Announcing Alpha Grants Program & The First Dev Grant

This post was originally published on Alpha Finance

Announcing Alpha Grants Program & The First Dev Grant

Alpha Finance Lab is a DeFi Lab. We are building an ecosystem of DeFi products (the Alpha ecosystem), consisting of innovative building blocks that capture unaddressed demand in key pillars of the financial system. These building blocks will interoperate, creating the Alpha ecosystem that will be an innovative and more capital efficient way to banking in DeFi.

As a part of laying the foundation to build a scalable Alpha ecosystem, we are excited to announce the Alpha Grants Program.

Alpha Grants Program

Alpha Grants Program is a program in which Alpha Finance core development team will give grants to Alpha Builders, well-organized development teams and individuals with a proven track record of building in DeFi who want to contribute to building the Alpha ecosystem.

Importantly, this program also allows the broader Alpha community to propose new development grants even if they don’t plan to work on the proposed grants themselves. If the proposed development grants are approved by the Alpha Finance core development team, Alpha Thinkers (the person/team proposing the grant) will receive 5% of the grant amount in ALPHA tokens when the development is complete.

With this structure, we are one step closer towards decentralizing the project. Alpha Grants Program is one of the key components of a strong foundation we are putting in place. This foundation will allow us to build and incubate many DeFi products under the umbrella of Alpha Finance Lab in a scalable and secure way.

The First Alpha Grant

Alpha Finance is giving the first developer grant to Alpha Builders to build an Alpha dashboard that will contain key metrics in the Alpha ecosystem to help our community understand the trends/usages and get valuable insights.

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Scope

  • You can find a high level and detailed level scope of the grant here.
  • Team is not expected to design the user interface, as a full UI mock-up by Alpha Finance core development team will be given to the qualified team once selected.

Grant amount

  • $1,500 – $2,000, paid in ALPHA tokens

How to apply as an Alpha Builder?

Next steps after applying?

  • We will get back to you within 14 days of receiving your email to either request more information, or give you a decision on your grant application.
  • The qualified team of Alpha Builders will work closely with the Alpha Finance core development team.
  • A full UI mock-up will be given to the qualified Alpha Builders.

Alpha Thinkers – Want to propose new development grants?

You can find a guideline to submit a new proposal here.

This is an open-ended grant program, so as long as your proposal contributes to the Alpha ecosystem or helps the Alpha ecosystem participants (e.g. token holders, token stakers, Alpha Homora lenders, Alpha Homora yield farmers) in some way, we encourage you to submit your development idea!

Remember that if the proposed development grants are approved by the Alpha Finance core development team, Alpha Thinkers (the person/team proposing the grant) will receive 5% of the grant amount in ALPHA tokens when the development is complete.

Proposals will then be evaluated based on:

  • Benefits the proposed developments provide to Alpha ecosystem participants
  • Business potential & viability
  • Capital efficiency/grant usage

Welcome both Alpha Thinkers and Alpha Builders to the Alpha Wolf community. Submit your grant proposal, start contributing, and get funded by the Alpha Finance team!


About Alpha Finance Lab

Alpha Finance Lab is a DeFi Lab and on a mission to build an ecosystem of DeFi products (the Alpha ecosystem), consisting of innovative building blocks that capture unaddressed demand in key pillars of the financial system. These building blocks will interoperate, creating the Alpha ecosystem that will be an innovative and more capital efficient way to banking in DeFi.

Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that captures the market gap in lending, one of the key pillars of the financial system.

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