https://polkadot.subsquare.io/referenda/1574

W3PI Token Index is a new type of Programmable Index Product (PIP) built on Polkadot. It combines decentralized asset exposure, legal protection for users, and upgradeable smart contract logic. W3PI will be the first decentralized non-custodial on-chain index token that tracks a dynamic basket of ecosystem tokens using programmable, transparent rules. The project includes smart contract and front-end development, setup of a Swiss GmbH, and incorporation of a Swiss Trust to own the protocol and hold user funds separately from any private entity.

The bounty is divided into three categories: Technical Development ($78,000), Operational GmbH ($56,000), and Swiss Trust ($52,000 for setup and $16,000 for endowment), totaling $202,000 USD (DOT equivalent). The curator will verify code deployments, audits, and GitHub releases, confirm legal documents, and trigger milestone payments based on proof of delivery. The governance and ownership model includes upgradeable smart contracts with ownership held by a Swiss Trust, protecting user funds from any private entity. The GmbH receives fees only from the protocol fee wallet, and all code will be open-source. Licensing will be MIT or Apache 2.0 for code, and legal documents will be available through links. The estimated completion timeline is 9-12 months.