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OceanDAO offers community grants curated by the broader community of OCEAN holders. It's key to growth and sustainability of the Ocean Protocol ecosystem. (Details.)
OceanDAO is a great way to get involved, by doing a project or by voting in OCEAN to help steer the future of the ecosystem.
Funding is for projects of these types:
- Build / improve applications or integrations to Ocean
- Outreach / community (grants don't need to be technical in nature)
- Unleash data
- Build / improve core Ocean software
Here are proposal ideas.
Project criteria: (1) ROI towards growth (2) aligned with Ocean mission. Details on criteria are in the page for a given funding round.
Current
| Funding Round | Proposals Due By | Voting Ends | Amount |
|---|---|---|---|
| Round 2 | Feb 1, 2021 at 23:59 GMT | Feb 4, 2021 at 23:59 GMT | 10000 OCEAN |
Funds are dispersed within 24h of voting ending.
Future
OceanDAO funding rounds are monthly, with proposals due on the first of every month then a 3 day voting window thereafter.
| Funding Round | Proposals Due By | Voting Ends | Amount |
|---|---|---|---|
| Round 3 | Mar 1, 2021 at 23:59 GMT | Mar 4, 2021 at 23:59 GMT | "" |
| Round 4 | April 1, 2021 at 23:59 GMT | April 4, 2021 at 23:59 GMT | "" |
| .. | .. | .. | .. |
Previous
| Funding Round | Proposals Due By | Voting Ends | Amount |
|---|---|---|---|
| Round 1 | Dec 14, 2020 at 23:59 GMT | Dec 21, 2020 at 23:59 GMT | 10000 OCEAN x 5 recipients |
Here are steps for a given funding round.
- For Projects: Submit your project proposal. Answer community questions. The community votes whether to fund your project.
- For Community Curators: Learn about project proposals. Then, vote. Any OCEAN holder can vote. Vote for the projects that you think will add the most value. The weight of your vote is based on your OCEAN holdings.
- Post a proposal following this template, to Ocean Discourse.
- Answer questions in OceanDAO Discord and OceanDAO Town Halls.
- Receive grant, if voted a winner.
- Do the project. Doing well here helps future funding requests.
- Review projects at Ocean Discourse.
- Ask questions in OceanDAO Discord and OceanDAO Town Halls.
- Vote on projects to choose winners in Ocean Shapshot.
Follow this step-by-step guide on the voting process and rules!
Grant Recipients:
In Funding Round 1, each winning project will receive 10,000 OCEAN from OceanDAO. There will be 5 winners: the top 5 highest voted proposals (additionally, to receive a grant you must also receive greater than 1% of the vote).
Funds will be disbursed to the grantees within 24 hours after voting ends.
Funds for OceanDAO currently come from Ocean Protocol Foundation (OPF).
Non-Grant Recipients:
If you were not selected for a grant in this Funding Round, we highly encourage you to continue to stay involved in the Ocean community. You are appreciated! There are future OceanDAO funding rounds on the first of every month starting in February 2021, and other opportunities to receive funding.
OceanDAO Town Hall is a regular videochat gatherings among community members, open to all. It’s a great place to get to know the community. Here you can ask questions, share proposal feedback, and more.
The Town Hall page has more info, including dates.
The best practices and technology around DAOs are still evolving. OceanDAO’s strategy is to “bake slowly” — to ratchet up value-at-risk over time, to give space to learn and for technology to improve. Accordingly, the amount of funds per Funding Round may vary, and OPF reserves the right to make changes in general. The aim is: if OceanDAO creates positive value, then the funds allocated to OceanDAO will go up.
- FAQ - Frequently Asked Questions
- Proposal Ideas - Holds many proposal ideas, including ones by the Ocean core team
- On ROI - Return on Investment (ROI) is a key criterion. Here's some ways to think about it.
- "Introducing OceanDAO", Ocean blog, Nov 30, 2020 [link]
- "The Web3 Sustainability Loop (OceanDAO context)", Ocean blog, Sep 1, 2020, [link]
It has the links and up-to-date information you need, to participate as a project team member or as a community curator. Being a wiki enables rapid update cycles, changeable by everyone to improve it.