Dear Community,

Building on your valuable feedback from our previous proposal #1680, we’ve made revisions to better reflect your input and expectations.

• The budget has been reduced from $1,073,400 to $795,500
• This reduction was achieved by narrowing the scope of work: the Unified Account feature is not included in this proposal

 Review the full proposal with a detailed cost breakdown:

I. Context of the Proposal

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This proposal seeks funding from the Polkadot Treasury for SubWallet, covering the accomplished work of SubWallet Browser Extension, SubWallet Mobile App and SubWallet WebApp during the period from Aug 2024 to Mar 2025.

For full details about our all milestones and progress, please refer to the links below:

• https://github.com/Koniverse/SubWallet-Extension/milestones?state=closed
• https://github.com/Koniverse/SubWallet-Mobile/milestones?state=closed
• https://github.com/Koniverse/SubWallet-ChainList/milestones?state=closed

II. What is SubWallet?

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SubWallet is the leading comprehensive non-custodial wallet for the Polkadot and Kusama ecosystems. With the mission of bringing crypto users closer to the Polkadot & Kusama ecosystems and opening the Web3 universe, we envision a wallet in which users can track, send, receive, stake, contribute to crowdloans, and manage multi-chain assets with utmost ease and security.

SubWallet has the most comprehensive product suite in the Polkadot ecosystem on all popular platforms. SubWallet allows users to seamlessly sync their accounts between all platforms.

• 🧩 Browser Extension: Available on Google Chrome, Brave, Firefox, and Microsoft Edge.
• 📱 Mobile App: Available on iOS and Android. Use it anywhere on the go.
• 🌐 WebApp: Explore a comprehensive dashboard for asset management and diverse blockchain activities without installations.

III. What has SubWallet achieved?

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The SubWallet team started building in November 2021. Since then, we have been highly focused on building fast and efficiently. New product updates are released on a weekly basis. Below are our achievements by the numbers:

Tractions:

• ⛓️‍💥 150+ networks supported (relay chains, parachains & solochains) in the Polkadot & Kusama ecosystem
• 👤 ~2,000,000+ installs and 1,000,000+ active users & devices from 100+ countries
  • 🧩 Browser Extension: Chrome Store & Firefox Store
    • 700,000+ total installs
    • 300,000+ weekly users in the past 12 months
  • 📱Mobile: Android & iOS
    • Android: 605,801+ downloads
    • iOS: 660,000+ downloads
  • 🌐 WebApp: https://web.subwallet.app/
    • 3,000,000 total views and 500,000+ active user in 2024
    • 426,000 active users (from March 2024 to March, 2025)
• Detailed figures with screenshots from the stores
• ~60,000 community members on Twitter, Telegram, and Discord
  • Twitter: ~42,700+ followers
  • Discord: 8,000+ members
  • Telegram: 4,400+ members
• 🎓 A graduate of the Polkadot Alpha Program (previously Substrate Builders’ Program)
• 🤝 Working with 150+ teams in the ecosystem with the ultimate goal of bringing the best UI/UX for users
• ✅ SubWallet on Polkadot Community Calls
  • in August 2022: Link
  • in April 2023: Link
  • in June 2023: Link

Key features:

• 🔐 Manage multiple seed-phrase accounts with only 1 master password
• 🌉 Built-in XCM transfer with a super easy experience
• ✅ Manage multi-chain assets (tokens & NFTs) with a token-centric experience
• ✅ View multi-chain transaction history
• ✅ Stake in-app: Nominate Stake, Nomination Pool Stake and Liquid Stake
• ✅ Support all types of hardware wallet: Ledger, Keystone, Polkadot Vault
• ✅ MetaMask & Polkadot JS compatibility
• ✅ Support EVM chains and Polkadot SDK-based chains.
• ✅ Support Substrate Connect - Light Client
• ✅ Swap in a snap with 200+ swap pairs on Hydration in SubWallet
• ✅ One Click, One Transaction — Seamless Cross-Chain Swaps
• ✅ 1-Click Cross-Chain Liquid Staking
• ✅ Manage crowdloan portfolio
• ✅ Support fiat on-ramp: Transak, Banxa, Coinbase Pay, Meld
• ✅ Seamless Crypto-to-Fiat Conversion, Including DOT, KSM, GLMR, MOVR & More
• ✅ Support WalletConnect V2
• ✅ Support USDT & USDC on Polkadot AssetHub
• ✅ And much more: https://docs.subwallet.app/main/

IV. Why should SubWallet be supported?

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1. The wallet plays a crucial role in a blockchain ecosystem
   A blockchain wallet serves as a cornerstone for any thriving ecosystem, comparable to a browser in the realm of the internet. Without a functional blockchain wallet, users have no access to ecosystem features and applications, which hinders the ecosystem's potential for growth. Therefore, the wallet is an important infrastructure for the ecosystem that should receive support for its development.

2. SubWallet team is committed to efficient treasury spending
   We have been highly focused and committed to building products and shipping new features. We consistently prioritize product delivery and gaining traction, ensuring that what we build contributes tangible value to the ecosystem before seeking any funding. In other words, we always apply for retroactive funding. This has set a standard for other teams to follow our approach, and as a result, foster greater efficiency in treasury spending.

3. SubWallet team makes a comprehensive contribution to Polkadot ecosystem growth
   In addition to our proficiency in product development, we possess robust marketing and sales capabilities. We are capable of effectively bringing our products to market and expanding our user base, rather than building a product with very few users. We firmly believe that we have actively contributed to the growth of the ecosystem, making it more vibrant and robust.

V. What problems have SubWallet solved in this proposal?

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A. Unified solutions to reduce fragmentation

✅ Unified Address Format

🎉 Managing multiple address formats across the Polkadot ecosystem can be a frustrating and fragmented experience for users. To address this challenge, we’ve partnered with the Polkadot UX Bounty team to introduce the Unified Address Format in our extension version 1.3.22. This update enhances the wallet experience by providing:

🎯 Simplified user experience
🎯 Consistency across ecosystems
🎯 Improved ecosystem usability

Announcement:

• https://x.com/Polkadot/status/1897776373197897883
• https://x.com/subwalletapp/status/1897627931742261472

B. Enhance real-life usability

✅ Seamless Dynamic Ramp Orchestration with Meld

Say goodbye to the hassle of managing multiple token types when performing On-ramp transactions! SubWallet, in collaboration with the DeFi Bounty program, introduces Dynamic Ramp Orchestration, allowing users to seamlessly access six leading On-ramp solutions—Banxa, Coinbase, Binance, Transak, PayPal, and Unlimit—all from a single, unified interface.

This solution supports 45 countries, 16 fiat currencies, 699 cryptocurrencies, and 15 payment methods, making asset onboarding more efficient and accessible than ever. 🚀

Announcements:

• https://x.com/subwalletapp/status/1905622194971144678

✅ Seamless Crypto-to-Fiat Conversion via VISA, MasterCard, SEPA

Beyond just On-ramp services for converting fiat to crypto, Off-ramp capabilities—allowing users to convert crypto back to fiat—are equally essential. Recognizing this need, SubWallet becomes the first wallet in the ecosystem to offer a seamless Crypto-to-Fiat conversion experience for supported tokens.

With just a few clicks, users can cash out 23 tokens, including DOT, ETH, GLMR, and KSM, directly into fiat via VISA, Mastercard, SEPA Bank Transfer, and Faster Payments.

This feature is now available on the SubWallet web dashboard, powered by our integration with Transak. 🚀

Announcement: https://x.com/subwalletapp/status/1861007154989392183

C. UX improvements to reduce complexity

✅  1-Click Cross-Chain Liquid Staking for DOT on Polkadot with Bifrost

Liquid staking has never been easier! With SubWallet, users can now stake their DOT on Polkadot directly to the Bifrost protocol in just one click, bringing a seamless multichain experience that feels as simple as staking on a single blockchain.

This streamlined process not only helps secure the network but also enables users to earn rewards while receiving vDOT (derivative DOT) at the same time, maximizing their staking potential effortlessly. 🚀

Announcements:

• https://x.com/subwalletapp/status/1899863006802305156

✅ Seamless Transactions with Custom Gas Tokens

Custom gas tokens revolutionize the transaction experience by allowing users to pay fees with any supported token, eliminating the need to hold native tokens. This is a major breakthrough in the Polkadot ecosystem, making it easier than ever for users to engage with dApps and services.

At SubWallet, we’ve quickly integrated this feature into transfer and swap functionalities on Polkadot Asset Hub and Hydration, ensuring a frictionless user experience.

• From SubWallet Extension v1.3.19, users can cover gas fees on Polkadot Asset Hub with their favorite tokens, including DOT, USDT, USDC, MYTH, PINK, WETH, STINK, PEPE, and more.
• From SubWallet Extension v1.3.24, the feature expands to Hydration, allowing users to customize gas payments with over 20 assets, such as DOT, vDOT, vASTR, USDT, USDC, MYTH, PHA, GLMR, UNQ, SUB, KILT, SOL, and more.

This upgrade enhances flexibility, improves accessibility, and eliminates barriers for users transacting within the Polkadot ecosystem. 🚀

Announcements:

• https://x.com/subwalletapp/status/1894363758329565370
• https://x.com/subwalletapp/status/1902318021642969336

✅ Stay Updated with In-App Notifications on SubWallet

Never miss an important update! SubWallet's in-app notification system keeps you informed about transaction statuses, staking updates, governance proposals, and more—all within the wallet interface. Easily manage your notifications, customize preferences, and stay in control of your on-chain activities without leaving SubWallet. 🚀

Function instruction: https://docs.subwallet.app/main/extension-user-guide/getting-started/manage-in-app-notifications#supported-in-app-notifications

D. Enhance commercial capabilities, asset conversion and connectivity

✅ One Click, One Transaction – Seamless Cross-Chain Swaps for DOT

Effortlessly swap native DOT cross-chain to USDT, USDC, and ETH on Ethereum, as well as USDC and ETH on Arbitrum—all in just one click.

Interoperability and asset conversion are key to expanding the Polkadot ecosystem and attracting users from Ethereum, the largest blockchain ecosystem today. To bridge this gap, SubWallet has pioneered a seamless one-click swap solution, enabling users to convert assets between Polkadot and other major ecosystems with ease.

With this feature, users can swap ETH or stablecoins for DOT and vice versa, without the need for manual bridging or multiple steps. This streamlined experience eliminates friction, making it easier than ever to onboard new users into the Polkadot ecosystem. SubWallet is leading the way in bringing this next-level convenience to the community. 🚀

Announcement:

• https://x.com/Polkadot/status/1846513254123864082
• https://x.com/subwalletapp/status/1846199105896566808

✅ One click, one transaction — swap native DOT cross-chain to TAO on Bittensor

Following our Ethereum integration, we’re expanding the ability to connect and convert assets from Polkadot to Bittensor, a leading AI blockchain built on the Polkadot SDK. With this update, users can now enjoy an effortless one-click swap between DOT and TAO, enhancing the overall cross-chain experience with simplicity and speed. 🚀

Announcement:

• https://x.com/subwalletapp/status/1871170160251621864

✅ Swap in a snap with 200+ swap pairs on Hydration in SubWallet

Asset conversion is a cornerstone of any blockchain ecosystem, and Hydration serves as the only AMM for all assets within the Polkadot ecosystem, making it the primary liquidity hub for the network. Recognizing the importance of seamless asset swaps, we’ve swiftly integrated over 200 swap pairs into SubWallet, empowering users to easily convert their assets through Hydration. With this feature, users can effortlessly exchange their assets, ensuring a smooth and efficient experience across the ecosystem. 🚀

Announcement:

• https://x.com/Polkadot/status/1851263388338241902
• https://x.com/subwalletapp/status/1851111838425256044

✅ One Click, One Transaction — Seamless Cross-Chain Swaps Between System Chains and Parachains

SubWallet goes beyond the traditional single-chain swap experience by pioneering a 1-click cross-chain swap for assets within the Polkadot ecosystem. Leveraging Hydration and Polkadot Asset Hub, users can now easily convert assets across system chains and parachains, transforming what used to be a complex multichain process into a seamless, single-chain-like experience.

With this feature, SubWallet offers the most comprehensive asset conversion solution in the Polkadot ecosystem, allowing users to manage and convert assets with incredible flexibility and ease.

Now, users can effortlessly swap assets in just a few simple steps:

• Between Polkadot ecosystem chains
• Between Polkadot and Ethereum
• Between Polkadot and other emerging ecosystems

SubWallet is at the forefront of simplifying asset conversion and enhancing cross-chain interoperability. 🚀

Announcement:

• https://x.com/subwalletapp/status/1906689860070740448

E. Other Features & Development

Committed to Excellence: Enhancing UI/UX for the Polkadot and Kusama Communities. Driven by our mission to deliver the best UI/UX for the Polkadot and Kusama communities, we maintain close engagement with our users and partners. We prioritize continuous improvement and frequent updates, ensuring that our ecosystem evolves with the needs of our users. This commitment guarantees that our users always have access to the latest, most refined features available.

✅ Continuous improvement and quick update

• Support auto update metadata to reduce user friction when using the Polkadot ecosystem: https://github.com/Koniverse/SubWallet-Extension/issues/4037
• Support XCM for Ledger Polkadot generic app: https://github.com/Koniverse/SubWallet-Extension/issues/3458
• Allow to use Migration Polkadot App to attach Ledger account (#3307, #3402)
• Support Polkadot’s logic update:
  • Improve fetching era stakers https://github.com/Koniverse/SubWallet-Extension/issues/3467
  • Make Polkadot.js App like in a white list to support EVM Accounts https://github.com/Koniverse/SubWallet-Extension/issues/1046
  • Update entered address on the transaction confirmation https://github.com/Koniverse/SubWallet-Extension/issues/1923
  • Adjust showing/validating address on Earning actions https://github.com/Koniverse/SubWallet-Extension/issues/2703
  • Improve display collators list https://github.com/Koniverse/SubWallet-Extension/issues/2751
  • Update transferable formula for system pallet v1 https://github.com/Koniverse/SubWallet-Extension/issues/3166
  • Support Snowbridge transfer from Ethereum -> Mythos for MYTH https://github.com/Koniverse/SubWallet-Extension/issues/3502
  • …
• Support XCM channels:
  • Validate recipient when make XCM transfer https://github.com/Koniverse/SubWallet-Extension/issues/3895
  • MYTH: Hydration → Mythos https://github.com/Koniverse/SubWallet-Extension/issues/3453
  • MYTH: PAH → Mythos https://github.com/Koniverse/SubWallet-Extension/issues/3453
  • Fix bug XCM for channel: DOT: KAH → PAH (#3561)
• Other updates:
  • https://x.com/subwalletapp/status/1838175298543858120
  • https://x.com/subwalletapp/status/1825521635321070030
  • https://x.com/subwalletapp/status/1825521640387838050
  • https://x.com/subwalletapp/status/1897313006188683528
  • https://x.com/subwalletapp/status/1856296583870198050
  • …

✅ And many more

• https://github.com/Koniverse/SubWallet-Extension/milestone/13?closed=1
• https://github.com/Koniverse/SubWallet-Mobile/milestone/7?closed=1
• https://github.com/Koniverse/SubWallet-ChainList/milestone/5?closed=1

VI. Upcoming Features in the Next Development Phase

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SubWallet is committed to continuously evolving in alignment with the Polkadot ecosystem. The upcoming development phase will focus on the following key areas:

🧩 Ecosystem-Aligned Enhancements

• Asset Hub Migration: Ensure seamless migration support to Asset Hub.
• PolkaVM Integration: Enable interaction with dApp built on the upcoming PolkaVM.
• RPC 2.0 Support: Upgrade infrastructure to be compatible with the latest RPC standards.
• JAM Support: Monitor and integrate features aligned with the JAM upgrade.

🌐 Core Native Features

• Proxy Account Support: Manage accounts more flexibly with proxy capabilities.
• Multisig Wallets: Enhance security for teams and organizations.
• On-Chain Governance: Participate fully in decentralized decision-making processes.

🛠 Utility-Focused Enhancements

• Price Charts: View real-time token price trends directly in the wallet.
• Extension Side Panel: Improved UX for browser extension users with a compact side interface.
• On-Chain Profile: Personalize your identity with custom profiles stored on-chain.

🔁 Enhanced Cross-Chain Connectivity

• 1-Click Cross-Chain Swap: Effortless asset exchange between DOT and BTC in just one click.

🤝 Community-Driven Features

• Additional Features Based on Community Feedback: We are committed to continuously listening to user needs and will prioritize feature development based on community input.
• Expanded Language Support: To make SubWallet more accessible to a global audience, we are actively working on adding support for new languages, including:
  • Hungarian
  • Español (Spanish)
  • Português (Portuguese)
  • ...and more coming soon

VII. What is the budget allocation?

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• Proposal Execution:
  • 08 months: from Aug 2024 to Mar 2025
  • Product updates: Every 1 - 2 weeks
• Payment Details:
  • Address: 1C42oGF3s8ztCsc22MA4LKd8BogMJNdVmCgtTXGfxqwjrSb
  • Budget details: ✅ All tasks have been completed ✅
  •  Payment Details

VIII. Q&As

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7.1. How is SubWallet’s community and social engagement?

We have a community of 39,000+ organic followers on Twitter and 9,000+ members on Telegram and Discord. No paid marketing activities are implemented – all users are organic.

7.2. How does SubWallet team engage with projects & communities in the ecosystem?

We are very active in engaging with our partners & communities. We have done 40 AMAs, Twitter Space and online & offline presentations with communities & partners in the ecosystem. Please see the full list here.

IX. Additional Information

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• Website: https://subwallet.app/
• GitHub: https://github.com/Koniverse
• User guide: https://docs.subwallet.app/
• Youtube: SubWallet App - YouTube
• Telegram group: t.me/subwallet
• Twitter: https://twitter.com/subwalletapp
• Discord: discord.gg/RFDpcG6xZ4
• Linkedin: https://www.linkedin.com/company/subwallet/
• External security audit: 2 external security audits
•  Review the full proposal with a detailed cost breakdown:

All the best,
SubWallet Team