Sov's Crypto Grant Wire – Telegram
Sov's Crypto Grant Wire
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Crypto Grant Wire is an update feed detailing the happenings across Web3 grants, DAO Governance, insightful thoughts, and tools we think you might find interesting.

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🆕 Gitcoin's Citizen Grants Program Revamps Strategy with Focus on RFPs and Direct Grants

The Citizen Grants Program has been updated to focus on selective RFPs and Direct Grants, with the aim of improving Gitcoin's long-term success by addressing challenges like undefined problem spaces and funding imbalances, while pausing the Citizens Retro round until early 2025. The community supports the changes, appreciating the streamlined process and enhanced feedback loop, and bi-weekly Office Hours will begin on Discord to discuss the strategy further.

🏷️ Grants - Grant Program Update
🏷️ Grants - Grant Funding


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🆕 Gitcoin Community Debates New "Allo Yeeter" Smart Contract Toolkit RFP for Improved Capital Allocation

The discussion centers on a new RFP for developing \"Allo Yeeter,\" a smart contract toolkit to improve capital allocation in the Gitcoin ecosystem, with community members actively engaging in discussions about funding models and technological integrations, such as Hypercerts, to enhance the project's functionality. The community is generally positive, considering prize models as potentially more motivating than traditional RFPs, while updates indicate progress on the Allo Yeeter prototype with completed designs and UI optimizations.

🏷️ Grants - Grant Proposal / Application


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🆕 Aave DAO Approves Phase 4 Development and Security Services by BGD Labs with $2.3M Budget

The proposal for BGD Labs to continue providing development and security services for the Aave DAO in Phase 4 has received overwhelming community support, with a budget of 2,300,000 in stablecoins and 5,000 AAVE for six months. This initiative aims to ensure the ongoing maintenance and development of the Aave ecosystem, focusing on security and innovation, with no significant negative aspects identified.

🏷️ Grants - Grant Funding
🏷️ Proposal - Seeking feedback


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🆕 Aavegotchi Proposal for Grid Gladiator V1 Faces Low Community Engagement

The proposal seeks $8000 in USDC to develop and market Grid Gladiator V1, a game intended to attract non-crypto gamers to the Aavegotchi ecosystem, with potential benefits including increased exposure and a new income stream for the DAO. However, the community's engagement is low, with the current vote count far below the quorum requirement, raising concerns about support and the project's execution.

🏷️ Grants - Grant Proposal / Application
🏷️ Proposal - Currently voting


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🆕 Optimism Collective Discusses Governance Strategies and Decentralization Challenges

The \"Polynya - Delegate Communication Thread\" discusses governance and voting within the Optimism Collective, focusing on grant strategies, decentralization, and voting processes, with polynya advocating for projects that incentivize usage and suggesting improvements like extending voting periods. The community largely supports these viewpoints, emphasizing the need for careful governance and collaboration, though concerns remain about grant effectiveness, over-governance, and slow decentralization progress.

🏷️ Grants - Grant Proposal / Application
🏷️ Proposal - Seeking feedback
🏷️ Delegate - Reasoning/Justification


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📡 Update From the Grant Wire 📡

Name:
How to DAO: Pluralist Grant Frameworks

Type:
🛠️ = Tools and Resources

Link:
https://x.com/howtodaobook/status/1850226026934395372
🆕 Arbitrum's Delegate Incentive Program Faces Trust Issues Amid Payment Delays

The Delegate Incentive Program by SEEDGov distributes ARB tokens to delegates for their contributions, with recent payments executed for July and September, but faces delays due to authorization issues, affecting some participants' trust. The community appreciates the program's transparency and structured reward system, although concerns about payment delays persist.

🏷️ Grants - Grant Funding
🏷️ Delegate - Reasoning/Justification
🏷️ Newsworthy - Token Distribution


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📡 Update From the Grant Wire 📡

Name:
Funki secures an OP Grant to build and scale the Superchain

Type:
🤝 = Grants

Link:
https://x.com/funkichain/status/1849428451171946990
📡 Update From the Grant Wire 📡

Name:
Fireblocks is offering $1M in grants to boost

Type:
🤝 = Grants

Link:
https://x.com/fireblockshq/status/1849450193135063360
📡 Update From the Grant Wire 📡

Name:
Flow State: Octant Accelerator SQF Round

Type:
🤝 = Grants

Link:
https://x.com/flowstatecoop/status/1849499540988231817
🆕 Rocketpool's GMC Selection Stalled: Voting Quorum Not Yet Met

The proposal involves selecting a new full membership slate for the Grants and Bounties Management Committee (GMC) as per RPIP-40, with the top 9 nominees forming the next GMC, but the voting process is currently below the required quorum of 13970 votes, potentially delaying the selection. The community is actively participating, and the process aims to ensure regular renewal and enhance governance transparency, though more participation is needed to validate the vote.

🏷️ Grants - Grant Proposal / Application
🏷️ Proposal - Currently voting
🏷️ Proposal - Seeking feedback


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🆕 Utoken App Expands Stablecoin Payments with Arbitrum Support Across 16 Countries

The Utoken app enables payments for services using stablecoins like USDC and USDT, targeting crypto users, digital nomads, and freelancers, with support from the Arbitrum grant enhancing its functionalities and availability in 14 European countries, the USA, and Nigeria. The community appreciates the convenience of using stablecoins for direct payments without conversion to fiat, and the app's integration with Telegram and presence on social media further boosts its accessibility and user confidence.

🏷️ Grants - Grant Funding


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🆕 Gitcoin Community Debates Funding Strategies and Network Structures for Future Growth

The discussion focuses on Gitcoin's strategic approach to capital allocation, considering methods like Quadratic Funding and Retro Funding, and whether to adopt a depth-first or breadth-first strategy, with proposals such as the \"Allo Frontier Index Fund\" to support projects. The community is engaging with ideas around network structures and budget distribution, aiming to enhance innovation and partnerships, but no specific next actions have been determined.

🏷️ Grants - Grant Proposal / Application


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🆕 Compound Awards 10,000 USDC Grant to WOOF for Governance Metrics Analysis

The \"CGWG: Compound Governance Metrics Analysis Request\" is about enhancing Compound's governance by analyzing delegate voting patterns, with a grant of 10,000 USDC awarded to the WOOF team to conduct this analysis and provide a detailed report and public dashboard by 10/18/2025. The community is engaged, with members expressing interest and gratitude, and the WOOF team is recognized for their expertise in improving governance operations.

🏷️ Grants - Grant Funding
🏷️ Proposal - Seeking feedback


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🆕 DEP Community Update: $3.25M in Grants and Liquidity Pools, New Wallet Support, and Infrastructure Upgrades

The DEP Community Update for September 2024 outlines significant funding initiatives, including $1.5M in grants and $1.75M to liquidity pools, alongside new wallet support and infrastructure improvements, with $4M still available for future grants, indicating strong ecosystem growth. Community reactions include concerns about payment discrepancies, but improvements like the new Den dashboard have been positively received.

🏷️ Grants - Grant Funding
🏷️ Grants - Grants Available
🏷️ Newsworthy - Fundraising


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🆕 Draft Outline for Arbitrum Governance Report Seeks Community Feedback

The draft outline for the Arbitrum Governance Analytics Report aims to improve transparency and decision-making within ArbitrumDAO by providing accessible governance data and insights, supported by the Arbitrum Questbook Grant. Community feedback includes suggestions for enhancing sections on proposal results and adding a \"Quarterly Review\" to better track DAO progress, with no significant updates or next actions determined yet.

🏷️ Grants - Grant Proposal / Application
🏷️ Proposal - Seeking feedback


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🆕 Arbitrum Security Council Election and Funding Proposals Set for October 31 Vote

The Arbitrum platform is holding a Security Council Member Election with a linear vote decay function, and two onchain proposals will be up for voting starting on October 31, requesting funding for research and development and a DAO events budget. There is no community discussion or clear indication of whether the developments are positive or negative.

🏷️ Proposal - Currently voting
🏷️ Grants - Grant Proposal / Application


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🆕 FairAI: Decentralized AI Marketplace Leveraging Arbitrum for Transparent Computation

FairAI is a decentralized AI marketplace using USDC on Arbitrum for payments, focusing on transparent AI computation, with accepted and pending grant proposals under Questbook’s program and participation in the CollabTech hackathon for a PoC AI solution. The community, including pedrob, is engaged in ongoing research and feedback, but the overall impact remains undetermined.

🏷️ Grants - Grant Proposal / Application


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