Proposed by:
Requested amount:
0 DOT

#1319 · Treasury Proposal for Funding the JAMTON Project - Milestone 1

JAMTON is a cross-chain layer (parallelized layer 2) designed to connect the TON (The Open Network) ecosystem, with its 950 million Telegram users, to the Polkadot ecosystem. As a Polkadot parachain, JAMTON will facilitate seamless cross-chain communication, liquidity flow, and user interaction between the two ecosystems, enabling Polkadot-based projects to tap into the vast Telegram user base and liquidity.

JAMTON will act as a gateway, allowing TON projects and Telegram users to seamlessly engage with Polkadot's powerful infrastructure and decentralized applications.

Find out more details in the full proposal document.

How JAMTON Benefits the Polkadot Ecosystem:

  • User Growth & Engagement. JAMTON offers a direct bridge to Telegram users, providing easy entry into Polkadot through tools like Telegram Wallet and Mini Apps, boosting user engagement and ecosystem participation.
  • Increased Liquidity. By connecting Polkadot and TON ecosystems, JAMTON enables an inflow of liquidity from TON token holders into Polkadot-based projects, driving growth in Polkadot’s DeFi ecosystem and staking protocols.

Key Deliverables of the JAMTON Development

In this proposal, we plan to build the following core components of the JAMTON project:

  • JAMTON is an EVM-compatible Polkadot parachain with built-in AMM DEX, order book DEX and OpenGov.
  • JAMTON’s multi-chain liquid staking and restaking protocols connecting the TON and Polkadot ecosystems.
  • Simplified entry for TON users and liquidity into the Polkadot ecosystem.
  • Telegram Mini App for smooth interaction with JAMTON protocol and dApps.

The development roadmap is designed for 1 milestone (3 months). See detailed roadmap and deliverables in the full proposal document.

Deliverables already completed:

Funding Request

We are seeking a treasury allocation of 78,800 USDT to fund the development of Milestone 1 of the JAMTON project, a game-changing cross-chain solution that connects the Polkadot and TON ecosystems.

This amount will cover:

  • Development and deployment of JAMTON’s protocol (Milestone 1).
  • Infrastructure costs in the initial development phase of JAMTON.

We kindly request your support for this strategic initiative, which will position Polkadot as a more interconnected, liquid, and accessible ecosystem through the power of JAMTON.

See the full funding proposal for more details.

Read more
StatusDeciding · 26d
72%Nay
Aye (6)
15.75K DOT
Nay (16)
41.59K DOT
Decision1 / 28d
0.0%20.3%
16.2%Support Threshold
0Support Threshold
Support(0.00%)
≈ 13.18K DOT
Issuance
≈ 1.51B DOT
Vote
JAMTONNov 29
SuperDupont

Other questions:

1/ What type of DEX will JAMTON DEX be ?
Univ2 ?
Univ3 ?
Balancer ?
Other model ?

2/ You are talking about having:

1️⃣ Users get a liquid staked token - DOTON.
2️⃣ This staking is also liquid and for staking DOTONs users will get stDOTONs
So is it restaking here in the end ?
And what would be the purpose of restaking here ?

@SuperDupont 

1. JAMTON DEX will operate using a Uniswap V2 model. Additionally, the DEX will include farming functionality, enabling users to earn rewards by providing liquidity to the pools.

2. You're absolutely correct—users will receive DOTON after staking either TON or DOT tokens. DOTON acts as a derivative token that represents the staking systems of both TON and Polkadot. It is fully liquid, meaning users can transfer it between wallets, use it in liquidity pools, or participate in other DeFi applications within the Polkadot ecosystem. Beyond this, DOTON can also be further staked in a delegated Proof-of-Stake (dPoS) system on the JAMTON network to mint stDOTON, a second liquid token. This process indeed constitutes restaking in our view. Through this mechanism, assets from TON and DOT provide security, enhance decentralization, and support infrastructure expansion not only for their respective blockchains but also for the JAMTON network—this is the primary purpose of restaking. Thinking further, stDOTON, as a liquid token, could function as crypto-economic collateral in other decentralized protocols, such as oracle and keeper networks. For example, similar mechanisms can be found in EigenLayer (eigenlayer.xyz) and Utonic (utonic.org).

JAMTONNov 29
SuperDupont

Hello,
I tried to try your testnet: 

dApp: https://app.jamton.network


1. You can't connect any wallet
2. If you try to connect by email, you just have a black screen.

Is your testnet live and running ?

@SuperDupont 

Thanks for checking!

Our testnet is live and can be accessed at https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fton-l2-testnet-rpc.capitaldex.exchange%2Fparachain#/explorer. Though, the dApp interface is currently in private testing while we finalize wallet connections and runtime upgrades. Once this is complete, the dApp will be updated with the connected JAMTON Mainnet and will be available publicly. That includes launching as a Telegram Mini App (https://t.me/JamtonAppBot). Currently, we're rolling out new features every two weeks, toward completing full functionality by Q1 2025.

Early adopter registration is open at https://app.jamton.network, though wallet connection isn't available yet - we'll announce when full public access is ready!

JAMTONNov 29

@SuperDupont @Nicolares10 @1eTPAR2TuqLyidmPT9rMmuycHVm9s9czu78sePqg2KHMDrE @Pieky 

Thanks for feedback and questions. We will reply to everyone as soon as possible.

PiekyNov 29

I don’t understand why this couldn’t be part of other existing rollups. Am I missing something? For now, it’s a “nay” @KusDAO until convinced otherwise.

Nov 28

Given that the actual bridging will happen through two separate bridges that already function, why do you need a parachain for what you are doing?

As a user, can't I already use the TON<>ETH + ETH<>DOT bridge to bring liquidity over?

Nicolares10Nov 28

Hello,

Apologies is this was already stated in your full proposal but for some reason I can't access the link to it. So my questions are only based on the context written above:

— You mention you're going to connect both TON and Polkadot ecosystems. Can you provide more details on the architecture of this connection? What type of bridge or GMP will you be operating? Is this being built from scratch or will you be leveraging already existing solutions?
— One of your deliverables is going to be a AMM-DEX and Order Book DEX. Can you provide more details around this implementation of each? I'm curious as to why you would go through thr work of implementing both in parallel. Also, 12s blocktimes (as per Jamton explorer) is way to long for order books to work. Are you implementing these off chain? Lastly, why not use already existing DEXs that have already built liquidity?
— What's JAMTON multi-chain liquid staking? Which tokens are you making available and what are some of the parameters of these (i.e commisions, unbounding periods, nominator selections, etc). You also mentioned restaking; can you provide more details on what you mean by that? 

I appreciate the effort in breaking down your initial proposal into milestones, but I do need a bit more clarity on the implementation of your project as a whole to be able to form an educated opinion about it. 

Thanks in advance!

SuperDupontNov 28

You mention a governance token for your parachain:

"Users will be able to vote with DOTON tokens for different system-wise decisions like runtime upgrades, opening HRMP channels, adding external assets, changing system parameters and more."
So i understand that DOTON is your token.

Where are the tokenomics ?

I'm not sure we can fund a project having its own token, if we have no clue on the tokenomics.
Please clarify this point.

SuperDupontNov 28

Other questions:

1/ What type of DEX will JAMTON DEX be ?
Univ2 ?
Univ3 ?
Balancer ?
Other model ?

2/ You are talking about having:

1️⃣ Users get a liquid staked token - DOTON.
2️⃣ This staking is also liquid and for staking DOTONs users will get stDOTONs
So is it restaking here in the end ?
And what would be the purpose of restaking here ?

SuperDupontNov 28

[Deleted]

SuperDupontNov 28

Hello,
I tried to try your testnet: 

dApp: https://app.jamton.network


1. You can't connect any wallet
2. If you try to connect by email, you just have a black screen.

Is your testnet live and running ?

Powered by Subsocial