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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 as defined by the Web3 Sustainability Loop.
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.
The 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.
Join the OceanDAO Discord for ongoing collaboration and discussion.
OceanDAO Funding Rounds happen every month and deadline is now THE FIRST TUESDAY OF EVERY MONTH.
| Funding Round | Proposals & 500 OCEAN in Wallet By | 2 Day Due Diligence Window | Voting Starts | Voting Ends | Funding Deadline | Total Round Funding Available |
|---|---|---|---|---|---|---|
| Round 19 | July 5, 2022 at 23:59 GMT | July 7, 2022 at 23:59 GMT | July 7, 2022 at 23:59 GMT | July 11, 2022 at 23:59 GMT | July 25, 2022 at 23:59 GMT | 200,000 OCEAN or 100,000 USD worth of OCEAN (whatever's larger in USD) |
PLEASE NOTE:
- Grants and funding requests must be completed within 2 weeks of winning a grant.
- The amount requested is in USD, but the amount paid is in OCEAN token. The conversion rate is the market price on the given Round's Voting End Period so payment can be done effectively. This determines how much OCEAN will be awarded if a proposal is voted to receive a grant. This is done automatically and updated in our Funding Rounds Airtable.
- Build / improve applications or integrations to Ocean
- Build / improve core Ocean software
- Unleash data
- Outreach / community / spread awareness (grants don't need to be technical in nature)
- Improvements to OceanDAO
Here are Proposal Ideas, per Category. Some ideas / categories are prioritized via earmarks.
- New Project (1st time proposal - nobody received a grant yet)
- New Project "Outreach/Community" (grants don't need to be technical in nature) (1st time - nobody received a grant)
- 2nd/3rd Time (projects with 2nd & 3rd time proposals, protected to mature before competing with big projects)
- Core Tech (Earmarks)
- General
If you have previously received a grant you must submit a Project Update to be eligible for a new round of funding. Please Visit and view overall standings at Project Standings page.
As projects complete their outcomes and add value, the DAO aims to support those teams to scale their work (and therefore funding).
In Round 19, the maximum funding projects apply for will be $20,000 USD.
The Veteran Funding Tier is therefore being removed.
All funding Categories (max per team):
[1 - New Project 🐟]
- Funding Ceiling: $3k USD
- Requires: No one in your project has ever received a grant from OceanDAO. Open to all.
- Benefits: Earmarked. Receive feedback during application process. Introduced to related projects.
[2 - Existing Project 🐠]
- Funding Ceiling: $10k USD
- Requires: You have completed 1 or more grants.
- Benefits: Same as above. Receive promotion via Newsletter, Twitter, and other channels.
[3 - Experienced Project 🐬]
- Funding Ceiling: $20k USD
- Requires: You have completed 2 or more grants.
Visit the Round 18 - Proposals Page for an overview of the funding round, including all proposals submitted.
Or you can visit the Round 18 - Vote Page for a full breakdown of Votes and Grants.
To learn about important dates, visit our DAOCalendar.
To understand Funding Rounds & Grants history, you can view our Future and Previous Rounds Page.
You can view our Public Roadmap to follow the goals of each Funding Round.
Project criteria:
- (1) Value Add
- (2) aligned with Ocean mission
- (3) meet a minimum proposal requirement
- (4) One Project/One proposal.
Important Details are at Project Criteria.
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.
- Use seed.oceandao.org to create projects and submit proposals.
- If you have questions regarding your proposal, come ask our guides: OceanDAO Discord PGWG
- Hot tip: set a significantly lower "minimum USD requested" value = increase chances for partial funding massively (!)
- Get active in OceanDAO Discord, join OceanDAO Town Halls to engage with the community and receive voting support.
- If voted a winner, claim grant.
- Complete the project by submitting your accomplished deliverables in port. If accepted, apply for greater funding.
- Review projects at Ocean Discourse.
- Ask questions in OceanDAO Discord and OceanDAO Town Halls.
- Vote on projects to choose grantees in Ocean Shapshot.
Follow this step-by-step guide on the voting process and rules!
OceanDAO grants supports assets on multiple chains for voting.
Whether you have Ocean on ETH Mainnet, Polygon, or BSC, your voting power is calculated across all separate chains when voting on Snapshot.
In Round 14, Quadratic Voting was introduced.
Quadratic Voting effectively makes voting more fair by having everyone's votes square rooted. This makes big wallets less effective, however to improve our voting experience, we can also boost voting powers for those who are willing to register themselves as voters.
To receive your Boost, you will need to have verified yourself via BrightID and register yourself via our web portal.
You can learn more about it here.
In Round 15, Vote Delegation is being introduced.
You are now be able to assign your voting power to another 0x address so others can vote for you.
We are looking forward to contributors becoming delegates and continuing to champion positive outcomes inside OceanDAO.
- Ocean voting strategies can be found here
- To submit a new strategy into OceanDAO, submit a new PR and
test/scores.tsthat validates the latest OceanDAO strategy. here.
- Amount: In each funding round, winning projects will receive from OceanDAO, up to the maximum of OCEAN Requested if there is enough funds available to be distributed.
- Grantees: Each funding round, Ocean Protocol Foundation (OPF) will define a Maximum OCEAN Requested amount. In Round 9 we are introducing a weight to “No Votes”. This means that “No Votes” will be used to calculate a “Final Score” for each proposal. Projects that receive greater than 50% Yes Votes, will then have a “Final Score” calculated by the formula: Final Score = Yes Votes - No votes. Grantees are determined by highest “Final Score”. Funds are distributed in descending order, until there are no funds remaining. Any remaining funds will be burned.
Funding is conducted through a smart contract inside Ethereum Mainnet. You can learn how to collect your grant here.
Funds for OceanDAO currently come from the OPF.
Learn more about the current OceanDAO grant recipients projects in the List of OceanDAO 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!
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.
You can learn more about our Roadmap and gain insights into what's ahead for OceanDAO.
- FAQ - Frequently Asked Questions
- Value-Add - Criteria for teams, on value-add to Ocean ecosystem
- Proposal Ideas - Holds many proposal ideas, including ones by the Ocean core team
- "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.