Round 17 - GMC Call for Grant Applications - Deadline is October 7

ShfRyn · 7 September 2024 17:47

This thread is for applications for Rocket Pool’s September 7, 2024 - October 7, 2024 grants. Please only post grant applications in this thread. If you would like to discuss and/or ask questions about any applications you see in this thread, we ask that you do so in this separate forum thread which has been established for all community discussions related to this round of applications. Only those grant applications that are posted in this thread and timestamped by October 7, 2024 at 23:59 (11:59 PM) UTC will be considered. Any grants posted after that deadline will be carried over to the next award period.

This is the expected schedule for round 17:

Application Period (September 7 - October 7)
Scoring Deadline (October 22)
Final Voting Amendments, Discussion and Finalization (October 23 - October 26)
Award Announcement (October 29)

Differences Between Grants and Bounties

Grants are intended to be applied for by those who are wishing to carry out the work themselves. Bounties are open-ended goals that could be met by anyone, including those other than the proposing party. In other words, if I believed that Rocket Pool needed a fifty-foot paper mache orange rocket for publicity purposes and I wanted to be the one to built it, I would apply for a grant. If I instead thought Rocket Pool needed a fifty-foot paper mache orange rocket for publicity purposes but I wanted it to be open to whoever built it first to claim the reward (similar to a prize), then I’d apply for a bounty.

To guide you in your application, the GMC has established the following goals and the following scoring rubric:

GMC Goals

Grants, bounties, and retrospective awards should make it easier and/or more attractive to do one or more of the following:

become a node operator
operate a node, mint rETH
hold or use rETH
improve the quality of life for the protocol and its community.

Grants Rubric

When evaluating grant applications, the GMC takes into account the following goals:

If the application is successful, to what extent does it further the GMC goals?
To what extent can the application be feasibly carried out by the person(s) proposed to complete it?
If the application is successful, how large is the benefit to the protocol relative to the size of the proposed costs

Grant Application Template

Please copy paste the template below into a reply. Answer the questions there, feel free to remove or add sections based on relevance.


## Name of Grant

### What is the work being proposed?

### Is there any related work this builds off of?

### Will the results of this project be entirely open source ([MIT](https://opensource.org/licenses/MIT), [GPL](https://www.gnu.org/licenses/gpl-3.0.en.html), [Apache](https://www.apache.org/licenses/LICENSE-2.0), [CC BY](https://creativecommons.org/licenses/by/4.0/) license or similar)? If not, which parts will not be, why, and under what license will they be published?

## Benefit

<please enter N/A where appropriate>

| Group | Benefits |

|---|---|

| Potential rETH holders | If the grant is successfully completed, how does this help people looking to stake ETH for rETH? |

| rETH holders | If the grant is successfully completed, how does this help rETH holders? |

| Potential NOs | If the grant is successfully completed, how does this help people looking to run a Rocket Pool node for the first time? |

| NOs | If the grant is successfully completed, how does this help people already running a Rocket Pool node? |

| Community | If the grant is successfully completed, how does this help the Rocket Pool community? |

| RPL holders | If the grant is successfully completed, how does this help RPL holders? |

### Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

## Work

### Who is doing the work?

### What is the background of the person(s) doing the work? What experience do they have with such projects in the past?

### What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

### How is the work being tested? Is testing included in the schedule?

### How will the work be maintained after delivery?

## Costs

### What is the acceptance criteria?

### What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

### Is the applicant requesting RPL or LUSD?

### How will the GMC verify that the work delivered matches the proposed cadence?

### What alternatives or options have been considered in order to save costs for the proposed project?

## Conflict of Interest

### Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).

### Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?

ShfRyn · 3 October 2024 13:10

Name of Grant

rETH Growth Incubator Review

What is the work being proposed?

Fund reviewers for the rETH Growth Incubator bounty.

Is there any related work this builds off of?

This process was previously used for the Rapid Research Incubator bounty. It was submitted as a retrospective award application on February 10, 2024. (Round 9 - GMC Call for Retrospective Applications - Deadline is February 11 - #5 by ShfRyn).

Will the results of this project be entirely open source

Yes, the feedback will be shared with the entire DAO.

Benefits

Group	Benefits
Potential rETH holders	This research will help improve rETH supply so that more rETH can be owned (non-full deposit pool) for cheaper (less premium) and better APR (less drag)
rETH holders	Keeping the deposit pool from filling up will help increase rETH’s yield.
Potential NOs	RPL valuation is based in large part on capture of market share; this bounty aims to improve the ability of the market to correctly value RPL, as well as the ability for the protocol to grow.
NOs	See potential NOs and RPL holders
Community	High-quality efficient review work is essential for any DAO. This seeks support from members of the RP community.
RPL holders	RPL valuation is based in large part on capture of market share; this bounty aims to improve the ability of the market to correctly value RPL, as well as the ability for the protocol to grow.

Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

N/A

Work

Who is doing the work?

An evaluation committee comprising a minimum of 3 members (preferably 5) will be appointed to assess the merit of the rETH Demand Incubator submissions. The committee selection process will involve a combination of volunteers expressing their interest publicly and the GMC reaching out for volunteers. The committee creation process is expected to last one to two weeks but can conclude at any time after the selection of 5 members. Members of the evaluation committee are ineligible for rewards from this specific bounty.

What is the background of the person(s) doing the work? What experience do they have with such projects in the past?

The members of the review committee will be selected by the GMC based on their individual experience and deep knowledge in specific topics.

What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

Reviewers will have two weeks to evaluate the submissions and provide their feedback. They will submit a sheet similar to this one (Rapid Research Review Scores - Google Sheets). It will follow the rubric outlined in the rETH Demand Incubator bounty.

Reviewers will be tasked with selecting 2 to 3 promising submissions and providing their own insights and suggestions for implementation.

A discussion call will be scheduled based on the most convenient time for the majority of reviewers. Those unable to attend must provide brief notes or updates on their findings prior to the call.

How is the work being tested? Is testing included in the schedule?

N/A

How will the work be maintained after delivery?

This effort is part of the broader initiative called Operation rETH. Following the review, the GMC will approve several tasks, which will then be converted into bounties. A board will be created to track the progress of these tasks.

The Discord channel can be found here (Discord)

Costs

What is the acceptance criteria?

Following the directions provided by the GMC and submitting feedback at the specified deadlines.

What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

$3-000 - 5,000

$1,000 per reviewer x (3-5 reviewers)

This expects each reviewer to spend 10 hours reviewing the submissions.

This is based on the survey findings from the Rapid Research review, where reviewers reported separately:

8 hours reviewing
7 hours not including meetings
14 hours total ( ~10 hours reading all the submissions, asking questions, thinking about them, taking notes, 2 hours for meeting plus prep for meeting, 2 hours for scoring and making sure my scores were consistent across all submissions)
8.5 hours (5.5 hours summarizing, 3 hours grading)

Is the applicant requesting RPL or LUSD?

RPL

How will the GMC verify that the work delivered matches the proposed cadence?

The review materials and process is provided by the GMC.

What alternatives or options have been considered in order to save costs for the proposed project?

Upon project completion, reviewers may be asked to report the number of hours they spent on the review. The GMC could then calculate the average and compensate them at a rate of $100 per hour.

Conflict of Interest

Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).

During the Rapid Research Incubator, one member of the GMC and two core team members acted as reviewers. I recommend allowing GMC members and team members to qualify to be reviewers and for compensation.

Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?

No

trooper · 6 October 2024 18:06

Name of Grant

We are currently in the process of selecting a final name that best reflects the vision and functionality of our project. For the time being, we refer to it as the RP Explorer.

What is the work being proposed?

This proposal seeks to create a Rocket Pool explorer as an alternative for Rocketscan.io, incorporating all features from the Huston upgrade and the Tokenomics Rework Prelude (RPIP62), assuming the ongoing vote passes successfully.

Is there any related work this builds off of?

While the initial feature set would be based on the existing functionalities of RocketScan, the entirety of the frontend and backend infrastructures will be built from scratch.

Will the results of this project be entirely open source (MIT, GPL, Apache, CC BY license or similar)? If not, which parts will not be, why, and under what license will they be published?

We are committed to fostering transparency and collaboration within the Rocket Pool community. Accordingly:

Frontend Repository: Will be made freely available under the GPL V3 license, allowing the community to view, modify, and contribute to the user interface components.
Backend Repository: Will remain closed source. However, we will provide comprehensive API documentation and maintain transparency about the backend processes to ensure trust and reliability.

Rationale for Licensing Choices:

Frontend Open Source: Aligns with Rocket Pool’s ethos of community collaboration and transparency, enabling developers to contribute and improve the user-facing aspects of the explorer.
Backend Closed Source: Protects the integrity and security of the data processing infrastructure, preventing potential vulnerabilities and ensuring consistent performance.

Benefit

Group	Benefits
Potential rETH holders	Gain comprehensive insights into network performance, enhancing trust and confidence in rETH as a secure and reliable staking asset.
rETH holders	Monitor the ongoing performance and health of Rocket Pool, ensuring rETH remains a sound and attractive investment.
Potential NOs	Access detailed, real-time information on Rocket Pool to evaluate the viability and benefits of becoming a node operator, facilitating informed decision-making.
NOs	Track the performance and status of their nodes in comparison to others, promoting healthy competition and network reliability.
Community	Benefit from a transparent and accessible platform that provides a clear overview of the network’s overall health and performance metrics.
RPL holders	Monitor Rocket Pool’s performance to ensure that RPL remains a robust and attractive investment option, supporting token value stability.

Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

This proposal will enhance the transparency of Rocket Pool, thereby fostering increased trust and confidence in the protocol among external stakeholders. Just to name a few examples:

Ethereum Community: Staking and decentralization is a important topic for the security of Ethereum. Therefor the data can be used to show how rocketpool helps to decentralizs the validator set.

DeFi Protocols: Protocols that integrate or utilize rETH (such as liquidity pools, lending protocols, or synthetic asset platforms) will benefit from having improved data and analytics to better assess the health and stability of Rocket Pool, thereby enhancing risk management and integration strategies.

Institutional Investors and Custodians: With the increasing interest from institutions in Ethereum staking, providing a transparent and trusted platform for monitoring staking metrics benefits institutional investors seeking clarity in decentralized staking environments.

Work

Who is doing the work?

The grant will be executed by a dedicated two-person team: a frontend developer, Legion, and a backend developer, Trooper.

What is the background of the person(s) doing the work? What experience do they have with such projects in the past?

Legion (Frontend Developer):
- Experience: Over five years of frontend development expertise, specializing in Web3 projects.
- Skills: Proficient in building decentralized applications (dApps), user interface design, and integrating blockchain technologies into user-centric platforms.
- Contributions: Responsible for designing and developing the intuitive and responsive frontend interface of the RP Explorer, ensuring a seamless user experience.
Trooper (Backend Developer):
- Experience: Extensive background in backend development with a focus on building robust off-chain data indexing systems.
- Skills: Expertise in handling backend infrastructure for blockchain projects, data management, and API development.
- Contributions: Tasked with developing the backend infrastructure for data indexing, storage, and retrieval, ensuring data accuracy and performance.

We have collaborated on multiple projects, successfully developing various dApps that integrate frontend and backend functionalities. Our combined expertise ensures comprehensive coverage of all technical aspects required for the RP Explorer. Trooper’s experience as a Rocket Pool Node Operator (NO) for over two years provides valuable insights into the Rocket Pool ecosystem, enhancing the project’s relevance and effectiveness.

What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

We estimate a 12-week timeline to complete the proposed scope. Since most tasks will be executed concurrently, we have avoided assigning specific deadlines to each milestone. However, we have outlined the following key milestones:

Backend Development

Tasks:
- Develop the backend server for data indexing and storage.
- Integrate data sources and ensuring compatibility with Huston upgrade and RPIP62.
- Implement APIs for data retrieval.
Milestone: Functional backend infrastructure with initial data indexing.

Frontend Development

Tasks:
- Design and develop the user-friendly frontend interface.
Milestone: Completed frontend with integrated backend data.

Testing and Quality Assurance

Tasks:
- Conduct usability testing and gather feedback from early preview users.
- Perform data accuracy verification by cross-referencing with trusted sources.
- Optimize performance for speed and real-time data display.
- Fix bugs and resolve any identified issues.
Milestone: Tested and refined explorer with high data accuracy and user satisfaction.

Final Deployment and Launch

Tasks:
- Deploy the explorer to a live environment.
- Conduct final performance optimizations.
- Prepare documentation and user guides.
- Launch the RP Explorer to the community.
Milestone: Successfully launched RP Explorer with all features operational and accessible to users.

Scope:

Page	Description
Landing Page	A summary of key information about the network
Minipool infos	Queue status, minipool counts, deposit size distribution, and minipool version distribution
Node infos	General details and metrics for all nodes in the network
Smooting Pool infos	Percentage of participants, pool balance, and expected payouts
Deposit Info	Overview of deposit-related data
rETH	Overview of key information, including holders and recent activity
RPL	Breakdown of RPLv1 vs RPLv2; token and staking info
Network Configuration	Current network settings and configuration
oDAO Information	Relevant details on the oDAO and status
pDAO Information	Information on active and past votes within the pDAO

This list highlights the key points for each page. The final scope will include additional content. The data will include historical information where applicable.

Optional Expansion:

Additional Features: Based on GMC feedback, we can integrate extra functionalities such as customizable user settings, or a testnet version.
Timeline Adjustment: Any scope expansions will be discussed and integrated into the timeline accordingly, ensuring flexibility while maintaining project integrity.

GMC Collaboration:

We welcome input from the GMC throughout the development process to ensure the RP Explorer meets the community’s needs and expectations.
Regular updates will be provided to ensure transparency.

How is the work being tested? Is testing included in the schedule?

Ensuring the RP Explorer’s reliability and user satisfaction is paramount. Our comprehensive testing strategy includes:

1. Usability Testing:

Internal Testing: We will conduct extensive internal tests to evaluate the user interface and overall user experience.
Early Preview Release: We will offer an early preview version to gather feedback and identify areas for improvement.
User Feedback Integration: Incorporate feedback from preview users to enhance usability, accessibility, and functionality.

2. Data Accuracy Verification:

Cross-Referencing: Validate all displayed data by cross-referencing with trusted community sources and existing Rocket Pool metrics.

3. Performance Testing:

Load Testing: Assess the explorer’s performance under various load conditions to ensure stability and speed.
Optimization: Optimize backend queries and frontend rendering to achieve near real-time data updates and swift page loads.

How will the work be maintained after delivery?

We would be happy to continue maintaining the explorer after the final delivery. We’re open to discussing options for ongoing maintenance or new feature development with the GMC. This could be based on an hourly rate or we can explore a grant-based model for future enhancements. Our goal is to ensure the explorer remains up-to-date with the latest Rocket Pool protocol changes and continues to provide value to the community.

Costs

What is the acceptance criteria?

Functionality: Implementation of all outlined features, including a robust backend for data indexing and a responsive frontend for data display.
Data Accuracy: The explorer accurately reflects near real-time and historical data, validated through cross-referencing with trusted community sources.
Usability: The user interface is intuitive and functional, with feedback from early preview users incorporated where applicable.
Performance: Optimized for speed, ensuring quick data loading and near real-time updates.
Bug-Free Delivery: The final product is free of bugs.

What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

We request the following payment structure:

Initial Grant: $150,000 USD to be disbursed upon delivery of the completed project.
Monthly Stipend for Maintenance: $300 USD per month to cover server upkeep and maintenance costs. We propose an initial period of six months, totaling $1,800 USD.

Is the applicant requesting RPL or LUSD?

We would like to request that all payments be denominated in LUSD.

How will the GMC verify that the work delivered matches the proposed cadence?

The GMC can verify the work through the following means:

Code Repository Access: The frontend code repository will be made available on GitHub under the GPL V3 license, allowing for transparency and community scrutiny.
Live Deployment: The project will be publicly deployed upon completion, enabling verification of the work delivered.

What alternatives or options have been considered in order to save costs for the proposed project?

If the GMC wants to reduce costs of this grant, the committee is welcome to propose a reduced scope, prioritizing essential features to be delivered within the budget constraints. Optional features can be added later, contingent on additional funding or community demand.

Conflict of Interest

Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).

No, none of the team members are members of the GMC, nor would any member of the GMC financially benefit from the grant.

Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?

No, the grant’s success will not result in financial benefits for the recipients beyond the intended project execution. The project is solely focused on enhancing the Rocket Pool ecosystem.

signalxu · 7 October 2024 18:53

Name of Grant

RocketFi

RocketFi is a community-driven, unofficial explorer for Rocket Pool DeFi opportunities. It helps rETH holders maximize their participation in DeFi to earn rewards and unlock the utility of rETH. Additionally, it supports node operators in leveraging DeFi to enhance their node operations.

What is the work being proposed?

No.

Is there any related work this builds off of?

No.

Will the results of this project be entirely open source

Yes, GitHub - 0xsignal/rocketfi

Benefits

RocketFi will display data on current DeFi integration protocols for RPL/rETH, along with educational resources related to strategies involving lending, borrowing, and liquidity. This initiative aims to lower the barriers for community members to participate in DeFi, enabling them to engage more effectively in the ecosystem.

Group	Benefits
Potential rETH holders	DeFi farms offering high-yield opportunities attract potential users to mint or swap for rETH
rETH holders	More convenient participation in DeFi enables users to earn rewards and unlock the rich utility of rETH.
NOs	By participating in RPL DeFi opportunities, users can engage in node operations and earn RPL staking rewards.

Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

N/A

Work

Who is doing the work?

I will independently complete this project. The overall design and front-end page development are already finished. For data retrieval, I’m using The Graph, and I’ve completed about one-third of the data integration. You can check out the demo at this https://rocketfi.vercel.app/, though the data is currently populated with mock information.

What is the background of the person(s) doing the work? What experience do they have with such projects in the past?

I come from a Web2 background as a product manager, with three years of Web3 experience. My skill set includes front-end development, product design, and operations. I have contributed to the core product development at StaFi, gaining expertise in LST/LRT and DeFi. Additionally, I’m an active RocketPool node operator and enthusiast, combining technical knowledge with hands-on experience in decentralized finance and staking solutions.

What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

3 days, RocketFi research
1 week, Web development
2 week, The Graph integration, the protocol data for on-chain DeFi integration is indexed using The Graph, and development is currently underway.
Handle data maintenance and continue with ongoing operations, promotions, and educational efforts

How is the work being tested? Is testing included in the schedule?

How will the work be maintained after delivery?

To ensure the project’s ongoing success after delivery, several steps will be taken:

Data Maintenance: Regular monitoring and updates using The Graph to ensure accuracy of protocol data.
Operations & Support: Continuous support for any bugs or performance issues, along with regular updates and improvements based on user feedback.
Marketing & Education: Ongoing campaigns and educational initiatives to engage the community, including tutorials and guides on using the platform and DeFi protocols.
Community Involvement: Regular feedback loops and updates from users for improvements.

Costs

What is the acceptance criteria?

The page should operate smoothly, and the data must be accurate (due to The Graph’s quota limitations, data will be updated periodically via the server rather than in real-time). Additionally, the strategy and educational content should be free from errors.

What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

Initial: The initial research and front-end development work has been completed, and for this part, I am requesting a payment of $800 - $1000. Payment will be made after the grant application is approved.
Launch: After the release and acceptance, I will request a payment of $2300 - $2500, to be paid upon successful approval of the acceptance.
Operation: For ongoing operations, monitoring, and maintenance work, I am requesting $600, to be paid after the official release.

Is the applicant requesting RPL or LUSD?

RPL

How will the GMC verify that the work delivered matches the proposed cadence?

The review materials and process is provided by the GMC.

What alternatives or options have been considered in order to save costs for the proposed project?

Conflict of Interest

Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).

No.

Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?

No.

limes.eth · 7 October 2024 21:57

Name of Grant

rETH Integration in wannabet

What is the work being proposed?

We have added rETH support to WannaBet, an existing onchain peer-to-peer social betting tool.

This integration allows parties to earn yield on their funds while participating in bets using rETH.

Is there any related work this builds off of?

WannaBet is an existing project that we’ve enhanced with rETH integration.

Will the results of this project be entirely open source (MIT, GPL, Apache, CC BY license or similar)? If not, which parts will not be, why, and under what license will they be published?

Yes, all aspects of the project are open source. Github Repo

Benefit

Group	Benefits
Potential rETH holders	The integration provides an additional use case for rETH, potentially attracting new holders.
rETH holders	Existing rETH holders gain a new way to utilize their tokens while still earning yield.
Potential NOs	N/A
NOs	N/A
Community	The integration contributes to the proliferation of rETH and adds more use cases, strengthening the Rocket Pool ecosystem.
RPL holders	Increased utility and demand for rETH could indirectly benefit RPL holders through increased protocol usage.

Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

Users of WannaBet will benefit from the ability to use rETH in their bets.

Work

Who is doing the work?

The work is being done by limes.eth and ncale.eth.

What is the background of the person(s) doing the work? What experience do they have with such projects in the past?

We are a duo that works on apps such as wannabet, Jellybeans.wtf and opgovscore.com. We have experience in developing and maintaining blockchain-based applications.

What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

We have already integrated rETH into WannaBet. The integration has been completed and is currently in use.

How is the work being tested? Is testing included in the schedule?

The integration has already been tested and used for 109 bets, demonstrating its functionality and reliability.

The largest bet on the platform is bet 74. It’s a bet of 0.9 rETH on the release date of ENS v2. The use of rETH is estimated to yield the winner an extra $226 over the period.

How will the work be maintained after delivery?

We will continue to maintain the WannaBet platform, including the rETH integration, as part of our ongoing development efforts.

Costs

What is the acceptance criteria?

The integration is already live and functional, with 109 bets using rETH completed.

What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

We are requesting a retroactive grant of $2000 USD for the completed integration.

Is the applicant requesting RPL or LUSD?

We are requesting LUSD.

How will the GMC verify that the work delivered matches the proposed cadence?

As this is a retroactive grant for work already completed, the GMC can verify the integration by checking the WannaBet platform and confirming the functionality of rETH betting.

What alternatives or options have been considered in order to save costs for the proposed project?

We considered integrating different LSTs but decided against it in favor of rETH to support decentralization while choosing a popular coin.

Conflict of Interest

Does the person or persons proposing the grant have any conflicts of interest to disclose?

No conflicts of interest to disclose.

Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?

No, there are no additional financial benefits beyond the grant itself.

haloooloolo · 7 October 2024 23:57

RPIP-62: Tokenomics Rework Prelude

What is the work being proposed?

This grant is in recognition of all the work that went into RPIP-62: ideation, discussion, modeling and drafting of the final RPIP among other things.

Is there any related work this builds off of?

The ideas of the RPIP rely heavily on the full tokenomics rework RPIP-49 being implemented in the near future.

Will the results of this project be entirely open source (MIT, GPL, Apache, CC BY license or similar)? If not, which parts will not be, why, and under what license will they be published?

The full RPIP and reward spec are available are available on GitHub.

Benefit

Group	Benefit
Potential rETH holders	Node operator growth would unlock additional rETH capacity, which allows potential holders to mint rETH.
rETH holders	Node operator growth would also deplete the deposit pool, which decreases idle ETH in the system and therefore increases rETH APR.
Potential NOs	People who do not wish to hold RPL to stake their ETH will finally get the opportunity to do so within Rocket Pool.
NOs	Current node operators will be able to add additional minipools or bond reduce their existing ones without adding to their RPL exposure.
Community	Negative growth over the last year has taken a noticeable toll on the community and Discord among other things has been less active. If successful, this RPIP could potentially reverse that trend.
RPL holders	Increased protocol TVL correlates with increased RPL value going into Saturn 1.

Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

NodeSet could potentially benefit if Constellation ends up being RPL limited.

Work

Who is doing the work?

@haloooloolo , @samus, @knoshua, @epineph, @Valdorff, @NonFungibleYokem, @sckuzzle, @LenOfTawa.eth, @ramana, @Patches

What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

All the work has already been completed. See cost breakdown for details.

Costs

What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

The grant is broken up into an initial fixed payout ($15,000) and variable payout (up to $60,000) based on TVL growth. The distribution among contributors is based on the following mixture of discussion time and individual contributions:

Contributor	Discussion Time	Discussion Compensation	Individual Contributions	Contribution Description	Initial Payout	Percentage
haloooloolo	97h 2m	$ 3,921.23	$2,500.00	Full RPIP + spec + governance	$6,421.23	42.81%
samus	28h 46m	$1,162.50	$500.00	CSM comparison sheet + push for higher base commission	$1,662.50	11.08%
knoshua	15h 17m	$617.62	$1,000.00	Initial RPIP + spec draft	$1,617.62	10.78%
Epineph	19h 4m	$770.51	$500.00	Pro cliff argument (variant A)	$1,270.51	8.47%
Valdorff	30h 33m	$1,234.56	$0.00		$1,234.56	8.23%
NonFungibleYokem	7h 56m	$320.60	$500.00	Proto voter share	$820.60	5.47%
sckuzzle	16h 39m	$672.85	$0.00	NO behavior analysis (separate grant)	$672.85	4.49%
LenOfTawa	6h 41m	$270.08	$250.00	Visualizations + separate RPIP draft	$520.08	3.47%
ramana	9h 53m	$399.40	$0.00		$399.40	2.66%
Patches	3h 14m	$130.66	$250.00	Reward spec review	$380.66	2.54%
	235h 5m	$9,500	$5,500		$15,000	100%

The variable share will be based on TVL growth relative to the block at which the setting changes for RPIP-62 are executed. Every additional ETH of pETH capacity being created will be rewarded with $0.03. Every additional ETH of nETH TVL will be rewarded with $0.30. Concretely, this would put compensation for a new LEB8 at $3.12 and compensation for a bond reduction at $0.96. The variable payout is limited in amount by a $60,000 cap and in time by the launch of Saturn 1. It will follow the same distribution percentages as the initial $15,000 payout.

The exact schedule for the variable compensation share is at the discretion of the GMC, but a partial payout every four weeks is preferred.

Is the applicant requesting RPL or LUSD?

RPL

How will the GMC verify that the work delivered matches the proposed cadence?

The work has already concluded, the impact should be assessed using the criteria defined above.

What alternatives or options have been considered in order to save costs for the proposed project?

It was considered whether NodeSet Constellation alone would be sufficient to support TVL growth going into Saturn. The conclusion was that it would be important to have a solution on the core protocol level.

Conflict of Interest

Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).

@epineph has decided to remove himself from consideration for this grant. It is up to the GMC to decide whether this request is honored and if so, leads to a lower total payout or redistribution to other contributors.

Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?

No

ShfRyn · 8 October 2024 12:18

Notice: This message marks the closing of the seventeenth (17) round of Rocket Pool grant applications. Any applications submitted after this will not be considered for this round. The GMC will announce the award recipients in a new thread here on the forums around October 27th. The community will then have two weeks to issue any challenges before funds are disbursed. Thank you to all who applied and thank you to everyone who has followed along. Anyone who would like to comment on existing applications is encouraged to do so in this thread.