Grant milestone report · Milestone 2 of 3

Ledgerly — on-chain invoicing for freelancers

Grant program: Example Ecosystem Builder Grant · Reporting period: 1 Jul – 30 Sep 2026 · Prepared for the public grants forum
Sample work. Ledgerly is a fictional project and all figures are illustrative — this page shows the structure and presentation we deliver, using your real data and links.

1. Summary

Milestone 2 committed to a production launch of recurring invoices, a public analytics page and 500 monthly active payers. Two of three deliverables shipped on time; the analytics page shipped 9 days late (reason and fix below). Activity exceeded the target: 612 monthly active payers in September.

612monthly active payers (target 500)
$184kinvoice volume settled
2 / 3deliverables on time
78%of milestone budget spent

2. Deliverables

DeliverableCommittedStatusEvidence
Recurring invoices in production15 AugDone 12 AugRelease notes, contract address, demo video
Public analytics page31 AugDone 9 Sep (+9 days)Live dashboard link, repo commit
500 monthly active payers30 Sep612 in SeptemberOn-chain query (Dune), method below

3. Metrics

0300600 target 500 MayJunJulAugSep

Monthly active payers = unique wallets that settled at least one invoice in the month. Query and wallet exclusions (team, test) are linked in the appendix so anyone can reproduce the number.

4. Budget

LineAllocatedSpentUse
Engineering$18,000$14,200
Audit (recurring module)$6,000$6,000
User acquisition$4,000$1,350
Infrastructure$2,000$1,750
Total$30,000$23,300

5. What went wrong and what changes

The analytics page slipped 9 days because the indexer we planned to use dropped support for our chain. We moved to a self-hosted indexer; the page now updates hourly instead of daily. Unspent user-acquisition budget ($2,650) rolls into Milestone 3 for the referral program.

6. Next milestone

Milestone 3 (due 31 Dec): multi-currency invoices, referral program, 1,000 monthly active payers.

Appendix in the full version: transaction links, Dune query, repo commits, audit report, screenshots.