Skip to content

Commit

Permalink
new transparency report
Browse files Browse the repository at this point in the history
  • Loading branch information
glasgowm148 committed Jan 9, 2024
1 parent 9ae84c7 commit afe5bce
Show file tree
Hide file tree
Showing 6 changed files with 366 additions and 0 deletions.
5 changes: 5 additions & 0 deletions docs/eco/rosen.md
Original file line number Diff line number Diff line change
Expand Up @@ -28,6 +28,11 @@ One of the unique aspects of this bridge is that it eliminates the need for depl
Initially, it's the greater of $10 or 0.5% of the transaction value, plus network fees, adjustable by the guard set. The fee is collected in the transferred token on Ergo. Network fees vary: static for Ergo and Cardano, dynamic for EVM-based networks.
///

/// details | Why is the fee so high?
{type: info, open: false}
Each event has to be reported on by 60%+1 of Watchers, and they need to be incentivised to do so. It also prevents all their permits being exhausted by low-value transactions.
///

/// details | Is there a maximum amount for a single transaction on Rosen Bridge?
{type: info, open: false}
No fixed maximum, but large transfers may take longer, from hours to 1-2 days, due to manual guard intervention for fund transfers from cold to hot wallets.
Expand Down
97 changes: 97 additions & 0 deletions docs/ef/ef-achievements.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,97 @@

# Timeline

### 2020

- Jan 7, Introducing the Ergo Foundation, a community-driven entity

**2020 Key Achievements**

- Roadmap released, Discord started
- Partnership with Emurgo and extensive joint research brought us Oracle Pools, SigmaUSD, and the headless dApp framework.
- Listing on CoinEx, Gate.io.


### 2021

- Joseph Armeanio joins the Ergo Foundation.
- Mark Glasgow joins the Ergo Foundation, replacing Martin S.
- On Nov 1, IOHK Business Developer Daniel Friedman was appointed Advisor to Ergo Foundation Board.
- On Dec 19, The Ergo Foundation incorporates in Singapore.

**2021 Key Achievements**

- Autolykos v2 Hard-Fork opened Ergo to mining pools, improved liquidity and brought many new users into the ecosystem.
- Partnership with Jinse and China marketing efforts that grew the Chinese community to >10k members.
- Listing on KuCoin, Changelly.
- UTXO Alliance formed.
- EIP-27 Discussions start.
- The EF hired wallet developers to alleviate users' lack of usable wallet options.
- Obtained a written US Legal Opinion that determines Ergo is unlikely to be classified as a security.
- Our first summits and two hackathons.
- Incorporated the first legal entity in Singapore to meet the necessity of formal arrangements now required in the industry.

### 2022

- Warwick (CW), Stacie, and Alison Robson join the Ergo Foundation as Officers to help expand the EF to the wider community.
- Created and distributed a pitch deck highlighting the 'open source economy' rapidly developing on Ergo and opportunities that present for private investors.

**2022 Key Achievements**


- Listings on Indodax and Huobi, Bittrue.
- Parallel asset launches on Flux.
- [EIP-27](eip27.md) re-emission soft-fork boosting confidence in Ergo and ensuring long-term network security.
- [EIP-37](eip37.md) (Difficulty retargeting hard fork).
- Two summits and three hackathons with 45 entries total.
- The redesign & relaunch of [ergoplatform.org](https://ergoplatform.org) and [sigmaverse.io](https://sigmaverse.io)
- Node [V5 JITC]().

### 2023

- **Announcements**: [Significant donations made to EF Treasury from ecosystem projects](https://ergoplatform.org/en/news/news/The-Ergo-Foundation-Path-to-a-Robust-Digital-Ecosystem), Storage rent activation. EF makes a donation to the Sigmanauts Treasury
- **Partnerships**: Bitpanda listing, nonkyc listing and native token integrations, Koinly integration, StealthEx listing.
- **Events**: [Ergo Summit 2023](https://ergoplatform.org/en/news/Ergo-Summit-2023), ErgoVersary 2023, Ergohack VI and VII.
- **Core**: Sigma.js, UTXO Set Snapshots and bootstrapping with NiPoPoWs, Sigma
- **Scaling**: An update from kushti *'A Scalability Plan for Ergo'* and work on a [sub-block confirmation protocol](https://ergoplatform.org/en/blog/Ergo’s-Newest-Advancement-Sub-Blocks).
- **Tooling**: FleetSDK, [Ledger in developer mode](https://ergoplatform.org/en/blog/Ledger-Launches-Ergo-Support-in-Developer-Mode), Oracles v2.

#### Ecosystem & Community

- **Community**: GreasyCEX, Erg0ne, Sigmanauts @ NFTxLV
- **Mining**: Sigmanauts mining pool.

##### Launched in 2023

- [Rosen Lite](https://ergoplatform.org/en/news/Rosen-Bridge-Officially-Launches-on-Ergo-Mainnet/)
- [SigmaFi](https://ergoplatform.org/en/blog/Sigma-Finance-A-Peer-to-Peer-Bond-Protocol)
- [Duckpools](https://ergoplatform.org/en/blog/Duckpools-A-Lending-and-Borrowing-Protocol-on-Ergo)
- [AuctionHouse v3](https://ergoplatform.org/en/news/Auction-House-V3-Launches-on-Mainnet)
- [AuctionCoin](https://auctioncoin.app/)
- [Hodlcoin](https://app.hodlcoin.co.in/) & [PheonixFinance](https://phoenixfi.app/)
- [Hodlbox](https://hodlbox.xyz/)
- [Lilium](https://www.liliumergo.io/)
- [single-tx-swap](https://www.single-tx-swap.com/)
- Spectrum Finance launches yield farming
- [EXLE MVP](https://ergoplatform.org/en/blog/Empowering-Communities-Interest-Free-Loans-Drive-Economic-Growth-for-Kenyan-Cooperative)
- [TabbyPOS](https://www.tabbylab.io/)
- [Crux Finance MVP](https://cruxfinance.io/)
- **Tooling**: ergexplorer, ergo-lib-go, Off-The-Grid, uExplorer

#### In Development

- BlitzTCG Alpha
- PalmyraComDex MVP
- Paideia Alpha
- DexyGold
- GuapSwap V2
- Thz.FM MVP
- ErgoNames
- Machina Finance
- Analog Ergo
- SigmaGold
- ChainCash




74 changes: 74 additions & 0 deletions docs/ef/ef-treasury.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,74 @@
# Ergo Foundation Treasury

The Ergo Foundation initially received an allocation of 4,330,776 ERG, which is equivalent to 4.43% of the total supply. A significant portion of this Treasury has been expended for the benefit of the protocol and the community. Even during periods of low ERG price, the Foundation continued to invest in order to foster and grow the Ergo community. Additionally, several projects that launched on Ergo have generously allocated a fraction of their tokens to the EF Treasury.

You can read more in the [emission](emission.md) section.


## Holdings

As of January 2024, the complete treasury of the foundation, including market making funds, is as follows:


| Currency | Amount | Price | Total |
|-------|---------------|---|---|
| ERG | 481,122 | $1.60 | $769,795 |
| RSN | 30,000,000 | $0.102 | $3,060,000 |
| SPF | 28,500,000 | $0.0487 | $1,387,950 |
| BTC | 7.26 | $45,000 | $326,700 |
| USD | 92,495 | $1 | $92,495 |
| Gluon | 335,000 | N/A | |
| Total | | | **$5,636,940** |



## Wallets

You can find the Ergo Foundation treasury and current balance on-chain at the following locations

- [Old MultiSig](https://ergexplorer.com/addresses#4L1ktFSzm3SH1UioDuUf5hyaraHird4D2dEACwQ1qHGjSKtA6KaNvSzRCZXZGf9jkfNAEC1SrYaZmCuvb2BKiXk5zW9xuvrXFT7FdNe2KqbymiZvo5UQLAm5jQY8ZBRhTZ4AFtZa1UF5nd4aofwPiL7YkJuyiL5hDHMZL1ZnyL746tHmRYMjAhCgE7d698dRhkdSeVy).
- [New MultiSig](https://ergexplorer.com/addresses#2BggBDgr9n9geTKjCJBCEWMReb2i7wcocw7fjVd3QyM7qFMtmVHyoFr78kChAxGekJxUTZru2aMjyZKcVoPfHX5d12RqNrnEAgzGqUCoJ2zkCiiUURror6NJ6HYyPxxUf5qj5FdQXqJ2zFv1a8U9Lieib59S8mxpE2oLAPt7P5cyngAa5sVEHHKeJrKkpp2yfQH3kshujjPCCc6qv2StJkmbzDTqAcxTpjcB9voMhi1tCybU4ikxSJEoAKmr5mppSfVAB5zSpREYstCVU)
- [Hot Wallet](https://ergexplorer.com/addresses#9g1ReLmsbGevkTjfPGMdRMoFRdrAVskZVmSBpaEdVW2DfG4HDWm) managed by the Treasurer


## Salaries

Twenty people receive monthly salaries or rewards for their contributions. The vast majority (16/20) were promoted from within the community after exceptional contributions.

A breakdown of our usual salary commitments is as follows:

``` mermaid
pie title 2023 Salary Averages
"EF" : 14.8
"Advisory" : 7.5
"Marketing" : 14
"Development" : 63
```


## Historic Spending

The Ergo Foundation has spent the majority of the Treasury for the benefit of the protocol and community. Funds were even spent when the ERG price was low, as it was necessary to bootstrap the thriving community Ergo now boasts.

<!--TODO: Yearly figures don't add up to total difference between total allocation & spending, 90k difference, probably missed a tx -->

| Spent | ERG | USD |
|---|---|---|
| 2023 | 424,150 | $589,777 |
| 2022 | 723,000 | $2,247,640 |
| 2021 | 889,001 | $3,793,485 |
| 2020 | 1,080,000 | $500,292 |
| 2019 | 757,051 | $590,239 |
| Total | 3,963,209 | $7,721,433 |

In addition to the direct ERG spending above in 2023,

- 972,000 SPF was liquidated for 43,020 ERG
- 650,000 SPF was paid as compensation ($21,000)
- 160,000 SPF was donated to the [Sigmanauts](sigmanauts.md) Treasury
- Totaling 1,622,000 SPF

/// details | The Ergo Foundations Future
{type: info, open: true}
Please see [this section](ergo-foundation.md#the-ergo-foundations-future) for more information on the long-term goals of The Foundation.
///
Loading

0 comments on commit afe5bce

Please sign in to comment.