Prisma Finance, following the DAO vote, Prisma Finance will start using a small part of the funds from the fee receiver PRISMA DAO treasury to fund innovative projects backed by strong teams with creative ideas that focus on benefitting and growing the Prisma ecosystem.
How to apply?
There are two types of grants with the common goal of encouraging and developing the Prisma ecosystem and empowering the community.
-
Rapid Grants (<20k mkUSD, fast process, smaller grants) Fill out this application. The application will only be shared with members of the grants committee. If it passes a round of review, the committee will approve it and send you confirmation within 2 weeks.
-
Community Grants (20k - 100k mkUSD, slower process, bigger grants) Fill out [this application](https://1b87s2mpyjg.typeform.com/to/WZCm3R3E). The committee will assess the proposal and guide you on how to share it on the Prisma governance forum. Positive feedback will lead to your grant being approved.
-
Large Grants (Grants over 100k mkUSD)Grants over 100k mkUSD are outside of the scope of this proposal and will be subject to an on-chain approval by the DAO. The committee is happy to provide feedback given that the application is filled out with your reasonings for applying.
Users or applications with questions may join our dedicated #grants-discussion channel on Discord:
https://discord.gg/prismafinance
Eligibility and criteria for grant funding
Grants aim to encourage and develop the Prisma ecosystem, they are for individuals and teams of all sizes looking to build products and initiatives. Focus areas for funding include:
-
Application development: is a category for teams building an application on top of or integrating any aspect of the Prisma protocol in their project.
-
Tooling: is a category for teams building tools or any related software infrastructure directly beneficial to individuals, institutions, or developers using or building on Prisma.
-
Audits: is a category for applicants that have built an integration or application on top of or using Prisma protocol in some way and are looking for funds to help specifically with code audit costs.
-
Hackathons: is a category for applications from hackathons organizers looking to partner with or be sponsored by PGP.
-
Bounties: is a category for applicants that have found a meaningful vulnerability in the Prisma code base.
Success will be measured by:
-
Increases TVL, LST adoption, or other protocol metrics
-
Expand the capabilities and utility of Prisma
-
Engage new users and enhance retention of current users
-
Grow mkUSD and smkUSD by stimulating demand, expanding its utility, and boosting transactional velocity
Grants Committee
The committee to review those grants will be composed of the following members:
Committee lead: Frank Olson - Core contributor at Prisma Finance
Reviewers: Wavey(Yearn), Winthorpe(Convex), Nader Ghazvini(Frax), Tetranode, DeFi Dad(4RC)