RLY Ecosystem DAO Reviewer Handbook
About the Program
Welcome RLY Reviewers to the RLY Ecosystem DAO where we as a community foster an organic, rich community-driven ecosystem of developers, creators, businesses, and service providers for the $RLY Network ecosystem.
Become a RLY Reviewer
Through our program, Reviewers receive access to distribute 20M $RLY in grants and analyze projects in the social token space. VCs, angels, founders and startup advisors join RLY Reviewers to continue honing their craft in analyzing great teams and deploying grants, with the ultimate goal of growing the RLY Network.
Application timeline: Application opens May 2022
Meet your startup experts
Jennifer Tran https://twitter.com/JKim_Tran
Founding Member, Alchemist DAO, Involved in the community as a developer and Rally.io Grant recipient.
Nader Dabit https://twitter.com/dabit3
Dev Rel, Edge and Node (The Graph), FWB, Developer DAO
Stephen Chou https://twitter.com/sschou12
Crypto Investments, Exploring Play-to-Earn games,Crypto Investments, Exploring Play-to-Earn games, Translink Capital (Investor in Forte)
Amin Iman https://twitter.com/aminiman89
early adopter, technical background, community organizer
Mike Huang https://twitter.com/MikeXHuang
active analytical angel with access to blockchain dealflow, Competitive Axie Infinity player
Ishaan Haranandi https://twitter.com/ishaan0x
ability to assess projects, VC has access to project deal-flow
Idan Levin https://twitter.com/levin_idan
Involved in the RLY community, Investor @ Collider VC
Projects - How to Post a Funding Proposal
$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.
DAO Treasury allows for 50-80 projects per year
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 - 1-10,000 $RLY: 3/7 reviewers approved
- Rapid Grants - 10k-100k $RLY: 5/7 reviewers approved
- Community Grants - 100k-1M $RLY: initial application to a form, posting the proposal on governance forum, community vote to approve.
What is the process of getting funding?
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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.
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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.
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Submit a proposal on-chain through the DAOHaus platform
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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.
How to Submit a Proposal
Title
Description
Manifesto/Vision
Problem
Solution
Product
Validation
Progress
Differentiation
Team
Grant Request $
Funds
Help
Additional Resources
Grant Distribution Process
Step 1: RLY Reviewers Onboarded
Step 2: Reference Forms for Projects to Review
Step 3: Share analysis
Step 4: Submit your review, grading and decision
Step 5: Join weekly sync to discuss grading and decide grant amount
Step 6: Announce decision
Step 7: Project submits funding request onchain
Step 8: Team releases grant funds
Step 9: Engage on Project’s grant announcement
Reviewer Resources
Community Resources
Discourse [LINK]
Invite to Townhall
Fridays 9AM ET