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.
The current distribution plan of this grant falls afoul of the no-sale rule as described in this post, specifically the “marketing activities” portion. :
Please read this post and, if desired, re-structure the grant in a way that follows those guidelines.
Some additional comments:
- The requested grant size of 100k OP is valued at ~$250k based on market prices. DeFi Llama is showing a TVL of $1.3M. I would recommend adjusting the requested size of the grant lower or elaborating on why the size is justified.
- We would really like to see much more detail on the distribution plan.
- More detail is needed for the milestones. These milestones need to be explicit and concrete, as well as include critical milestones on which some of the grant distribution will be based. You can read more about milestone expectations here: Milestone Assessment
Keep in mind I am just one member of the grants council and my opinions do not necessarily reflect those of the other members.
Feel free to let me know if you have any questions!
Michael