Summary
With this AIP we propose that Alchemix participates in the next Gitcoin grants round (GR15) and becomes a Matching Partner for one (or more) of the four causes. The proposed contribution is $50,000 in ALCX to be split between the causes as the community sees fit.
Background & Motivation
Alchemix has previously participated in GR13 as a Matching Partner and our view remains that public goods funding has a positive impact on the ecosystem and that the protocol can and should support this. Together with many other projects in the space we again want to signal our commitment to developing the Web3/Blockchain infrastructure and supporting novel initiatives.
Specifically for the upcoming round, we have discussed with the Gitcoin Grants team to become a matching partner for one or more of the cause rounds. The cause rounds are meant to support specific communities, while the general (main) round is open to a wider pool of applicants. For the upcoming round there are a total of four specific causes:
Climate Solutions. For projects working on the intersection of blockchain and climate solutions, examples include funding of renewable energy projects, tracking emissions and verifying real-world impact, and tokenization of carbon markets and other ecological systems.
Diversity, Equity & Inclusion (DEI). For projects working to advance DEI in Web3 and to build better, more diverse communities.
Crypto Advocacy. For projects that are advocating open web and crypto policy. Grantees could include research on Web3 as a source for good and advocates for a healthy regulatory environment that supports innovation.
Decentralized Science. For projects that support the shift of science to become more open and transparent, using Web3 tools to reimagine the culture, incentives and infrastructure for research.
Funding
At the time of writing the Alchemix treasury holds more than 166k ALCX and the operational multisig contains an additional 7k ALCX. A $50,000 contribution would equal roughly 1,400 ALCX and will be disbursed to Gitcoin Grants as ALCX. Making this donation won’t have an impact on our operational budget since that is largely paid in stablecoins.
Voting
The community has the ability to select the specific causes the Alchemix protocol should contribute to and how to distribute the $50,000 between the four causes. Hence the Snapshot vote will be multiple choice with five options:
Contribute to the Climate Solutions cause round
Contribute to the DEI cause round
Contribute to the Crypto Advocacy cause round
Contribute to the Decentralized Science cause round
Don’t contribute to any cause round
One stipulation is that if one of the four causes does not receive at least 15% of the vote it won’t count towards the final distribution in order to avoid a low contribution to that cause.