The Amp Community Grant Program proposal was approved by nearly unanimous vote and will be funded with 1,000,000,000 AMP.
We are seeking community feedback on how to make the grant program both successful in growing the community and increasing the general understanding of the Amp token, capacity contracts, collateral managers, Flexa, and digital payments.
This framework for the Amp Community Grant Program includes details on the potential committee composition, proposal submission and approval process, as well as how funds will be issued.
Amp Community Grant Program Committee Proposal
Grant Proposal Committee
In order to efficiently allocate grant tokens, a committee will vote on proposals requesting less than 1,000,000 AMP. For larger proposals requesting more than 1,000,000 AMP, the requests will be passed via the standard Amp governance process.
The Grant Proposal Committee (‘the committee’) will consist of 7, 9, or 11 people who will vote on grant proposals. For a grant proposal to be approved, a simple majority must vote yes. Initially the committee will consist of long-term community members and at least one member from the Amp core team. Members can be replaced via community vote after an initial 1 year term by the first group of committee members. The first group of committee members will be long-term community members who have demonstrated their understanding of the Amp token and the Flexa network and shown their commitment to the expansion and betterment of the project.
Grant Proposal submission
There are two methods for submitting proposals: Respond to a Request for Proposal (RFP) put out by the committee, or workshop an idea with the community.
Examples of the types of proposals accepted include:
- DeFi integrations such as lending platforms, DEXs, payments channels
- Educational content, web dashboards, tutorials
- Promotional activities and miscellaneous
For ideas that are submitted to the community for feedback, please consider answering the following questions:
- How much Amp is requested?
- How will the Amp be used?
- How long will the proposal take to complete?
- What are the benefits to the Amp community?
- What experience is required to make this proposal a success?
- What should be the criteria for determining that the initiative has been completed?
Funding timing and the threshold for funding will be determined by the acceptance criteria set out in the grant proposal. In general, funding will be transferred after work has been completed.