Provide grant funding to Vaults.Pro team

Simple Summary Provide a one-time grant of 235,000 EUR equivalent of stablecoins to the Vaults Pro team to assist in getting them from "0 to 1".

Background Premia has funds set aside specifically for providing grants to projects and protocols looking to add value to the Premia ecosystem. Premia was recently approached by the Vaults Pro team regarding receiving funding to build a structured product utilizing Premia's AMM and option Pools.

The Vaults Pro team recognizes Premia technology as industry-leading and is seeking a grant to enable anyone to create strategies on top of the Premia protocol, in combination with other money legos. Vaults Pro expects to drive at least 10m-100m of liquidity to the Premia pools. Vaults Pro also proposes to jointly develop the open-source middleware needed to make integrations with Premia seamless.

Full formal proposal submit from the Vaults Pro team can be seen in #proposal-drafts-and-talk at discord.gg/premia.

Specification and Implementation Premia would provide the Vaults Pro team 235,000 EUR equivalent of stablecoins. This grant would cover the expenses for the following:

• Corporate structuring • Legal relationship setup • Legal risk mitigation strategy • UI prototype design • Front-end engineering costs • Solidity engineering costs • Financial engineering research • Miscellaneous admin expenses

To keep the Vaults Pro team accountable, their team will submit a transparency report in relation to the use of grant funds monthly until funds have been fully utilized.

Motivation Through cooperation with the Vaults Pro team, this proposal has the benefits of:

• Enabling anyone to create strategies on top of Premia in combination with other protocols. • Collaborate with the Premia team on open-source middleware software to reduce frictions of building on top of Premia. • The options volume for Vaults Pro will be primarily sourced from Premia unless demand exceeds supply. • Expects to drive at least 10m-100m liquidity to the Premia pools. • Coordinate feature releases and engage in co-marketing events. • Premia will receive several “verified vault” spots on the Vaults main page. • Continually educate its users on how to use the Premia protocol for risk management and trading purposes.