Bitcoin Innovator Grant: Wave 4

Grants & Incentives
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DAO Grants: Wave 4

Dear Rootstock Collective Community,

We’re thrilled to announce the launch of Wave IV of the Bitcoin Innovator Grants! Building on the momentum of previous waves, Wave IV aims to empower more builders and innovators within the Rootstock ecosystem. Here are the details:

Total Grant Pool: $50,000 in rBTC
Grant Limit per Project: $5K

Wave IV Objectives

  • Support innovative projects that enhance the utility of Rootstock and RIF.
  • Drive ecosystem growth by increasing adoption and engagement.
  • Encourage unique use cases that showcase Rootstock’s potential in financial and technical applications.

Submission Guidelines

Make sure your proposals meet the criteria outlined below:

  1. Building Natively on Rootstock: Projects must utilise Rootstock as their primary blockchain infrastructure.
  2. Preference for Past Rootstock Grant Recipients: Teams that have previously received Rootstock grants are encouraged to apply, showcasing ongoing commitment and contribution to the ecosystem.
  3. Integration of RIF and stRIF Tokens: Projects should incorporate RIF and stRIF tokens in their business models or value propositions.

Timeline

  • Application Period: Opens today, December 11th, 2024.
  • Judging Period: Begins immediately upon application and lasts 10 days.
  • Announcement of Grantees: January 1st, 2025.

Live voting will be accessible through the DAO DAPP for the duration of the judging period, allowing the community to actively monitor progress.

Tips for Success

To increase your project’s chances of securing a grant, consider these strategies:

  • Engage Your Network: Share your proposal on social media and other channels to rally support and raise awareness.
  • Appeal to Existing Stakers: Engage with RIF stakers within the DAO to align interests and gain their support during the voting process.

Key Highlights from Previous Waves

The Bitcoin Innovator Grants have been instrumental in driving groundbreaking projects such as:

  • Wesatoshis Labs: Revolutionising Bitcoin payments with SPV card technology. Wesatoshis Labs has continued to ship and recently launched an MVP on mainnet.
  • Boltz: Bridging Lightning and Rootstock for seamless transactions. Boltz has also gone live on mainnet.
  • Aconcagua Finance: Empowering SMBs in Latin America with crypto-collateralised loans. Aconcagua Finance has secured their first institutional lender and created the first collateralised loan on Rootstock for one Bitcoin.

Wave IV promises to be just as transformative, and we can’t wait to see the innovative ideas our community brings to the table.

Important Disclaimer

Eligibility & Exclusions:

  1. No applications will be accepted from U.S. persons or U.S.-based companies. Additionally, individuals or entities in restricted countries such as South Sudan, Iran, Syria, North Korea, Myanmar, and others are ineligible.
  2. All applicants must pass KYC checks conducted by the Rootstock Collective Foundation after a successful vote by the community. If the vote does not pass, KYC is not required. Failure to comply with KYC requirements upon a successful vote will render the applicant ineligible to receive funds. The Rootstock Collective is under no obligation to disburse funds if KYC information is not provided or fails to meet required standards within a reasonable timeframe.

This is your opportunity to contribute to the evolution of Bitcoin and Rootstock. Submit your proposals, share your ideas, and become a part of the Rootstock Collective’s mission to build a vibrant and inclusive blockchain ecosystem.

Let’s make Wave IV the most impactful yet!

4 Likes
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Excited for the next wave of grants! Here we go!

1 Like
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Is there anything for grant submission required after posting a topic with the project here? btw, askimet flagged my post, hope you can see it and let it free!

1 Like
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Hey - check out the application guide here: RootstockCollective 101: Submitting a Grant Proposal - RootstockCollective

Here’s a summary:

  • Draft Your Proposal:
    Prepare a clear outline of your project’s mission, product details, team, progress, and roadmap. Follow the provided template for consistency.
  • Submit Off-Chain (Discourse):
    Post your proposal on the RootstockCollective governance forum (Discourse) to gather feedback and refine it before making it official.
  • Complete KYC:
    Fill out the required KYC form after submitting your proposal off-chain.
  • Submit On-Chain (dApp):
    Stake at least 1,000 RIF, then create your proposal on the RootstockCollective dApp. Include all relevant details, formatting, and the Discourse link so it’s ready for voter scrutiny.
  • Voting Period:
    Community members vote YES, NO, or ABSTAIN within a set timeframe. The proposal must meet quorum and receive enough YES votes to pass.
  • Execution and Funding:
    If approved, there’s a short timelock period. After that, the proposal can be executed on-chain, releasing grant funds as outlined in your proposal.
1 Like