AIP-96: Funding for Public Goods (ETHGlobal & Gitcoin)

Oct 25

Written By Vulkan

HIGLIGHTS:
Author: @maariab, with support from @azeem at Gitcoin

Abstract:

This AIP provides for $200,000 in APE to fund hackathons and grant programs for people building for ApeCoin. The funding will be distributed across three initiatives: Ethereum Foundation’s upcoming ETHOnline hackathon, a dedicated Gitcoin ApeCoin ecosystems grant program, and Gitcoin’s Change program.
Participating in these initiatives gets ApeCoin more visibility and encourages developers to build for this community. It also serves as a way for ApeCoin to support public goods and other communities.

Steps to Implement:

After AIP is passed, ETHGlobal will send us an invoice for $45k that we can pay via wire or $APE. Payment specifications will be available on invoice.
$100k in APE sent to Gitcoin Grants Multisig: 0xde21F729137C5Af1b01d73aF1dC21eFfa2B8a0d6
$50k in USDC or ETH for the Change program sent to Gitcoin Grants Multisig: 0xde21F729137C5Af1b01d73aF1dC21eFfa2B8a0d6
Remaining $5k will only be requested if we identify an ETHOnline community to donate to. Payment information TBD.

Timeline:
Both programs are running in September so we need to finalize funding asap. Once funding is finalized I will confirm ApeCoin’s participation in both programs so we can finalize any necessary paperwork and remit funding.

Team:

Maaria is coordinating logistics and will not be paid. 100% of funding will go to the programs

Overall Cost:
$200k
This includes: $45k for ETHOnline hackathon, $100k for a Gitcoin Apecoin ecosystem grant program, $50k for Gitcoin’s Causes program, and $5k to be donated to another community for ETHOnline (this funding will only be called if a partner is identified)

https://forum.apecoin.com/t/aip-96-funding-for-public-goods-ethglobal-gitcoin/7989