RFF: DeFi Basecamp Expenses

New Order is launching DeFi Base Camp in partnership with Outlier Ventures, the industry leading web3 accelerator, to launch 30-40 DeFi projects over the next two years with the first cohort of projects set to begin in April 2022. Outlier Ventures has been accelerating blockchain-based startups since 2014 in partnerships with various blockchain ecosystem players such as Polkadot, Polygon, Filecoin, etc. It has accelerated a portfolio of startups with a combined value of $1B+, including Cosmos Chainlink, Boson Protocol, Biconomy, etc. To help teams scale their business, DeFi Base Camp offers a network of leading DeFi mentors, layer one blockchains, and investors, along with token design, fundraising, business planning, pitch practice, legal, and marketing support.

The goal for this partnership is to support and accelerate early-stage high potential DeFi projects by sharing and leveraging both New Order and Outlier Venture’s resources, propelling the new digital economy forward. The first cohort (starting April 2022) is expected to have 8-10 projects.

New Order expects to receive 1-1.5% of the token supply (or equity) of each project in the accelerator program. The Base Camp will be governed by the Research Sub-DAO, ensuring proper transparency and task delegation. The candidates for DeFi Base Camp will be soon shared, and will be subject to a vote.

New Order estimates to spend $55k per project to run the DeFi Base Camp accelerator program. Further, a budget of $5k per project will be allocated to the Elected committee to pay out as contributor rewards in the Research workstream. Some anticipated tasks include project due diligence, project selection, and unique tasks related to each accelerated project. This budget will allow engagements to be well staffed resulting in effective execution of acceleration. The contributor budget would further promote assembling an ecosystem of builders, as the engagements will be frequent, encouraging contributors to have long term goals in mind.

Thus, we propose generating a $600k budget for 6 months to fund DeFi Base Camp and launch 8-10 accelerated projects.