|Quarter and Year
|Total USD Value Requested
The grants team serves as a community-led program to fund ideas submitted by both PoolTogether community members as well as third-party applicants, with a focus on empowering a wider network of developers and contributors and increase adoption of the PoolTogether protocol. There are many great ideas for improving the protocol and grants plays a key role in evaluating and equipping those contributors with resources needed to go from idea to funded development.
- Be a supportive, reliable and transparent partner
Grants represents a funding source of relatively low resistance for instance compared to a fully fledged governance proposal to obtain funding. The grants team commits to be accessible, responsive and supportive of grant requests regardless of their achievability to ensure that all applicants that put in the effort to engage with the PoolTogether protocol feel respected and taken seriously. Grants will continue to track and publish the funded Grants via the Notion and Medium articles and at the end of the quarter Grants will publish a review about the funded grants
of that quarter.
- Emphasize initiatives that benefit the adoption of PoolTogether on Optimism
Optimism has been elemental for PoolTogether to drive L2 user adoption. The grants team shall but an emphasis on initiatives that improve the Optimism user adoption, experience or create additional features / layers utilizing PoolTogether on Optimism. Grants aims to fund at least 3 applicatons related to Optimism to grow PoolTogether on Optimism.
||Yearly USD Compensation
Previous Budget Surplus
The grants team inherits the existing budget kept safely in the gnosis safe.
Deviating from practices in the past, the grants team shall prioritize payments in USDC and spend POOL in accordance with the ratios set forth in the newly established contributor guidelines. Therefore, the grants team aims to to continue its work with a lump-sum of [75,000] USDC, [75,000] POOL and in addition [100,000] USDC for delegation campaigns that are not to be spent and will be held in custody of the Executive Team.
The excess funds amounting to 175,000 POOL and 45,000 USDC will be sent back to the treasury.
Where do come the team members list?
I remember this:
Current reviewers stepping down:
Hey, good question, We talked internally about it and Torgin unfortunately doesn’t have the time to continue Grants anymore and Gabor wants to continue as a Reviewer. Tanman also doesn’t continue and the rest stays the same. We currently have no open position but if the need for another Reviewer comes up, we will look openly here in the gov forum and Discord for people that want to join.
why not make a new Grants committee lead elections?
You are right, in the past, we made a gov post for the lead elections and people voted on it.
Personally I think we could do that again, we talked about lead elections a bit in the council meetings and there is no concrete plan for all teams. At the moment every time decides themself how they want to operate and structure, the Community Team and Finance Team also follow this structure.
Yes, great question @Noxe!
We want to keep both the protocol and community as permissionless and decentralized as possible. Therefore, no one is dictating how teams are formed. It is up to the teams themselves to decide. Generally, I think teams will form on their own without votes as voting on teams can be quite time consuming (as we’ve seen in the past).
I do though think it is great for open roles to be posted. Also, if there is a team you are interested in being on, you should reach out to the person who is leading it!