Allow developers to apply for grant funding that will enable them to create applications on top of the HOPR protocol that are in-line with the HOPR core values. DAO members would then vote on the grant proposals and the funding to be awarded.
There must be real-world use-cases for HOPR to grow and become more widely adopted. Useful, high-quality, high-value applications will create a network effect and aid with the mass adoption of the HOPR protocol.
Proposals that meet all requirements can be voted on by the DAO. The DAO or HOPR team should suggest what type of applications would add the most value and potentionally set spending limits on application categories and potentially stipulate that certain categories or application types be not-for-profit and freely available for anyone to use.
The grant proposal should clearly explain funding requirements which can be reviewed as part of the DAO voting process. Overall funding can be all or a portion of the available DAI the DAO controls. I would suggest a deadline for grant proposal submission and reviewing those proposals first before allocating any of the available funding. If there are any proposals in part or in whole worth using the entire allotment of funding, it can be available. I could easily see one third to one half of the available funding leftover for other projects though. This will simply depend on the proposals being submitted and it should be reasonably easy to determine if a grant proposal’s effort is in-line with its funding requirements. In addition to the DAI allocation, a provision of HOPR tokens could be allocated to worthy grant proposals in the future.
Thanks for this proposal @Emmerson_Biggins
I think this is almost valid (although I would also love to see more info in the description and implementations section, if you have it).
The only real blocker is the budget though. I understand that you’d set a budget requirement on individual grants under this plan, but how much of the available DAI would you plan to allocate to the grant scheme as a whole? All of it?
Updated. Let me know if you have questions. Thanks!
Thanks for the update, although weirdly you’ve managed to transform it from incomplete to invalid
The budget for this part of the vote is the DAI the DAO controls, not the HOPR tokens. I think this is easy to resolve though:
If you would like to propose this as a use for HOPR tokens the DAO controls, we can move this to the HOPR token discussion category. Note that it then won’t be voted on for this experiment - we’re only voting on the eight official proposals made by the HOPR Association - but we’re definitely considering all proposals made for the future.
You can change the currency from HOPR tokens to DAI, to bring it in line with this branch of the vote.
2b. It would also be valid to add a provision for spending HOPR tokens on grants, but this would need to be in addition to the DAI allocation.
Updated. Thanks for setting me straight. :)
Thanks for the update! I’ve now tagged this proposal as valid. You can find it in the official list here: https://forum.hoprnet.org/t/proposal-3-dao-approved-grants-for-dapp-development/
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Agree, attracting more developers to join Hopr’s ecosystem can increase the value capture of Hopr’s ecosystem.