Hello everyone,
The Tranche 2 Ecosystem Grant snapshot vote is now complete. As explained in this forum post, the top 3 teams at the end of the second snapshot vote will be eligible to go to the on-chain referendum, provided they meet a minimum awarded GLMR threshold requirement and update the community with their revised milestones.
The top three teams all met the threshold of 14.286% of the vote (the equivalent of 500.000 GLMR out of 3.5M).
The following teams reached the minimum threshold of the vote:
| Team | Voting Percentage | Awarded Amount |
|---|---|---|
| Moonwell | 45.053% | 1,576,853.40 GLMR |
| Gamma | 25.44% | 890,254.15 GLMR |
| Beamswap | 17.798% | 622,927.68 GLMR |
The following teams were not in the top three and will not go on to the on-chain vote:
| Team | Voting Percentage | Community Grants Bucket Amount |
|---|---|---|
| Moonfit | 8.268% | 289,373.80 GLMR |
| Stellaswap | 2.79% | 97,596.63 GLMR |
| Charm | 0.403% | 14,109.49 GLMR |
| Arden | 0.132% | 4,614.73 GLMR |
| Orbiter One | 0.118% | 4,116.46 GLMR |
| DefiEdge | 0.004% | 153.66 GLMR |
| Total | 11.713% | 409,964.77 GLMR |
As a result, 409,964.77 GLMR will be added to the Community Grants Bucket.
Now that the amounts are known, the three winning teams have until August 10th, 23:59 pm UTC to create a post on the Grant Proposals forum articulating their revised milestones and they are encouraged to be as specific as possible.
The community will have until August 12th, 23:59 pm UTC to provide feedback and ask questions about the revised milestones.
Separate on-chain referenda will be created for these three teams, as well as TFA DAO on August 14th. The four referenda will be live for 14 days.