GCGP (Gains Community Grants Program)-Bridge information

Archived GCGP-Bridge
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GCGP (Gains Community Grants Program)-Bridge is designed to foster innovation and integration with gTrade by providing financial support to projects that build upon or integrate with the platform.

As part of the Arbitrum STIP Double-Down program, we have allocated a portion of these funds specifically for this purpose, encouraging community-driven development and enhancement of the Gains Network ecosystem.

Grant Pool: 112,500 $ARB

Timeline

  • Submissions Open Date: June 5, 2024
  • Submission Deadline: June 26, 2024
  • Voting Deadline: July 6, 2024

Eligibility

  • Open to all, excluding recipients of STIP.B and LTIPP
  • Must apply through the official forum using the provided template by the deadline June 26

Grant Size Limits

  • Maximum ask: 20,000 $ARB
  • Minimum ask: 5,000 $ARB

Application Process

:point_right:t2: This part is important and will save you a lot of time and effort. :point_left:t2:

Before you begin drafting a formal application, it is imperative to thoroughly vet your idea to save time and effort. This also ensures that your idea is original, and will save you from wasting time on something that might be immediately rejected due to insufficient prior research.

Engage with the Gains Network community to ascertain the originality of your application and avoid duplicating efforts or pursuing concepts that may have already been, or are being, explored (if in doubt, and you can’t find the information you’re looking for through searching, it’s a good idea to explicitly ask).

  1. Pre-submission Review: Engage with the community to refine your proposal as outlined above. Join our Discord and agree to the rules in the #rules channel, then post in #gcgp-general
    Screenshot 2024-06-07 at 00.14.54

  2. Prepare Proposal: Follow the template provided: Template

  3. Submit Proposal: Submit through the forum: GCGP-Bridge

  4. If necessary: Iterate on the proposal if the committee deems a revision is needed.

Selection Process

  • A committee, comprising team members and community representatives, will ensure proposals follow the guidelines. The committee consists of:
    Nathan
    Atlas
    Rick
    Joseph
    Bee
    Vesnushki
    Trayzer
    John Seymour
  • The committee will select a subset of projects to go to a vote.
  • The committee will prepare a Snapshot vote for $GNS holders/stakers.
  • $GNS holders/stakers will vote on which projects will be funded.

Voting Process

  • Eligibility: Open to all $GNS holders/stakers.
  • Mechanism: Snapshot weighted voting.
  • Results: Fund all passed proposals in priority order until no more funds remain.

Selection Guidelines

  • Innovation
  • Relevance
  • Feasibility — ability to complete all stated milestones by the end of the funding period
  • Community impact
  • Financial impact

Project Obligations

  • Provide biweekly progress updates through the community forum.
  • Lay out monthly milestones and self-define 2-3 KPIs to report on at the end of the program.
  • Submit a final update at the program’s conclusion.

Project Support

  • Teams will be provided with documentation and direct group chat assistance with the team.

This program aims to support and accelerate the development of projects that can significantly contribute to the Gains Network ecosystem, ensuring continuous growth and innovation.

Disclaimer: The GCGP serves as an extension for the STIP.B, primarily aiming to foster direct on-chain activities to stimulate growth. Its purpose is to back initiatives that actively enhance the project’s ecosystem. The focus is on increasing on-chain engagement rather than funding employee salaries. By directly supporting efforts that boost on-chain activity, this strategy seeks to maximize the grants’ impact and contribute to the project’s long-term sustainability.