Introducing: Aave & GHO Ecosystem Advancement Quadratic Funding Round by Gitcoin

Dear Aave Community,

I’m excited to share that with support from Aave Grants DAO (AGD), Gitcoin is launching a QF Round on Gitcoin’s Grants Stack to further growth and development in the Aave and GHO ecosystem.

By combining Gitcoin’s expertise in community-driven funding and AGD’s deep commitment to supporting initiatives within the Aave ecosystem, we aim to create a catalyst for ongoing growth by rewarding current and past contributors.

The funds for this round come from optimism.gitcoin.eth, which Gitcoin has received from Optimism for our Retroactive Public Goods Funding (RPGF) program. As part of our mission to support values-aligned partners, we are distributing these funds to top recipients of RPGF, such as Aave Grants. We have recently partnered with libp2p for a similar initiative and are actively seeking other interested partners who have been top recipients of RPGF funds.

Together, we are thrilled to allocate $50,000 ($25,000 from Gitcoin’s matching pool, matched by AGD) to fund projects that will advance the Aave ecosystem.

Round Details:

  • Application Period: April 23 - May 7, 2023
  • Donation Period: May 14 - May 28, 2023
  • Total Funding: $50,000

Eligibility:

  • Any project driving value to the Aave and/or GHO ecosystems, including past AGD grantees with ongoing contributions, new projects, and open-source contributors.

Funding Priorities:

  • Past grantees whose open-source projects are still active.
  • Past grantees who want to propose new open-source work.
  • Any project driving value to the Aave and/or GHO ecosystems, including past AGD grantees with ongoing contributions, new projects, and open-source contributors.

Objectives:

  1. Aim to onboard as many projects as possible to support various initiatives within the Aave and GHO Ecosystems.
  2. Increase engagement across social platforms such as X, Lens, and Farcaster, enhancing visibility and community participation.
  3. Encourage Aave and GHO community involvement through donations to projects, using donation volume as an indicator of engagement.

Gitcoin will guide AGD through the round setup process and provide comprehensive community round support. My team (known as Grant Ops) will provide general support throughout the round.

This round will showcase the power of collaborations within the Aave ecosystem. We can encourage community engagement and fund various initiatives by leveraging Gitcoin’s platform and AGD’s commitment to supporting impactful projects.

Please mark your calendars for the application and donation periods, and stay tuned for further updates on how you can get involved. Together, we can drive the growth and development of the Aave ecosystem.

LFG

Sov

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Thanks for sharing this post and spearheading this initiative, @Sov.

On top of supporting projects in the Aave and GHO ecosystems, this strategic funding round is an experiment to assess the impact of alternative funding mechanisms such as quadratic funding.

We are looking forward to seeing this round’s impact and invite all builders, contributors, and community members to participate.

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