Curve Finance is proposing to start utilising the community fund for ecosystem, DAO and community grants. Those three type of grants have the common goal of encouraging and developing the Curve ecosystem and empowering the community.
We are proposing to trial those grants for four months and this proposal seeks to approve the council as well as the budget for it. A new vote four months from now will give a chance to the council to demonstrate results and the DAO to reconsider the budget and/or put an end to those grants.
After discussions with other DeFi protocols, we strongly believe those grants have the potential to have long last benefit for Curve and its ecosystem.
Ecosystem grants aim at encouraging and developing the Curve, Vyper language and more generally the DeFi ecosystem. They are for individuals, teams of all sizes looking to develop tools, projects that could benefit from small to medium grants.
The following criteria are considered:
- How it relates to Curve and the Curve DAO
- How it may benefit and impact the Curve and the Curve community
- State of the project (is it some gibberish on a napkin or already in production)
- The team and how likely they are to deliver
- Potential (viability, longevity, competition and so on)
- How the funds will be used and why they are needed
These grants are quite flexible in how they are awarded with demonstrating benefit to the Curve system being most important. Existing and completed projects are also eligible particularly if they can demonstrate benefit to the ecosystem.
Grants range from $500 to $10,000 to be paid in 3CRV (LP token for 3 Pool).
A council of team and community members will be formed to assign those grants which may involve milestone based repeat payments depending on the scope of the project.
Community grants aims at encouraging and developing the Curve community and Curve itself and specifically rewarding outstanding users.
Those users may have helped create proposals that shaped Curve and its DAO, helped out users, contributed in a meaningful way to the community, created content, educational or otherwise, about Curve and/or benefited the Curve ecosystem.
Grants range from $100 to $2,000 to be paid in 3CRV (LP token for 3 Pool).
A list of recipients will be circulated publicly before they are awarded. If you would like to suggest a recipient, please message @charlie_eth on Telegram/Discord.
Proposal grants will reward users who create successful (non parameter) proposals (CIPs). Those users will be rewarded by $500 in 3CRV after the proposal is implemented.
To be eligible:
- CIP must be implemented
- CIP must meet standard requirements (governance topic, feasibility, viability)
- CIP must not be a parameter vote
- Signal votes are excluded
- Must not be a Curve team member
This proposal will seek to secure funding of $30k per month for those grants from the community fund for a four months trial period.
The council to review those grants will be composed of the following people:
7 Curve team members: @angelangel0v, @michwill, @iamdefinitelyahuman, @kendrickllama, @Curve_Asia, @charlie_eth, @JulienBouteloup
You can find short bios about each member at this address: https://guides.curve.fi/community-council/
There are users who have contributed to Curve and its community in various ways since its launch.
We have spoken to other protocols like Yearn and AAVE who strongly believe those grants are truly beneficial to their ecosystem. We believe there is true value in developing the Curve and wider DeFi ecosystem as well as empowering our community and more importantly we believe it will truly benefit Curve governance and CRV holders.
Community fund shouldn’t be used for grants
The Curve team thanks the Yearn and AAVE teams for their help in developing those guidelines.