Thank you for submitting this grant application! Throughout the application process, this forum thread will be one of the official means of communication. Please be sure to monitor it for updates over the course of the review period.
At this stage, applications are mainly being reviewed for completeness, and nothing at this stage should be construed as support or opposition by any members of the Grants Council.
As a general rule, we recommend grant plans extend no more than six months into the future, if only because the market value of OP is volatile. This is not a hard and fast rule, however, and applicants are free to disregard if they feel their plan has a compelling reason to be longer.
Because critical milestones must be met to unlock successive tranches of any approved grant, we recommend making them as clear and unambiguous as possible. An example might be, “Reach 250k USD in project-funded rewards within six months of the receipt of the grant. Documentation will be provided to the Grants Council to easily verify when this milestone is completed. This documentation will include, to the extent available, what portion are new projects and which migrated from another chain.”
We also recommend a statement somewhere in the grant plan that explicitly states team wallets will be excluded from both key metrics and any rewards.
Further guidance on milestones can be found here: Milestone Assessment
Thank you, and GFX Labs or other Grants Council members will follow up here with any further questions throughout the process. Do not hesitate to ask questions here (tagging whichever Council Member a question is for, or @GrantsOps generally, will increase the speed of response).