Acala Ecosystem Program
The Acala Foundation Grants Program focuses on software development and research in the field of decentralized finance protocols that benefit the Acala and Karura ecosystem. The maximum amount of funding per application is limited to US$50,000. Larger funding requests will require more evaluation and due diligence, and hence the longer decision time.
Overview
Launch Date: 3/23/22
Total Funding Allocated: $250M
Total Funds Distributed to Date (if available): not disclosed
What Asset(s) are the funds paid out with (native token versus $USD, for example): aUSD
Where funding is tracked: no formal tracker indicated
Area(s) of Focus
Acala is focused on funding technical projects that add value to the Acala & Karura ecosystem. These are the general guidelines for grant applications:
- It is a well-researched or well-tested idea, ideally with a proof-of-concept or prior work to demonstrate feasibility.
- It shall demonstrate the project will be deployed, maintained and operated after completion of the grant, through commitment of funding or its economic or business models.
- It shall demonstrate how the project can/will specifically benefit to the Acala network and/or its ecosystem, both technologically and economically.
- The team has proven experience and track record for solid delivery.
- It contains well-defined technical details.
- It presents how your project is differentiated from comparable products in the ecosystem or in other comparable ecosystems.
- All code produced as part of a grant must be open-sourced.
Governance
The Acala Grants committee on behalf of the Acala Foundation will review the application and determine if additional information is required. Once a decision is made, the application team will be notified, and follow-ups will be arranged. You can find the list of grant committee members here.
How to Apply
Apply Here You can also contact [[1]] if there are questions.