Cycle 34 Preliminary Review Results

Governance Fund Missions 🏹 Grants Updates
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We’re pleased to share the results of Cycle 34 preliminary review.

Key Statistics:

  • Total Applications received: 27
  • Previous Cycle rollovers: 12
  • Passed preliminary review: 10
  • Score Required to Advance: 7 or higher
  • Audits submission up until today: 29

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: 13,731,497 OP
  • Grants Council Budget: 4,649,070 OP

Next Steps:

  • Finalists will now be evaluated by Final Reviewers.
  • A finalists list was sent to the DAB for technical review.
  • 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:

:white_check_mark: Increase Superchain TVL (denominated in USD)
:white_check_mark: Increase Stablecoin TVL across the Superchain
:white_check_mark: Increase Wrapped Asset TVL across the Superchain
:white_check_mark: Increase Bridged Asset TVL across the Superchain

Stay tuned for final selections by March 20th!

We want to welcome QuillAudits to the Audits Service Provider. Congratulations for passing the whitelisting process!

Cycle 34 projects list:

Nr Title OP requested Avg Score Result
1 Euler Finance - Season 7 500,000 7.33 Pass to Final Review
2 Stargate Finance Grant Application 500,000 7.33 Pass to Final Review
3 Uniswap on Superchain 1,000,000 7.33 Pass to Final Review
4 Bedrock’s LRT Growth Plan 500,000 7.00 Pass to Final Review
5 Compound SuperChain Expansion - OP, Base, Unichain 600,000 7.00 Pass to Final Review
6 Fluid DEX on Base 500,000 7.00 Pass to Final Review
7 LRT Rewards on SwellChain : KING Protocol 200,000 7.00 Pass to Final Review
8 Morpho Co-Incentives (World Chain) 464,000 7.00 Pass to Final Review
9 Mountain Protocol (USDM) - Grant Application 130,000 7.00 Pass to Final Review
10 Sake Finance 250,000 7.00 Pass to Final Review
11 Veil.cash 25,000 6.66 Push to Cycle 35
12 PoolTogether 300,000 6.66 Declined
13 SONEX(Soneium) Grant Application 100,000 6.00 Declined
14 Tempest Finance 250,000 6.00 Declined
15 40acres Finance 120,000 5.66 Declined
16 DeSyn Protocol (Liquidity Infra) 50M TVL Growth Proposal 1,000,000 5.66 Declined
17 Hermes: Supporting Superchain TVL Growth 200,000 5.66 Declined
18 Contango S7 application 199,997 5.33 Declined
19 Resolv: Bootstrapping USR and RLP TVL on Base and OP Mainnet 1,000,000 5.33 Declined
20 Spot/IOU - Social Loans 200,000 5.33 Declined
21 PROSPERAVEST ESG LTD 55,000 5.00 Declined
22 SwapBased S7 Application 80,000 5.00 Declined
23 Orderly 200,000 4.33 Declined
24 WalletKit Chain Abstraction 500,000 3.66 Declined
25 Astar Collective - S7 TVL Application 500,000 3.00 Declined
26 Soccersm TVL Application 200,000 3.00 Declined
27 CryptoSI Vest - Grant Application 18,500 2.33 Declined
28 Anzen - RWA backed stablecoin 500,000 Pushed from C33
29 Arcadia Finance 164,000 Pushed from C33
30 BMX Grant 225,000 Pushed from C33
31 Extrafi S7 Grant Application 500,000 Pushed from C33
32 f(x) Protocol deployment on Base 100,000 Pushed from C33
33 iETH 50,000 Pushed from C33
34 Mode DeFAI Application 600,000 Pushed from C33
35 Morpho Incentives 700,000 Pushed from C34
36 Neemo Finance application 100,000 Pushed from C33
37 Pendle x Ethena: Bootstrapping USDe/sUSDe TVL on Base 1,000,000 Pushed from C33
38 Sonus Exchange S7 Incentives Application 50,000 Pushed from C33
39 WOOFi Superchain grant application 150,000 Pushed from C33
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