Derive Builder Grants
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.