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Difference between revisions of "Harmony Ecosystem Fund"
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(Created page with "Harmony announced their 300M+ ONE ecosystem fund back in September of 2021 with a [https://open.harmony.one/300m-on-bounties-grants-daos Notion Site] explaining the program structure, areas of focus and how to participate. Their CEO, Stephen Tse, discusses his vision for the program a bit in this [https://twitter.com/stse/status/1421640478831697920 thread]. == Overview == Launch Date: Sept 2021 Total Funding Allocated: 300M ONE Total Funds Distributed to Date (i...") |
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== Governance == | == Governance == | ||
In terms of governance the foundation has established some [https://open.harmony.one/300m-on-bounties-grants-daos/apply-for-grants-or-dao guidelines] based on the chosen track. Per the response I received from my post on their forum this is how governance works today for the program:<blockquote>“Provided the proposal meets the criteria, the proposal is then reviewed by a grants committee. The committee is made up of Harmony core team members and community contributors. The committee also relies on feedback from the broader community who can participate from the Harmony public forum, where proposals are posted.” | In terms of governance the foundation has established some [https://open.harmony.one/300m-on-bounties-grants-daos/apply-for-grants-or-dao guidelines] based on the chosen track. Per the response I received from [https://talk.harmony.one/t/incentives-programs-metrics/14314 my post on their forum] this is how governance works today for the program:<blockquote>“Provided the proposal meets the criteria, the proposal is then reviewed by a grants committee. The committee is made up of Harmony core team members and community contributors. The committee also relies on feedback from the broader community who can participate from the Harmony public forum, where proposals are posted.” | ||
This process will be further decentralized shortly via the Launch DAO, moving the governance over to the community.”</blockquote>Funding from the ecosystem program is paid out via $ONE with funds being sent from the Harmony Foundation’s wallet to the grantee’s multisig wallet. Having a 5 out of 9 multisig wallet is a requirement for funds to be distributed and all transaction details are posted on the proposal post publicly. You can check the recipients, amounts and stage of the process the funding proposal is in at an Airtable site that Harmony shares out. I found it an interesting document to explore, some brief observations: | This process will be further decentralized shortly via the Launch DAO, moving the governance over to the community.”</blockquote>Funding from the ecosystem program is paid out via $ONE with funds being sent from the Harmony Foundation’s wallet to the grantee’s multisig wallet. Having a 5 out of 9 multisig wallet is a requirement for funds to be distributed and all transaction details are posted on the proposal post publicly. You can check the recipients, amounts and stage of the process the funding proposal is in at an Airtable site that Harmony shares out. I found it an interesting document to explore, some brief observations: | ||