Spring 2022 Grants Program

Last semester students received $6,291 in micro-grants for articles (check them out on blockchain.mirror.xyz) ranging from the benefits crypto-gaming gives to gamers (Terry’s Power to the Players) to what land means in the metaverse (Quintus’ Land, Teleportation & Web Dynamics in the Metaverse). This was significantly less than the prevailing $15k budget we set aside so we’d like to focus on supporting even more students’ contributions to the blockchain space this semester.

This semester we also want to experiment with retroactive public goods funding (https://medium.com/ethereum-optimism/retroactive-public-goods-funding-33c9b7d00f0c) and will apportion 10% of the grants funds this semester to go towards retroactive prizes at the end of this semester for grant participants. Lion DAO members will then vote for the top 5 grant-funded projects that will get this 10% of grant funds evenly distributed to them.

Reminder: this vote requires 20% of LION holders to participate and will pass if there is 51% of votes for a particular option.