Description
Over the course of 8 weeks, ArbitrumDAO will award 10,000 ARB to the 4 most deserving projects as determined by the elected ArbitrumDAO grants council each week (2,500 ARB to each project) for a total of 80,000 ARB awarded during this program. This program uses Jokerace to test giving out small grants in an on-chain and decentralized way. This first test has some admin authority, but is primary conducted "as if" fully onchain to identify issues. an 8 week grant giving series designed to help discover and award funding to the most deserving projects building on Arbitrum.
Why the Program Was Funded
This program was designed by Plurality Labs to:
Rounds & Milestones
Week 1: [CLOSED] Empowering Web3 Communities 11 (January 15-19, 2024)
Week 2: [CLOSED] Play to Earn, Reimagined 7 (January 22-27, 2024)
Week 3: [CLOSED] The Future of Identity in Web3 10 (January 29 - February 2, 2024)
Week 4: [CLOSED] Scaling DeFi for the Masses 3 (February 5-9, 2024)
Week 5: Bridging the Gap to TradFi (February 12-16, 2024)
Week 6: Sustainability in the Blockchain Age (February 19-23, 2024)
Week 7: Unleashing the Power of DAOs (February 26 - March 1, 2024)
Week 8: The Next Frontier of NFTs (March 4-8, 2024)
https://forum.arbitrum.foundation/t/plurality-labs-our-biggest-minigrants-yet-jokerace/20040
Decision Mechanism
The decision of what to fund is made using a Jokerace contest with 8 rounds of iterative improvements to the round settings.
Jokerace has an onchain dapp which allows the program manager to select initial conditions which then fully execute onchain. In this experiment, we allow a program manager to conduct 8 rounds of iterative improvements to round settings. To fully understand the end-to-end onchain process, we will also need to run experiments at the program level initial settings as well.
The program supports experiments to see if…