The dYdX Grants program is open for business!
Following the successful proposal to extend the dYdX Grants program (DGP), we are now ready to re-launch the program and start processing grants!
To apply for a grant, head over to our application page here.
This extension includes a few big changes to the program. Below, we’ll explore all the changes performed and the processes added to improve coordination across the new contributors.
The Trust is now made up of the following members:
The instrument to update the Trustees can be found here (and lives on our FAQ page).
The instrument to update the Enforcer can be found here (and lives on our FAQ page).
dYdX Grants Contributors
In addition to updating the members of the Trust, the extension includes two new roles with unique responsibilities.
The grantor will own the lifecycle of our grants, managing projects from the moment their applications are received to their final milestones. The responsibilities include:
The program will split its funding allocations between two buckets: Community Initiatives and Strategic Initiatives. Funding buckets will be managed by grantors to focus efforts on specific objectives. Each funding bucket will be allocated a set amount of funding by the Trustees based on the expected impact and objectives. The success of these buckets will be measured based on individual metrics and assessments relevant to the grants approved, some of which may mirror previous measurements.
a. Community Initiatives
This bucket will focus on projects that build the dYdX ecosystem, grow the brand, and onboard new protocol contributors.
Funding Allocation: 10%
The Grantors assigned to this bucket are:
b. Strategic Initiatives
This bucket will focus on larger scale projects that contribute to the development, growth, and improvement of the dYdX protocol. We will build on the demonstrated success in partnerships with professional contributors to deliver services and development to dYdX.
Funding Allocation: 90%
The Grantor assigned to this bucket is:
The Operator will be responsible for everything payments and financial reporting. The responsibilities include:
The Operator is Lemma Solutions.
Given the new roles, the program is restructuring its process to work as follows:
Conflicts of Interest
Additionally, the program has adopted a formal Conflict of Interest policy that applies to all contributors. This policy will hold contributors accountable to strict disclosure of any and all conflicts involving their work with the DGP. The policy can be found here (and lives on our FAQ page).
We’re thrilled to start processing new grants under this new structure. Give us a shout on Discord if you have any questions or thoughts, and submit an application here!