As a follow-up to the previously discussed strategic partnership between Venus Protocol and Gitcoin, we request the transfer of funds to initiate the grant.
Funding Request:
- Total grant amount: $150,000 in stablecoins (USDC, USDT, or DAI)
- Gitcoin fee: $15,000 for designing, setting up, implementing, and managing the rounds
Fund Transfer and Management:
- Venus Protocol will transfer the entire grant amount of $150,000 to a multisig wallet address provided by Gitcoin within 30 days of receiving the address.
- Gitcoin will allocate 10% of the total amount received ($15,000) for operational expenses related to the QF round management and execution.
Gitcoin will handle the design, setup, implementation, and management of the rounds atop Gitcoin Grants Stack. The Venus Protocol team will approve grantees, ensuring alignment with strategic goals and ecosystem development priorities.
The funding rounds will focus on projects contributing to the Venus ecosystem’s growth and development within the following themes:
- Venus Stablecoin Adoption
- Lending and Borrowing Innovations
- DeFi Integrations
- Developer Tools and Libraries
- Venus Governance and Community Engagement
We kindly request the Venus community’s approval to proceed with this strategic initiative. Upon approval, the Venus Protocol and Gitcoin teams will collaborate to finalize the round details, promote the round, and execute the funding process outlined.