The HBAR Foundation is excited to announce the launch of our pilot request for proposal (RFP) program to deliver a more transparent, community-supported element to grant giving.
We are piloting two separate RFPs from that invite developer teams everywhere to apply for grants to build solutions meeting hyper-specific needs within the Hedera ecosystem.
The pilot will take place from July to August 2024, the RFPs will be open for submission for 1 month, then we will have a screening period of 2 weeks and an evaluation period of 2 weeks.
The pilot will consist of two individual RFPs created to address the following needs:
This grant will be structured like a standard HBAR Foundation development grant, with funding tied to the completion of clearly articulated development milestones.
In Support Of Credit Market Liquidity
This grant will be structured as a new type of grant modeled off a network utilization incentive pool. The Foundation will initially commit to 10M HBAR in funding for all eligible credit teams to apply for incentives. This pool will be evergreen and potentially topped up depending on ecosystem needs. Projects will be able to apply multiple times. Each application will be required to outline their liquidity milestones and KPIs.
The HBAR Foundation’s current grant program is designed to seed an organically growing Hedera ecosystem. The core tenets of this grant process have been collaborative grant scoping with prospective recipients, an extensive due diligence process, and a milestone-driven payment structure.
The goal of the RFP Pilot is to expand our existing grant program to help address issues that we and the community have observed as useful, missing, or unsolved in the Hedera ecosystem. This pilot intends to take our learnings and formalize them within a broader grant program.
Please note that the RFP Pilot Program is in addition to our existing grant process and if your project is not a fit for our current RFP Phase, you can apply for a grant here.
Next page: Requests for Proposal to learn more about eligible RFP categories.