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
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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
-
“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
-
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
-
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
-
”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