2409 Bitcoin Innovator Grant

Grants & Incentives
1

Bitcoin Innovator Grant is a community-led grants program that fosters community growth and innovation in the RootstockCollective by serving as a gateway for teams building on top of Rootstock using RIF.

Bitcoin Innovator Grant supports the next generation of Rootstock builders/contributors by:

  • Funding innovative projects backed by strong teams with creative ideas that benefit and strengthen the Rootstock and/or RIF ecosystem. Products and initiatives can be aimed at:

  • Increasing TVL and other blockchain metrics.

  • Expanding the capabilities and utility of RIF.

  • Empowering the community with accessible and novel insights.

  • Growing RIF through stimulating demand, expanding utility, and accelerating transactional velocity.

  • Fostering a strong and inclusive culture around Rootstock to::

    • Attracting and retaining the best contributors, and
    • Encouraging the development of new and creative solutions to key areas in the Rootstock and Rootstock Collective DAO.

  • Program details:

    • 10 grantees (very tightly curated by the Foundation with support from RLabs)
    • 0.805 RBTC, equivalent to approx. $50,000 USD at today’s rate, grant with an initial payout of 0.0805 RBTC, equivalent to approx. $5,000 USD. Subsequent payouts based on milestones.
    • KYC and due diligence will be performed as assertion from RLabs to the Foundation (since all 10 have been through due diligence with RLabs previously)
    • Legal: No U.S. persons or U.S.-based companies. Full List: USA, South Sudan, Iran, Syria, North Korea, Myanmar, Democratic Republic of the Congo, Mali, Burkina Faso, Yemen, Haiti, Russia and Ukraine territories occupied by Russia.

Why?

  • Rootstock Collective is bootstrapping new partners into the Rootstock Ecosystem.
  • The Rootstock Collective community will grow as the Foundation bootstraps the Grants-on-DAO with a Bitcoin Builder-aligned grants series putting builders at the center of the collective.
  • The first series will be the Bitcoin Builder Grant in September 2024.
  • For the safety of the Community the Grants-on-DAO will require a calibration phase, and as such the first programme Waves will not be introduced via a community vote. Future waves will be submitted for community votes once calibration is complete.

How?

  • Grantees get invited to participate in the DAO grants by the Foundation.
    • Grants criteria (links): a) building natively in Rootstock, b) past Rootstock grant recipient and c) and adopting RIF and stRIF in their value proposition.
  • Grantees submit template grant decks and pitch presentations (e.g., Loom videos) as links in the description box.
  • The community votes on grantees. RIF Stakers in the DAO can vote on 10 simple proposals (1-pager pitch).
  • 3 days after voting completes 0.0805 RBTC per grantee will be sent for those who meet voting quorum and milestone completion criteria, paid in RBTC (future waves will payout a blend of RIF and RBTC) from the Grants-Active Treasury

Community Success Criteria:

  • Have conducted a Due Diligence process in the Rootstock Grant program, including but not limited to a KYC and commercial analysis
  • Have passed a vote from a previous Rootstock grant committee
  • Have been building natively on Rootstock for their launch
  • Have Rootstock central to the go to market plan
  • Have attended a kick-off call detailing the RootstockCollective DAO Launch
7 Likes