$RLY Ecosystem DAO Summary and Purpose:
- Summary: A decentralized, autonomous organization run directly by $RLY token holders to govern and distribute a periodically refreshed budget for the benefit of the $RLY network.
- Objectives: Foster an organic, rich community-driven ecosystem of developers, creators, businesses, and service providers for the $RLY Network ecosystem.
- Business Model: Annual grants from the Association, with the first grant totalling 20M $RLY and $2M USDC.
Primary DAO Activities: Funding projects, companies or individuals via grants to build on top of the $RLY Ecosystem, which includes:
- Specific Projects: Build on $RLY, support existing projects for specific purposes, etc.
- Community (Education): Get grants to build elements of the $RLY ecosystem that will help current and future members.
- Product Launches: Applications of each launch must have prototyped a feature-full product. We would provide a ~$50K equity-free contribution based on specific milestones for your application.
- Events and Hackathons: Sponsoring events and hackathons for people to learn about $RLY and build in the $RLY ecosystem.
- Bounties: Funding $RLY ecosystem specific bounties.
What do we fund?
- Research: Publishing Reports and Research Papers on concepts like “Engage-To-Earn”, Token Bonding Curves and other crypto-economic constructs appropriate for the $RLY Ecosystem
- $RLY Token Adoption: Owning the governance process for increasing adoption of the $RLY Token. Eg: Getting $RLY token accepted as an Asset on a DeFi protocol like Aave or Solend, or creating an Index that represents the $RLY ecosystem on Index Co-Op.
- Developer Tooling: Creating crypto tools that support the $RLY developer ecosystem. Eg: Token Bonding Curve Simulation Tools, On-Chain Analytics for Solana/Eth RLY.
Projects: Building on the $RLY token and launching a social/defi platform with “Engage-to-Earn” mechanics. - Sponsorships and Events: Eg: Sponsoring Eth Denver/Solana Breakpoint events, Funding $RLY events (Panels, Meetups, etc), Sponsoring Crypto Podcasts and Newsletters.
- Crypto Community Partnerships: Entering into Strategic Partnerships through funding or token swaps with other DAOs like Developer DAO, FWB, etc that are strategically important to the $RLY Network.
What do we not fund?
- Rally.io or Unite.io specific creator tooling. Eg: a creator coin gating/airdrop tool
- dApp projects that do not integrate $RLY token.
- Rally.io/Unite.io Creator Marketing/Content
- Projects that add Coin utility for the Rally.io community, including Creators, Developers, or Coin holders.
- Grants requiring north of 1M RLY
How much funding is usually available?
Proposed Thresholds for Grants Funding and Review:
- Micro Grants: up to 50,000 $RLY, 4/7 reviewers approved
- Rapid Grants: 50,001 - 500,000 $RLY, 5/7 reviewers approved
- Community Grants: 500,001 - 1,000,000 $RLY, initial application to a form, posting the proposal on governance forum, community vote to approve.
What is the process of getting funding?
-
Post your idea on the forums to get initial feedback from other community members; tweet at us, message us etc. We usually chat and provide very quick feedback in regards to whether the project would be in the scope of funding.
-
We’ll usually reach out to jump on a video call with you and within 2-3 days within the call, you can expect either a strong yes signal of interest (90%+ which receive this get funding) or a response that it is not a fit.
-
Submit a proposal on-chain through the DAOHaus platform
-
If you get a strong yes signal from us, we’ll likely provide feedback and also have additional feedback for the project before we commit to a grant.
Use this Template for Submission
Title
Description
Manifesto/Vision
Problem
Solution
Product
Technical Integration
- how to integrate RLY
- timeline
- Github option
Validation
Progress
Differentiation
Team
Grant Request $
Funds
Help
Additional Resources
View Example Proposal Submission
-
Submit Here: RLY Ecosystem DAO - RLY Discussion Forums
with: “Proposal: Name of Project” in the post’s Title Section -
Will get invited to submit on DAOHaus to receive your grant