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+# Polaris Wallet 
+
+- **Team Name:** Montech Studios
+- **Payment Details:**
+  - **DOT**: 19MxtXUSBDnBDwVKUzHGLQ69daUwNHfMeUiqRgmfQ79S9NB
+- **Level:** Level 3
+
+
+## Project Overview :page_facing_up:
+
+### Overview
+
+- Polaris Wallet is a custodial wallet integrated with Polkadot’s Asset Hub, designed for non-crypto-native users. It facilitates seamless interactions with multiple parachains, offering functionalities such as yield farming, lending, borrowing, staking, and restaking across the Polkadot ecosystem.
+- Key Features
+Asset Hub Integration: Support for DOT, USDC, USDT, and other compatible assets.
+Parachain Interactions: Participate in DeFi services like yield farming, staking, and borrowing.
+Snowbridge Integration: Bridging assets from Ethereum (USDC, USDT) to Polkadot.
+Fiat-to-Crypto Conversion: On-ramp for fiat (USD, EUR) to crypto conversion.
+Multi-Platform Support: Responsive web application and potential mobile app development.
+Security & Compliance: Robust security measures and adherence to global regulations.
+
+Frontend: React
+Backend: Typescript, Rust, Substrate, Snowbridge integration
+Blockchain: Polkadot Substrate, Polkadot.js API
+
+### Project Details
+
+We expect the teams to already have a solid idea about your project's expected final state. Therefore, we ask the teams to submit (where relevant):
+
+- Mockups/designs: https://www.figma.com/design/MCHgoPbuSiweOuxucSHmyV/Polaris-Wallet?node-id=0-1&node-type=canvas&t=zVKWboFz72Ofh5ft-0
+- Data models / API specifications of the core functionality
+- Technology Stack: Frontend: React, WalletConnect, Backend: Rust, Substrate, Snowbridge integration, Blockchain: Polkadot Substrate, Polkadot.js API
+- Asset Hub Integration:
+Enable deposits and management of DOT and native stablecoins.
+Provide seamless access to all parachains linked to Polkadot’s Asset Hub.
+Actively searching for 3rd party custodial wallet provider within Polkadot ecosystem
+https://wiki.polkadot.network/docs/general/dune-analytics/interlay-dashboards
+- Snowbridge Integration:
+Accept Ethereum-based assets and automate the bridging process to Polkadot.
+Ensure the user experience is streamlined, minimizing manual steps.
+- Parachain Interaction:
+Enable users to participate in DeFi activities such as yield farming, lending, borrowing, and staking on various parachains.
+https://wiki.polkadot.network/docs/general/dune-analytics/hydration-dashboards
+https://wiki.polkadot.network/docs/general/dune-analytics/interlay-dashboards
+https://wiki.polkadot.network/docs/general/dune-analytics/polkadex-dashboards
+Create a secure and intuitive interface for interacting with these DeFi services.
+- Multi-Platform Support:
+Web Interface: Develop a responsive web application for desktop and mobile browsers.
+Potential Mobile App: Explore the feasibility of developing a mobile application for enhanced user experience.
+Seamless Fiat-to-Crypto Conversion: Users can easily convert traditional fiat currencies (e.g., USD, EUR) into supported crypto assets such as DOT, USDC, USDT directly to there Custodial AssetHub wallet. Integrated with a trusted payment processors, the fiat on-ramp offers multiple payment methods, including credit/debit cards, bank transfers, and third-party payment gateways.
+Real-Time Exchange Rates: The on-ramp feature provides real-time exchange rates for accurate and transparent conversions between fiat and cryptocurrency.
+- Security and Compliance:
+Implement robust security measures to protect user funds and personal information.
+Ensure compliance with relevant regulations across different jurisdictions.
+
+- Disclaimers
+- What your project is *not* or will *not* provide or implement
+  - Montech will Provide seamless access to 15 parachains linked to Polkadot’s Asset Hub in the PoC/MVP
+
+### Ecosystem Fit
+
+Help us locate your project in the Polkadot/Substrate/Kusama landscape and what problems it tries to solve by answering each of these questions:
+
+- Where and how does your project fit into the ecosystem?
+    - Polaris Wallet is designed to fit into the Polkadot ecosystem by integrating with Polkadot’s Asset Hub, enabling a seamless custodial management of DOT and stablecoins. It provides multi-parachain support, allowing users to interact with DeFi services such as staking, lending, borrowing, and yield farming. The project leverages Snowbridge to bridge Ethereum-based assets into the Polkadot ecosystem, offering a smooth user experience for non-crypto-native users. By providing a custodial wallet with user-friendly interfaces and fiat on-ramps, Polaris Wallet helps onboard new users to the Polkadot ecosystem who may not have extensive blockchain experience, thereby broadening Polkadot’s user base.
+- Who is your target audience (parachain/dapp/wallet/UI developers, designers, your own user base, some dapp's userbase, yourself)?
+    - Non-Crypto-Native Users: Individuals who are new to cryptocurrencies and are looking for an easy-to-use wallet solution. Parachain Developers: Developers building DeFi applications within Polkadot and parachains. DeFi Users: Users who want to participate in yield farming, lending, borrowing, and staking activities across Polkadot’s parachains.
+- What need(s) does your project meet?
+    - Polaris Wallet addresses several key needs: Ease of Use: Many non-crypto-native users find existing wallets difficult to use. Polaris simplifies crypto asset management through a custodial solution with a streamlined UI/UX. Cross-Chain Asset Management: Polaris offers bridging solutions (via Snowbridge) to seamlessly transfer assets from Ethereum to Polkadot, reducing the complexity of cross-chain interactions.
+      DeFi Access: Users can access staking, yield farming, and other DeFi activities directly from the wallet, making it a one-stop solution for DeFi participation on multiple parachains.
+      Fiat-to-Crypto On-Ramp: It simplifies the conversion of fiat to crypto (e.g., USD to DOT or USDT) by integrating trusted payment processors for seamless transactions.
+      Security & Compliance: Polaris ensures that users' assets are securely managed and complies with necessary regulations across jurisdictions.
+- How did you identify these needs? Please provide evidence in the form of (scientific) articles, forum discussions, case studies, or raw data.
+    - 
+- Are there any other projects similar to yours in the Substrate / Polkadot / Kusama ecosystem?
+  - Yes, there are a few similar projects:
+      Subwallet: A browser extension wallet for managing Polkadot and Kusama assets. However, Subwallet focuses more on non-custodial services, whereas Polaris provides a custodial wallet for non-crypto-native users.
+      Polkadot-JS Wallet: A powerful, developer-focused tool for interacting with the Polkadot network, but it lacks the user-friendly custodial and fiat-to-crypto features that Polaris offers.
+      
+      https://docs.celo.org/developer/build-on-minipay/overview
+      https://www.opera.com/products/minipay
+      https://medium.com/@velocity-labs/introducing-turtle-a-frictionless-cross-chain-token-transfer-solution-c0b50e1d0a30
+    
+      How Polaris is Different:
+      Polaris differentiates itself by offering a custodial solution with a simple, intuitive interface targeting non-crypto-native users. It also integrates Snowbridge for cross-chain asset management, which is not a feature in other Polkadot-native wallets.
+- Are there any projects similar to yours in related ecosystems? 
+
+## Team :busts_in_silhouette:
+
+> Please note that the data provided in this section is for administrative and informational purposes only. All beneficiaries of a grant must also be listed in the KYC/KYB process during the application phase. See our [FAQ](https://grants.web3.foundation/docs/faq#what-is-kyckyb-and-why-do-i-have-to-provide-this-data) for more info.
+
+### Team members
+
+- Technical Lead: Olumide Akinwande
+- Chief Architect: Brian Dawson
+UI/UX Designer: 1 UIUX designer
+Frontend Developers: 2 
+Backend/Rust Developers: 2 
+QA Engineer: 1 
+Support Staff: Post-launch support and maintenance team
+
+### Contact
+
+- **Contact Name:** Olumide Akinwande
+- **Contact Email:** Contact email (admin@montech.io)
+- **Website:** montech.io
+
+### Legal Structure
+
+- **Registered Address:** Not Registered
+- **Registered Legal Entity:** Not Registered
+
+### Team's experience
+
+Here is a list of projects built by the Montech Team  - https://drive.google.com/file/d/14pfbFONKriF7TxTvHwFst-R_Fnp4g61O/view?ts=66bcb99d
+We have not applied for a grant before
+
+### Team Code Repos
+
+- https://github.com/Montech-Studios-INC
+- Most projects are private
+
+Please also provide the GitHub accounts of all team members. If they contain no activity, references to projects hosted elsewhere or live are also fine.
+Case Study Document
+- https://drive.google.com/file/d/14pfbFONKriF7TxTvHwFst-R_Fnp4g61O/view?ts=66bcb99d
+
+### Team LinkedIn Profiles (if available)
+
+- https://www.linkedin.com/in/oluakinwande/
+- https://www.linkedin.com/in/bvdawson/
+
+
+## Development Status :open_book:
+
+If you've already started implementing your project or it is part of a larger repository, please provide a link and a description of the code here. In any case, please provide some documentation on the research and other work you have conducted before applying.
+- https://docs.google.com/document/d/11SL_CjCBApTa3UPj9Hii4kLIcXaPO8nwVmraYyw0XHM/edit
+- Preliminary Designs - https://www.figma.com/design/MCHgoPbuSiweOuxucSHmyV/Polaris-Wallet?node-id=0-1
+
+## Development Roadmap :nut_and_bolt:
+
+### Overview
+
+- **Total Estimated Duration:** Duration of the whole project - 6 Months
+- **Full-Time Equivalent (FTE):**  6 FTE  
+- **Total Costs:** Requested amount in USD for the whole project is 90,000 USD 
+- **DOT %:** Percentage of Total Costs to be paid in (vested) DOT (50%)
+
+### Milestone 1  — Research & Planning
+
+- **Estimated duration:** 1 month
+- **FTE:**  3
+- **Costs:** 16,250 USD
+
+> :exclamation: **The default deliverables 0a-0d below are mandatory for all milestones**, and deliverable 0e at least for the last one.
+
+| Number | Deliverable | Specification |
+| -----: | ----------- | ------------- |
+| **0a.** | License | Apache 2.0. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#license) for details. |
+| **0b.** | Documentation | We will provide both **inline documentation** of the code and a basic **tutorial** that explains how a user can (for example) spin up one of our Substrate nodes and send test transactions, which will show how the new functionality works. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#documentation) for details. |
+| **0c.** | Testing and Testing Guide | Core functions will be fully covered by comprehensive unit tests to ensure functionality and robustness. In the guide, we will describe how to run these tests. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#testing-guide) for details. |
+| **0d.** | Docker | We will provide a Dockerfile(s) that can be used to test all the functionality delivered with this milestone. |
+| **0e**  |We will provide an article summarizing the innovations introduced during the development of Polaris Wallet. This article will be published on Medium.
+| **1.a** |Final list of parachains and DeFi services to integrate.
+| **1.b** |Architecture and technical approach defined.
+
+
+### Milestone 2  — Design & Prototyping
+
+- **Estimated Duration:** 1 month
+- **FTE:**  5
+- **Costs:** 20,000 USD
+
+| Number | Deliverable | Specification |
+| -----: | ----------- | ------------- |
+| **0a.** | License | Apache 2.0. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#license) for details. |
+| **0b.** | Documentation | We will provide both **inline documentation** of the code and a basic **tutorial** that explains how a user can (for example) spin up one of our Substrate nodes and send test transactions, which will show how the new functionality works. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#documentation) for details. |
+| **0c.** | Testing and Testing Guide | Core functions will be fully covered by comprehensive unit tests to ensure functionality and robustness. In the guide, we will describe how to run these tests. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#testing-guide) for details. |
+| **0d.** | Docker | We will provide a Dockerfile(s) that can be used to test all the functionality delivered with this milestone. |
+| **0e**  |Complete UI wireframes and design prototypes.
+| **1.a** |Feedback incorporated. https://www.figma.com/design/MCHgoPbuSiweOuxucSHmyV/Polaris-Wallet?node-id=0-1
+
+
+### Milestone 3 — Development (Midpoint)
+
+- **Estimated Duration:** 1 month
+- **FTE:**  5
+- **Costs:** 20,000 USD
+
+| Number | Deliverable | Specification |
+| -----: | ----------- | ------------- |
+| **0a.** | License | Apache 2.0. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#license) for details. |
+| **0b.** | Documentation | We will provide both **inline documentation** of the code and a basic **tutorial** that explains how a user can (for example) spin up one of our Substrate nodes and send test transactions, which will show how the new functionality works. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#documentation) for details. |
+| **0c.** | Testing and Testing Guide | Core functions will be fully covered by comprehensive unit tests to ensure functionality and robustness. In the guide, we will describe how to run these tests. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#testing-guide) for details. |
+| **0d.** | Docker | We will provide a Dockerfile(s) that can be used to test all the functionality delivered with this milestone. |
+| **0e**  | We will integrate the ability to manage DOT and stablecoins on Polkadot's Asset Hub, providing full support for deposits, transfers, and withdrawals. https://wiki.polkadot.network/docs/general/dune-analytics/assethub-dashboards
+| **1.a** | Integrate Snowbridge to enable seamless bridging of assets from Ethereum (e.g., USDC, USDT) to Polkadot’s network. https://docs.snowbridge.network/architecture/components
+| **1.b** | Enable users to engage with DeFi services like yield farming, staking, lending, and borrowing across multiple Polkadot parachains. https://wiki.polkadot.network/docs/general/dune-analytics/interlay-dashboards
+
+
+### Milestone 4 — Development (Completion)
+
+- **Estimated Duration:** 1 month
+- **FTE:**  5
+- **Costs:** 16,250 USD
+
+| Number | Deliverable | Specification |
+| -----: | ----------- | ------------- |
+| **0a.** | License | Apache 2.0. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#license) for details. |
+| **0b.** | Documentation | We will provide both **inline documentation** of the code and a basic **tutorial** that explains how a user can (for example) spin up one of our Substrate nodes and send test transactions, which will show how the new functionality works. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#documentation) for details. |
+| **0c.** | Testing and Testing Guide | Core functions will be fully covered by comprehensive unit tests to ensure functionality and robustness. In the guide, we will describe how to run these tests. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#testing-guide) for details. |
+| **0d.** | Docker | We will provide a Dockerfile(s) that can be used to test all the functionality delivered with this milestone. |
+| **0e**  | Implement custodial authentication for users, allowing secure and easy access to their Polaris Wallet accounts.
+| **1.a** | Implement non-custodial authentication for advanced users who prefer to maintain full control of their keys and assets.
+| **1.b** | Develop a fiat-to-crypto conversion feature, enabling users to convert fiat currencies (e.g., USD, EUR) into supported crypto assets directly into their custodial wallet. https://www.moonpay.com/buy/dot
+| **1.c** | Implement real-time exchange rates to provide users with accurate and transparent conversion rates when converting fiat to crypto.
+| **1.d** | Comprehensive documentation I | We will provide comprehensive documentation for developers - on how to start the application and different functions overview (Via GitHub pages) |
+| **1.e** | Comprehensive documentation II | We will provide comprehensive documentation for users - on how to create a Polkadot wallet, how to use the application, and a basic application overview (Via Github pages) |
+
+
+### Milestone 5 — Testing & QA
+
+- **Estimated Duration:** 1 month
+- **FTE:**  5
+- **Costs:** 10,000 USD
+
+| Number | Deliverable | Specification |
+| -----: | ----------- | ------------- |
+| **0a.** | License | Apache 2.0. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#license) for details. |
+| **0b.** | Documentation | We will provide both **inline documentation** of the code and a basic **tutorial** that explains how a user can (for example) spin up one of our Substrate nodes and send test transactions, which will show how the new functionality works. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#documentation) for details. |
+| **0c.** | Testing and Testing Guide | Core functions will be fully covered by comprehensive unit tests to ensure functionality and robustness. In the guide, we will describe how to run these tests. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#testing-guide) for details. |
+| **0d.** | Docker | We will provide a Dockerfile(s) that can be used to test all the functionality delivered with this milestone.
+| **0e**  | Conduct comprehensive unit and integration tests to ensure all functionalities work as intended across various platforms.
+| **1.a** | Complete UAT to ensure that the wallet provides a smooth and user-friendly experience for non-crypto-native users.
+
+
+
+- ### Milestone 6 — Deployment & Launch
+
+- **Estimated Duration:** 2
+- **FTE:**  4
+- **Costs:** 7,500 USD
+
+| Number | Deliverable | Specification |
+| -----: | ----------- | ------------- |
+| **0a.** | License | Apache 2.0. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#license) for details. |
+| **0b.** | Documentation | We will provide both **inline documentation** of the code and a basic **tutorial** that explains how a user can (for example) spin up one of our Substrate nodes and send test transactions, which will show how the new functionality works. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#documentation) for details. |
+| **0c.** | Testing and Testing Guide | Core functions will be fully covered by comprehensive unit tests to ensure functionality and robustness. In the guide, we will describe how to run these tests. See the [delivery guidelines](https://grants.web3.foundation/docs/Support%20Docs/milestone-deliverables-guidelines#testing-guide) for details. |
+| **0d.** | Docker | We will provide a Dockerfile(s) that can be used to test all the functionality delivered with this milestone. |
+| **0e**  | Establish Plan for ongoing maintenance
+
+
+## Future Plans
+
+
+Polaris Wallet’s long-term maintenance and development will be financed through a combination of the following approaches:
+Subscription & Service Fees: The wallet will offer premium services such as advanced DeFi interactions, cross-chain asset management, and staking, which may involve a subscription model for power users or institutions.
+Transaction Fees: A small percentage fee will be charged on transactions involving asset bridging, yield farming, and fiat-to-crypto conversions. This will provide a sustainable revenue stream for maintaining and upgrading the wallet.
+Enterprise Solutions: Polaris Wallet plans to offer customized solutions for enterprises and financial institutions looking to integrate custodial wallet solutions into their offerings. This B2B revenue model will help finance ongoing development.
+Ecosystem Grants: We intend to apply for additional grants from the Polkadot Treasury, Web3 Foundation, and other blockchain ecosystems to support future feature development, security audits, and scaling efforts.
+Strategic Partnerships: Partnering with major platforms and projects within the Polkadot and Ethereum ecosystems to develop co-branded features will help finance both maintenance and future upgrades.- how you intend to use, enhance, and promote your project in the short term, and
+
+Expansion of DeFi Services: In the long term, we plan to integrate more DeFi protocols and parachains within the Polkadot ecosystem to provide users with a wider range of investment opportunities and financial services directly from the wallet.
+Mobile App Launch: After the web wallet is fully functional, we intend to expand to mobile platforms (iOS and Android), offering users greater flexibility in managing their crypto assets on the go.
+Cross-Ecosystem Interoperability: We aim to make Polaris a cross-chain wallet by integrating other leading blockchain ecosystems such as Solana, Avalanche, and Binance Smart Chain, allowing users to manage assets across multiple chains from a single interface.
+Compliance & Security: As the platform scales, we will continuously improve our security infrastructure and ensure compliance with global regulations, building trust with institutional users and enterprises.
+Global Adoption: Our long-term goal is to position Polaris Wallet as a leading custodial wallet in the blockchain space, onboarding millions of non-crypto-native users globally. This will be achieved through strategic partnerships, product improvements, and expanding into new markets.
+
+## Referral Program (optional) :moneybag:
+
+You can find more information about the program [here](../README.md#moneybag-referral-program).
+
+- **Referrer:** Velocity Labs
+- **Payment Address:** NA
+
+## Additional Information :heavy_plus_sign:
+
+**How did you hear about the Grants Program?** Velocity Labs.
+- Work you have already done.
+Case Study of Projects built by Montech Studios - https://drive.google.com/file/d/14pfbFONKriF7TxTvHwFst-R_Fnp4g61O/view?ts=66bcb99d
+
+- If there are any other teams who have already contributed (financially) to the project. NA
+- Previous grants you may have applied for. NA