We’re pleased to share the results of the Cycle 36 preliminary review. As we approach the Grants Council’s last cycle, we intentionally delayed this report to give the applicant more time to answer the intake reviewer’s questions. Given the volume received during this cycle, we are confident the budget will be over, and we closed application submissions on April 18th.
Key Statistics:
- Total Applications received: 21
- Previous Cycle rollovers: 5
- Passed preliminary review: 12 (2 pending)
- Score Required to Advance: 7 or higher
Audits requests submitted: 13 new and 3 rolled over from the previous cycle
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:
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Total OP Requested by Finalists: 4,143,333 OP
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Grants Council Budget: 386.000 OP
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Total OP Requested for Audits: 1,624,752 OP
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Audits Budget: 417.134 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 May 1st!
Cycle 36 projects list:
| Nr | Title | OP requested | Avg Score | Result |
|---|---|---|---|---|
| 1 | PoolTogether | 300,000 | 7.66 | Pass to Final Review |
| 2 | Bedrock’s Base & BOB LRT Growth Plan | 235,000 | 7.33 | Pass to Final Review |
| 3 | Bedrock’s Optimism & Mode LRT Growth Plan | 133,333 | 7.33 | Pass to Final Review |
| 4 | Aave on OP mainnet | 380,000 | 7.33 | Pass to Final Review |
| 5 | Strands | 95,000 | 7 | Pass to Final Review |
| 6 | Exa App | 50,000 | 7 | Pass to Final Review |
| 7 | Pareto’s Credit Vaults | 200,000 | 7 | Pass to Final Review |
| 8 | XLend S7 Grant Applicarion | 50,000 | 7 | Pass to Final Review |
| 9 | PancakeSwap on Base | 300,000 | 7 | Pass to Final Review |
| 10 | yUSD: Institutional Yield on Superchain | 100,000 | 7 | Pass to Final Review |
| 11 | Pell Network on BOB | 100,000 | 7 | Pending |
| 12 | Seamless Leverage Token Grant Application | 300,000 | 7 | Seamless Leverage Token Grant Application |
| 13 | SuperVol S7 TVL Application | 50,000 | 6.33 | Pending |
| 14 | obUSD incentive program: Season 1 | 65,000 | 6 | Pending |
| 15 | Uniswap on BOB | 100,000 | 5.67 | Declined |
| 16 | Hermes: Supporting Superchain TVL Growth | 50,000 | 5.66 | Declined |
| 17 | pwn.xyz | 110,000 | 5.66 | Declined |
| 18 | Send App: Earn Protocol Incentives | 125,000 | 5.66 | Declined |
| 19 | thirdweb x Interoperability Across Superchains: Grant Application | 250,000 | 5.33 | Declined |
| 20 | Superchain Eco x Glo Dollar | 75,000 | 5 | Declined |
| 21 | T-RIZE Tokenization Platform | 1,000,000 | 5 | Declined |
| 22 | Nudge | 40,000 | 5 | Declined |
| 23 | Oxcart Legitimacy Dashboard | 100,000 | 4 | Declined |
| 24 | Koki’o | 333,333 | 2 | Declined |
| 25 | SONEX(Soneium) Grant Application | 500,000 | - | Pushed from Cycle 35 |
| 26 | Aave | 2,000,000 | - | Decllned |
| 27 | Resolv: Bootstrapping USR and RLP TVL on Base and OP Mainnet | 100,000 | - | Pushed from Cycle 35 |
| 28 | f(x) Protocol deployment on Base | 100,000 | - | Pushed from Cycle 35 |
| 29 | Morpho Incentives | 700,000 | - | Pushed from Cycle 35 |
| 30 | Pendle x Ethena: Bootstrapping USDe/sUSDe TVL on Base | 500,000 | - | Pushed from Cycle 35 |