I want to add some color to this proposal that Srijith prepared alongside the help of us DA (me, @Juandi, @Flook and @cattin).
Want to start with something that usually goes at the end, and I will do it by quoting something i wrote a few days ago in the Report N° 2 for the domain “New Protocols and Ideas”, knowing that Cattin, Adam and Juan all share the same feeling as I do.
We want to keep going with this mission.
As of now, the available grant programs are
- The Questbook one, covering the range 0-25k, for four different precise domains (protocols, developers, games, community)
- Plurality Labs (a very heterogeneous program, quite agile and very experimentation oriented)
- Arbitrum Foundation, covering a range 0-150k (goes in epoch that are based on specific categories, tends to obviously go more toward arbitrum native protocols)
- STIP, LTIPP which are incentive programs and not bootstrap programs like te aboves, and are also very heavy in term of capitalization (40-50M or more, with grants of up to several millions per protocol)
- GCP which should be live soon, for gaming, that is instead developer oriented, and that can help high spending in a very specific category.
For a better analysis of, in general, how different grant programs (should) work, please read this post.
We feel like the Quesbtook program has really filled the gap between 0-25k. While some alternatives where there, Questbook was a consistent reality, always available, in 4 different categories. I personally think we can do even better with more funding as proposed and a cap of 50k, and not because “we want more money to keep going” as it, sometimes, happen, but more cause I saw the limitation of the 25k in some protocols not being able to properly apply just because the amount available was not enough for their needs.
Obviously this is only doable with improvements and more checks and balances, like the one we integrated in the proposal above that came after calls with the community and chat with delegates.
We are really looking forward to know if this structure suites the DAO. We tried to cover what was missing (ie: a prosecution of the program to keep checking on milestones and distribute funds, in case the program doesn’t get a renewal) and to make the overall program more robust.