OceanDAO Round 8 is live!
What you need to know for Round 8 of OceanDAO
OceanDAO Grants
Hello, Ocean Community!
For those new, OceanDAO is a community-curated funding system directed towards projects building in the Ocean Protocol ecosystem.
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.
Grant Funding Categories:
- Building or improving applications or integrations to Ocean
- Community or developer outreach (grants don’t need to be technical in nature)
- Unleashing data
- Building and/or improving core Ocean software
- Improvements to OceanDAO itself
For up-to-date information on getting started with OceanDAO, we invite you to get involved and learn more about Ocean’s community-curated funding on the OceanDAO website.
The goal is to grow the DAO each round. We encourage the $OCEAN ecosystem to apply or reapply AND to vote! Thank you to all of the participants, voters, and proposers.
OceanDAO Round 8 Announcements and Guidelines
Round 8 Rules
There is $275,000 USD in grant funding available in Round 8. The max request limit per proposal is $17,600 USD.
Please Note: The amount requested is in USD, but the amount paid is in OCEAN token. The conversion rate is the market price on the Proposal Submission Deadline (August 3rd at midnight GMT). This determines how many OCEAN will be awarded if a proposal is voted to receive a grant.
Proposals with 50% or more “Yes” Votes received a grant, until the “Total Round Funding Available” is depleted in descending number of votes received order.
35% of “Total Round Funding Available” is earmarked for New Projects. Earmarked proposals were eligible for entire “Total Round Funding Available”; returning (general) grants are eligible for 65%.
As a builder, submit your project proposal on the Round 8 Ocean Port Forum. As a voter, this is where you can see all the expanded proposal details to make an informed vote decision.
Additionally, you can check out the OceanDAO Round 8 Proposal Submission Dashboard to see all the proposals in one place as they are submitted.
The grant proposals from the snapshot ballot that meet these criteria are selected to receive their Funding Amount Requested (in OCEAN) to foster positive value creation for the overall Ocean Protocol ecosystem.
Timing
- Proposals submission deadline is August 3rd at midnight GMT
- A 2-day proposal due diligence window, ending Aug 5, 2021 at 23:59 GMT
- Voting Starts & Add OCEAN to Voting Wallet By Aug 5, 2021 at 23:59 GMT
- Voting Ends on Aug 9, 2021 at 12:00 PM GMT
If your Proposal is voted to receive a grant, please submit a Request Invoice to the Ocean Protocol Foundation (OPF) for the OCEAN granted amount.
OceanDAO Ecosystem
Continue to support and track progress on all of the Grant Recipients here!
Much more to come — join our Town Halls to stay up to date. Thank you!
