Unlock Inc. is offering a grants program for anyone building interesting and useful integrations of the protocol.
When Unlock Inc. created the UDT tokens, we pre-mined a total of 1,000,000 tokens. These tokens are kept in Unlock's multisig wallet and our goal is to use up to 800,000 them to foster adoption of the protocol (the company will keep at least 200,000).
By November 1st, 2021, we have distributed 100,000 tokens. By May 1st, 2022, we want to have distributed another 200,000 tokens, totalling at least 300,000 tokens.
In order to increase the adoption of the protocol, we believe it is critical for the ecosystem to build Unlock integrations in various projects and products. In order to incentivize adoption, Unlock Inc. will grant some tokens to interesting projects.
These integrations can be in open source libraries or products (see our Wordpress or Drupal integrations), or even in private installations, provided that they have a large user base and could create a large adoption of the protocol.
For these, Unlock Inc. will publicly assign grants assigned to the teams in charge of building these integrations. The grants are subject to vesting, starting on the day the grant is approved. Once shipped, the vested grant account will be delivered to the Ethereum address provided in the application, while the rest will keep vesting until 1 year from the date of original acceptance of the grant.
Everyone is welcome to apply for a grant. Our application form will ask you to provide details about your projects so that we can make an informed decision. Grants are evaluated monthly by a team of 5, lead by Amber Case, Unlock Inc's strategic advisor.
What are we looking for?
Our five criteria are as follows:
Impact - Could this impact a lot of users?
Clarity - Does the project include user experience, aesthetics, and anything else that makes the solution clear, accessible and easy to use once implemented?
Feasibility - Is this a reasonable implementation?
Team - Does the team have the skills to make this happen?
Maturity - Is this a brand new startup or a launched system with revenue?
What if you get approved?
Congratulations🎉! You will receive an email from the grants commitee that details the next steps but here is what you should expect:
You will be invited to a dedicated Discord channel with other grantees where you can ask questions and share your experience
Your grant starts vesting on the day it is approved, for 12 months
You will be asked to provide detailed quarterly updates to the Unlock team so we can track your progress and provide support
When you're ready, emal us at [email protected] and we'll help you formally launch your project: you will get access to our blog to publish a post, as well as provide a video demo that we can share on our social networks (Twitter, Reddit, Telegram, Discord, Discourse... etc). We may also invite you to present at our monthly contributor meetup!
Once your project has shipped, we will deliver the vested tokens to your Ethereum address on Ethereum's main net. We ask that you delegate these tokens as soon as possible in order to join our governance DAO (feel free to ask for help on how to do that!). The rest of the tokens will keep vesting until the 1st anniversary of your project's approval by the committee.
We created a Requests for Grants document where we explore the types of integrations we hope to implement through our grant program. Please review these integration needs and apply for a grant if you are able to tackle any of the items on our list. Feel free to reach out to us on Discord if you would like to add an integration to our list as well. Most of the items on the Request for Grants were derived from our community requests.