Mesh Security - OGP
Team: Myles O'Neil
Amount Approved: $65,000
Status: In Progress

Mesh Security – OGP

Mesh Security aims to foster economic alignment and coordination among appchains. In a concept that could be coined as cross-chain staking, token holders will be able to stake across different chains, earning rewards from each chain’s security and fostering bidirectional security enhancement between chains.

Unlike Replicated Security and Opt-in Security, Mesh Security mandates consumer chains to maintain their own validator sets, making it a nuanced option for new chains but appealing to those with established validator sets.

At its core, Mesh Security encourages interchain collaboration, setting the stage for mutual rewards and benefits, and reinforcing ties within the ecosystem.Among its biggest challenges, are potential nuances in cross-staking multiple tokens and chains, validator selection, implementing a robust penalty mechanism, and crafting an intuitive UI/UX design.

Team: Myles O'Neil
Current Status: In Progress
Funding Program: Regular Grants
Funding Category: Interchain Security

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $65,000
Amount Approved: $65,000 (100%)
Amount Paid: $0 (0%)

Date Applied: Apr 04, 2024
Date Approved: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Nov 04, 2023 (21 weeks)

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