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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🆕 Season 7 Grants Council Election Promotes Optimism with Approval Voting and OP Honorarium

The Season 7 Election for the Grants Council, held from January 9th to January 15th, involves selecting candidates for roles like Operations, GrantNerds, and Final Reviewers, with an approval voting mechanism and an honorarium in OP. The election aims to enhance expertise, community engagement, and transparency, but there have been no community discussions or next actions determined.

🏷️ Grants - Grant Proposal / Application


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🆕 GrantNerds Season 7: Optimistic Push for Diverse Representation and Transparency in Self-Nomination Process

The discussion is about the self-nomination process for the Season 7 GrantNerds on the Grants Council, requiring candidates to follow a specific template and meet eligibility criteria by January 3rd. The process aims to increase participation, ensure diverse representation, and enhance transparency, but there have been no community discussions or determined next actions.

🏷️ Grants - Grant Proposal / Application


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🆕 dYdX Season 8 Ends Early for DRC Proposal, Faces Criticism Over Resource Use

The discussion is about the early conclusion of Season 8 of the dYdX Incentive program to accommodate the DRC proposal, with performance reviews and proposed distributions expected by 19 and 20 December 2024. Community reaction is limited, with criticism from olegas regarding the program's inefficacy and resource wastage.

🏷️ Grants - Grant Program Update
🏷️ Proposal - Seeking feedback


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🆕 CIP-58: CoW DAO Eyes $5.1M for Nomev Labs, Needs More Votes to Moo-ve Forward

CIP-58 proposes allocating $5.1 million from CoW DAO's treasury to Nomev Labs for development services related to CoW Protocol from January 1, 2025, to December 31, 2025, aiming to enhance code, user experience, security, and governance. The proposal has significant support but has not yet reached the quorum of 35,000,000 votes, requiring further community participation to proceed with the funding.

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


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🆕 Uniswap V3 Deployment on Metal L2 Faces Uphill Battle Despite $250k Incentive Proposal

The proposal requests $250,000 in UNI incentives and €20,000 for Angle Merkl integration to deploy Uniswap V3 on Metal L2, aiming to enhance liquidity and bridge TradFi and DeFi, with Metal DAO contributing 250,000 MRL and 250,000 MTL tokens. While the proposal could boost blockchain adoption in traditional finance, it faces community resistance, as the current vote count is below the required quorum for approval.

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


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🆕 CIP-59: CoW DAO Considers 2025 Marketing Deal with Defou S.A. for 20,000 USDC/Month

CIP-59 proposes that CoW DAO allocate funds to Defou S.A. for marketing and business development services throughout 2025, with a monthly fee of 20,000 USDC, aiming to boost CoW DAO's market presence and growth in the decentralized finance sector. The community is largely supportive, but the quorum for the vote has not yet been reached.

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


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🆕 BIP-749: Maxis' Multisig Seeks `add_reward` Powers to Boost Balancer Ecosystem

BIP-749 proposes granting addreward permissions to the Maxis' omnichain multisig to improve the efficiency of managing reward tokens across multiple chains, potentially benefiting the Balancer ecosystem by attracting more partners. The community has not yet participated in the voting process, with no votes cast as of now.

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


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🆕 MIP 88 Seeks $500k for Morpho Frontend Development by Oku/GFX Labs, Awaits Community Votes

MIP 88 proposes hiring Oku/GFX Labs to create a frontend for Morpho across multiple networks and seeks grants for ecosystem growth, with $400k in MORPHO tokens allocated to gfxlabs.eth and an additional $100k contingent on TVL conditions. The proposal aims to improve Morpho's accessibility and adoption, but no community votes have been cast yet, requiring 500,000 votes to proceed.

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


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🆕 Maxis' Omnichain Multisig to Simplify Custom Reward Token Management with `add_reward` Permissions

The proposal to grant addreward permissions to Maxis’ omnichain multisig aims to streamline the whitelisting of custom reward tokens across multiple chains, improving operational efficiency and management flexibility. Community reaction is minimal, with one positive response noting the benefits of easier payload bundling for rewards programs.

🏷️ Grants - Grant Proposal / Application


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🆕 Instadapp Proposes Fluid DEX Deployment on Arbitrum for Lower Gas Fees and Higher Activity

The proposal to deploy Fluid DEX on the Arbitrum Layer 2 network aims to leverage lower gas prices for increased utilization and profitability, while enhancing both ecosystems by expanding Fluid's user base through Arbitrum's high trading volumes. Community reaction is limited, with inquiries about Arbitrum's involvement in liquidity incentives, and it is clarified that Arbitrum is not co-sponsoring but a grant has been received for integration efforts.

🏷️ Grants - Grant Funding
🏷️ Proposal - Seeking feedback


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🆕 Gitcoin's 2025 Plan: $30M Funding Goal, AI Focus, and Community Seeks Clarity

Gitcoin's strategic plan for 2025 includes ambitious goals such as distributing $30M in funding, restructuring into two main labs, and evolving its grants program with new funding mechanisms, while the community shows interest and seeks clarity on priorities and the rationale behind certain strategies. The plan aims to enhance organizational efficiency and governance, with a focus on verifiable impact and AI integrations, but no specific next actions have been outlined.

🏷️ Grants - Grant Program Update
🏷️ Grants - Grant Funding


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🆕 GMC Shuts Down Rocketpool Grants Amid Content and Overlap Concerns

The GMC has closed several grants, including Trustless Oracle and Rocket School, due to issues like outdated content and project overlap, while inviting retrospective award applications for completed work. This decision allows resource reallocation to more relevant projects, though it may hinder some projects' development, with no noted community discussions or next actions.

🏷️ Grants - Grant Program Update


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🆕 dYdX to Distribute $1.5M in Tokens, Excluding Bots and Boosting Transparency

The proposal by chaoslabs involves distributing $1.5 million in DYDX tokens to 2,587 users as part of the dYdX Chain Incentives Program, ensuring fair distribution by excluding artificial trading and enhancing transparency through data publication on the dYdX Chaos Labs Risk Portal. The community has not yet reacted, and no further actions have been determined.

🏷️ Grants - Grants Available
🏷️ Proposal - Seeking feedback
🏷️ Newsworthy - Token Distribution


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🆕 Arbitrum's 2025 DAO Events Budget: $1.5M for Big Gatherings, Small Events Left Hanging

The DAO Events Budget for 2025, approved in November 2024, allocates $1.5 million USD for events focusing on Delegate Gatherings and Ecosystem Growth, with a structured process for requesting funds and ensuring alignment with Arbitrum's mission. While the budget supports large-scale events, smaller events may struggle to access funds, and the community has shown some appreciation for the improved budget management.

🏷️ Grants - Grant Funding
🏷️ Event - IRL


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🆕 Gnosis Chain's $1M GNO Liquidity Incentive Proposal Gains Community Support

GIP-117 proposes a strategic partnership with Backed by offering $1M in GNO tokens as liquidity incentives to support equity assets on the Gnosis Chain, aiming to enhance its DeFi position and attract users with a 10% yield incentive. The community is largely supportive, with the proposal receiving significant votes in favor, and if passed, the incentives will be distributed over six months.

🏷️ Grants - Grant Funding
🏷️ Proposal - Currently voting


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