Our project to connect Avalanche Teleporter with IBC is complete. Here's an outline of our project's timeline and key deliverables:

1. Development of AVAX Light Client for Cosmos (Completed)
   - Created an open-source light client crucial for secure cross-chain state verification

2. Implementation of Full IBC Protocol Stack (Completed)
   - Developed precompiled contracts for channel, client, connection, and packet handling

3. Creation of LandslideVM (Completed)
   - Designed and implemented a custom virtual machine for AvalancheGo, enabling Cosmos SDK chain execution on Avalanche

4. Integration of Avalanche Consensus with Cosmos' Tendermint Core (Completed)
   - Successfully combined these two systems to create a powerful hybrid solution

5. Security Enhancements and Optimizations (Completed)
   - Implemented robust security measures and optimized gas usage and mempool management

6. Comprehensive Security Audits (Completed)
   - Underwent thorough audits by Halborn and Oak Security
   - Addressed all critical, medium, and low risks identified in these audits

All deliverables are complete and ready for review. We can provide immediate access to any repositories required for audits by the Avalanche Foundation or Gitcoin. Our partners at Halborn and Oak Security are prepared to furnish their audit reports for internal review purposes.

Upcoming milestones:

7. Open-sourcing of LandslideVM and IBC Light Client (Scheduled for August 2024)
8. Publication of Security Audit Reports (Pending approval from auditing firms)

We're fully prepared for any additional scrutiny or evaluation the grant committee deems necessary.