PTIP-48: Grants Committee Funding (Season 2)

We are now at the end of the first two quarters (Season 1) of PoolGrants, which was an amazing success! We have received a total of 99 applications and funded 43 of them. We strongly encourage you to check out the grants we funded in the first, second, third, fourth and fifth month. PTIP-14 laid out the creation of the PoolGrants program with a two-quarter pilot program. This PTIP aims to extend the program for another 6 month period.

The committee multisigs currently hold about $155k worth of POOL (@$10) and 196k USDC, across Ethereum and Polygon. We have $67k committed to open grant milestones that have not been paid out and wages and expenses for last month will be another $11k. This leaves us with $273k that will roll over. For the third quarter we are applying for $173k in POOL and $54k in USDC in additional funding, to bring us back to a total of $500k as outlined in PTIP-14. Any amount left over at the end of the third quarter will again be rolled over to the fourth quarter’s funding. Approving this PTIP is meant to signal intent to fund both quarter 3 and 4. The budget for quarter 4 will be requested at the end of quarter 3 through a separate PTIP, in order to limit the funds available in the multisigs at any given time.

Technical specification Transfer 17’000 POOL ($170’000) POOL from treasury to PoolGrants multisig. Transfer 54’000 ScUSDC from treasury to PoolGrants multisig. Multisig’s address: 0xd605bB8A3DA1f7f777276D3c97c828aAc3Dd4252

Full Proposal: https://gov.pooltogether.com/t/ptip-48-grants-committee-funding-season-2/1754