[DRAFT] [GF: Phase 1] Utopia Labs

[AxlVaz]

Please update the proposal with this template for evaluation.

Grant Proposal Template [OLD]

To apply for a grant through the Grants Council, please go here 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 following the process outlined here. ALL CYCLE 11 GRANT PROPOSALS SHOULD USE THE UPDATED TEMPLATE HERE. 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 commu…