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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🆕 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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🆕 AgroforestDAO Wraps Up First Quadratic Funding Round on Celo, Eyes 2025 for Next Steps

AgroforestDAO completed its first Quadratic Funding Round on the Celo blockchain from December 9-19, distributing 653.25 USD from 285 donations to support 14 projects, with a focus on building a community around Food Forest Culture and public goods. The initiative, managed by GreenPill Brazil and AgroforestDAO, received positive community engagement, with grantees showing strong solidarity and collaboration, and plans for future funding rounds in 2025.

🏷️ Grants - Grant Funding


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🆕 Optimism Retrofunding Launches Data-Driven Missions to Boost Public Goods Funding

The Optimism Retrofunding (RPGF) program, formalized in October 2023, aims to enhance public goods funding by using data-driven \"Missions\" to measure and reward impact, with new initiatives focusing on Onchain Builders and Dev Tooling. While the program seeks to align funding with ecosystem priorities through tailored metrics and evaluation methods, community feedback is invited to refine its approach.

🏷️ Grants - Grants Available


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🆕 Arbitrum's STEP November Update: Full TBILL Deployment, USDY Minting, and Dune Dashboard Enhancements

The November update for Arbitrum's Stable Treasury Endowment Program (STEP) includes full deployment to OpenEden’s TBILL and minting of USDY, enhancing transparency and stability through a Dune dashboard and new features from Superstate. The community, with limited feedback, suggests improvements in monthly updates for better investment comparison.

🏷️ Grants - Grant Program Update


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🆕 Compound Growth secures 300,000 OP grant to boost LRT and Liquid Staking Tokens on Optimism

The Compound Growth program received a 300,000 OP grant from the Optimism Grants Council to expand support for Liquid Rebase Tokens and Liquid Staking Tokens on the Optimism platform, with 120,000 OP allocated to increase LRT liquidity and 180,000 OP to boost yield-bearing assets. The grant aims to enhance liquidity, asset presence, and lower borrowing interest rates, but there have been no community discussions or next actions determined.

🏷️ Grants - Grant Funding


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🆕 Uniswap DAO Votes on $250k Liquidity Mining Proposal for Sonic Deployment

The proposal seeks Uniswap DAO's approval to allocate $250k in $UNI tokens as liquidity mining rewards to support Uniswap's deployment on Sonic, an EVM layer-1 blockchain, enhancing its adoption and liquidity. The community is highly supportive, with voting results showing strong favor for the incentive match, and the vote is still ongoing.

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


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🆕 World Foundation Bids for Security Council Seat, Pledges 50M WLD for Optimism Ecosystem

The World Foundation has self-nominated for a position on the Security Council, leveraging its significant role in the Optimism Ecosystem and proposing a 50M WLD fund to support ecosystem growth and OP Stack improvements. The nomination is supported by at least one community member, jacob, and promises to bring expertise in cryptography and blockchain, as well as geographic diversity, to the council.

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


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🆕 Aave Community Backs karpatkey for GHO Stablecoin Growth on Gnosis Chain

The proposal aims to appoint karpatkey to enhance the growth and adoption of the GHO stablecoin, focusing initially on the Gnosis Chain, with a budget of 250K GHO over 180 days and plans for non-custodial management to support market-making. The community is highly supportive, with unanimous votes in favor, and the next steps involve further voting processes for final approval.

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


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📡 Update From the Grant Wire 📡

https://x.com/ancient8_gg/status/1869394698777100389
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🆕 BIP-749: Maxis' Multisig to Streamline Reward Token Whitelisting on Balancer Gauges

BIP-749 proposes granting addreward permissions to the Maxis' omnichain multisig to streamline the whitelisting of custom reward tokens on gauges, enhancing efficiency and consistency across blockchain networks. The community has unanimously supported the proposal, and the next step involves executing the grantRole function on the authorizer across multiple chains.

🏷️ Grants - Grant Proposal / Application


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