PowerPool & Gitcoin Grants Stack are partnering to streamline the PowerPool Builder Grants program

PowerPool is excited to announce its partnership with Gitcoin — an innovative platform that provides developers and open-source projects with funding opportunities and tools for collaboration.

PowerPool will be issuing Direct Grants via Gitcoin Grants Stack

Gitcoin Grants Stack is the first-ever decentralized, customizable, smart contract-enabled solution that connects grants program managers, project owners, and community members.

Gitcoin Grants Stack allows prominent developers to get funding to drive innovation in the blockchain industry

Gitcoin’s newly launched Direct Grants mechanism on Grants Stack allows managers to allocate funds directly to developers and the projects they create. It complements existing tools for developers to get the funding they need to create the next wave of innovative products.

This article shares why the Grants Stack’s Direct Grants tool aligns perfectly with PowerPool’s funding activities to foster future builders’ adoption and ecosystem expansion.

Flexibility and control

With Gitcoin Grants Stack, PowerPool can fund specific projects or developers directly, without going through a crowdfunding campaign.

Sustained support for developers

Grants Stack allows for recurring donations, which means PowerPool can provide sustained support for ongoing projects. This is particularly important for open-source projects that require ongoing maintenance and development.

Driving web3 innovation

Grants Stack provides another avenue for individuals and organizations to support the open-source community and help drive innovation in the blockchain industry.

Thanks to this collaboration, PowerPool will be one of the first Gitcoin Grants Stack partners to use this new Direct Funding mechanism to onboard and provide funding to PowerPool Builder Grants recipients.

PowerPool Builder Grants

PowerPool offers Builder Grants of up to $20,000 to developers who want to build new or integrate PowerAgent automation into existing products. Our partnership with Gitcoin Grants Stack will streamline reviewing grant applications, selecting grantees, and distributing funds, making it simple and transparent for everyone.

Check out the PowerPool Grants page in Gitcoin Explorer: https://builder.gitcoin.co/#/chains/1/rounds/0xfaf7c654cc14cdeed889685a2a74bf9a2f314ca0

You can learn more about the PowerPool Builder grants program here.

About Gitcoin

Gitcoin is a decentralized platform that aims to foster innovation and collaboration in the open-source community. It provides developers and open-source projects with funding opportunities through a token-based economy built on the Ethereum blockchain. They offer a variety of funding mechanisms, including bounties, grants, and hackathons, to support the development of open-source software. The platform also provides tools for project management, collaboration, and community building. Gitcoin aims to create a sustainable ecosystem for open-source development by providing a transparent and decentralized platform for funding and collaboration.

About PowerPool

PowerPool is the DAO-managed protocol operating the PowerAgent V2 automation network. PowerAgent v2 is a decentralized network of Keepers providing guaranteed automatic transaction execution for Defi/Web3 apps and individuals. PowerAgent is permissionless, anyone can become a node runner and begin automatically executing tasks submitted by various client protocols, earning additional ETH (or other native-token) fees and gas compensations.

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