# \[DRAFT\] \[GF: Phase 1 Proposal\] ZZ Finance

**URL:** <https://gov.optimism.io/t/draft-gf-phase-1-proposal-zz-finance/3667>\
**Category:** Governance Fund: Phase 1\
**Tags:** cycle-8\
**Created:** [October 9, 2022, 10:11am UTC](https://gov.optimism.io/t/draft-gf-phase-1-proposal-zz-finance/3667 "2022-10-09T10:11:22Z")\
**Posts on this page:** 1\
**Showing post:** 23

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**Author:** ![OPGovWatch](https://avatars.discourse-cdn.com/v4/letter/o/f17d59/32.png) [@OPGovWatch](https://gov.optimism.io/u/OPGovWatch)\
**Post date:** [October 12, 2022, 4:09pm UTC](https://gov.optimism.io/t/draft-gf-phase-1-proposal-zz-finance/3667/23 "2022-10-12T16:09:07Z")

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Did you all use the most recent template for this?

> [@Grant Proposal Template \[OLD\]](https://gov.optimism.io/t/grant-proposal-template/3233):
>
> To apply for a grant through the Grants Council, please go [here](https://app.charmverse.io/op-grants/page-701220845245208)Phase 1 Proposal Template v2 All Governance Fund grant proposals will be processed by a Grants Council in Season 3. Please submit your application to the Grants Council [here](https://foul-porch-0eb.notion.site/Optimism-Grants-Council-090bb648d1854136b9630c608da7a8bc) following the process outlined [here](https://foul-porch-0eb.notion.site/Grants-Council-Internal-Procedures-504521342ee0402980321c56f1488542). ALL CYCLE 11 GRANT PROPOSALS SHOULD USE THE UPDATED TEMPLATE [HERE](https://gov.optimism.io/t/grants-proposal-template-cycle-11/5291). Key information about Governance Fund grants 5.4% of the total initial token supply (231,928,234 OP) will be distributed to Optimism projects and communitie…

A few questions on that I’d like to see answers to:

- What is the problem statement this proposal hopes to solve for the Optimism ecosystem?
- How does your proposal offer a value proposition solving the above problem?
- Why will this solution be a source of growth for the Optimism ecosystem?  
• What previous projects the team has meaningfully contributed to?

Additionally, might be helpful to better understand what makes ZZ Finance different or better than existing AMMs on Optimism.

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_[View the full topic](https://gov.optimism.io/t/draft-gf-phase-1-proposal-zz-finance/3667)._