Derive Builder Grants

Michael Spain

• 2 min read
Derive Builder Grants
https://derive.xyz

Application Form: https://docs.google.com/forms/d/e/1FAIpQLSfgZNENQ_QEL6t4svINlgIT2gU0vBtPtrybiDfIgLi_NYCrKQ/viewform

Build Grants Framework: https://www.notion.so/lyra-finance/Derive-Builders-Grants-12a03b51517e8042bb2cfaa2c12732e9?pvs=4

We are excited to announce the launch of the Derive Builder Grants program, supported by the Optimism Governance Fund. This initiative recognizes and rewards community contributions, serving as a key pillar for the growth of Derive.

About the Grants Program

The Derive Builder Grants program aims to foster innovation within the Derive and Optimism ecosystems. With a total allocation of 500,000 OP tokens, we are committed to supporting builders, developers, and projects that align with our strategic priorities.

Grant Allocation Categories and Distribution

Builders: 100,000 OP

  • Technical Integrations (33%): Support third-party technology vendors, such as SaaS providers and OEMs, to lower barriers to in entry on Derive and Optimism.
  • Infrastructure Providers (33%): Fund technical integrations and infrastructure development, including price oracles and volatility feeds.
  • Audits (33%): Ensure ongoing security and compliance through regular audits.

Liquidity: 400,000 OP

  • Market Makers (50%): Incentivize liquidity provision on spot, options, and perpetual futures to enhance market depth.
  • Protocol Activity (50%): Encourage trading and institutional flow providers to increase transaction volume, promoting strategy deposits and lending activity.

Application Process

Builder grant applications will be accepted on a rolling basis. To apply, please fill out our application form.

Evaluation Criteria

Applications will be assessed based on:

  • Alignment with Derive's strategic priorities.
  • Potential to drive user engagement and transactions on Derive L2.
  • Team capabilities.
  • Technical feasibility.
  • Impact on the Derive and Optimism ecosystems.

Decision-Making Process

Our core team will oversee the grants process until a governance body is established.

Goals and Objectives

Through this program, we aim to:

  • Increase Total Value Locked (TVL).
  • Grow the number of unique users.
  • Boost transaction volume and block space demand on Derive L2.
  • Promote competitive liquidity versus centralized venues.
  • Support integrations with protocols on Optimism Mainnet and other OP Stack chains.
  • Strengthen technical support, connectivity, security, and robustness of the Derive Protocol.

Impact and Metrics

We will measure success using the following metrics:

Growth:

  • TVL in the grantee’s protocol.
  • Number of transactions emitting event logs.
  • Number of active addresses interacting with grantee’s contracts.
  • Total amount of gas fees generated from grantee’s contracts.

Stickiness:

  • Percentage of retained active addresses interacting with the grantee’s contracts.
  • DAA/MAA ratio (Daily Active Addresses/Monthly Active Addresses).

Developer Tooling:

  • Number of testnet transactions emitting event logs.
  • Number of active developer addresses interacting with grantee’s contracts.

Build with us

By leveraging the support from the Optimism Governance Fund, we are dedicated to fostering a vibrant community of builders and developers.

🐎 derive.xyz