Dev Protocol Incubator Launches!
The Dev Protocol Incubator has officially launched! The Incubator is a monumental step forward in growing Dev Protocol’s commitment to provide sustainable funding to the Open Source Software ecosystem.
What is the Dev Protocol Incubator?
Each quarter the Dev Protocol Treasury will stake DEV tokens for 20 crucial Open Source projects. These projects will accumulate yield, based on the current market’s APY, until the round ends. The Incubatees must join Dev Protocol to receive the funding. The Dev Protocol Treasury will receive a 7.50% OSS token fee for each Incubatee onboarded. Additionally, all Patron rewards earned by the Dev Protocol Treasury from the Incubator will be burned. The Incubator will scale Dev Protocol’s growth by delivering our core value proposition, funding, to our target audience.
Round One Details
Dev Protocol will be staking 30,000 DEV tokens for each project until June 5, 2021. Congratulations to the following projects for being accepted into Round One of the Dev Protocol Incubator:
Signal, Python, WikiMedia Foundation, Prysm, Jekyll, Ether.js, 11ty, Rust, Rotki, WalletConnect, SigmaPrime’s Lighthouse, WomenWhoCode, ESLint, Snowpack, Vite, Web3j, BrightID, Deno, Umbra, and Prettier. These projects have provided immense value to the Open Source ecosystem. The Dev Protocol community looks forward to supporting your work!
If your OSS project was chosen then you can claim your funding at any time on the Incubator Dashboard. We recommend to wait until the round ends to make sure you receive the maximum funding. Please note that only Project Admin’s can claim the funding. Admins are required to submit their Github Personal Access Token to our Khaos Oracle which will confidentially authenticate your ownership of the project.
Incubator Committee
The Incubator Committee evaluated Open Source projects based on the following qualifications: mission, usage, funding, and social benefit. Each Incubator Committee member has an extensive history in mentoring Open Source projects, especially in regards to blockchain and sustainable monetization. Incubates that have questions regarding these topics are encouraged to reach out to the Incubator Committee!
What is Dev Protocol?
Dev Protocol is a blockchain protocol that allows Open Source projects to sustainably fund their development. Patrons stake the DEV token for projects they want to fund. The protocol then mints new DEV tokens that are split between the OSS project and Patron. Dev Protocol is the only platform that allows both Patrons and OSS projects to earn money by supporting each other. The Protocol’s APY is based on DEV staked on the protocol and OSS projects onboarded.
When an OSS project joins Dev Protocol a token is minted for their project. Creator rewards are sent to the OSS token holders. Project maintainers are encouraged to share this token, or the DEV rewards, with their project’s contributors.
What is Stakes Social?
Stakes Social is Dev Protocol’s user facing application where OSS projects and Patrons connect. OSS projects use Stakes Social to tokenize, obtain patrons, build communities, and incentive stakeholders in order to grow their project. Patrons use Stakes Social to stake the DEV token for OSS projects they support.
Go to the Incubator Dashboard!
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