CGP Monthly Updates

December, 2023

Hi all, following the renewal of CGP 2.0, we are kickstarting monthly reports to increase visibility and enhance community participation for the current iteration of CGP. Our primary goal is to provide a comprehensive overview of all proposals to the community each month. This update focuses on the proposals submitted following the end of the last iteration since June 30th, 2023. Details of all the submitted proposals can be viewed here.

Summary

  • Total Number of Proposal Submitted - 41
    • New Dapps and Ideas - 29
    • Multi chain and Cross chain strategy/Dev Tooling - 9
    • Security Tooling - 3
  • Total Number of Grants Approved - 2
    • New Dapps and Ideas - 2
    • Multi chain and Cross chain strategy/Dev Tooling - 0
    • Security Tooling - 0
  • Acceptance Rate - 4.8%
  • Total Funds Disbursed
    • For proposals accepted in December - $0
    • For proposals continuing from the last iteration - $33,500

A detailed overview of all the submitted proposals in the current iteration along with their status can be viewed here

December, 2023 - Details of Approved and Funded Proposals

Accepted Proposals

New Dapps and Ideas

  1. Bad debt dashboard - Compound III (Polygon + Arbitrum + Base) support

    This specific project of Risk DAO will monitor accrued bad debt on any of the Compound v3 markets. The bad debt dashboard (https://bad-debt.riskdao.org/) is an open source initiative that is developed and maintained by the Risk DAO collaborative. It features the insolvency level of all major lending markets, and provides transparency for users who interact with those platforms. For example, some platforms, e.g., Venus Finance or Inverse Finance, have huge bad debt, but they never display it on their website.

    Requested grant amount - $4,000 across one milestone

  2. Comet extension for supporting Real world assets on Compound - Implementation

    “This proposal is a continuation of our work delivered as milestones in CGP 2.0 and is also described on a Compound forum post. This proposal aligns well with RFP B1 and B2 and the objective is to drive lending and borrowing on Compound. The github repo for the project is here. “

Requested grant amount - $18,000 split across four milestones

Milestone Funding Updates for Accepted Proposals from the Last Iteration

New Dapps and Ideas

Proposal Milestone Completed Grant Amount Paid Out
Compound AI Chatbot Milestone 3 and 4 Milestone - 3 : $4000, Milestone - 4 : $4000
Compound V3 Subgraph Milestone 3 and 4 Milestone - 3 : $2000, Milestone - 4 : $2500
Paytr protocol Milestone 3 Milestone - 3 : $3500
Web3 Widgets (frontends) for Compound III contracts embeddable in any webpage Milestone 2 Milestone - 2 : $2500
Compound v3 Comprehensive Intelligent Analytics App Milestone 4 Milestone - 4 : $5000 (Forum Post Update)
zkGraph & zkAutomation: Upgrading Indexing and Automating Liquidation Milestone 2 Milestone - 2 : $3000 (Forum Post Update)

Developer Tooling

Proposal Milestone Completed Grant Amount Paid Out
Compound API Kit Milestone 4 Milestone 4 : $5000 (Forum Post Update)
Compound Governance Maintenance Milestone 4 Milestone 4: $2000

Other Updates

All proposers will now be able to edit and resubmit their updated proposals upon resubmission request from domain allocators, without the need to submit a completely new proposal under a different name. This enhancement is currently live on Questbook. We request all proposers and domain allocators to use this improvement going forward.

Proposals that have been approved but are inactive, with no updates on their progress towards the next milestone since the last iteration, will not be eligible for the next milestone review and payout one year after their proposal acceptance. This is to ensure that funds are not allocated for non active proposals. Proposers will receive a notification about this one month before the end of the one-year period. Additionally, if a proposer whose proposal was previously approved but became inactive (for one year after approval) wishes to reapply, they will still be considered ineligible for their proposal review.

We welcome the community members to share their feedback and comments below. We are actively working with partners, including Alphagrowth, to attract more high-quality proposals to submit their proposals. Lastly, we request the community members to direct projects that align with CGP’s domains and RFPs to submit their proposals here

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January, 2024

Overview

This update primarily focuses on the proposals submitted and accepted in January, 2024 while also covering any funded milestones from the last iteration (if any). Details of all the submitted proposals can be viewed here.

January, 2024

Summary

A cumulative summary of all proposals can be found below for the current iteration of CGP

  • Total Number of Proposal Submitted - 51 (+10 in Jan)
    • New Dapps and Ideas - 32 (+3 in Jan)
    • Multi chain and Cross chain strategy/Dev Tooling - 15 (+6 in Jan)
    • Security Tooling - 4 (+1 in Jan)
  • Total Number of Grants Proposals Approved - 9 (+7 in Jan)
    • New Dapps and Ideas - 8 (+6 in Jan)
    • Multi chain and Cross chain strategy/Dev Tooling - 0
    • Security Tooling - 1 (+1 in Jan)
  • Overall Acceptance Rate ~ 17.6%
  • Total Funds Disbursed - $37,521 (+4,021)
    • For proposals submitted in January - $4,021
    • For proposals submitted in the last iteration - $33,500

A detailed overview of all the submitted proposals in the current iteration along with their status can be viewed here

January, 2024 - Details of Accepted and Funded Proposals

Accepted Proposals

New Dapps and Ideas

  1. Perps on top of Compound v3

    “This proposal aims at increasing borrowing activity through leveraged trading by integrating Compound v3 (on all chains) as a liquidity source on Contango. Contango builds perps by automating a looping strategy on money markets, through flash loans.”

    Requested grant amount - $15,000 split across four milestones

  2. Compound v3 Multi-chain User Portfolio Tracker

    “This proposal aims to build a Compound v3 user portfolio tracker. This will empower users to gain valuable insights into their portfolio’s growth, positions, interactions, and account health across multiple chains. By addressing these user-centric questions, this proposal aims to enhance the overall user experience and understanding of their Compound v3 portfolios.”

    Requested grant amount - $30,000 split across three milestones

  3. Compound v3 Risk & Analytics Tooling pt. 2

    ”Following the successful completion of the proposal to implement Compound v3 Risk & Analytics Tooling on Ethereum mainnet, this proposal aims to extend the Warden Finance integration for Compound v3 to support Polygon, Arbitrum and Base deployments. Upon completion of this proposal, the Warden Finance integration will allow exploring and running risk simulations for the entirety of Compound v3 deployments”

    Requested grant amount - $25,000 split across three milestones

  4. Anthias.xyz x Compound VaR Tooling Grant Proposal

    ”This proposals aims to create Value at Risk simulation modeling with Anthias Table View and Graph View for Compound V3. Value at risk is the potential loss in value of a given position given a specified time period and confidence level. VaR modeling helps users understand the potential worst case scenario based on historical and probabilistic parameters.”

    Requested grant amount - $24,000 split across three milestones

  5. Compound v3 Analytics Dashboard Upgrade

    ”This proposals aims to improve Block Analitica’s dashboard by including remaining 5 markets now missing from current dashboard: USDC & ETH v3 markets on Arbitrum, Polygon and Base. Block Analitica has been a MakerDAO risk service provider since 2020.”

    Requested grant amount - $17,500 split across five milestones

  6. GitHub Crawler for Compound

    This proposal aims to keep the electric-capital/crypto-ecosystems project, which is frequently used in the web3 ecosystem, constantly updated for compound.

    Requested grant amount split across - $4,640 split across five milestones

Security Tooling

  1. Compound - Proposal Safety Checks

    ”This proposal focuses on two main aspects: enhancing the “Seatbelt” framework for better security and reporting in the context of Compound III, and developing a CLI tool for generating Foundry code to facilitate the testing and creation of proposals.”

    Requested grant amount - $39,000 split across six milestones

Other Updates

Community members can now view tags indicating the payout for each milestone on Questbook as soon as a milestone has been paid out. Moreover, domain allocators can now reject or accept proposals in the resubmission state, without needing to wait for the proposers to resubmit their proposals.

Community members can also view comprehensive details related to the current and previous iterations of CGP through a dedicated Compound Grants landing page

We welcome the community members to share their feedback and comments below. Additionally, we request the Compound community to direct high quality proposals that align with CGP’s domains and RFPs to submit their proposals here

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