We’re pleased to share the results of Cycle 33’s preliminary review.
Key Statistics:
- Total Applications Received: 35
- Passed Preliminary Review: 27
- Score Required to Advance: 6 or higher
Applications were reviewed and scored by the GrantNerds in this phase and will now move to Final Review.
You can find a detailed list here.
Budget Overview:
- Total OP Requested by Finalists: 13,738,998 OP
- Grants Council Budget: 9.5M OP
Next Steps:
- Finalists will now be evaluated by Final Reviewers.
- An NPS form will be sent to declined applicants to collect feedback and assess the Grants Council’s KPI.
Reminder: Expected Impact on the Intent
The Grants Council awards grants on behalf of the Token House to drive progress toward the Superchain TVL growth mission. In Season 7, all Governance Fund missions are measured against the following success metrics:
Increase Superchain TVL (denominated in USD)
Increase Stablecoin TVL across the Superchain
Increase Wrapped Asset TVL across the Superchain
Increase Bridged Asset TVL across the Superchain
Finalists, please check the “results” tab in your application’s sidebar for feedback. You have until Monday to add any relevant information in the comments.
Stay tuned for final selections by Feb 27th!
Cycle 33 projects list:
| Nr | Title | OP requested | Avg Score | Result |
|---|---|---|---|---|
| 1 | Velodrome Finance | 1,000,000 | 7.33 | Pass to Final Review |
| 2 | Moonwell Core Markets (Base + OP Mainnet) | 600,000 | 7.00 | Pass to Final Review |
| 3 | Pendle x Ethena: Bootstrapping USDe/sUSDe TVL on Base | 1,000,000 | 7.00 | Pass to Final Review |
| 4 | Aerodrome Finance | 650,000 | 6.66 | Pass to Final Review |
| 5 | BMX Grant | 225,000 | 6.66 | Pass to Final Review |
| 6 | Kyo Finance on Soneium | 250,000 | 6.66 | Pass to Final Review |
| 7 | Anzen - RWA backed stablecoin | 500,000 | 6.33 | Pass to Final Review |
| 8 | Extrafi S7 Grant Application | 500,000 | 6.33 | Pass to Final Review |
| 9 | f(x) Protocol deployment on Base | 100,000 | 6.33 | Pass to Final Review |
| 10 | InkyPump & InkySwap: Driving Sustainable TVL Growth on Superchain | 200,000 | 6.33 | Pass to Final Review |
| 11 | Mode DeFAI Application | 600,000 | 6.33 | Pass to Final Review |
| 12 | The Deep: incentive engine to drive TVL for the Superchain | 600,000 | 6.33 | Pass to Final Review |
| 13 | Alchemix AAVE ETH/USDC Vault Grant | 100,000 | 6.00 | Pass to Final Review |
| 14 | Arcadia Finance | 164,000 | 6.00 | Pass to Final Review |
| 15 | iETH | 50,000 | 6.00 | Pass to Final Review |
| 16 | Infinex Grant | 600,000 | 6.00 | Pass to Final Review |
| 17 | Morpho (Base) Grant Application | 500,000 | 6.00 | Pass to Final Review |
| 18 | Morpho Incentives | 1,000,000 | 6.00 | Pass to Final Review |
| 19 | Neemo Finance application | 100,000 | 6.00 | Pass to Final Review |
| 20 | Overtime Grant | 299,998 | 6.00 | Pass to Final Review |
| 21 | QuickSwap Application for OP Grant - Growing TVL on Soneium (Superchain) | 250,000 | 6.00 | Pass to Final Review |
| 22 | Restaking Interoperability for Superchain / Mellow Protocol | 1,000,000 | 6.00 | Pass to Final Review |
| 23 | Sonus Exchange S7 Incentives Application | 50,000 | 6.00 | Pass to Final Review |
| 24 | Spark Liquidity Layer and Savings Deployment on Optimism and Ink | 2,000,000 | 6.00 | Pass to Final Review |
| 25 | Treehouse x Lido: Bringing tETH, wstETH TVL to Base | 600,000 | 6.00 | Pass to Final Review |
| 26 | Uniswap on Base | 650,000 | 6.00 | Pass to Final Review |
| 27 | WOOFi Superchain grant application | 150,000 | 6.00 | Pass to Final Review |
| 28 | 40acres Finance | 100,000 | 5.33 | Declined |
| 29 | Relay + Reservoir Swap: Driving Sustained TVL to the Superchain | 200,000 | 5.33 | Declined |
| 30 | SwapBased S7 Application | 150,000 | 5.33 | Declined |
| 31 | Untitled Bank - Grant Application | 350,000 | 5.33 | Declined |
| 32 | OptiDoge | 20,000 | 3.50 | Declined |
| 33 | Slash Payment on OP mainnet/Base | 10,000 | 1.66 | Declined |
| 34 | FungIPle Application | 100,000 | 1.33 | Declined |
| 35 | Hello Pixel Grant Application | 80,000 | 1.00 | Declined |
