**Short description**

The [CryptoLab](https://www.cryptolab.network) aims to help non-technical nominators build stable and risk-controlled cash flows via well-designed and financial tools. The core idea is that we want to make staking the same as an investment. Therefore, we help nominators to build good portfolios and to manage their portfolios to control risk and revenue. Portfolio management is challenging in Polkadot/Kusama system because they are NPoS consensus.

We design the CryptoLab website to help users to do their cryptocurrency financial management. Our goal is to make staking comprehensive to people who may not be yet familiar with blockchain, from basic wordings to data representation. We plan to provide the following features in this stage,

- Portfolio Benchmark

- Portfolio Management

Portfolio Benchmark helps nominators to evaluate which validators they should stake on. They can simply choose and nominate from our pre-built strategies or set their conditions on different criteria to get a list of validators. And it is just the first step.

The real difference that makes CryptoLab outstanding is Portfolio Management. We want to help nominators track their revenue and suggest new sets of validators according to the criteria they set. In addition, we want to maintain nominators make adjustments in time to prevent profit loss by notifying them when a validator increased its commission or when a validator is being slashed.

The CryptoLab staking website supports both Polkadot and Kusama networks. Please note that this proposal is only for milestone 1 on Kusama. We will submit the milestone 2 & 3 to the Polkadot Treasury once we finish the milestone 1.

Please look at our [full proposal](https://github.com/cryptolab-network/cryptolab-staking-treasury-proposal) for more detailed information. Feedback would be greatly appreciated. Thank you.

After completing milestone one and launching the CryptoLab Staking website, the team submitted the second and final treasury proposal to achieve the website. 

* The report for milestone one can be found [here](https://kusama.polkassembly.io/treasury/97#c6d6a68b-4b23-4580-8cdb-71e9faf6b51e). 
* Please see the details of the 2nd and 3rd milestones on the [full proposal](https://github.com/cryptolab-network/cryptolab-staking-treasury-proposal).
* This second proposal also includes another half the operating costs (3000 USD) to maintain the website on AWS.
* The total amount would be 14,250 (2nd) + 7,500 (3rd) + 3,000 (operation) = 24,750 USD
* DOT rate: 43.39 USD based on EMA30 by Subscan on 11.24.2021

amount

beneficiary

- CryptoLab is a website that helps people manage their cryptocurrency investments.
- They want to make staking (investing) in Polkadot and Kusama easy for everyone.
- They have completed the first milestone and are now asking for funding for the second and third milestones.
- The total amount they are asking for is $24,750.
- The DOT rate is $43.39.

#75 Treasury Proposal - CryptoLab Staking Website (milestone 2&3)

No Active Proposals