AdmiralDAO is introducing a new Grant Working Group initiative, designed to foster growth and increase Clipper’s rate of innovation. This program is notable for its community-driven approach, being managed by both elected operators and active community members. The primary aim of this working group is to identify valuable opportunities in DeFi and fund the operations of AdmiralDAO and its affiliated developer studios, including Shipyard Software.

Here's how the working group will operate:

1. Identification of Qualified Leads

• Community members who identify a qualified grant opportunity will receive $50 USD.

This first step involves the identification of qualified leads. These are potential grant opportunities or projects that require funding and are deemed to have significant potential impact on the ecosystem. To qualify, a lead must represent an opportunity for an investment greater than $20,000. The working group, comprised of elected operators and community members, is responsible for determining whether a lead meets the necessary criteria. For every lead that is deemed qualified, a reward of $50 is offered as an incentive for the effort put into the discovery process.

2. Grant Application Process

• Community members or groups of community members who transform a lead into a submitted Grant Application will receive $200 USD.

Once a qualified lead is identified, the next step is to proceed with a formal grant application. This involves preparing and submitting a detailed proposal outlining the project's goals, expected outcomes, budget, and timeline. The working group will assist community members with templates and grant application examples as well as with information about Clipper required to apply for qualified leads. The process of applying for a grant is rewarded with $200, recognizing the work and planning that goes into developing a comprehensive proposal.

3. Successful Grant Award

• Community members or groups of community members whose grant applications are awarded will receive at least $500 USD for their efforts.

The final step in the process is the grant award. If the grant application is successful and Clipper receives the grant award, an additional incentive of $500 is provided. This is a significant incentive meant to encourage high-quality submissions and to reward the effort and potential impact of the proposed projects.

Summary

AdmiralDAO is committed to building a DeFi that acknowledges the collective expertise and insights of a global community. That is how we can foster an environment of innovation and collaboration. This initiative not only incentivizes the discovery and support of new projects but also ensures that the allocation of resources aligns with the community's vision and strategic goals.