Neutron Grants Program is Live 馃殌

Recorded: Nov. 30, 2023 Duration: 1:02:21
Space Recording

Full Transcription

hey guys just uh getting set up now sending out some requests people to come up
hello hello who we got there is that is that amir yep amir here how you doing sir
doing good doing good how about you i'm good man good you're uh you're sort of my neck of the woods
are you you're uh asia uh yes right uh at midnight yeah yeah well you're even even like uh what an
hour ahead of me so yeah late one for us just bring in d in now looks like lamre's with us
is david gonna make it
so i think he said yesterday he could let me just uh give him a ping and and see
i know it is quite late his time so
Yeah, David should be here
shortly as well
I see him now
Let's try and get him up
And I think we have David
Can you hear us, David?
Yeah, I can hear you guys
Okay, cool
I think we've got everyone
Spade, you
Oh no, it looks like Spade dropped down as listener again
On my screen anyway
Spade, are you with us?
I think it seems like it might have a little bit of trouble getting Spade up
Just be one more minute
One more minute
And we'll get started
Can you hear me now?
We hear you
Yep, loud and clear
I just realized I had been speaking alone for like five minutes before then
Because like I showed up as a speaker on my screen
But apparently that wasn't the case for other versions of reality
So, oh well
That might have had something to do with me sending you a co-host invite
So let's just not do that
And hope the space doesn't die with no co-host
Yeah, indeed
He's got bigger fish to fry at the moment
You see all the thing about advertising and telling people to
Tell Disney to F off earlier today or something
Yeah, surely that was more important than shipping a decent product
Yeah, for sure
It's not too bad
And hopefully it'll survive the course of this space
So fingers crossed
Let's get cracking
Welcome everybody to another Neutron Spaces today
Today we're joined by the Neutron Grants team
Kind of feels like a long time ago
Since we laughed at the space of the Grants team
But yeah, it's now live and considering applications
So good to get you guys on
And we'll have a little chat about the Grants program
And what it's going to be doing
And all that kind of good stuff
Of course we've got Spade
Our co-founder from Neutron
Here today too as well
And at some point I'll be able to speak English
Anyway, just before we get going
A quick disclaimer
I need to let you know that
We may discuss the NTRN token
And that NTRN is not registered as a security in the US
And is therefore not available to US residents or citizens
And also nothing here today should be considered financial advice
It's just a discussion for educational purposes only
Okay, cool
So yeah, welcome guys
I think we'll basically start off with a brief round of intros
And then I'll get Lan Ray to take us through
And give us a bit of a refresher on the Grants program
Sort of how that all came to be
And we'll talk about RFPs, reporting and the application process
And open up to any questions at the end
So yeah, like I said, welcome guys
It's really, really cool to see the program won't be
Awesome, yeah
Thank you and thanks for taking the time
I'm kind of really excited to talk a bit about
The NTRN grants program
What we've done thus far
Give everyone a recap of what we're trying to do
And kind of encourage people to apply
Or just ask us questions
As, you know, at the end of the day
The program's here to serve the NTRN community
So I'll start with the intro
And then we can, I guess, go around to the other reviewers
So I'm Lan Ray, I've been working in the crypto space for a while
Currently leading the grants program
Which means that dealing with a lot of the operations
Of both the grants program and also the foundation
And then also kind of working alongside the other three reviewers
To review all the applications that come into the program
So yeah, really excited to be here today
And so who is the first reviewer to give their intro?
Yeah, yeah, sure thing
Yeah, so role here is as a reviewer
And, you know, supporting Lan Ray
When it comes to reviewing the applications
Also has a small hand
When it comes to, like, setting up the operations as well
But yeah, super excited
On top of, you know, being part of this committee
Also work as a program lead in Longhash X
Which is the accelerator arm of Longhash Ventures
You know, one of the exciting things that we have going on right now
Is running the world's first atom economic zone accelerator
Of course, also alongside Neutron and AEDAO
So that's an exciting thing that I also do in my other life
So excited to, you know, be on the spaces and speak to you all
Busy man, busy man
Then we've got Effort Capital from Blockworks
When he's not saving Atom
He's reviewing grants for Neutron, aren't you?
Yeah, I mean, I couldn't have said the introduction better myself
Just like Amir
I'm a reviewer for Neutron Grants program
Full-time I'm working at Blockworks Research as a research analyst
And just a long-time Cosmos community member
So, I'm really happy to be here
What's your hot seat to Cold Throne for the day?
I don't know
I'll put Jaquan on the hot seat, I guess
And the Adams
I guess the original Cosmos hub is on the Cold Throne
Starting the space with some spice, I like it
Yeah, indeed, try and follow that
We have David Park from Cosmos Station
Yeah, hey everyone, nice to meet you
My name is David
I'm one of the reviewers at NGP
And as a full-time job
I'm working on strategy at Cosmos Station
And yeah, really excited to be here
And finally get this rolling
Dude, I feel a bit self-conscious
Like with this spectacular panel here
Well, I was just about to say
Like quite the team that Landray's assembled here
So yeah, Landray
Just give us a bit of an overview
About what the program involves
And how you, you know
Work with the guys at your disposal here
Awesome, yeah, sure
And it really is a great team
And the goal was to try to find people
From across the Cosmos
And also in the Neutron community
That I think could best be in position
To judge what needed funding
Specifically to help grow Neutron
And kind of the wider Cosmos ecosystem
So kind of, yeah
It's been a great team
And it's been a great process thus far
Just to take a step back
And explain exactly for people
Who may not know what the grants program is
Essentially, the Neutron grant program
Is a DAO adjacent program for Neutron
To issue grants for Neutron-related
Technical research and development
And other initiatives
Which we judge to be beneficial
To the Neutron ecosystem
We carried out an on-chain proposal
Which allocated to the grant program
A sum of 20 million Neutron tokens
The vast split between 16 million
Within a grants fund
Which essentially is a sub-DAO
Of the Neutron main DAO
And 4 million for the operational fund
To deal with day-to-day operations
Of running the Neutron grants program
And its foundation
A Cayman's entity
Which we can talk about
Very briefly in a bit
But essentially we're set up
In a way to hold
The meatspace Cayman's entity
Accountable to the main DAO
At all time
In terms of, for example
The main DAO
And if you guys read the bylaws
Which are posted on the forum
Is able to remove the directors
Or the members of the reviewer team
If we're judging not to
We do no job appropriately
And we're really trying to hold ourselves
Accountable to the main DAO
In the highest possible way
And the goal is just ultimately
With the Neutron grants program
To fund different initiatives
Within Neutron
Which we think can grow the ecosystem
And this comes in
A lot of different ways
So our areas of focus
We set out
Six different things
Developer tooling and experience
Protocol development
User-based infrastructure
User-based applications
Joint funding
And research and education
And we have been
Putting a lot of thought
Or we had put a lot of thought
Into the grants program
For I think months
Before the prop
Even officially went on chain
We have sent
The prop officially passed
In early October
And then as of November
We've been officially accepting grants
And people can just go
To neutrongrants.com
And there's an application form
In the top right corner
Of that page
Which allows people
To easily apply
That application takes
About 10 minutes
And we're really excited
To give people grants
From as small as $1,000
To in theory
Up to $500,000
To help build
Things that fit
Within these various mandates
On Neutron
And kind of things
That help benefit Neutron
And we think this is
A really key way
To help grow the ecosystem
And grow the Neutron ecosystem
And kind of try to make it
The best, you know
Cosmos sub-consumer chain
We can make it
I don't know if there's anything else
That other reviewers
Want to add to that
Or anything I've missed out
Before we kind of go on to
Talking a bit more about specifics
I thought that was
Get over to you, Mon, right?
Yeah, yeah
And kind of
I think kind of
Then to dive into
A little bit more
About strategy
And I think maybe
How we kind of
Are trying to distinguish ourselves
Especially from our experience
Looking at how
Other grants programs have gone
People have fortunately
Been involved in quite a lot
Of this stuff
Even within the
Kind of review committee
Is one thing
I guess there's two parts
Two approaches
That grant programs
It can be very kind of
And accept applications in
And fortunately
Even since we've opened
That application
We've had a lot of
Really high quality
Applications
We've had about
30 applications
And we're in the process
Of reviewing them
With the goal of
Giving out the first batch
Of funding
Hopefully within the next
But one thing we've noticed
Is that we kind of
Especially want to be
As intentional as possible
With our grants
As opposed to giving out
20, 30 small grants
Which aren't necessarily
Going to add
A ton of value
To Neutron
And justify
That has been given
By the main DAO
Or given to the
Grants by the main DAO
We're really focused
On working out
Exactly what are
The main tenets
Of what could be
Of different
Kind of applications
And different projects
Which could really
Add a lot of value
To Neutron
In that line
We kind of came up
With the idea
Of what we call
Which are visible
On our website
As a blog post
And then also visible
On the project page
Of our website
Also where
A bit more information
About each of these
Is visible
And the idea
With Core RFPs
A request for proposal
Was essentially
To earmark
Largest sums of money
For people working
On specific things
We think can add
Significant value
To Neutron
And we're really
Trying to prioritize
These applications
And things that fit
Under these RFPs
And are both
Actively searching out
Teams to build
These projects
And also projects
That fill this
That apply to
The Neutron Grants
Will also be
Prioritized
So I'll quickly
Touch on a few
Of the RFPs
There's a lot
Of writing
A lot of detail
On some of these
So I recommend
And this is something
I'll post a link
To the blog post
After this
Trader space
Is I recommend
Anyone to actually
Read the blog post
To get the full
Meet of the context
So I'm just
Going to give
An overview
So the six RFPs
Are as follows
So the first one
Is Neutron
As a sediment
Layer for RFPs
So sponsoring
Development
That makes Neutron
A more appealing
Stediment layer
For rollups
And the modular
Economy in general
Staked assets
Fixed rates
Advanced vault
Strategies
So finding ways
To sponsor
The democratization
Of advanced
DeFi strategies
Which build
And connect to
Neutron as a
Settlement layer
And also to
Interchain
Is tooling
To improve
Governance
And governance
In general
We're very
Kind of interested
In finding ways
To improve
And further
Neutron exists
As a governance
And kind of
The Neutron
Grant program
I think is an
Example of
Governance
Innovation
To a degree
Looking for
Help further
And further
Which I think
Can reverberate
For the rest
Of the cosmos
The fourth
Stable coins
And synthetics
And derivatives
One of the
Biggest use cases
And crypto
Are things to do
With derivatives
Stable coins
And synthetics
It's one of
Which I think
Have a strong
Product market
And there isn't
Enough of that
Within the cosmos
And also Neutron
Are directly
And we want to
Help incubate
Novel proposals
Which help
Bootstrap a
Neutron native
Ecosystem for
Those applications
And I think
There's a lot
More that we
There than
We currently
To significantly
Improve the
Developing
Applications
On neutrons
The cosmos
There's a lot
We can learn
From other
Ecosystems
For example
For developing
Is Solidity
Use tooling
Applications
And there's
Experienced
Developers
To quickly
And easily
Build safe
And reliable
Applications
Looking forward
To funding
Initiatives
Final thing
Social apps
Interchain
Started to
Successfully
Successfully
Prominence
Applications
Applications
Application
That exists
Down to see
And consumer
Applications
Which aren't
Necessarily
Financialized
Really want
To promote
Those both
Within the
And specifically
Within Neutron
Fund those
I've said a lot
But those are
In addition
We're very
Excited to
To improve
Distribution
Of getting
Users involved
In Neutron
Are generally
Earmarked for
Some of the
Largest sums
Willing to
Given month
Given batch
I've spoken
Passionate
Or interested
Particular
Have anything
Add anything
Just take a
The explicit
Areas that
We're interested
Much aware
Areas that
Be supporting
Folks here
Innovating
And interesting
Directions
That could be
Beneficial to
Neutron and
The cosmos
Ecosystem as
Totally supportive
Narratives
Applications
Or uncover
Examples of
Things that
Super bullish
That we're
We're taking
We're also
Like accepting
General applications
But outside
Applications
We're also
Heavily in
Of retroactive
Ecosystems
Or services
On Neutron
Product market
Bootstrapped
It themselves
Application
That bringing
In that new
Developers
And that new
Users into
Those teams
And obviously
Encourage them
For retroactive
Through Neutron
Because we
Think it's
Important to
Build that
And obviously
We'll also
Accept inbound
Retroactive
Funding too
So I think
We're trying
To balance
General applications
But retroactive
That makes
Heard being
Exactly the
Right approach
Something that's
Difficult to do
In practice
How do you
Applications
Things that
Like built
Playbook for
You tell us
More about
Essentially
Design the
Application
Them funding
And reviewers
Initiatives
Add tangible
To Neutron
Willing to
Behind that
As opposed
To smaller
Ticket sizes
And the way
Explain the
Application
What we're
Looking at
Application
The project
Motivation
Your history
A breakdown
Fundraising
And trying
Out exactly
What exactly
Disambiguate
Operations
Application
Application
When someone
A vertical
Positioning
Determinant
Understand
Motivations
Synthetrics
Synthetrics
Especially
Opportunistically
Allegiance
Motivation
Application
Competitive
Initiative
Application
Objectively
Application
Necessarily
Beneficial
Development
Internally
Necessarily
Sustainability
Subsequent
Regardless
Sustainably
Especially
Interviews
Milestones
Personally
Incredibly
Competitive
Ecosystems
Historical
Applications
Primitives
Throughout
Ecosystems
Historical
Understanding
Categorizes
Outstanding
Application
Application
Understand
Differentiate
Competitors
Information
Application
Interested
Everything
Milestones
Necessarily
Retroactive
Categories
Evaluation
Beneficial
Milestoning
Milestoning
Deliverables
Especially
Significant
Especially
Accountable
Especially
Accountable
Milestones
Deployment
Specifically
Communicative
Applicants
Prospective
Milestones
Especially
Understand
Accountable
Especially
Foundation
Officially
Conversations
Potentially
Potentially
Operational
Applicants
Concurrently
Operational
Background
Foundation
Operations
Operational
Initiative
Especially
Governance
Indicators
Operational
Operations
Operational
Operations
Operations
Transactions
Transactions
Applications
Transaction
Applications
Transparent
Understanding
Transparency
Communication
Transactions
Transactions
Accountable
Transparency
Operations
Constantly
Transparency
Communications
Operations
Applicable
Applications
Applications
Categories
Infrastructure
Development
Relatively
Application
Especially
Applications
Especially
Development
Application
Anticipate
Applications
Definitely
Dashboards
Particular
Commenting
Prioritizing
Priorities
Information
Information
Applications
Reasonable
Interesting
Deployments
Synthetics
Applications
Priorities
Contingent
Fortunately
Particularly
Perspective
Strategies
Governance
Synthetics
Derivatives
Applications
Significantly
Applications
Interchain
Applications
Difference
Synthetics
Derivatives
Applications
Definitely
Personally
Contributors
Strategies
Development
Incredible
Opportunity
Settlement
Contributor
Interchain
Aggregating
Interchain
Interesting
Demonstrating
Aggregations
Interesting
Technologies
Fundamental
Contribution
Contribute
Meaningful
Undertaking
Definitely
Developing
Applications
Definitely
Iterations
Contributors
Interchain
Tremendous
Sustainable
Essentially
Submission
Interesting
Application
Personally
Specifically
Decentralized
Application
Decentralized
Opportunity
Personally
Decentralized
Application
Integrated
Applications
Especially
Traumatized
Centralized
Convenient
Centralized
Everything
Decentralizing
Necessarily
Decentralization
Reasonable
Reasonable
Represents
Representative
Structured
Ubiquitous
Derivatives
Derivatives
Derivatives
Penetration
Potentially
Governance
Opportunity
Leveraging
Opportunity
Distribution
Mechanisms
Tokenomics
Tokenomics
Distribution
Essentially
Tokenomics
Applications
Percentage
Allocation
Definitely
Governance
Constructive
Bootstrapping
Allocations
Established
Participate
Especially
Distributing
Interesting
Conversation
Interesting
Absolutely
Essentially
Application
Anticipate
Interviews
Conversation
Feasibility
Application
Streamlined
Streamline
Particular
Applications
Operations
Procedures