Strong update as always 
@Raphael_Anode.
I agree with the focus on real demand signals (LOIs, users, onchain activity) over inferred value. Without that, it’s hard to justify capital allocation. I put more weight on onchain usage while offchain metrics (registrations, attendance,…) are less decisive.
Consistency in evaluation will also be key as the bar gets higher. Clear expectations around demand validation can help both builders and delegates align faster and reduce back and forth.
The new grant guideline is a strong step in this direction, allowing builders to self assess their fit before applying and come in with more defined expectations around their projects.
Looking forward to further strategic alignment with Labs.