Hello @shvandrew_Zircon_Fin ,
I’m Ismael, as a committee member of the Revised Grant Program i´d like to, first of all , thank you for applying and for answering the questions already asked by the members of the community. After reviewing your proposal along with your project documentation and other sources of information such as your social networks and github repositories, I wanted to give you my feedback with the intention of giving you ideas to improve the proposal and make it even more accessible to the community. The questions and feedback broadly falls into two categories: The format of the proposal itself and specific project feedback.
For the first of my questions I am going to refer to a post by user tneves asking what would be the measures to take in case there is a “black swan”.
You mention you were exposed by the SBF and you took actions to rectify it. This has been expanded in further comments in this discussion post, it may be beneficial for your proposal to expand about the actions you took to rectify it.
Proposal format
The Revised Grant Program calls for several pieces of information to be provided as part of the template. In some areas your application could be enhanced to give the community greater transparency and reassurance while reviewing your application.
Timeline and Milestones for Use of Grant: This section is dedicated to relevant timing data, including but not limited to: start and end date, milestones and goals. Your proposal indicates the steps to follow but it is not clear if you already have thought of a collaboration with other projects in the ecosystem from the beginning. Another thing worth mentioning is the lack of explanation on what will happen to the funds in the event that market conditions worsen. I applaud the fact that you are actively thinking about the possibility of a market turndown and what to do in that case; but at the same time, this could also be abused. Would you be willing to agree to self-imposed limits on how long you can hold the funds before they must be returned to the community?
Project feedback
You mention a gradual deployment of the remainder of grant to support liquidity for ecosystem projects. Between 25-75k GLMR will be set for each pool per month. How are these pools going to be selected? And on what metrics will you base the monthly re-assessment?
What are your plans if the GLMR/USD pool can’t become self-sufficient once the grant funds are over? In case there’s another pool with higher APY than yours for the same token pair, how would you differentiate from your competitor?
How will you measure if a pool is healthy and based on what will you adjust the relative reward distribution?
What’s the role of the ZRG token on Zircon?
What are the expectations for increase in transactions / new user attraction / TVL due to your deployment on Moonbeam?
Updates to Proposals
Please note that you have until March 19th 2023 11:59PM UTC to make changes to your proposal. A list of changes based on community feedback should be added to the “Updates’’ section of the proposal and any changes should be reflected in the text of the proposal itself.