Balancer Grants Monthly Update
The Balancer Grants Program has been live for one month and so much has happened
The BAL Grant program is one of the ways that BalancerDAO promotes the development of the Balancer Protocol and Ecosystem. The Grant Program was established in August after a community discussion, which can be found on Balancer’s governance forum here and the snapshot vote here. The initial program will run until the 31st of October and this vote has given the program 20,000 BAL to be allocated towards grants for this current round (roughly half a million dollars at current prices).
First Live Grantees
Just one month in, and Balancer Grants already has multiple grantees live. After receiving 25 applications, 7 projects have been approved grants for a total of $232,000 in BAL.
The Balancer Grants Committee is proud of the talent this program has been able to attract towards the Balancer Ecosystem. Lets dive into the list:
Indexed Finance
A project focused on the development of passive portfolio management strategies for the Ethereum network. Indexed will migrate their current and future products into Balancer v2.
Read more about the Indexed Finance grant here.
Or ask them your questions! Baller and Grants Committee member Solarcurve will host an AMA with Indexed in the Balancer Discord Wednesday 15th of September at 1PM EST.
dHEDGE
A decentralized asset management protocol connecting the world’s best investment managers with investors on the blockchain in a permissionless, non-custodial, and trustless fashion will integrate Balancer Protocol into the dHEDGE platform.
Read more about the dHEDGE grant here.
Tempus
A protocol where users can re-allocate the risk of interest rate fluctuations between each other. Users can deposit their yield bearing tokens (such as stETH) which Tempus splits into tokenized principal and yield tokens. Those primitives can then be traded against each other through the custom Balancer V2 AMM.
Read more about the Tempus grant here.
HaloDAO
Intends to unlock the potential for non-USD stablecoins to generate permissionless on demand liquidity. With the grant, they will create a new pool-type optimized for FX-style stablecoin trading on Balancer Protocol.
Read more about the HaloDAO grant here.
Rabbithole
Will run a Balancer campaign on their crypto-native earn to learn platform. Up to 3000 users will be onboarded into the Balancer ecosystem with this campaign — all of which will be individuals as Rabbithole has a built-in Sybil resistance.
Read more about the Rabbithole grant here.
GovBot
A bot that propagates proposals from snapshot.org to Twitter and Discord. It helps stakeholders stay in the loop with governance and voting and will be live in Balancer Discord and Twitter soon!
More on the GovBot grant will be announced tomorrow.
About Balancer Grants
The BAL Grant program provides support and funding ($1K — $75K) to projects committed to supporting Balancer Protocol in achieving its mission the leading platform for programmable liquidity. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on Balancer Protocol.
Apply Now
If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of Balancer Protocol, this is your chance. Get started by filling in the Grants Application form. The program is still running and we are taking applications!
For further questions about how the Grants DAO works, check out the grants page, follow us on Twitter, or send an email to grants@balancer.community.
