VIP-54 Venus Grants Program

Summary Venus has a 7-figure treasury which is available to fund growth and community initiatives, part of which can be used to fund grants. Currently, there is no standardized process for the community to allocate from the treasury to fund proposals in a reliable and repeatable manner.

To ensure the community’s agenda is made visible, transparent and actionable for funding development of our ecosystem, while organizing these activities in a decentralized manner, a community-led grants program is proposed, “Venus Grants Program”. The goal of the program is to develop and grow the Venus ecosystem in a scalable fashion. Many ideas for improving the Venus protocol are generated across various channels, so Venus Grants Program aims to provide a bridge between those ideas and resources to execute them.

To ensure the program is administered in a decentralized manner that aligns to the community’s interests, a committee that oversees grant funding decisions is proposed. The committee’s charter is to review and disburse grant funding efficiently and in a manner that supports the community’s interests and develops our ecosystem.

Reviewers will ensure all members are acting in good faith, and will operate a 4 of 7 Multisig wallet to disburse funds to awardees. Any excess funds will be returned to the Venus Treasury. Thus far, we have the Head of DeFi for Ankr, CEO of LayerZero (Brian Pellegrino), and we are in the process of recruiting two more individuals, as well as a Grants Lead.

Reference

Visit the original proposal on our forum for more details: https://community.venus.io/t/venus-grants-program-vgp-proposal/2269

The Vote will consist of these three different options:

FOR: Supporting the Venus Grants Program AGAINST: Rejecting the Venus Grants Program ABSTAIN: I don’t mind which option is chosen.