Lido Ecosystem Grants Organization
We strive to fund individuals, projects and initiatives which benefit both Lido and/or the surrounding space while maintaining efficiency and accountability for big developments
Any blockchain developer, crypto enthusiast or a member of community can be a participant of this program. If you're improving the ecosystem or general awareness about Ethereum, PoS, DeFi, etc. and have a solid plan on how to meet your goals - we're here to support you
LEGO grants are sorted into four different piles by expected size and impact:
These are just some of the successful LEGO grants we’ve seen completed over the last few months.
For the full list of disbursed grants, please navigate here.
Grant Application Process
To apply for a grant, please follow the process outlined below:
Make contact with the LEGO person responsible for your specific area of contribution (or just any LEGO person who will forward you to the relevant point of contact) on Telegram to introduce yourself and your idea.
Good practice is to prepare a short pitch of the proposal:
Title: What is the grant application about?
Author(s): Who will be working on the proposal (experience, previous major achievements)?
Purpose: How will it aid the Lido ecosystem? Why is it important?
Summary: A brief summary of the grant application (3-4 sentences)
Details: timelines, expenses estimates.
Discuss grants terms
Hash out the terms, timelines, and deliverables in personal communication with the relevant LEGO member. They will get approval or rejection according to the LEGO process.
The proposal is shared on research.lido.fi and amongst LEGO committee members for review. Upon approval, communication channels will be set up and nominee will receive funding.
Upon completion, the creator is invited to introduce the grant work and showcase their developments to the LEGO committee.
The timeline for grant execution will differ based on the size of the grant opportunity as well as the number of committee members needed to take part.
LEGO is built up around 2 unique segments - LEGO Council & LEGO Nominees. Any LEGO member can send sandgrain, coordinate on pebbles and motion towards Boulders, while only LEGO Council votes on Boulders.
The LEGO Council is comprised of 8 LEGO partners with a range of backgrounds and experience, each responsible for a specific segment of Lido with a capacity of 15,000 LDO equivalent per quarter to facilitate sandgrain and pebble sized grants.
The LEGO Nominees is an extension of LEGO by up to 20 individuals who manage personal grant budget (10,000 LDO equivalent per quarter, included in total LEGO budget). The list of nominees is managed by a vote of the LEGO Council.
Each quarter LEGO issues reports with an overview and details of granting activity for the past 3 months: