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MAGIC Grants

EXPAND EDUCATION, SCIENTIFIC RESEARCH, PHILANTHROPY, AND COMMUNITY OUTREACH IN SUPPORT OF LITERACY IN FINANCIAL PRIVACY AS WELL AS...Learn more

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  • Organized by MAGIC Grants

    noot ETH-XMR Atomic Swap development, 4 months

    Your donation will appear here after we add it manually.

    WOW! The $5000 matching cap was hit within only ~1 hour! HUGE THANK YOU to our donors, and please keep the donations coming!
    Previously: From Aug 9 to Aug 15, the MAGIC Monero Fund is matching donations 1:1 up to $5,000 total! After you donate, we'll manually add the matching amount to the campaign. Note: this is no longer active now that the cap has been reached. Thanks for your support!

    noot (github.com/noot) wants to continue their development of ETH-XMR atomic swaps. This proposal covers 4 months of work focused on the following:

    1. Relayer support
    The current implementation of the protocol requires the ETH-recipient to have some ETH in their claiming account to pay for the transaction fees to claim the swap ETH. However, this is bad for UX and privacy, as users cannot withdraw to fresh ETH accounts.
    To allow for users to claim ETH into a fresh account, integration with a relayer service can be implemented. This will allow users to withdraw to a fresh account by paying a small fee to a relayer to submit the transaction on their behalf.

    2. Ethereum privacy improvements
    On the ETH side of the swap, there is no privacy, and which accounts and amounts participating in the swap are visible.

    3. ERC20 support
    To support swaps for ERC20s without hurting liquidity, the swap contract can be integrated with a DEX such as Uniswap to swap received ETH for the desired ERC20 token automatically.

    4. Disk permanence
    The current implementation of the swap does not store anything to disk apart from information needed for recovery of swap funds in case of failure. However, there are other components that should be stored to disk and restored upon reload, such as current swap offers made, historic swap information, and peer information. This will require a simple key-value database implementation.

    5. General maintenance and bugfixes
    See https://github.com/noot/atomic-swap/issues for open issues on the repo. Issues not covered by the above work are part of this section. This includes RPC calls and documentation, codebase maintenance, testing, and fixes of any bugs found during testing.

    This campaign is being done through the MAGIC Monero Fund, and all donations go to it. Should this proposal fail for any reason, donations will support this Fund.
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  • Organized by MAGIC Grants

    Code audit for Lelantus Spark in Firo!

    This campaign is complete! Thanks to everyone who donated!

    MAGIC Grants is raising funds for the Firo community to be able to audit the Lelantus Spark code that is expected to be used in Firo.

    Firo donation address: aBnDCFrR3v7j8nH4HHAtyXazZcKVo6iH9k
    Please email the email listed at https://magicgrants.org/contribute/ after making your donation (GoFundMe redacts). Click here to see the wallet on the Firo explorer.
     
    Lelantus Spark is a proving system that is quite promising for use in Firo, Monero, and other public, permissionless payment infrastructure.
     
    The Firo team has already coordinated audits of the proving system. In this case, MAGIC Grants is assisting with an audit of the actual code implementation.
     
    The specific audit firms have not yet been selected. Reuben Yap from the Firo community has advised that MAGIC Grants should open this fundraising campaign in advance of audit proposals to expedite the process. The fundraising campaign will be adjusted to the real amount when known.
     
    This project funding proposal includes:
    • An audit by a capable firm for the Firo code implementation of Lelantus Spark
    • This audit report will be made public
     
    This campaign is necessary to support the security of an public, permissionless payment network. If you prefer to make a donation outside of GoFundMe (for example, an "offline" donation with Firo or another cryptocurrency), please visit https://magicgrants.org/contribute/. Your donation will still count towards the proposal, but it will need to be added manually to this page after a delay.
     
    Your donation is tax-deductible to the amount allowable by law. In 2021, you may be able to take a $300 (for individuals) or $600 (for married filing jointly) above-the-line tax deduction even if you do not itemize your deductions. Take advantage of the tax benefits afforded to you and support a cause you care about!
     
     
    MAGIC Grants is a 501(c)(3) nonprofit focused on expanding education and research in cryptocurrencies, and for supporting public, permissionless payment infrastructure. MAGIC Grants distributed $6,000 this 2021-2022 school year in scholarships to students interested in cryptocurrencies.
     
    In the unlikely case that the project is not fully funded and we are unable to begin the project, or if the project is canceled for any reason, MAGIC Grants will treat the donations as unrestricted donations. If there is a funding excess, MAGIC Grants will treat the excess as unrestricted donations. MAGIC Grants will use the funds for any other appropriate purpose, which could be another payment infrastructure proposal or a scholarship, among other things within its mission. MAGIC Grants will intend to spend the funds on a Firo-related project.
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  • Organized by MAGIC Grants

    Support the 2021 Defcon Cryptocurrency Village!

    To donate using cryptocurrencies, please click here. It may take a few hours for us to manually add your cryptocurrency donation to this fundraiser.

     

    MAGIC is supporting the Cryptocurrency Village at the Defcon cybersecurity conference this year. The Cryptocurrency Village will showcase the most exciting parts of the cryptocurrency community to thousands of conference attendees. The village is an important educational outreach opportunity, especially since many conference attendees specialize in security and privacy research and development. It is extremely important that we have knowledgeable and dedicated volunteers to answer questions about cryptocurrencies, and to have educational and promotional resources about cryptocurrencies and privacy.

     

    To help make the village a success, MAGIC is raising funds to support various costs associated with running the village. These include:

    • Educational booklets with important information about the village, cryptocurrencies, and privacy
    • Stickers to help attendees share their support for cryptocurrencies and privacy
    • Other miscellaneous swag and handouts that support cryptocurrencies and privacy
    • Village volunteer travel reimbursements for various expenses such as lodging, travel, and conference admissions

    Roughly, the expenses break down as follows:

    • Booklets and handouts: $5000
    • Volunteer travel reimbursement 1: $2500
    • Volunteer travel reimbursement 2: $1500
    • Volunteer travel reimbursement 3: $1300
    • Volunteer travel reimbursement 4: $1300
    • Volunteer travel reimbursement 5: $1000
    • Miscellaneous (storage, banners, tablecloths, etc): $1000
    • Processing fee and conversion fee coverage: $400

    We greatly appreciate your support of the Cryptocurrency Village at Defcon this year! Since MAGIC is a 501(c)(3) organization, your donation is tax deductible to the fullest extent allowable by law, no matter if you donate with credit/debit cards or with cryptocurrencies. This will be an unrestricted donation to simplify accounting.

     

    To donate using cryptocurrencies, please click here. It may take a few hours for us to manually add your cryptocurrency donation to this fundraiser.

    Village website: https://cryptocurrencyvillage.net

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    3 supporters
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About MAGIC Grants

EXPAND EDUCATION, SCIENTIFIC RESEARCH, PHILANTHROPY, AND COMMUNITY OUTREACH IN SUPPORT OF LITERACY IN FINANCIAL PRIVACY AS WELL AS PRIVACY INFRASTRUCTURE FOR THE PUBLIC GOOD. IT ADDITIONALLY ENCOURAGES RESEARCH AND EDUCATION IN CRYPTOCURRENCY TOPICS.

1942 BroadwayBoulder, CO 80302

Find MAGIC Grants at

Causes

Higher education, Philanthropy

Established

2020

Verified on GoFundMe

2021

Tax ID

82-5183590

NTEE code

Scholarships, Student Financial Aid, Awards

MAGIC Grants is a 501(c)(3) public charity, EIN 82-5183590. Donations are tax-deductible. Select content is provided by GuideStar.

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