This is a fantastic proposal @bettec. It’s clear, concise, and well-documented. Bravo!
To mirror the comments of @jared and @inkymaze, I do think this proposal would be eligible for the Compound Grants Program which is currently undergoing a community vote. Having said that, we don’t want to put the cart before the horse — let’s wait for the community to finish voting on the grants program before the committee begins to formally evaluate proposals!
In the meantime, maybe I can ask some questions in my capacity as a Compound community member (rather than the lead for the grants program).
- Could you please provide more details on how each milestone would benefit Compound and its community? I think it’s important for the community to know exactly how it stands to benefit from the work you propose to do.
- Are there challenges that you know of today that would make it difficult for you to achieve these milestones on time (e.g., challenges with R&D, lack of FT resources)? It’s important to list out these difficulties in advance for two reasons: (i) acknowledging them ahead of time makes it easier to prepare for the challenges, and (ii) perhaps Compound’s community can help with these challenges.
I also agree with @inkymaze on the funding process. If the grants proposal passes and you apply for a grant, I do think it makes sense to apply for new grant each time a new milestone is met. For example, you could apply for a $10-$30k grant upfront to give you the resources to get started, and then apply for further grants as milestones are delivered.
For full transparency, I should also mention that I invested in Acala while I was at DCG. I know and respect the team, and I believe they can deliver what they say they will deliver. It’s also important to note that I have no economic exposure to Acala (and as far as I know, none of the grants committee members do either…if that’s not the case, they can chime in themselves).