Novel Situation #1 - Project should not have a token or raised VC funding

[krrisis]

@kyle

@krrisis

Are we actually also denying projects like Giveth?

Yes, we are (I believe).

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I hate to be the stick in the mud, but I feel like BrightID was rightfully denied matching funds as their project has launched a governance token, which at launch arguably acted more like a liquidity token by offering several yield farming mechanics as well

So, haven’t read all the comments yet, but if this is the case, we’re being inconsistent here.

Giveth is up & running and receiving matching. And they have an entire tokenomics system set up (giveconomy)

BanklessDAO the exact same thing, they have 11 related grants up if I see it correctly, most important one being Bankless Academy I think.

All are receiving matching funds.

(pretty sure there are many more, these are just the ones that popped up)

Edit: Reading up, definitely like Annika’s proposal here & hope this can indeed be owned by the grants team. Great to see this discussion.

@annika

TLDR: I’d propose we work towards some combination of objective metrics like the above two. These will, inevitably, be somewhat arbitrary - and we’ll likely need to experiment and adjust - but in order to scale this program and our approval process, we need to get explicit and start somewhere