Open opjulian opened 4 months ago
Hey team, Im representing RACE Network team and I am getting the following message:
Also seeing the same message above upon logging in.
You should be able to join the space using the following link: https://app.charmverse.io/invite/5e28cc
@iainnash @mbuffara
We’ve received several questions about the eligibility criteria for this program. The Foundation would like to clarify that the original intent of this program was that it would apply only to L2 Chains that are contributing revenue to the Collective. You can see that in the suggested framework, which suggests allocations be made “pro-rata based on contribution to the Collective to date” and that a portion of allocation be reserved for new chains “defined as having launched mainnet within the last six months.”
Nothing about the suggestions made in the original proposal have changed. However, a spreadsheet was linked in this proposal that also included chains that have only launched on testnet and this caused some confusion among applicants. That spreadsheet was shared across multiple teams, creating a dependency that we should have monitored more closely.
The Grants Council has furthered clarified the framework they will use to administer this program here: CharmVerse - The Network for Onchain Communities
It’s important to remember that the authority to determine the framework by which these grants are distributed has always been granted to the Grants Council as stated here:
While grant decisions will ultimately be determined by the Grants Council, the Foundation suggests an objective framework like the below for relative allocation under this Mission Request
Delegate Mission Request: Support the Superchain
Application Link
Make sure you’re logged in with Farcaster, and make sure you choose the correct S6 Mission field (this will be the same name as the title of this Mission Request).
If you're having trouble joining the Optimism Grants Council space, join via this invite link
Mission Request Summary: L2 Chains listed in the Superchain Registry (or similar) will be able to request OP to make grants within their own ecosystems. This is similar to Distributed Domain Allocation and creates a scalable strategy to support the broader Superchain by empowering OP Chains to leverage their ecosystem specific expertise.
S6 Intent: Intent 3B
Proposer: Optimism Foundation
Total grant amount: 12M OP (approved as part of the Intent budget)
Should this Mission be fulfilled by one or multiple applicants: Multiple
How will this Mission Request help accomplish the above Intent?
What is required to execute this Mission Request?
The Grants Council will process applications from OP Chains requesting tokens to run their own grants program but will not process individual grant applications for other OP Chains.
While grant decisions will ultimately be determined by the Grants Council, the Foundation suggests an objective framework like the below for relative allocation under this Mission Request:
We suggest allocating 65% of the Intent 3B Budget to OP Chains already in the Superchain, distributed pro-rata based on contribution to the Collective to date (excluding OP Mainnet).
We suggest reserving the remaining 35% of the Intent 3B Budget for new OP Chains, defined as having launched mainnet within the last six months, joining the Superchain throughout the Season. In the case of new Chains, we recommend budget be allocated according to the Foundation’s Superchain Health Dashboard.
We suggest a cap of 3M OP for any individual L2 OP Chain, to prevent winner takes all dynamics.
OP Chains should be able to apply in any grants cycle throughout Season 6 to accommodate new chains coming online.
Requirements for participating chains:
OP Chains are expected to disclose:
(i) the amount of unlocked tokens they’ve received to date from the Foundation, and
(ii) the total amount of their Foundation grant size.
no additional Foundation grant deal terms are to be disclosed
Qualifying OP Chains do not have to have an existing public grants program in order to apply.
OP Chains should brand these grants as “supported by the Optimism Governance Fund.”
Participating OP Chains are encouraged to make grants consistent with approved Mission Requests under Intent #3A.
Participating OP Chains are highly encouraged to coordinate with the Grants Council on best practices to create a consistent grants application process across the Superchain and to avoid repeating mistakes we’ve already learned from. The Grants Council may design mechanisms to facilitate shared learnings and/or OP Chains applying to this program may be required to collaborate with the Grants Council to adapt best practices.
Grants made by OP Chains will also be subject to the Collective Grant Policies. The Collective Grant Policies apply to all OP Chain grants programs. OP Chains who receive grants must: (1) abide by these Collective Grant Policies in their grant program (i.e., make grants that follow the requirements set forth in these policies); and (2) not use their grant to run programs that directly target users from any other OP Chain (e.g. making grants to migrate protocols from OP Mainnet to another OP Chain). OP Chains will be expected to provide a list of grants made, as specified by the Foundation, to the Grants Council upon completion of their grant. OP Chains that do not do so, will not be eligble for future Governance Fund grants.
OP Chains participating in this program will be required to sign an agreement with the Foundation.
How should governance participants measure impact upon completion of this Mission?
Milestones:
Metrics:
Impact:
Has anyone other than the proposer contributed to this Mission Request? The Foundation has received feedback from the Season 5 Grants Council and the Collective Feedback Commission.