About:
The Derive Builders Grants program, supported by the Optimism Governance Fund, recognizes and rewards community contributions and is a key pillar to the growth of Derive L2. https://app.charmverse.io/op-grants/derive-formerly-lyra-chain-intent-3b-9106030612947877
Application form:
https://docs.google.com/forms/d/e/1FAIpQLSfgZNENQ_QEL6t4svINlgIT2gU0vBtPtrybiDfIgLi_NYCrKQ/viewform?usp=sf_link
Duration:
Sep 1 2024- Aug 31 2025
Grant Allocation Categories and Distribution:
- Builders: 100K OP
- Technical Integrations (33%): Support third-party technology vendors, such as SaaS providers and OEMS, that lower barriers to interaction with Derive and Optimism.
- Infrastructure Providers (33%): Fund technical integrations and infrastructure development, including price oracles and volatility feeds.
- Audits (33%): Ensure ongoing security and compliance through regular audits. This framework aims to attract market makers, flow providers, and infrastructure partners, driving growth and innovation within the Derive ecosystem.
- Liquidity: 400k OP
- Market Makers (50%): Incentivize liquidity provision on spot, options, perpetual futures to enhance market depth.
- Protocol Activity (50%): Encourage trading and institutional flow providers to increase transaction volume. Promoting strategy deposits and lending activity.
Builders Application Screening:
- Builders Grant applications will be accepted on a rolling basis.
- Initial screening checks for completeness and adherence to basic eligibility criteria.
- Builders grants will focus on Integration Incentives (100k OP): Encourage developers and protocols to deploy or integrate with Derive chain targeting technical integrations including but not limited to:
- Trading tools and Analytics tools
- Order and Execution Management Systems (OEMS)
- Oracles for price feeds and external data providers
- DAO tooling (i.e. voting interfaces, potential governor upgrades, etc.)
- Account abstraction integrations
- NFT projects
- Marketing and educational content
- Expanded offering of markets and products on Derive
- Chain Cross chain bridges and interoperability protocols
- Deployment of tokenized RWAs and yield-bearing assets, particularly stablecoins
- Novel applications for derivatives i.e. new margin systems and improvements to capital efficiency
Grant Allocation Framework and Evaluation Criteria:
Derive will adopt a structured grants allocation framework informed by insights from Optimism Grants and our past grant programs. The framework will allow anyone to propose a grant, with acceptance or rejection requiring majority consensus among the team or voters. The process will eventually be formalized through a governance proposal. Grants will be processed on a rolling basis, following a two-step review process:
- Initial Intake Review: Grants will be screened for completeness, feasibility, and alignment with Derive’s goals.
- Interview: Further assessment to ensure the proposed project’s viability and impact.
Projects will be assessed based on alignment with Derive’s strategic priorities and evaluated based on the following criteria:
- Potential to drive user engagement and transactions on Derive L2.
- Team capabilities
- Technical feasibility
- Idea proposed
- Impact on Derive and Optimism ecosystem