Grant ID: 85zrxeqnn
Questbook is an on chain grants orchestration tool that helps ecosystems run and manage their grants program. It is completely open source and built on top of The Graph.
We propose Graph Advocates DAO launch Graph Advocates DAO grants (GAGP) program with a budget of $200k spread across 2 quarters to fund a wide variety of teams aligned with Graph Advocate’s mission and roadmap using Delegated Domain Capital Allocation Model. Questbook is leading Compound Grants Program (Compound | Proposal Detail #136) through delegated domain capital allocation model(Minimum Grants DAO with Maximum Community Participation | Questbook official blog), a community-run grants program.
We additionally propose that this budget be managed by 4 individuals called Domain Allocators - chosen from the community and by the community. These domain allocators would manage grants for a domain. These domains are strategic areas of focus for which Graph Advocates DAO wants to disburse grants.
- The performance of each of these domain allocators will be publicly viewable and auditable using rich dashboards. At the end of the quarter, the Advocates DAO community can vote to replace, continue domain allocators or increase budgets for each domain allocator.
- We, Questbook.xyz (https://questbook.xyz/), will help facilitate setting up these domain allocators and provide the tooling to run the grants program in an efficient and transparent way. We have previously set up or currently setting up the grants process for Compound, Polygon, Solana, Celo, and Aave
The Delegate Domain Allocation model is popularized by the Ethereum Foundation.
“We also believe that more decentralized funding is important for the future of the Ethereum ecosystem. We continuously try to allocate resources to third parties that we believe can make better decisions than us within certain domains.” - Executive Director Ethereum Foundation (https://ethereum.foundation/report-2022-04.pdf)
A detailed version of our proposal containing the domains, specification and implementation of Delegated Domain Capital Allocation Model can be found here : https://www.notion.so/GAGP-Delegated-Domain-Allocation-by-Questbook-20e267936faa415b96b6f8f72d099c63
If available, please enter a link to your project below:
Are you applying as a team or individual?:
What type of grant are you pursuing?:
Please select the category your project best fits into:
Please select who you think will benefit from your project?:
Curators, Indexers, Delegators, Subgraph Developers, Other
How much funding are you looking for? (USD):
Provide a breakdown of your requested funding:
Questbook will invoice the Advocates DAO 5% of the total disbursal only after the grant amount has been successfully disbursed to the proposer. The total proposed budget for 2 quarters is $200k
Have you applied for (or already received) funding from somewhere else?:
If yes, please describe where you’ve received funding from and how much you have, or will, receive:
We are backed by some of the leading venture capital firms such as Lemniscap, Dragonfly capital etc. We have been awarded grants from well reputed ecosystems such as Solana, Polygon, Compound, and Aave.
What’s your vision for how your project will impact The Graph and/or web3?:
We envision Questbook as the best place for capital allocators to fund builders using Delegated Domain Capital Allocation (DDA) model. Delegated Domain Allocation model will benefit The Graph Advocates DAO in the following ways:
Aligned allocation of funds: By leveraging the Delegated Domain Allocator (DDA) model, the Graph Advocates DAO can ensure that funds are allocated to projects that align with the domain (key areas selected by the Graph Advocates DAO community), promoting efficient and effective use of resources
Increased transparency: The Delegated Domain Allocator approach provides a clear and transparent process for allocating funds, ensuring stakeholders understand the decision-making process. Questbook, a decentralized grant management platform, provides a transparent space for teams to showcase their backgrounds and experience. In addition, Questbook’s reporting features will allow the Graph Advocates DAO to quickly generate monthly reports on the allocation of funds, with the details for each grant proposal.
Increased accountability: With a dedicated group of stakeholders responsible for allocating funds, the Delegated Domain Allocator approach promotes increased accountability, ensuring that the funds are used effectively and efficiently. Domain allocators can be replaced through a community vote if their performance is not up to the standards accepted by the community.
Increased Community Participation: Delegated Domain Capital Allocation approach is aligned with the Graph Advocates DAO’s mission to drive greater participation in building a
decentralized web3 and grow The Graph ecosystem by supporting community-based initiatives
Turnaround Time (TAT): The Delegated Domain Allocator model will help significantly improve proposals’ turnaround time and overall outcomes for the ecosystem. An example of this is Compound who’s already leveraging the DDA model and has a communication TAT of less than 48 hours.
What does success look like?
- The prime objective of this model is to have domains that align with Advocates DAO’s priorities. This way, the project’s contribution to the grants program directly adds value to the DAO and the token holders.
- Increase in the number of contributors, proposals, and funded projects
- Increase in the homegrown leadership to run grant programs (measured by the number of people running grant programs)
- Increase in the community members’ participation to keep grant programs accountable (measured by the number of people looking at the dashboard and participating in the program)
- Diversity in projects being funded across technologies, geographies, and demographics, to name a few. We encourage the community members to review the proposals across different domains during Advocates DAO community calls regularly
- Increased engagement in builder community’s
- Discord, Telegram
- Social media (Twitter, Reddit)
- Improved community involvement in the grants program
- Strengthened contributors’ sentiment toward Advocates DAO
- Enhanced Advocates DAO brand recognition in builder circles
What can you share about any past work that is relevant to this grant?:
Questbook is leading Compound grants program through delegated domain capital allocation model, a community-run grants program. We have previously set up or currently setting up the grants process for Compound, Polygon, Solana, Celo, and Aave.
Our Usage Metrics
- 20K+ MAU.
- Capital Allocators have reviewed, accepted, and facilitated grants worth $2.1M.
- 1500+ proposal submissions from high-quality builders
Can you share any information about current/past web3 experience?:
Our team has a rich experience in building in Web 3.0 since 2016. Questbook’s founders are among the first 5 contributors to Plasma (ethereum scaling solution) specifications and are active contributors to open source development. They have previously worked at reputed organisations such as Meta, Google, Microsoft, and Intuit. Questbook’s Github : Questbook · GitHub
Questbook is leading Compound grants program through delegated domain capital allocation model. We have previously set up or currently setting up the grants process for Compound, Polygon, Solana, Celo, and Aave.
Why are you interested in contributing to The Graph and/or web3?:
Questbook is built on top of The Graph and has greatly benefited from its usage. We believe that The Graph is one of the most important infrastructure layer that empowers developers to create decentralized applications (dApps) with efficient data indexing and querying capabilities. Our goal is to enable Graph Advocates DAO fund deserving teams aligned with its mission and roadmap using Delegated Domain Capital Allocation Model. This will help The Graph drive top of the mind awareness and retain the mindshare of key ecosystem contributors.
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