Gnosis Ecosystem Fund Update II
Announcing the next round of GECO funded projects!
Written by Mareen Gläske and Lauren Dunmore
This April we hosted our first live pitch event (watch Part 1 and Part 2). The event gave teams the opportunity to present their proposals to our panel of GECO judges. We were pleased with the high quality of submissions, which ranged from social impact prediction markets to crypto subscription solutions.
After careful deliberation, we have selected 5 talented teams to join the Gnosis ecosystem.
Alice Team
“We want to help identify and scale effective social projects. Integrating with Gnosis’ prediction market framework is going to help us create more signaling parameters, so we can effectively measure and track social impact.”
The Alice team works towards a transparent social impact platform on Ethereum. Their core idea is a “donation by results” mechanism whereby nonprofits only receive donations once they prove that they’ve achieved their goals. Last year, they started working on an impact investment platform, which allows investors to provide upfront seed capital to NGOs so that they can start projects. Impact investors receive “coupon tokens” in exchange for their investment. With the help of the GECO grant, they want to refactor their code and use Gnosis conditional tokens to improve usability, increase liquidity, and allow for stronger project signaling.
We believe that this is a great prediction market use case, which demonstrates the power and potential of prediction markets to create sustainable social change.
The Alice team will receive $43,000 to implement conditional tokens on their social impact platform. We will also use their platform in the future to invest in worthwhile causes such as Ethereum infrastructure development.
MultiCard
“Our team will make it simple for less experienced users to interact with a multisig without any need to handle private keys.”
The lab10 team wants to build an MVP which allows holders of Blockchain Security 2Go smart cards to sign Safe transactions with a Raspberry Pi-connected NFC reader. They store private keys and make signing transactions as easy as scanning your card with an NFC reader, combining high safety with straightforward usability.
We’re looking forward to seeing the team’s MVP and exploring potential use cases with them. Check out the musical demo of the from the pitch event.
The Multicard project will receive $5,000 in funding.
Linkdrop
“We are trying to tackle the onboarding problem, which is currently not working well for non-crypto users.”
Linkdrop is an open protocol for encoding digital assets and onboarding properties into links and QR codes. This allows non-crypto users to simply click a URL or scan a linkdrop QR code to get onboarded to use dapps. With the GECO grant, Linkdrop will develop a full meta-linkdrop implementation in order to extend linkdrop functionality to the Gnosis Safe.
We believe that simple dapp onboarding is the key to blockchain adoption, and look forward to working with a team that is actively working to improve the accessibility of our ecosystem.
The Linkdrop team will receive $25,000 in funding.
Bonded Curves for DAOs
“We want to present a way to continuously fund the dxDAO or any other DAO built on the DAOstack framework.”
Another grant will go to the dOrg team working on Bonding Curves for DAOs. They will give DAOstack DAOs the ability to launch and interact with token bonding curves. A DAO will be able to opt-in to this ability by adding the Bonding Curve scheme to its governance controller.
Once this scheme is added, a DAO can:
- Launch a new bonding curve market maker with one of the supported 3rd party protocols
- Modify curve parameters
- Buy and sell from a curve
All of the DAO’s interactions with the bonding curve are performed through proposals.
The team will build an integration for Alchemy Earth (DAOstack’s native user interface) that allows a DAO’s Reputation holder to submit proposals that execute the functionalities described above.
Continuous funding is crucial to the longevity and success of a DAO. Bonding curves are a fundamental step toward this end for DAOs.
The team will receive $30,000 to implement bonding curves for DAOs.
Gelato
“We believe the DutchX is awesome; it solves many problems of centralized exchanges and non-custodial exchanges.”
Gelato initially proposed an application (InstantDX) built on top of the DutchX that would provide an instant, partial payout option to sellers, shortening the duration of having their full liquidity locked up in long-running DutchX auctions. We ultimately decided that the project is out of scope for the protocol’s target users, but were so impressed with the team’s presentation and understanding of the DutchX protocol that we decided to discuss other funding options.
After some deliberation with the team, they decided to build a mechanism that can automatically split high sell orders into different, smaller auctions as we did manually in our #DutchXDAI challenge, wherein we auctioned 1,000,000 DAI for ETH over the course of auctions. Read a recap on the #DutchXDAI challenge here.
The team is based in Berlin, and we are really looking forward to seeing them at Full Node over the coming months.
Gelato will receive $22,000 in funding.
Further Acknowledgements
Several project teams we have worked with previously applied as part of this GECO grant round. While we’ve decided to prioritize funding new projects through GECO grant rounds, we’re happy to share we will continue working with the Protofire and LevelK teams as funded partners. We look forward to sharing the scope of our continued work with these fantastic partnerships soon.
Gnosis is actively looking for partnerships, and encourages both new and established projects to reach out — as we aim to give teams ample opportunity to be a part of our ecosystem.
The next GECO submission deadline is on June 30th. Make sure to submit your proposal here!
Many Thanks to Kei Kreutler and Eric Gorski
