OceanDAO Round 12 dey Live
500,000 OCEAN dey available for Web3 data economy projects!
Hello, Ocean Community!
OceanDAO na grants DAO to help fund Ocean community projects, curated by the Ocean community. Anyone fit apply for a grant. The community go vote at the beginning of the month. The Ocean ecosystem dey becomes self-sustainable as the builders of the Web3 data economy leverage Ocean Protocol to fit create products, services, and resources wey the community go find valuable.
The OceanDAO website get up-to-date information how to fit on start with OceanDAO.
OceanDAO’s next funding round — Round 12 — get 500,000 OCEAN available. Submissions go due December 7th; we dey encourage you to submit early for better feedback and engagement with the community. The rest of this post get details about Round 12.
Thank you to all of the OceanDAO participants, voters, and proposers.
OceanDAO Round 12 Updates, Announcements and Guidelines
Round 12 Parameters
500,000 OCEAN in grant funding dey available in Round 12.
Grant Funding Categories:
Build / improve applications or integrations to Ocean
Community or developer outreach (grants no need to dey technical in nature)
Building or improving core Ocean software
Improvements to OceanDAO itself
If you don previously receive a grant, you must update your current Project Deliverables to remain on good standing to dey eligible to participate for future Rounds. Follow the instructions on the Project Standing Dashboard.
The amount wey dey requested na in USD; the amount wey dem go pay na for OCEAN token. The conversion rate na the market price on the Proposal Submission Deadline.
To continue to dey incentivize completion and outcomes, we dey continue Funding Tiers, wey fit dey acquired by Teams wey deliver on their grant promises. Below na the Funding Tiers accessible by projects for OceanDAO Grants Round 12 (the same as round 11). “Unleashing Data” has two tiers ($3,000 USD, $10,000 USD max); other categories have four tiers ($3,000 USD up to $35,000 USD max).
“Unleashing Data” Category:
Open to All
Funding Ceiling: $3,000 USD
2. Experienced Project
Funding Ceiling: $10,000 USD
Requires: $1,000 USD of legitimate consumptions in the previous month AND the team don receive less than $30,000 USD funding total.
All other Categories (max per team):
Funding Ceiling: $3,000 USD
Requires: No one for your project don ever receive grant from OceanDAO. Open to all.
Benefits: Earmarked. Receive feedback during application process. Introduced to related projects.
2. Existing Project
Funding Ceiling: $10,000 USD
Requires: You don complete 1 or more grants.
Benefits: Same as above. Receive promotion via Newsletter, Twitter, and other channels.
3. Experienced Project
Funding Ceiling: $20,000 USD
Requires: You don complete 2 or more grants.
4. Veteran Project
Funding Ceiling: $35,000 USD
Requires: You 5 ordon complete more grants.
“Earmarks” means sey funds dey available exclusively to the first three groups wey dey listed below, without need to compete. For example, New Teams (non-outreach) get 60,000 OCEAN available as “air cover” without need to compete against other groups. Beyond that, them go compete.
60,000 OCEAN for New Teams (non-outreach category)
30,000 OCEAN for New Teams (outreach category)
30,000 OCEAN for Core Tech Initiatives (listed below)
380,000 OCEAN for remaining General Grants
Core Tech Initiatives
For more details on the full Core Tech Initiatives suggested projects, see our wiki.
As with DAO Rounds 8, 9, 10, and 11 any funds wey remaim and them no grant for Round 12 go dey burned. Here’s na how burning relates to voting in OceanDAO.
[Earmarked Grants] winners dey counted first.
Projects wey no win an [Earmarked Grant] dey considered for funding under the [General Grant] category.
[New & Core Tech] teams dey eligible to be funded from both [Grant Categories].
Returning teams dey eligible to dey funded from [General Grants].
50% or more “Yes” Votes receive a grant.
Any remaining funds wey no dey granted dey burned.
We don conclude our first voting period wey utilize a Single Ballot, and Weighted Ballot. This go enable voting to become more fair so OCEAN fit only dey used once, and enable voters to distribute their votes however them please.
This go continue to be the voting method until Quadratic Voting dey released. For further information on Single Ballot and Weighted Ballots, abeg visit our wiki.
Working Groups and Stewards Program
Basic Working Group Organization
Each Working Group get its own public discord sub-channel. Then, each Working Group fit leverage real-time discord channels (voice/video).
Each Working Group get an onboarding process. E dey up to the Working Group to decide.
Each Working Group get a weekly or bi-weekly 30 min call. (Or 60 min if appropriate.)
Each Working Group Get stewards (who dey accountable to run the group), and members (people go participate).
The Working Groups and The Stewards
Head to the Ocean Discord and dive into each Working Group. There you go find each Working Group’s respective documents, stewards, members list, meeting times, and more:
Project Guiding Working Group
Parameters & Roadmap Working Group
Core Tech Working Group
OceanDAO Engineering Working Group
Data Consume Volume Working Group
Town Hall don dey run weekly since the beginning of OceanDAO. Currently the DAO dey expand and with this growth so the Town Hall too.
Town Hall go be a structured presentation and expand hin scope to include the entire Ocean Ecosystem where each Working Group go presents slides on their current progress and updates
Round 11 Information
As a builder, submit your project proposal on the Round 12 Ocean Port Forum. As a voter, this na where you fit see all the expanded proposal details to make informed vote decision.
Additionally, you fit check out the OceanDAO home page to get onboarded.
The grant proposals from the snapshot ballot wey meet these criteria dey selected to receive their Funding Amount Requested (in OCEAN) to foster positive value creation for the overall Ocean Protocol ecosystem.
Proposals Submission Deadline is December 7th at midnight GMT
Add OCEAN to Voting Wallet by the Proposal Submission Deadline.
A 2 day proposal Due Diligence Period, ends December 9th, 2021 at 23:59 GMT
Voting Starts on 9th, 2021 at 23:59 GMT
Voting Ends on December 13th, 2021 at 23:59 GMT
If your Proposal dey voted to receive a grant, abeg submit a Request Invoice to the Ocean Protocol Foundation (OPF) for the Ocean Granted amount, if you neva do am already.
Continue to dey support and track progress on all of the Grant Recipients here!
More dey to come — Thank you!