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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🆕 MakerDAO: GroveLabs proposes ~$50M ACRDX allocation for Apollo ADCF exposure — on‑chain daily NAV, ~2% fees, quarterly repurchase limits and ~16–17% fund leverage

GroveLabs proposes allocating approximately $50 million to ACRDX, a Plume/Centrifuge‑issued token that feeds 100% into the Apollo Diversified Credit Fund (ADCF) to provide on‑chain, daily NAV accrual and exposure to a largely senior‑secured, floating‑rate credit portfolio managed by Apollo (portfolio ≈ $1.8bn as of July 31, 2025); benefits include institutional service providers and on‑chain recordkeeping, while costs and constraints include ACRDX fee 0.50% p.a. plus ADCF Class I fee 1.50% p.a., quarterly interval repurchase limits (≥5%–25%), KYC/whitelisted transfers, and typical fund leverage of ~16–17% that increases credit, liquidity and valuation risks. \n\nEarly community reaction is limited but positive on yield and access—misher cites returns of “7.7% or higher” and views the 0.5% fee as acceptable—while concerns remain about interval liquidity, redemption suspensions, and other credit/market risks.

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🆕 MakerDAO proposal by PhoenixLabs (Oct 2, 2025) raises supply caps, launches Spark Savings v2, cuts SparkLend USDC/USDT reserve factors to 1% and enables SPK staking

- This is a multi-part Ethereum governance package proposed by PhoenixLabs to be executed on October 2, 2025, that raises supply caps (e.g., PT‑USDe→1B USDS, LBTC→10,000), launches Spark Savings v2 with capped yields and vault limits, adjusts SparkLend reserve factors (USDC/USDT 10%→1%), consolidates rewards into the Spark Liquidity Layer (SLL), sets conservative SLL/OTC transfer limits and SYRUP transfer caps, allocates treasury/grant transfers, and activates SPK staking (stSPK) with controlled operator roles. \n- Benefits: enables larger deposit growth, product expansion, and greater competitiveness (via lower reserve factors) while consolidating rewards and adding operational risk controls; Costs/risks: reduced immediate reserve revenue, higher protocol exposure from larger caps (mitigated by SLL rate limits and multisig controls), and reliance on prudent parameter settings; community reaction: no discussions reported.

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🆕 aura: Urgent proposal for phased Balancer v3 on Plasma EVM — initial control to Balancer Onchain Limited, checkpoints at 1/3/6 months, up to ~$40k DAO revenue by month 6

An urgent proposal seeks approval for a phased Balancer v3 deployment on the Plasma EVM chain, granting initial operational control to Balancer Onchain Limited, launching standard v3 pools aligned with Aave’s day-one liquidity, and tracking TVL/revenue/utilization checkpoints at 1/3/6 months to decide scale, pause, or wind-down. Benefits: early-mover liquidity anchoring, potential DAO revenue (up to ~$40k+ by month 6) and controlled risk via checkpoints and multisig safeguards; costs: no immediate treasury spend though future funding would require separate BIPs; community reaction: vote is ongoing with 0 voters and no visible support or opposition as of now.

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🆕 Scroll Council proposes 3‑month Community Grants Support Program with SCR 312,500 budget, $200–$10,000 awards, milestone USDC payouts and KYC for >$2,000 (apps Sep 22–Dec 19)

The Community Council proposes a 3‑month pilot \"Community Grants Support Program\" to fund events, meetups, hackathons, and flex initiatives with a total budget of SCR 312,500 and per‑grant awards of $200–$10,000, aiming to drive adoption of Scroll products, discover high‑quality builders/dapps, and increase geographic diversity with measurable KPIs and milestone‑based USDC payouts (applications open 22 September to 19 December; all funded initiatives must complete by 31 January, 2026). Benefits include hands‑on onboarding, targeted hackathon tracks, and transparent reporting requirements (Luma registration, satisfaction ≥70%, final reports, KYC/KYB for grants >$2,000); costs/risks depend on execution and compliance, and there have been no community discussions to date.

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🆕 Arbitrum: LimeChain benchmarks Stylus (Rust) vs EVM (Solidity) by reimplementing StarkEx on-chain STARK verifier — finds correctness parity and enables gas-cost benchmarking; budget split published, no community discussion

LimeChain benchmarked Stylus (Rust) vs EVM (Solidity) by reimplementing StarkEx’s on-chain STARK verification pipeline (GpsStatementVerifier.verifyProofAndRegister), showing Stylus can faithfully port complex, computation-heavy zk-STARK verifiers with correctness parity while enabling practical gas-cost benchmarking and tooling improvements. \nBudget allocation: Milestone 1 17%, Milestone 2 20%, Milestone 3 18%, Milestone 4 35%, Milestone 5 10%; there have been no community discussions and no next actions have been determined.

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