This is a proposal to vote on a Grant Program that will support acceleration and growth of AURORA’s rapidly expanding ecosystem.
The mission of the Program is to create a supportive environment for the teams bringing high quality and community developing projects into the AURORA ecosystem. The Program is designed as a transparent, resilient and scalable tool that is able to provide capital to a greater number of high-quality projects and promising talents.
Main Objectives:
- Provide funding to accelerate the growth of the AURORA and NEAR ecosystems and broader community;
- Support the development of necessary and value add infrastructure / tooling to support continued innovation;
- Attract and reward a diverse set of open source driven projects and developers that build on AURORA.
As it was stated by the Aurora DAO previously, 200M AURORA tokens are devoted to the community treasury. AURORA token holders should be able to decide on the distribution of these tokens to the initiatives and projects that are planning to launch on AURORA. Science funding mechanism from community treasury is too slow and more global in terms of project size and grants amounts - Fast Grants are an effort to improve this.
If you are entrepreneurs, developers, researchers, and advocates looking to contribute to the AURORA ecosystem by related project and in need of funding, Fast Grants is what you need. Fast Grants are in general up to USD 50k (with possibility to increase up to USD 200k in certain circumstances) and decisions are made in a week or even days. This will help without unnecessary bureaucracy to provide required funding to young, ambitious and promising projects to be deployed as fast as possible.
The teams that will prove their ability to commit with the community objectives and successfully implement their initial projects will be able to request from the community treasury additional funding in future.