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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🆕 RetroFunding Round 6: Governance Projects Lost in Duplicate Limbo, Community Seeks Optimistic Solutions

The discussion is about the need for better recognition of critical governance projects in RetroFunding Round 6, highlighting several projects that were mistakenly declined as duplicates despite their significant contributions to governance and community coordination. The community is concerned about the recognition process, with calls for improved evaluation methods to ensure fair acknowledgment and funding of impactful projects.

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


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🆕 Uniswap Foundation Reports $33.83M Financial Stability, Commits $5.32M in New Grants for Q3 2024

The Uniswap Foundation's financial update for the quarter ending September 30, 2024, reveals a stable financial position with $33.83 million in USD and stablecoins, and 0.61 million UNI, earmarked for grants, operations, and employee awards, projecting a financial runway through the end of 2025. The Foundation committed $5.32 million in new grants in Q3 2024, with no community discussions reported, and future updates will cover Q4 2024 and full fiscal year results.

🏷️ Grants - Grant Funding
🏷️ Grants - Grantee Update


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🆕 ENS Governance Pilot: 30,000 Tokens to Meta-Governance via Quadratic Funding, No Community Input Yet

The Governance Distribution Pilot Program proposes transferring 30,000 ENS tokens from the DAO treasury to the Meta-governance working group for distribution via quadratic funding and 2-year linear vesting contracts, with implementation targeted for November 20, 2024. While the method aims to equitably distribute tokens and increase smaller stakeholder participation, its complexity may pose management challenges, and there has been no community discussion on the proposal.

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


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🆕 DEP November Update: $1.2M in Grants, Megavault Feature, Rust SDK Completion

The DEP Community Update for November 2024 outlines new grants totaling $1.2 million for user growth and strategic initiatives, with $3 million still available, and highlights partnerships and project updates like the Megavault feature and Rust SDK completion. The community has not yet reacted, and no next actions have been specified.

🏷️ Grants - Grants Available
🏷️ Grants - Grant Program Update


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🆕 Optimism's Retro Funding 4: A $10M OP Boost for Superchain Builders Amid Verification Challenges

The Retro Funding 4 initiative by the Optimism Collective aims to reward onchain builders with a 10 million OP pool, focusing on past contributions to the Superchain, and has attracted many new participants, though it faces challenges in verifying open source status and contract attribution. Community reactions are mixed, appreciating the improved metrics-based voting for its accuracy but noting the need for more human input and better user identification methods.

🏷️ Grants - Grant Funding


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🆕 SafeDAO Proposal: Automated Governance Tracking System Sparks Debate Over Cost and Necessity

The proposal by PYOR, led by Aakash Athawasya, aims to implement an automated governance tracking system for SafeDAO to boost participation and transparency, costing 9,300 SAFE, with mixed community reactions regarding its necessity and funding approach. While some community members question the need for governance and suggest alternative funding routes, others inquire about the possibility of ad-hoc applications to the grants program.

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


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🆕 Cycle 30 Review: 68 Projects Advance, New Auditors Join the Optimistic Journey

The Cycle 30 preliminary review results, shared by Gonna.eth, show 68 out of 91 applications passing the initial review, with new auditors Code4rena/Zenith and Zellic Security announced, and finalists advised to update their applications by a specified Monday. The community has not reacted yet, but the advancement of diverse projects could lead to significant innovations, while declined applications may prompt future improvements.

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


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🆕 Compound Governance Working Group Seeks $280K in COMP for 2024-2025 Renewal

The proposal to renew the Compound Governance Working Group (GWG) for another year, from December 2024 to December 2025, includes a $280,000 funding request in COMP tokens to enhance governance participation and maintain competitiveness. The community has shown support, with achievements like increased voting participation and consistent quorum attainment, while future plans involve strategic expansions and governance tool development.

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


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