Proposal: Access Control and Monetization
Amount: 722,050 USDC
Token allocation to contributors: 125,000 API3 (to be vested over 3 years with a 6 month cliff)
Timeline: 9 months
Destination: 0x7F203F531E773340b720F5FF19B9ECBE5F31Cd3F
The destination is a 2-of-3 multi-sig wallet managed by Andre, Burak and Heikki
Abstract
Following a closed-beta period, the team launched chainapi.com with the following features
- API Provider sign-up and account management
- API Integration: configuration and management
- Generation of files required for deploying an Airnode
The team is currently developing Workspaces, where API Providers can create a team, invite members, and assign roles to provide different access rights. This is expected to be delivered a few weeks following the launch.
This proposal primarily seeks to improve the value proposition of ChainAPI to API Providers.
API Providers will be able to monetize and control access to their APIs through a marketplace on ChainAPI. Only Developers who have purchased access, or those otherwise authorised, will be able to call the provider’s Airnode.
The API Provider will retain the ability to manage access in order to counter any misuse.
The marketplace will contain a listing of the API Provider’s integrations. This will enable Developer discovery and provide a method for Developers to validate their access rights.
Deliverables
Marketplace
- API Provider listing
- Sales management and dashboard
- Payment provider integration
- Airnode access control
- Access rights validation
Administration
- Developer sign-up and account management
- Additional API Provider workspace roles
In addition, the team will spend effort on the operational requirements of chainapi.com.
Timeline
It is estimated that the project will take 9 months effort to deliver, from the date of approval of this proposal.
Budget (USDC)
| Category | Amount |
|---|---|
| Grants | 448,650 |
| Contractors | 248,400 |
| Expenses | 25,000 |
| Proposal Total | 722,050 |
Grants
| Team Member | Allocation | Amount (USDC) |
|---|---|---|
| Ryan - Product Owner | F/T | 8,400/month |
| Richard - Technical Manager | F/T | 8,750/month |
| Joshua - Developer | F/T | 8,000/month |
| Prenaam - QA | F/T | 4,000/month |
| Damla - Developer | F/T | 3,200/month |
| Developer* | F/T | 8,750/month |
| Jon - General Counsel | F/T | 8,750/month |
| Total | 49,850/month |
- This position has been budgeted for but is currently vacant
Andre, Burak and Heikki will be performing a supervisory role and are therefore not included in this budget. Any unspent amounts will be carried over to a future project.
Furthermore, we are requesting an allocation of 125,000 API3 tokens be made available for ChainAPI to use for staff incentives.
Contractors
We will work with Vacuumlabs, who will provide up to two developers, and Entrecasa Studio, for design services.
| Contractor | Amount |
|---|---|
| Vacuumlabs | 216,000 |
| Entrecasa Studio* | 32,400 |
| Total | 248,400 |
- Vaccumlabs and Entrecasa bill at an hourly rate, this provision is based on historic billing
Risks
This is a large undertaking and it is highly likely that we will uncover further essential functionality that will be required in order to deliver the project successfully. To mitigate this, the team will deliver the work incrementally in logical phases. It will be raised as early as possible should it become obvious that the original timeline will be exceeded.