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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🆕 nethermind (grant-funded by dYdX Grants) proposes cutting dYdX fee tiers from 9 to 7, replacing market-share rules with linear volume tiers ($50M/$100M/$200M), expected ~$80k/month cost, on-chain proposal possible Sep 18, 2025

nethermind (grant-funded by dYdX Grants) proposes simplifying dYdX fee tiers from 9 to 7, removing market/exchange share requirements and replacing them with linear, volume-based tiers (new tiers at $50M, $100M, $200M volumes with maker/taker rates as specified) to lower entry barriers for market makers and boost liquidity and competitiveness. Expected benefit is deeper liquidity and clearer progression; estimated short-term cost is about $80,000/month affecting ~30 accounts (based on August data), the community has had no discussions so far, and an on-chain proposal may be submitted on September 18, 2025 if there is no significant objection.

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🆕 Optimism Grants Council Cycle 41: 1 approved (200k OP), 1 declined, 17 under review; tooling and AI upgrades aim to speed reviews, ~6.09M OP remaining

Cycle 41 Grants Council Report (first under Season 8) summarizes results: 1 application approved (40acres.finance — 200,000 OP), 1 declined (Intraverse — 30,000 OP), 17 applications in review, with 2,969,998 OP requested, 200,000 OP approved, Season 8 budget 6,290,000 OP and ~6.09M OP remaining. \nBenefits: process/tooling upgrades (Karma GAP migration, opgrants.io, milestone tracking) and AI-assisted filtering aim to improve review quality and efficiency; costs: conservative approvals slow immediate capital deployment; community reaction: no discussions.

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🆕 Proposal: Uniswap DAO to recognise canonical v3 on Plasma, transfer v3 ownership, use Wormhole for cross‑chain governance, approve $250k UNI while Plasma offers up to $5M XPL incentives

- Proposal for the Uniswap DAO to recognise and authorise a canonical Uniswap v3 Core and Periphery deployment on Plasma, designate Wormhole as the cross-chain governance messenger, transfer Uniswap v3 contract ownership to the Uniswap DAO, and approve $250,000 in UNI from the UAC discretionary fund for six months to be coordinated via the Uniswap Growth Program and Merkl, while Plasma commits up to $5,000,000 in XPL incentives over six months and provides front-end/integration support. \n- Benefit: boots liquidity for key stablecoin pairs and standardises cross-chain governance; Cost/Risk: UNI matching ($41,600/month) is conditional on Plasma distributing ≥$500,000/month (no matching if a month falls below that threshold); Community reaction: no discussions reported.

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🆕 gEURO requests $50k from GnosisDAO to launch €1 stablecoin on Gnosis Chain (Liquity V2 fork) — 75% of borrowing fees to holders, GnosisDAO gets protocol revenue share + 15% of future token

gEURO requests a $50,000 GnosisDAO grant to fund audit and legal work for a €1.00-pegged CDP stablecoin on Gnosis Chain (Liquity V2 fork by RaidGuild) that uses sDAI/wstETH/GNO/osGNO/WBTC collateral, NFT vaults, user-set interest rates, and a revenue split that gives 75% of borrowing fees to gEURO holders while granting GnosisDAO a protocol revenue share plus 15% of any future governance token. Benefits: creates a native, yield-bearing euro stablecoin that deepens GNO utility, integrates with Gnosis Pay/RWAs/Circles and aims to drive TVL (target $25M) and on-chain euro settlement; costs: $50k upfront grant and allocation of future token/revenue share to GnosisDAO; community reaction: vote shows early positive support (For 15,069.47; Against 0; Abstain 0; 10 voters) but is far from the 75,000 quorum.

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🆕 Uniswap Foundation Q2 2025: $110.1M in tokens, $49.8M stables, 5M UNI posted as collateral for $29M loan; runway to Jan 2027 and $110.2M in grants earmarked

An unaudited summary of the Uniswap Foundation’s Q2’2025 financials for the quarter ended June 30, 2025 shows $49.8M in USD/stables on hand, 15.4M UNI and 241 ETH (tokens valued at $110.1M at June 30, 2025 rates), an additional 5M UNI posted as collateral for a $29M loan, an expected runway through January 2027, $110.2M of grants/incentives earmarked (with $93.3M to be committed in 2025–2026), $35.5M allocated for operations through January 2027, Q2 commitments of $6.5M and disbursements of $4.9M, YTD revenue of $141.3M, and Q2 operating expenses accrued of $1.8M (YTD $3.7M). \n\nThe benefits are clear liquidity and capacity to fund large grants and operations through January 2027 supporting ecosystem stability; the costs/risks include leverage and market exposure from the $29M UNI-backed loan and general token-price sensitivity; there have been no community discussions reported, and Q3’2025 results will be provided in the next update.

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🆕 Proposal to evolve Jupiter into community-powered ecosystem with JECF, 3,000,000 JUP liquidity incentives and 1,000,000 JUP innovation grant

A strategic proposal to evolve Jupiter into a community-powered ecosystem via three pillars—Jupiter Engagement & Contribution Framework (JECF) with a gamified Jupiter Orbit Portal, Strategic Liquidity Provisioning (SLP) with an initial 3,000,000 JUP incentive allocation, and $JUP Utility Expansion Pilots (JUEP) backed by a 1,000,000 JUP Innovation Grant Fund—aims to boost governance participation, liquidity depth, real-world utility, and brand perception. Benefits: higher voter engagement, improved slippage/TVL/trading volume, and expanded non‑speculative use cases; costs: allocated token incentives and treasury/multisig approvals for funding and program execution; community reaction: no public discussions to date.

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🆕 Frax Finance proposes $2,999 one‑time grant to BuildUnion for public project-tracking dashboard (12 months maintenance, ML risk detection)

A temp-check proposes funding BuildUnion $2,999 one-time (includes 12 months basic maintenance) to build a public Project Progress Tracking Dashboard for Frax Finance with milestone tracking, real-time updates, automated alerts, lightweight ML risk detection, visualizations, and role-based admin tools. Benefits: improved transparency, earlier detection of delays, standardized reporting, and easier governance participation; community reaction: vote ongoing with 1 voter (0.25 votes For, 0 Against) against a required quorum of 8,252,476, so participation is extremely low.

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🆕 MakerDAO users question status of "Home | MakerDAO Community Portal" after rebrand to Sky and seek where to find funding/grants

- A user asked whether the MakerDAO-branded \"Home | MakerDAO Community Portal\" is still active after Maker rebranded to Sky and migrated resources, seeking where to find funding/grants within the Sky ecosystem; clarifying the portal’s status would help contributors reliably discover funding opportunities. \n- The cost of ambiguity is potential missed or outdated grant information, the community has not discussed this, and no next actions have been determined.

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🆕 Frax approves AMO whitelist and allocation caps for sfrxUSD balance sheet — $95M to Curve, $52M to lending, integrations $1M–$30M, external-request cap min($2M, 1% TVL); proposal passes overwhelmingly

- Frax has approved a whitelist of AMO strategies and explicit allocation caps for the sfrxUSD balance sheet (per FIP-430), allocating capital across Curve (sfrxUSD-frxUSD $50,000,000; reUSD+sfrxUSD $5,000,000; sfrxUSD-USDe $40,000,000 with Convex where optimal), lending venues (Fraxlend Ethereum $30,000,000; Fraxlend Fraxtal $2,000,000; Euler frxUSD $10,000,000; Aave USDe/sUSDe $10,000,000), Fraxtal and Ethena integrations (various $1,000,000–$30,000,000 commitments), with blue-chip protocol/T V L and yield-floor guardrails and external-request caps (initially min($2,000,000, 1% of sfrxUSD TVL)).
- Expected benefits are stronger sfrxUSD yield benchmark status, deeper liquidity and peg stability, and improved net returns via Ethena/Pendle exposure, while costs/risks are capped exposure to non-blue-chip venues, potential liquidation/redemption/liquidity risks mitigated by rules, and governance retains discretionary allocation; the proposal passed overwhelmingly with 14 voters and 32,539,492.62 votes cast (For 32,539,492.54; Against 0.08).

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🆕 dYdX to propose making CoinRoutes an official integration partner, granting 50% of protocol fee share for routed order flow and execution tech — on-chain vote Sept 18, 2025; community replies limited but supportive (2)

- This proposes approving CoinRoutes as an official dYdX integration partner, granting CoinRoutes 50% of the protocol’s share of trading fees for users routed via the integration in return for institutional order flow, best-in-class execution technology, and alignment with dYdX. \n- The benefit is potential increased order flow and reduced slippage for traders; the cost is forfeiting half of the protocol fee share to CoinRoutes, and community reaction is limited but supportive based on two replies; if unopposed an on-chain proposal is planned for Thursday, September 18, 2025.

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🆕 Optimism Season 8 Audit Grants: 123,300 OP approved of 656,560 requested, budget preserved to prioritize open‑source Superchain projects

- This summarizes Season 8 Audit Grants decisions: FinDEX was approved for 90,300 OP and SuperDCA for 33,000 OP, Arcadia Finance (53,950 OP) and Swaps.io (87,500 OP) were put on hold, several projects were rejected, total requested was 656,560 OP, total approved 123,300 OP, season budget 581,726.40 OP with 458,426.40 OP remaining. \n- Benefits: preserves a large remaining budget and prioritizes open‑source, Superchain‑focused, high‑impact projects and ASP contributions to improve code quality; costs: allocated OP amounts for approved projects and opportunity costs from many rejections; community reaction: no discussions reported.

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🆕 Gitcoin seeks GG24 pre-ratification for $1.235M across six domain-specific matching pools with $692.5K co-funding and council oversight

Gitcoin is asking GG24 pre-ratification for six domain-specific matching pools totaling $1,235,000 (contingent on each domain reaching at least 80% of its goal) with a planned co-funding of $692,500 and oversight by a GG24 Matching council (MathildaDV, Sov, Luuk); funds are mostly in ETH with a strategy to increase stablecoin allocation and earn yield on idle assets, and Giveth will operate core ops for Dev Tooling & Infrastructure while Gitcoin handles QF payouts after sybil checks.
The expected benefits are faster GG24 execution, stronger operator alignment, reduced treasury volatility, and clearer thematic focus; the cost is the $1,235,000 matching commitment (plus the $692,500 co-funding), and the community vote currently favors approval with quorum met (3,357,036.12/2,500,000) and tallies: For 1,856,122.78, Abstain 1,500,913.34, Against 0.

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🆕 Gnosis pilot: $40K Growth Fund via GNO conviction voting on Gardens to fund community-led initiatives; Gardens Core to operate setup free

A pilot proposes seeding a Gnosis Growth Fund with $40,000 in GNO-controlled conviction voting on Gardens (a Gnosis Gardens community, three governance pools, customizable parameters) to fund small community-led ecosystem initiatives—$10,000 upfront plus $30,000 streamed over three months—with Gardens Core handling setup and operations at no charge while asking Gnosis DAO to provide the $40,000, amplify announcements, and give feedback. Benefits: increases GNO holder agency, funds diverse small-scale growth initiatives, and tests conviction voting and sybil-resistant participation with low overhead; cost: $40,000; community reaction: vote has early support (28 voters, For 5.90, Against 0, Abstain 0) but is far from the 75,000 quorum.

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🆕 ENS DAO proposal to reimburse eth.limo $109,818.82 for legal/compliance costs to maintain eth.limo/eth.link free ENS gateway

- This requests ENS DAO reimburse eth.limo $109,818.82 to cover ongoing legal and compliance fees for operating the eth.limo/eth.link free ENS gateway, which eth.limo says is critical public-goods infrastructure providing 24/7 support for Ethereum-native dApps and content. \n- Benefits: sustains the gateway, eases legal/compliance burden on a small team, and supports ENS representation in legal contexts; Costs: the $109,818.82 payout; Community reaction is limited but uniformly supportive across three replies.

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🆕 Gnosis DAO vote: $10k bounty for cergyk after disclosure of Nethermind consensus discrepancy that could have caused chain split

- Proposal to award a one-time $10,000 bounty to cergyk for responsibly disclosing a Gnosis Chain consensus discrepancy — fixed in Nethermind on 17 March 2025 (PR #8376) — that could have caused a chain split by allowing a proposer to set coinbase to a contract created-and-self-destructed in the same block; benefit: prevented a potential critical split and large staking losses and recognizes a white-hat contribution, cost: $10,000 if approved.
- Vote is ongoing with 14 voters and 15,196.36 votes For (0 Against, 0 Abstain), quorum of 75,000 not yet met, so community members are urged to vote and, if passed, the DAO will pay $10,000 to cergyk.

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