{"round": {"tags": ["karma-gap", "grant-program-registry"], "type": "program", "asset": "", "title": "Optimism - Cycle 6 grant", "status": "Inactive", "networks": ["EVM"], "bugBounty": "", "createdAt": 1725476581991, "startDate": "", "categories": [], "ecosystems": [], "grantTypes": ["Direct Grants"], "description": "Proposal for token distribution (under 1000 words):\\n\\nHow will the OP tokens be distributed?\\nThe tokens will be used to partially fund deployment and development costs for an Optimism instance of Interest Protocol.\\n\\nHow will this distribution incentivize usage and liquidity on Optimism?\\nInterest Protocol would accept OP as a collateral at deployment, and preserve the ability of OP holders to delegate their voting rights. This serves the dual purpose of providing a demand sink for OP that would otherwise be sold, and allow OP holders a venue where they can avoid choosing between liquidity and governance participation. Normally there is an implicit “tax” to pay by retaining governance tokens for voting or delegation, since the opportunity to use it as collateral must be given up. Interest Protocol is designed to avoid this choice. On its Ethereum deployment, for instance, UNI tokens used as collateral can still delegate voting power to be used in Uniswap’s governance. We believe this results in a healthier governance ecosystem where small holders in particular continue to participate, since they do not have to choose between financial and governance utility of their tokens.\\r\\n\\r\\nWhy will the incentivized users and liquidity remain after incentives dry up?\\r\\nThis request is to fund deployment and development of a protocol that will provide utility to OP holders and the Optimism ecosystem.\\r\\n\\r\\nOver what period of time will the tokens be distributed?\\r\\nThe tokens for would be sold as expenses accrue, since the grant is to fund development and deployment.\\r\\n\\r\\nHow much will your project match in co-incentives?\\r\\nGFX Labs and/or Interest Protocol governance will cover the remainder of expenses related to Optimism deployment and all ongoing maintenance.\\r\\n\\r\\nBudget Estimate\\r\\n\\r\\nProtocol testing prior to production deployment: 56 developer hours\\r\\nFront end multichain support: 10 developer hours\\r\\nAnalytics back end support: 10 developer hours\\r\\nGovernance bridge contract development & deployment: 38 developer hours\\r\\nProtocol integrations with other ecosystem apps: 48 developer hours\\r\\nEstimated total: 162 developer hours", "socialLinks": {"blog": "", "forum": "", "discord": "", "twitter": "", "website": "", "grantsSite": "https://gov.optimism.io", "orgWebsite": ""}, "organizations": ["Optimism Foundation"], "totalAwardedUsdValue": "", "totalAwardedSubmissions": ""}, "application": {"version": "1.0.0", "lastUpdatedOn": 1725476701677, "applicationSchema": {"questions": [{"id": 0, "info": "Email Address", "type": "email", "title": "Email Address", "hidden": false, "required": false, "encrypted": false}], "requirements": {"github": {"required": false, "verification": false}, "twitter": {"required": false, "verification": false}}}}}