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

6 Likes

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

2 Likes

February, 2024

Overview

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

February, 2024

Summary

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

  • Total Number of Proposal Submitted - 60 (+9 in Feb)
    • New Dapps and Ideas - 39 (+7 in Feb)
    • Multi chain and Cross chain strategy/Dev Tooling - 17 (+2 in Feb)
    • Security Tooling - 4
  • Total Number of Grants Proposals Approved - 14 (+5 in Feb)
    • New Dapps and Ideas - 10 (+2 in Feb)
    • Multi chain and Cross chain strategy/Dev Tooling - 3 (+3 in Feb)
    • Security Tooling - 1
  • Overall Acceptance Rate ~ 23.3%
  • Total Funds Disbursed - $77,549 (+~$40,028 in Feb)
    • For proposals submitted in the current iteration - $44,049 (+~$40,028 in Feb)
    • 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

February, 2024 - Details of Approved and Funded Proposals

Accepted Proposals

New Dapps and Ideas

  1. Alcancía - Increasing developer integration and TVL through cUSDCv3 swaps.

    “Alcancia enables users to earn yield on their digital dollars (USDC) without navigating complex smart contracts or protocols. This proposal seeks follow on support to migrate Alcancía’s wallet infrastructure towards Compound Finance, with the goal of simplifying integration with DeFi protocols, increasing liquidity, and reaching a broader user base in Latin America.”

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

  2. Compound Academy by Layer3

    “This proposal aims at creating a collection of quests and streaks aimed at acquiring users onboarding, engaging, and retaining users on Compound V3, together called ‘Compound Academy. These quests will guide users through Compound V3, Compound Extensions, and Compound Governance.”

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

Multi Chain/Cross Chain and Developer Tooling

  1. Compound Multichain Migration Bots for ETH & USDC Markets on ETH, BASE, ARBITRUM

    “This proposal is aimed at providing on-chain, fully automated service for Compound users to migrate their ETH and USDC positions from one chain to another where Compound markets exists”

    Requested grant amount split across - $25,300 split across three milestones

  2. Launch USDT Market on Compound v3 Mainnet

    ”This proposal aims at the addition of USDT to Compound V3. Franklin DAO proposes to lead this effort via governance proposals and interactions as well as deploying the market. The proposal requires audit and governance approval before proceeding with the technical integration”

    Requested grant amount split across - $4,500 split across four milestones subject to governance approval

  3. Bonadocs

    ”This proposal aims at making Compound’s documentation self-sufficient by implementing a custom widget that will allow users to call the protocol’s contract methods directly inside Compound’s documentation.”

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

Milestone Funding Updates for Accepted Proposals

New Dapps and Ideas

Proposal Milestone Completed Grant Amount Paid Out
Understanding & Improving the Governance Participation at Compound Milestone - 3 Milestone - 3 : ~$7,000
Compound AI Chatbot Milestone - 5 Milestone - 5 : ~$5,000
Bad debt dashboard - Compound III (Polygon + Arbitrum + Base) support Milestone - 1 Milestone - 5 : ~$4,000
GitHub Crawler for Compound Milestone - 1 Milestone - 1 : ~$2,000
Anthias.xyz x Compound VaR Tooling Grant Proposal Milestone - 1 Milestone - 1 : ~$7,000
Alcancía - Increasing developer integration and TVL through cUSDCv3 swaps Milestone - 1 Milestone - 1 : ~$10,000
Compound Academy by Layer3 Milestone - 1 Milestone - 1 : $6,000

Other Updates

All stakeholders can now post images to the comments section while discussing the considered proposal on Questbook.

We invite 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

1 Like

March, 2024

Overview

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

March, 2024

Summary

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

  • Total Number of Proposal Submitted - 68 (+8 in March)
    • New Dapps and Ideas - 46 (+7 in March)
    • Multi chain and Cross chain strategy/Dev Tooling - 17
    • Security Tooling - 5 (+1 in March)
  • Total Number of Grants Proposals Approved - 16 (+2 in March)
    • New Dapps and Ideas - 11 (+1 in March)
    • Multi chain and Cross chain strategy/Dev Tooling - 3
    • Security Tooling - 2 (+1 in March)
  • Overall Acceptance Rate ~ 23.5%
  • Total Funds Disbursed - $99,549 (+$22,000)
    • For proposals submitted in the current iteration - $44,049
    • For proposals submitted in the last iteration - $55,500 (+~$22,000)

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

March, 2024 - Details of Accepted and Funded Proposals

Accepted Proposals

New Dapps and Ideas

  1. Economic Risk Simulation Engine for Compound v3 by Chainrisk

    “Through this proposal, Chainrisk proposes to onboard the Compound community into its risk and simulation platform to test Compound V3 (Comet) Modules ( Interest Rates, Collateral and Borrowing, and Liquidations Module ), and new protocol upgrades in various market scenarios.”

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

Security Tooling

  1. Improved Chain Technical Risk Checklist for New Market proposals by DefiSafety

    “This proposals aims to assess possible improvements in the existing Compound multi-chain deployment checklist and generate a number of examples for community feedback and additional relevant data for the community.”

    Requested grant amount split across - $28,000 split across four milestones

Milestone Funding Updates for Accepted Proposals

New Dapps and Ideas

Proposal Milestone Completed Grant Amount Paid Out
Compound V3 Alternative UI Milestone - 2 Milestone - 2 : $10,000

Multi Chain/Cross Chain and Developer Tooling

Proposal Milestone Completed Grant Amount Paid Out
Direct cross chain interoperability Milestone - 1 and 2 Milestone - 1 : $11,000, Milestone - 2 : $1,000

Other Updates

Community members can now view the status (complete, in-progress, or inactive) of every grant proposal accepted in the current and previous iteration at https://compoundgrants.questbook.app/. We invite 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

2 Likes

April, 2024

Overview

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

April, 2024

Summary

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

  • Total Number of Proposal Submitted - 80 (+12 in April)
    • New Dapps and Ideas - 55 (+9 in April)
    • Multi chain and Cross chain strategy/Dev Tooling - 19 (+2 in April)
    • Security Tooling - 6 (+1 in April)
  • Total Number of Grants Proposals Approved - 18 (+2 in April)
    • New Dapps and Ideas - 13 (+2 in April)
    • Multi chain and Cross chain strategy/Dev Tooling - 3
    • Security Tooling - 2
  • Overall Acceptance Rate ~ 22.5%
  • Total Funds Disbursed - $172,049 (+$72,500)
    • For proposals submitted in the current iteration - $97,049 (+53,000 in April)
    • For proposals submitted in the last iteration - $75,000 (+$19,500 in April)

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

April, 2024 - Details of Accepted and Funded Proposals

Accepted Proposals

New Dapps and Ideas

  1. Extend Compound Academy/Education by DoDAO

    “This proposal is an extension of Compound Education and aims at producing a range of videos and enhancing features on the Compound academy website, which have received positive feedback from users.”

    Requested grant amount split across - $20,500 split across three milestones

  2. Compound Alerts (Analytics) by Zac

    “This proposal aims to develop Compound Analytics, a system that provides real-time analytics and reporting for the Compound community. The project will empower Compound users by delivering key metrics, market trends, governance updates, and other important information.”

    Requested grant amount split across - $8,500 split across two milestones

Milestone Funding Updates for Accepted Proposals

New Dapps and Ideas

Proposal Milestone Completed Grant Amount Paid Out
Anthias.xyz x Compound VaR Tooling Milestone - 2 Milestone - 3 Milestone - 2 : $8,000 Milestone - 3 : $9,000
Torque: Instant Loans on Comet Milestone - 3 Milestone - 3 : $2,500
Compound v3 Risk & Analytics Tooling pt. 2 Milestone - 1 Milestone - 1 : $10,000
Alcancía - Increasing developer integration and TVL through cUSDCv3 swaps. Milestone - 2 Milestone - 2 : $7,000
Compound Academy by Layer3 Milestone - 2 Milestone - 2 : $6,000

Security Tooling

Proposal Milestone Completed Grant Amount Paid Out
Compound - Proposal Safety Checks Milestone - 2 and Milestone - 3 Milestone - 2 : $8,000 Milestone - 3 : $8,000
Improved Chain Technical Risk Checklist for New Market proposals Milestone - 1 and Milestone - 2 Milestone - 1 : $7,000 Milestone - 2 : $7,000

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

3 Likes

May, 2024

Overview

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

May, 2024

Summary

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

  • Total Number of Proposal Submitted - 92 (+12 in May)
    • New Dapps and Ideas - 64 (+9 in May)
    • Multi chain and Cross chain strategy/Dev Tooling - 21 (+2 in May)
    • Security Tooling - 7 (+1 in May)
  • Total Number of Grants Proposals Approved - 23 (+5 in May)
    • New Dapps and Ideas - 17 (+4 in May)
    • Multi chain and Cross chain strategy/Dev Tooling - 3
    • Security Tooling - 3 (+1)
  • Overall Acceptance Rate ~ 25%
  • Total Funds Disbursed - $215,049
    • For proposals submitted in the current iteration - $140,049
    • For proposals submitted in the last iteration - $75,000

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

May, 2024 - Details of Accepted and Funded Proposals

Accepted Proposals

New Dapps and Ideas

  1. Comet Rewards Improvement by Pasha Bergman

    This proposal aims to build a solution that allows Comets to incentivize participants with
    multiple tokens.*”

    Requested grant amount - $28,750 split across four milestones

  2. Compound v3 Analytics App - Extension to Arbitrum, Polygon, and Base by Krishna Hegde, Sarmad Nazki, Yadunandan Batchu, Sharan Nair

    We propose to improve our dashboard by adding the remaining markets now missing from the current dashboard: USDC & ETH v3 markets on Arbitrum, Polygon, and Base.

    Requested grant amount - $15,200 split across three milestones

  3. Compound DAO Governor Upgrade by ScopeLift team

    “This proposal aims to execute an upgrade to the Compound DAO’s onchain Governance contracts.”

    Requested grant amount - $50,000 split across three milestones. The allocated grant amount for this proposal will be distributed between two domains - New Dapps and Ideas, and Security Tooling, taking into account the size of the allocated amount.

  4. cUSDC Adoption Boost - Integration by QiDao on Several Chains

    “This proposal aims to increase native USDC deposits on Compound’s Base deployment via the use of QiDao’s new PSM contract.”

    Requested grant amount - $10,000 split across two milestones

Security Tooling

  1. Automated Asset Analysis Report

    “This proposal aims to develop a tool to generate automated “Level 1” reports for assets suggested by community members to streamline their evaluation for Compound Finance.”

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

Milestone Funding Updates for Accepted Proposals

New Dapps and Ideas

Proposal Milestone Completed Grant Amount Paid Out
Alcancía - Increasing developer integration and TVL through cUSDCv3 swaps. Milestone - 3 Milestone 3: $7,000
Economic Risk Simulation Engine for Compound v3 Milestone - 1 Milestone1 : $5,000
Compound Academy by Layer3 Milestone - 3 Milestone 3: $6,000
Perps on top of Compound v3 Milestone - 1 and 2 Milestone 1 : $8,000, Milestone 2 : $5,000
Compound v3 Multi-chain User Portfolio Tracker Milestone - 1 and 2 Milestone - 1 : $3,500, Milestone - 2 : $8,500

Other Updates

CGP Demo Day

Mark your calendars! We will showcase the achievements and impact of CGP grantees through a demo day, which we will organise during the Compound Community Call on June 12th, 2024. This will provide an opportunity to the grantees to present and discuss their projects with the Compound community. In the coming weeks, we will be working on submitting a proposal for the next iteration of the Compound Grants Program.

We invite the community members to share their feedback and comments below.

1 Like