After 11 rounds, 62 grants, and $2,167,080.00 in funding, the first version of our Grants program is coming to an end. The team will be sharing our latest round, Round 11, in the coming week, which will mark the last round for now.
With the recent market downturn, we no longer have enough funding to issue new grants. The team doesn’t want to risk not being able to follow through on existing commitments. This would not be fair to our existing grantees hard at work on their projects.
As a result, the team will be pausing new approvals until further notice. We will keep applications open and are happy to speak with new applicants, but please note that all approvals will be temporarily put on hold.
We are excited to share that the team will be submitting a new proposal for Grants v1.5. We will be sharing more details on this in the coming weeks.
Until then, the team will be working closely with existing grantees to finalize outstanding projects and complete the first version of Grants!
We also want to take this opportunity to thank everyone for their support throughout this first version. There have beens lots of lessons learned and important takeaways. The team will be sharing a retrospective in the next week that explores these results and lessons.
All the best! 🦔 ❤️
dYdX Grants Team