This post outlines ideas around forming grants program for Radicle (the “Radicle Grants Program”). Grants programs make it easy for contributors to get paid for doing valuable work. A well-designed grants program can accelerate growth by supplementing the work done by the core team with work done by a broad set of community members.
In a previous post, we outlined potential use cases for the Radicle Treasury and discussed them on last week’s governance call. The community was very receptive to a grants program, and there was lengthy discussion around specific aspects of setup and implementation.
Based on these discussions, we’ve outlined a proposed framework for what a well-designed grants program might look like. This post is meant as an initial framework; our intention is to gather information and feedback from the broader community. We would then use the feedback to create a formal proposal to launch the Radicle Grants Program.
What would the Radicle Grants Program look like?
Funded by the Treasury. The Radicle treasury can provide funding for the Radicle Grants Program, with all grants paid in RAD tokens.
Budget. The program could start with a budget between $500k - $1M per quarter. For context, Uniswap and Compound started with budgets of $750k per quarter and $1M per quarter, respectively. Funds would be controlled in a multisig managed by trusted community members.
Application Process. Applications can involve a written application along with an interview. Speed is important, so applications could be processed in a rolling manner. A portion of funds can be delivered upon application approval, with the rest delivered upon completion (i.e., milestone-based grants).
Funding Priorities. There are many things that can be funded, such as developer grants, incentive programs, marketing, design, education, and more. Ele’s 2021 outlook post includes some guidelines on Radicle’s priorities over the next year.
Built on Radicle Infrastructure. Parts of the Radicle Grants Program could be run on Radicle’s own infrastructure. Radicle Orgs are a useful tool that can be leveraged here.
Team. Existing grants programs largely operate by committee, with a program lead that is assisted by part-time advisors and contributors. This setup allows the committee to move nimbly and provide funding in a timely manner. We believe the best committee members share two features: first they must be capable, and second they must be motivated to actively participate. If you’re interested in being a grants lead or know someone who might be, please reply to this post with 1) your background and interest in Radicle, and 2) what you’d like to see from the Radicle Grants Program.
Questions for the community
- What philosophical principles should applicants stay true to?
- What types of projects would you like to see funded by the Radicle Grants Program?
- What changes/improvements upon existing grants programs (e.g., Uniswap and Compound grants) would you like to see?
- What do you think is the optimal quarterly budget for the Radicle Grants Program?