Compound Grants Program 2.0 goes live on 16th January 2023.
Here is everything you need to know!
CGP 2.0 will be run by Questbook and led by Harsha, who will be the program manager. This is a community-run grant program. Grants are spread across four domains, each led by a Domain Allocator(DA).
Each DA will rigorously review all proposals and disburse up to $200K over the next six months. They will also mentor builders, give feedback on proposals and ensure milestones are met.
The domains and the respective DAs are:
- New protocol ideas and dApps by allthecolors
- Security Analysis Tools & Security Bounties by Michael
- Developer Tooling by Madhavan
- Multi-chain Strategy by Bobby
CGP 2.0 will prioritize:
- Transparency in fund disbursement, everything is on-chain.
- Turn-around time (TAT) of 2 days.
- Oversight and mentorship to make sure milestones are hit.
Blockchain Lawyers Group (BLG) will be working with us to ensure legal compliance. BLG’s independent legal advisors will support CGP 2.0 with contractual drafting, KYC standards, and any legal issues that may arise during the grant disbursement phase, and provide early-stage legal support to projects.
You’re all caught up now. If you or someone you know is passionate and believes they can contribute meaningfully to Compound, we encourage you to apply through the QuestBook tool on the 16th.
We are looking forward to your proposals.
For more information about the program and how it was developed, check out this thread.
If you have questions, please reach out to us in the #grants channel in the Compound Discord.