[Application] Ditto Protocol - NFT Futures

Hello

As there has been no activity from other Grants Committee members, I am going to say this is a “no” for now.

My rationale is below:
A project that is DeFi + working with things like futures/options trading, ought to be financially viable on its own. Whether it’s through fees, arbitrage, or some other profit taking mechanism you come up with, I don’t see any reason why you’d need this work to be grant funded. It should fund itself from the start.

Given this and the fact that there is not much here related to open source technology (aside from the fact that the work would presumably be on GitHub), it’s also not a strong candidate in terms of contributing to FOSS.

The way this might be beneficial to Radicle is at a later date.

For example, the Treasury has over $200M worth of assets and there may be better ways to allocate those assets. If/when your futures protocol is up and running, there might be a use-case for us to tap into it for risk management (hedging risk with futures, etc.)