Following feedback from the community for more transparency on the approval process, we are sharing below the criteria used for selecting grants. Please keep in mind this has been kept general to permit the team some flexibility and prevent gaming of the criteria on behalf of applicants. It should nonetheless help explain the overall mindset of the team when assessing applications, and show the questions asked among team members to determine eligibility.
We appreciate more feedback and suggestions from the community to continue improving the program. As always, we look forward to growing the program with the protocol and working with the community to achieve greater success!
Relevance: All funded projects should be applicable to dYdX and its community. Grants must involve, build on top of, or benefit the protocol in some capacity.
Benefit: The goal of this program is to grow the protocol and benefit the community. Grants must result in beneficial progress contributed to dYdX.
Feasibility: Ideas and discussions are great, but only realistic projects with tangible results will be funded.
Execution: Applicants must provide a clear execution plan for completing the project and reaching the goals.
Qualification: While we do our best to support growth and learning, applicants must have some background or credentials to prove their capabilities.
Originality: Projects must contribute something new to the protocol, not just repeat existing grants or previous work.
Cost: The team does its best to attract high quality contributors with competitive funding without overspending.