Historically, a large percentage of allocated funds in a grant program have been integrations. Looking at Aave’s Grants reporting in Q1 - integrations were 44.5%:
Purple Pay seems to fit into this category, expanding the use of 0x’s API to payments, private transactions, and a differentiated user base.
While this Grant request seems reasonable we have three primary concerns:
- The need for incentives programs, up to 15k
- The sustainability of direct-to-the-forum (and treasury) Grant requests
OP initially took this perspective and IMO it is dilutive, shifting the purpose of Governance towards a grants program vs. product development, finance, and sustainability…
Other teams have segmented this responsibility, allowing Governance to focus on more high-value, contentious proposals. It may be worth establishing some sort of guidelines:
- any treasury request above 50k goes to Governance directly
- anything less - goes to a sub-committee focused on Grant distribution
Even then, I am not convinced of the need for Grants in this stage of the protocol’s maturation.
The purpose of 0x protocol is to provide trade settlement for swaps - not to be Gitcoin.
Let’s focus on that goal instead.