OceanDAO Round 14 is Live
200,000 OCEAN available for Web3 data economy projects!
Hello, Ocean Community!
OceanDAO is a grants DAO to help fund Ocean community projects, curated by the Ocean community. Anyone can apply for a grant. The community votes at the beginning of the month. The Ocean ecosystem becomes self-sustainable as the builders of the Web3 data economy leverage Ocean Protocol to create products, services, and resources that the community finds valuable and fosters value creation for the Ecosystem.
The OceanDAO website has up-to-date information on getting started with OceanDAO.
OceanDAO’s next funding round — Round 14 — has 200,000 OCEAN available. Submissions are due February 1st 2022; we encourage you to submit early, reach out to the Project-Guiding Work Group for feedback and guidance. The rest of this post has details about Round 14.
Thank you to all of the OceanDAO participants, voters, and proposers.
OceanDAO Round 14 Outline
Funding Amount
There is 200,000 OCEAN in grant funding available in Round 14.
Grant Funding Categories
- Building / improving applications or integrations to Ocean
- Community or developer outreach (grants don’t need to be technical in nature)
- Unleashing data
- Building or improving core Ocean software
- Improvements to OceanDAO itself
Submit your Proposal
As a builder, you can check out the OceanDAO home page to get onboarded and create your proposal. Once completed, you can submit your proposal to our forum: Port.
As a voter, Port is where you can see all proposal details and cast an informed vote.
Proposals that meet the basic criteria are then submitted to Snapshot.
Proposals that receive support from the DAO receive funding in OCEAN.
Project Standing
If you have previously received a grant, you must update your Grant Deliverables inside each proposal to remain in Good Standing. This enables eligibility in upcoming Funding Rounds. Follow the instructions on the Project Standing Dashboard to learn more.
Funding Tiers
To incentivize completion and outcomes we are continuing Funding Tiers, which can be achieved by Teams delivering on their grant promises.
The funding tiers are:
- New Project
- Funding Ceiling: $3,000 USD
- Requires: No one in your project has ever received a grant from OceanDAO. Open to all.
- Benefits: Earmarked. Receive feedback during the application process. Introduced to related projects. Receive support during voting.
2. Existing Project
- Funding Ceiling: $10,000 USD
- Requires: You have completed 1 or more grants.
- Benefits: Same as above. Receive promotion via Newsletter, Twitter, and other channels. Receive support during voting.
3. Experienced Project
- Funding Ceiling: $20,000 USD
- Requires: You have completed 2 or more grants.
4. Veteran Project
- Funding Ceiling: $35,000 USD
- Requires: You have completed 5 or more grants.
Above are the Funding Tiers accessible by projects for OceanDAO Grants Round 13. The amount requested is in USD; the amount paid is in OCEAN token. The conversion rate is the market price on the Proposal Submission Deadline.
Earmarks
“Earmarks” means that there are funds available exclusively to the first three groups listed below, without having to compete. For example, New Teams (Outreach) have 12,000 OCEAN available without having to compete against other projects. Beyond that amount, they have to compete.
- 24,000 OCEAN for New Teams (non-outreach category)
- 12,000 OCEAN for New Teams (outreach category)
- 30,000 OCEAN for Core Tech Initiatives (listed below)
- 134,000 OCEAN for remaining General Grants
A total of 200k OCEAN is available.
Core Tech Earmark & Initiatives
If you are interested in contributing to Ocean Protocol there are earmarked Core Tech Initiatives that are being continuously expanded upon. You can view them inside our wiki.
Please find us in the Core-Tech Working Group discord channel and review your proposal ahead of time to qualify for the Core-Tech Earmark.
Unleash Data Category
In Round 13 we have revised the Unleash Data Category to have the same rules as the rest of the Funding Categories. They can qualify again for funding up to 35,000 OCEAN conditional that Unleash Data projects:
- “Unleash data” has actually always had a broad intent, towards driving Data Consume Volume. It is intended for projects like: becoming a data broker to get data owners’ data into Ocean Market, networking / “hitting the phones” to increase consumption on Ocean Market, integrating Filecoin & publishing data on Ocean Market, etc. Here are further examples. It was never meant to be solely for constructing / maintaining a small number of datasets.
- Whatever is proposed should be high value-add to the Ocean ecosystem.
- Example of poor value-add: requesting a lot of OCEAN to construct / maintain a small number of datasets to sell with expectation of profit. We expect and encourage OceanDAO voters to downvote such proposals.
Burning becomes Recycling
Starting Round 13, any funds remaining inside an Earmark will be recycled into General Grants rather than burned. If there are any funds available at the end, they will be moved back into the Treasury.
For intuition on how burning relates to voting in OceanDAO.
You can find all the steps below:
- [Earmarked Grants] winners are counted first.
- Projects that do not win an [Earmarked Grant] are then considered for funding under the [General Grant] category.
- Any remaining funds inside an Earmark, are then moved towards [General Grants]
- [New & Core Tech] teams are thus eligible to be funded from both [Grant Categories].
- Returning teams are eligible to be funded from [General Grants].
- 50% or more “Yes” Votes receive a grant.
- Any remaining funds inside the [General Grants] Category are moved back to the treasury.
Quadratic Voting
We are planning to ship Quadratic Voting for Round 14.
This will include a portal where participants will be able to register, receive a voting boost, and increase their total voting power.
Please keep an eye on Twitter and Discord for announcements.
Working Groups
Head to the Ocean Discord and dive into each Working Group. There you will find each Working Group’s respective documents, stewards, members list, meeting times, and more:
- Project Guiding Working Group
- Parameters & Roadmap Working Group
- Core Tech Working Group
- OceanDAO Engineering Working Group
- Data Consume Volume Working Group
- Ambassadors Working Group
Working Group Outline
- Each Working Group has its own public discord sub-channel. Then, each Working Group can leverage real-time discord channels (voice/video).
- Each Working Group has its own membership + working process.
- Each Working Group has a weekly or bi-weekly call.
- Each Working Group has Stewards (who’s accountable to run the group), and Members (people who participate and contribute).
Town Hall
Town Hall has been running weekly since the beginning of OceanDAO. Currently the DAO is expanding and with this growth so will the Town Hall.
Town Hall will be a structured presentation and expand its scope to include the entire Ocean Ecosystem where each Working Group presents slides on their current progress and updates
Deadlines
- Proposals Submission Deadline is February 1st at midnight GMT
- Add OCEAN to Voting Wallet by the Proposal Submission Deadline.
- A 2 day proposal Due Diligence Period ends February 3rd, 2022 at 23:59 GMT
- Voting Starts on February 3rd, 2022 at 23:59 GMT
- Voting Ends on February 7th, 2022 at 23:59 GMT
- Funding Deadline on February 21st, 2022 at 23:59 GMT
Starting with Round 13, grant requests via request.finance have been deprecated. Instead, you can now claim the grant directly from the OceanDAO website. Please find instructions on claiming your grant here.
OceanDAO Ecosystem
Visit Ocean Pearl to learn more about each project, track updates, get an overview of the grant process, and follow the Voting Leaderboard.
You can also find all Funding History & Round Data here!
Thank you!
Follow Ocean Protocol on Twitter, Telegram, LinkedIn, Reddit, GitHub & Newsletter for project updates and announcements. And chat directly with other developers on Discord.
