This is a follow-up of a signal passed a few weeks ago: sCIP#3 - Introducing ecosystem and community grants and a Curve council
This would begin vesting funds to the Grant Council DAO multisig.
- Budget has been raised (see below)
- Andre Cronje is part of the council and will help review applications.
The members of the council can be found there: https://news.curve.fi/community-council/
They are users who have contributed to Curve and its community in various ways since its launch. We have opted to have a mix of Curve team members as well as community members to make sure the community is well represented and that its interests are put at the forefront of the grant decision making.
All six Curve team members are part of the council
The Multisig itself is controlled by all Curve team members and four community members (Julien T, Quentin Milne, Amadeo Brands and Adam S)
Other users may be added in the future and will appear on this page: https://news.curve.fi/community-council/
The council is planning so far to award two grants (all pending on approval of this proposal):
1. A Parameter Research
Our goal is to develop methods to optimize the A (“amplification coefficient”) parameter based
on time-evolving market dynamics (e.g., mean reversion, kurtosis) and pool statistics (e.g.,
liquidity utilization, asset balance). We will develop a suite of simulation, testing, and statistical
tools to identify the best predictors of optimal A values, and create an intuitive stats dashboard
to facilitate informed DAO voting on A parameters. We will then use these tools to identify,
model, and/or optimize future pools involving assets with various levels of volatility and
correlation (e.g., FOREX, unpegged cryptocurrencies, tokenized assets).
backd is a decentralized and non-custodial protocol, which protects owners of overcollateralized
loans on borrowing and lending protocols against becoming liquidable. The protocol
incentivizes deposits, which are intended to be used to top up positions endangered of
becoming liquidable on different protocols. However, when these deposits are not required they
are employed to generate additional income.
backd unused liquidity will be provided to Curve and they have committed to lock no less than 50% of CRV received upon whitelisting of the protocol
After receiving feedback, we have decided to request a higher amount to match grant sizes given by other protocols (Uniswap for example has a budget of $250k per month). We are therefore proposing to make the budget $150k per month for a year. Any unused funds will go towards next year budget.
This represents less than 2% of the budget and is line with commitments of other large protocols like Uniswap, Balancer, Yearn or AAVE.
Scope of Grants:
- Ecosystem Grants
- Community Grants
- Security Grants
- Governance Grants
Read more here: https://news.curve.fi/community-grants/
and here: https://news.curve.fi/more-about-ecosystem-grants/