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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🆕 Lido Community Questions $120K Grant for Manifold Finance's SecureRPC Relay

The discussion is about a $120,000 grant request by sambacha for Manifold Finance's SecureRPC relay, which aims to support Ethereum's infrastructure by providing a non-censoring service, but its minimal contribution to the network raises concerns about the funding's cost-effectiveness. The community, including Hasu, is skeptical, questioning the necessity and viability of the relay as a public good.

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


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🆕 Omni-Multisig Proposal Targets Efficient Token Updates for Balancer V2 Pools on Gnosis

The proposal by ZenDragon seeks to grant the Omni-Multisig permissions to adjust tokenCacheRateDuration for Balancer V2 Pools on Gnosis, aiming to improve update frequency and testing efficiency for Forex pairs, particularly the sDAI/EURe pool, without requiring continuous migrations. There is no community feedback or determined next actions at this time.

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


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🆕 GMX Avalanche Rush Unveils $375k Incentives to Boost Market Activity

The GMX Avalanche Rush Incentives update details the distribution of GM AVAX+ for liquidity and trading incentives, with $375,840 planned for the next two weeks, aiming to boost market activity and stability. There is no reported community reaction or changes to the original plan.

🏷️ Grants - Grant Funding
🏷️ Newsworthy - Token Distribution


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🆕 CeloPG's 'Matching on Matching' Program to Distribute $25k in Support of Local Web3 Initiatives

The 'matching on matching' program, part of CeloPG Season 0, aims to distribute up to $25,000 to support impactful grant rounds within the Celo ecosystem, aligning with the 'Ethereum Localism' movement to empower local communities using Web3 tools. The initiative fosters innovation and collaboration among stakeholders, but there have been no community discussions or next actions determined.

🏷️ Grants - Grants Available


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🆕 2025 Compound Growth Plan: Budget Cuts and Team Restructuring Proposed by AlphaGrowth

The revised 2025 Compound Growth Program by AlphaGrowth proposes a reduced budget of $7.1 million, restructuring teams, and performance-based compensation to align with community feedback, with the proposal set to be submitted to the DAO for a vote. While the changes aim for resource efficiency and incentivization, concerns about governance and transparency persist due to the use of the AlphaGrowth MultiSig wallet for payments.

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


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🆕 Arbitrum Proposes 4M ARB Boost for Stylus Sprint Amid Upcoming Security Council Elections

The Arbitrum ecosystem is considering a proposal to allocate an additional 4 million ARB to the Stylus Sprint program to fund more projects, which could enhance innovation and development, while the Security Council elections starting on March 15, 2025, are vital for ecosystem security. There have been no community discussions or determined next actions regarding these updates.

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


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🆕 ENS Ecosystem Boosts Innovation with Retroactive Term 6 Grants

The Term 6 Grants for the ENS ecosystem aim to support technically oriented projects by awarding grants retroactively based on demonstrated value, with applications reviewed on a rolling basis and project demos required during weekly calls. The grants are expected to encourage innovation and strengthen the ENS ecosystem, though there have been no community discussions or next actions determined.

🏷️ Grants - Grants Available


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🆕 Web3.bio February 2025 Update: Basenames, Linea Support, and Dashboard Enhancements Boost ENS Integration

The February 2025 updates for Web3.bio, supported by an ENS grant, introduce features like Basenames & Linea Name Service support, verification integrations, and a new dashboard, enhancing user experience and on-chain reputation. The community reaction is positive, with appreciation for the improvements and collaborations, as noted by dhive.

🏷️ Grants - Grants Available


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🆕 ENS Service Provider Program Renewal: Balancing Infrastructure Goals and Resource Efficiency

The renewal of the service provider program aims to fund services essential to the DAO, focusing on ENS infrastructure, outreach, and DAO operations, with the potential for improved service delivery and adoption. However, there is a risk of resource inefficiency due to possible project duplication, and no community discussions or next actions have been noted.

🏷️ Grants - Grant Funding


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🆕 ENS Funds Decentralization Research Center with $300K to Tackle Regulatory Challenges

The ENS Public Goods Working Group is funding the Decentralization Research Center with $150,000, matched to $300,000, to support decentralization advocacy and policy engagement, aiming to address regulatory challenges and influence legislation. Community reaction is minimal, with only one inquiry about the funding's rationale and impact.

🏷️ Grants - Grant Funding


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🆕 Ricardo Jorge Maia Ferreira Seeks to Boost CoW DAO Grant Transparency with Governance Expertise

Ricardo Jorge Maia Ferreira, known as cfostars, is applying for a position on the CoW DAO Grants Committee, bringing extensive finance and governance experience to enhance grant distribution transparency and support high-potential projects. His involvement could significantly improve financial decision-making within the CoW ecosystem, though there has been no community discussion or determined next actions.

🏷️ Grants - Grant Proposal / Application


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🆕 GnosisDAO's $4.8M Bet on Decentralized VPN: GIP-122 Awaits Quorum

GIP-122 proposes a $4.8 million investment from GnosisDAO to develop Gnosis VPN, a decentralized VPN on the HOPR network, aiming to enhance privacy and scalability over two years. The community response is positive, but more votes are needed to reach the quorum of 75,000 for the proposal to pass.

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


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🆕 The Graph Foundation's 2024 Grants Report: Fueling Network Growth and Developer Engagement

The Graph Foundation's 2024 Annual Grants Report outlines the impact of grant funding on The Graph Network, highlighting ecosystem growth, innovation, and infrastructure advancements, potentially attracting more developers and fostering community engagement. There have been no community discussions or next actions determined.

🏷️ Grants - Grant Funding


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🆕 Cycle 34 Review: 10 Projects Compete for Optimism in Superchain TVL Growth

The preliminary review of Cycle 34 involves 27 applications, with 10 advancing to the final review, requesting a total of 13,731,497 OP against a budget of 4,649,070 OP, aiming to boost Superchain TVL growth. The final selections are due by March 20th, and feedback from declined applicants will help refine the Grants Council's processes, though some projects may not receive full funding due to budget constraints.

🏷️ Grants - Grant Proposal / Application
🏷️ Grants - Grant Funding


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