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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🆕 Uniswap DAO Proposal Seeks $375k to Boost Liquidity in BOB Network Pools, Awaits Quorum

The proposal seeks $375k from the Uniswap DAO to enhance liquidity and user engagement on Uniswap V3 pools within the BOB Network, with BOB committing $500k over six months. While the majority of votes are in favor, the proposal has not yet reached the quorum of 10,000,000 votes, requiring increased voter participation for approval.

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


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🆕 Grants Council Cycle 35 Report: 6 Approved, 6 Deferred, 9 Declined with 2,050.000 OP for TVL Growth

The final report for Cycle 35 of the Grants Council in Season 7 details the approval, deferral, and decline of applications, with 6 approved, 6 deferred, and 9 declined, and a total OP granted for TVL Growth of 2,050.000. The decision not to request additional OP unless necessary may lead to more efficient resource allocation, and there have been no community discussions or next actions determined.

🏷️ Grants - Grant Program Update


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🆕 ENS Labs Seeks $9.7M for ENSv2, Announces Leadership Changes and Transparency Initiatives

The ENS Labs Quarterly Progress Reports highlight a major funding request for ENSv2 Development, leadership changes, and an increased annual budget of $9.7M USDC, with commitments to transparency through quarterly reports starting in Q1 2025. These developments aim to accelerate innovation and improve user experience, though there has been no community discussion or determined next actions.

🏷️ Grants - Grant Funding


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🆕 Balancer Maxis Announces Funding Round with Notable Achievements and Challenges

The discussion focuses on the funding round for Balancer Maxis from Q4 2024 to Q1 2025, highlighting achievements like the launch of Balancer v3 and challenges such as delays in fee processing due to smart contract issues. The community reaction is limited, with one positive response appreciating the transparency and accomplishments, while the team saved $75k USDC, indicating prudent financial management.

🏷️ Grants - Grantee Update


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🆕 Compound Growth Program Interim Extension with $340K USDC Budget Faces Challenges

The interim extension of the Compound Growth Program, running from May 1st to July 1st, 2025, with a $340,000 USDC budget, aims to enhance the Compound ecosystem through mandates like chain success and asset deployment, while some projects are on hold pending the Compound Foundation's establishment. The program includes incentives from Mantle, Optimism, and Ronin, but the discontinuation of the StakedCOMP project may negatively impact stakeholders, and there has been no community discussion or determined next actions.

🏷️ Grants - Grant Program Update


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🆕 Gitcoin April 2025 Meeting: $1.2M Grants Distributed Amid Financial Shortfalls

The Gitcoin Monthly Meeting for April 2025 discussed financial updates, product roadmap, and Gitcoin Grants, highlighting achievements like a $1.2M grant distribution and a $3M commitment from an enterprise partner, but also noted financial shortfalls with Q1 revenue at 50% of the goal and a net profit YTD of -$700K. There have been no community discussions or determined next actions.

🏷️ Grants - Grant Funding


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🆕 LEGO Allocates DAI 500,000 for Ethereum Liquid Staking Ecosystem in Q2 2025

LEGO's Q1 2025 report highlights its contributions to the Ethereum liquid staking ecosystem, including DAI 115,000 in grants, with a consistent budget of DAI 500,000 for Q2 2025, aimed at supporting infrastructure and development. There have been no community discussions or determined next actions.

🏷️ Grants - Grant Program Update
🏷️ Grants - Grant Funding


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🆕 Euler Labs Secures $7.7M USDC Contract Renewal with Euler Foundation for 2025-2026

The proposal to renew the contract between Euler Labs and the Euler Foundation for $7.7 million USDC from April 1, 2025, to March 31, 2026, has been overwhelmingly supported by the community, reflecting cost savings and efficient resource use compared to the previous year. This renewal aims to continue the development of Euler products and maintain security and risk management, with the contract subject to annual review by the DAO.

🏷️ Proposal - Result: Passed
🏷️ Grants - Grant Funding
🏷️ Security


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🆕 DeepGov: AI-Driven Governance Experiment on Gitcoin for Public Goods Funding

DeepGov is an experimental initiative integrating AI with community governance to fund public goods, featuring AI politicians that generate funding proposals subject to community feedback and a $25K matching pool managed through quadratic voting. The project could revolutionize public goods funding by incorporating diverse values and AI decision-making, though it may face challenges in balancing needs and cost-effectiveness, with no current community discussions or next actions determined.

🏷️ Grants - Grant Proposal / Application


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🆕 MorphoAssociation's 2024 Contributor Grants Await DAO Vote for Ethereum and Base Projects

The 2024 Contributor Grants by MorphoAssociation are being reviewed for approval, focusing on funding existing reserves to support projects like Morpho Blue, Morpho Vaults, and infrastructure improvements on Ethereum and Base. The community has not yet discussed this, and a DAO vote on Snapshot will determine the approval of these grants.

🏷️ Grants - Grant Funding
🏷️ Proposal - Currently voting


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🆕 Proposal to Deploy Frax Protocol Tokenized AI Agent on ATP by IQ Seeks Funding

The proposal by starseedsprotocol seeks funding to deploy a Frax Protocol tokenized AI Agent on the ATP by IQ, offering benefits like enhanced user engagement, liquidity, and revenue through a grant of 12K FXS tokens and a service payment of 7K FXS tokens. The community has not yet discussed the proposal, and no next actions have been determined.

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


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🆕 DAO Bi-Weekly Recap: Network Upgrades, Community Grants, and Leadership Changes

The bi-weekly recap highlights significant updates for the DAO, including the approval of two upgrade proposals that enhance network performance, increased grant approvals fostering community projects, and leadership changes in the Milestones & Metrics Council. There have been no community discussions or determined next actions.

🏷️ Grants - Grant Funding
🏷️ Changes - Community Improvement


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🆕 Cycle 35 Audit Grants Approve 582,876 OP for Security, Opt for Early Season Conclusion

The Cycle 35 Audit Grants final report details the approval of five audit applications totaling 582,876 OP, with a remaining budget of 417,124 OP, and the decision not to request additional OP may lead to an earlier season conclusion. The approved grants aim to enhance project security, while 14 deferred applications will be reconsidered in Cycle 36, and there has been no community discussion or determined next actions.

🏷️ Grants - Grant Program Update
🏷️ Security - Audit


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🆕 Morpho Protocol Deployment on Plume Mainnet Proposed with $2M Incentive Plan

The proposal by PlumeJason involves allocating $1.5 million in incentives for deploying the Morpho Protocol on the Plume mainnet, with an additional $500,000 from the Morpho DAO contingent on milestones, aiming to increase adoption and ecosystem growth by integrating real-world assets onchain. There is no community reaction or determined next actions, and the deployment is expected to be completed by April 30.

🏷️ Grants - Grant Proposal / Application
🏷️ Changes - New deployment


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🆕 Proposal Seeks $50,000 LEGO Grant for Blockchain Policy and Decentralization Advocacy

A proposal requests a $50,000 grant from LEGO to support the Decentralization Research Center's advocacy and education initiatives, aiming to influence blockchain policy and promote decentralization. The proposal outlines key deliverables like a report on decentralization criteria and hosting a tech summit, with no community discussions or next actions noted.

🏷️ Grants - Grant Proposal / Application


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