Identify Opportunities
Find resources and opportunities to help grow Synthetix.
grantsDAO
Governs the process of public goods funding, contributing to the growth of the Synthetix protocol.
The grantsDAO is responsible for managing grants and leading initiatives.
The scope of managing grants includes:
Guiding Applicants
Through the required processes and protocols.
Interviewing Applicants
And evaluating proposals for granting purposes.
Voting on Proposals
And distributing approved funds to grantees.
The grantsDAO consists of five community and team members who will review proposals for SNX grants that contribute to the project. This is a huge milestone for the project as it marks the first phase of the transition to decentralised governance.
part of the greater Distributed Decentralised Autonomous Organisations responsible for the well being, growth and adoption of the Synthetix protocol.
THE PROCESS
- Follow the link and go to the GRANTS page
- Click on the "APPLY FOR GRANT" button
- Fill in the TITLE & DESCRIPTION
- Ensure you cover all the following sections:
- Overview
- Value to the Synthetix Protocol or Community
- Applicant Background
- Implementation Plan
- Additional Information
- Funding Required ($ Value)
- This will automatically create a Snapshot where the grantsDAO members will vote on the Application after deliberations.
- A 3/5 YES vote will mean the Grant has been approved.
NOTE: This is Version 1 of our site. We will be rolling out regular enhancements on how we technically manage the Grant application process and introduce our smart contract.
TREASURY
The twin purpose of setting up the grantsDAO is to provide greater transparency and decentralisation to the project. All proposals will be available for public viewing at snxgrants.io, meaning the community will be able to see at a glance all the proposals that have been accepted and rejected, as well as any that are pending.
These members were determined by rough consensus through our Discord community. In the near future we will look to expand the number of members via community consensus.
Potential initiatives that could be proposed to the DAO include infrastructure, promotional content, and dApp front-end hosting. But don’t be locked in by these suggestions — anything that contributes to the Synthetix ecosystem is worth a proposal!
