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.
Goals
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.
Budget
Requested Amount
Amount
Token
0
USDC
Budget Breakdown
Team Members
Role
Yearly USD Compensation
Commitment Percentage
Quarterly USDC
Quarterly POOL
Contributor
Contributor Discord
Lead
$90,000
50%
9450
1827
Lonser
Lonser#7584
Reviewer
$50,000
20%
2250
254
McOso
McOso#7958
Reviewer
$50,000
20%
2250
254
Taliskye
Taliskye#0137
Reviewer
$50,000
20%
2250
254
TangFeng
TangFeng#0239
Reviewer
$50,000
20%
2250
254
Gabor
Gabor#4738
Previous Budget Surplus
Description
Amount
Token
Ethereum
150,000
POOL
Polygon
100,000
POOL
Optimism
120,000
USDC
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.