Web3 Association - Open source contributor funding experiment setup

[lovegrovegeorge]

Project Abstract

This is a research proposal to experiment with an open source contributor funding process. Developers in the ecosystem would be funded to help with developing the most impactful open source initiatives in the ecosystem. Contributors could work on new initiatives or improvements to existing open source solutions.

This funding process will trial a number of approaches from our funding analysis (https://funding.treasuries.co). This funding process and the approaches being trialled could become long term funding solutions for Polkadot if this experiment proves to be successful.

This proposal is for the setup of this experiment. A future proposal will be submitted that requests approval for the actual funding process once the experiment has been setup.

Grant level

• [x] Level 1: Up to $10,000, 2 approvals
• [ ] Level 2: Up to $30,000, 3 approvals
• [ ] Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

• [x] The application template has been copied and aptly renamed (project_name.md).
• [x] I have read the application guidelines.
• [x] Payment details have been provided (Polkadot AssetHub (DOT, USDC & USDT) address in the application and bank details via email, if applicable).
• [x] I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
• [x] I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
• [x] The software delivered for this grant will be released under an open-source license specified in the application.
• [x] The initial PR contains only one commit (squash and force-push if needed).
• [x] The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
• [] I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @lovegrovegeorge:matrix.org (change the homeserver if you use a different one)