourced

Contract Addresses and Verification on Sourcify: https://docs.kinesislabs.co/other/contract-addresses

Github with Contracts: https://github.com/kinesis-labs/evmos-contracts

### Depeg Protection

Explanation Page in Docs: https://docs.kinesislabs.co/concepts/depeg-protection

Source Code: https://github.com/kinesis-labs/evmos-contracts/blob/7394a231ac7393a8bfa05112afba129a5e9e85de/contracts/Swap.sol#L182

### Dynamic Fees

Explanation Page in Docs:

https://docs.kinesislabs.co/concepts/dynamic-fees

Source Code: https://github.com/kinesis-labs/evmos-contracts/blob/7394a231ac7393a8bfa05112afba129a5e9e85de/contracts/Swap.sol#L514

### Full Grant Details

$65,000 in EVMOS tokens calculated at a 20% discount from the 14-day time weighted average price

Average price between 5/26 and 6/9: 0.13746914279277905
Average price between 5/26 and 6/9 discounted by 20%: 0.10997531423422324

Since the grant was for 65,000 USD for milestone 2, can you send 1477272 Evmos to evmos1tx3nhtm5wxaev5w08z45xqnkdqwx4suz0y689c so we can begin staking?

The [python script](https://gist.github.com/AlbertSu123/cb0fea94a6dcc617b1e609ef2bd03bc3) that was used to calculate the time weighted average price of Evmos is attached below, and it was the same script as used for milestone 1.

## Milestone 3

### TVL Requirement

Max TVL on Kinesis / (Day 30 stablecoin TVL on Evmos - Day 1 stablecoin TVL on Evmos) > 10% for 5 days (120 hours)

This deliverable can be met in any 30 day period in the next 6 months

*Stablecoin = USDC, USDT, DAI, BUSD, TUSD, FRAX, EEURO, IST, USK**

The Max TVL on Kinesis is 676.4k USD, average is ~640k USD

Day 30 stablecoin TVL on Evmos
1,804,563.5

Day 1 stablecoin TVL on Evmos
1,707,910.5

676,400 / (1804563.5 - 1,707,910.5) = 6.998 > .10

### Full Grant Details for Milestone 3
$35,000 in EVMOS tokens calculated at a 20% discount from the 14-day time weighted average price

Since the grant was for 35,000 USD for milestone 3, can you send 795454 Evmos so we can begin staking?

The [python script](https://gist.github.com/AlbertSu123/cb0fea94a6dcc617b1e609ef2bd03bc3) that was used to calculate the time weighted average price of Evmos is here, and it was the same script as used for milestone 1.

## Appendix
List of stablecoins on Evmos

Axelar DAI
0x4A2a90D444DbB7163B5861b772f882BbA394Ca67
https://evm.evmos.org/address/0x4A2a90D444DbB7163B5861b772f882BbA394Ca67/transactions

Axelar USDC
0x15C3Eb3B621d1Bff62CbA1c9536B7c1AE9149b57
https://evm.evmos.org/address/0x15C3Eb3B621d1Bff62CbA1c9536B7c1AE9149b57/transactions

Axelar USDT
0xe01C6D4987Fc8dCE22988DADa92d56dA701d0Fe0
https://evm.evmos.org/address/0xe01C6D4987Fc8dCE22988DADa92d56dA701d0Fe0/transactions

Celer DAI
0x940dAAbA3F713abFabD79CdD991466fe698CBe54
https://evm.evmos.org/address/0x940dAAbA3F713abFabD79CdD991466fe698CBe54/transactions

Celer USDC
0xe46910336479F254723710D57e7b683F3315b22B
https://evm.evmos.org/address/0xe46910336479F254723710D57e7b683F3315b22B/transactions

Celer USDT
0xb72A7567847abA28A2819B855D7fE679D4f59846
https://evm.evmos.org/address/0xb72A7567847abA28A2819B855D7fE679D4f59846/transactions

Canonical Frax
0xE03494D0033687543a80c9B1ca7D6237F2EA8BD8
https://evm.evmos.org/address/0xE03494D0033687543a80c9B1ca7D6237F2EA8BD8/transactions

Gravity DAI(ibc - GDAI)
0xd567B3d7B8FE3C79a1AD8dA978812cfC4Fa05e75
https://evm.evmos.org/address/0xd567B3d7B8FE3C79a1AD8dA978812cfC4Fa05e75/transactions

Gravity USDC(ibc - GUSDC)
0x5FD55A1B9FC24967C4dB09C513C3BA0DFa7FF687
https://evm.evmos.org/address/0x5FD55A1B9FC24967C4dB09C513C3BA0DFa7FF687/transactions

Gravity USDT(ibc - GUSDT)
0xecEEEfCEE421D8062EF8d6b4D814efe4dc898265
https://evm.evmos.org/address/0xecEEEfCEE421D8062EF8d6b4D814efe4dc898265/transactions