Proposal: Development Grant for Modulo Labs for the support and maintenance of Panther V1.
This proposal seeks DAO approval to allocate a development grant to Modulo Labs LLC, WY USA for the continued development and maintenance of the Panther Protocol V1 core codebase. The grant will cover a 1 year period, ensuring the DAO retains reliable and professional technical stewardship over its protocol operations.
Background
Panther Protocol V1 was developed by the team behind Panther Ventures Limits ( PVL). The IP was then transitioned to a Swiss-based Panther Protocol Foundation with the mission to foster long term success of the Panther ecosystem.
Panther Protocol Foundation open sourced the codebase under the LGPL3.0 and MIT license in Gitlab and Github
Governance of the protocol will remain the responsibility of the Panther DAO, ensuring a decentralized model for decision making and ongoing development.
It is crucial for the DAO to secure long-term, structured development support for the Panther. Modulo Labs has been an active and trusted contributor in testing and fixing bugs since the transition to Panther Foundation, demonstrating the technical expertise and continuity required to maintain protocol stability and to support new features aligned with community priorities.
Grant Policy
Panther Protocol Foundation has drafted a grant policy that articulates the engagement model and the responsibility of each party in supporting the codebase. ( posted above)
In summary;
Modulo Labs will contribute to open source development and its role is restricted to providing Research, Coding, Testing and Publishing the code to the Foundation’s public Gitlab Repository. Modulo Labs will not be engaged in deployment or operating any portion of the protocol.
Deliverables (On-going support grant)
- Open-source UI/frontend code improvements (published only, no hosting).
- SDKs, developer tooling, and test frameworks.
- Smart contract research, bug fixes, and specifications (not deployed on-chain).
- Documentation, PiPs, and technical notes.
- QA testing, audits, and ecosystem feedback.
Steering Protocol:
- Specific deliverables will be agreed monthly in consultation with the DAO Council (or other designated DAO body).
- The Foundation may highlight DAO Council priorities and provide non-binding
recommendations, but shall not issue binding instructions.
- Modulo Labs will act in an independent capacity when engaging with the DAO Council.
Additional Resources:
Modulo Labs may provide additional resources, such as ZK Engineers and Researchers, on an as-needed basis for specific enhancements or projects approved by the DAO Council.
Continuity of Service:
This grant provides continuity of support and baseline contributions. Larger initiatives or specific requirements will be structured as separate proposals and funded accordingly.
Proposal
This proposal requests a grant to Modulo Labs LLC for a 12-month program of open-source development and maintenance contributions to Panther Protocol. The grant will support ongoing code improvements, tooling, documentation, and testing, all in compliance with both Modulo Labs LLC and the Foundation’s non-operational framework.
Funding requested: 16,950 USDC/month (total 203,400 USDC for 12 months)
If approved, Modulo will enter into a Grant Agreement with the Foundation consistent with the Foundation’s Grant Policy.
Evaluation
- Weekly public progress reports (via GitHub, forums, or DAO Council updates).
- Monthly review of deliverables agreed with the DAO Council.
- Code and documentation published to public repositories.
- Feedback from the DAO Council.
- Final report at the end of the grant period.
Duration
12 months (from 1 September 2025).
Budget
Estimated allocation of roles and hours (indicative):
- Architect – dApp (Senior): ~20 hrs/month
- dApp Developer (Senior): ~80 hrs/month
- dApp Developer (Junior): ~80 hrs/month
- Smart Contract Developer (Senior): ~80 hrs/month
- Smart Contract Developer (Junior): ~80 hrs/month
- Project Manager (Mid): ~60 hrs/month
- Tester (Senior): ~60 hrs/month
Total Monthly Grant: 16,950 USDC
Total for 12 months: 203,400 USDC Funds disbursed monthly
Legal Note
- Modulo Labs acts independently and not on behalf of the Foundation.
- Outputs will be non-operational and open-source.
- No deployment, hosting, custody, or upgrades of Panther infrastructure will be performed.
- Deliverables are steered through consultation with the DAO Council, with the Foundation in a facilitative (non-directive) role.