Terra Grant Program Analysis

    Terra Grant Program Analysis by ALI

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    Proposals

    as you can see here , there are more than 30 Community Pool Spend Porposals , 16 proposals are for Grant Purposes and 16 remained Proposals are related to other Purposes . so lets deep dive in Grants ones .

    Out of nearly 16 proposals, 11 were accepted by the majority of the community and received their qualified award, but nearly 5 proposals could not attract the opinion of the community and were rejected.

    In the following, we are observing more metrics for each proposal and compare them in terms of various data.

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    Terra 2 & Governance

    The Terra protocol is a decentralized public blockchain governed by community members. Governance is the democratic process that allows users and validators to make changes to the Terra protocol. Community members submit, vote, and implement proposals.

    Drafting and submission

    Proposals start as ideas within the community on Terra's Agora forum. After gaining support and feedback from the community, a proposer drafts and submits a proposal alongside an initial deposit.

    To learn more about the different types of proposals, see the Proposal types section below.

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    Terra Grant Program Analysis

    What is Grant Program

    A grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Unlike a loan, you do not have to pay back the money. In some cases, the receivers of study grants who abandoned their courses have to pay back the money.

    The financial assistance may be for a student to study or for a team to carry out research. The grantee may also award grants forcommunity projects, or setting up businesses.

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    A little about Terra Grant Program

    Identify needs or deficiencies within the Terra ecosystem. These needs will be through community solicitation, or roundtable discussions with community members, validators, developers, and users.

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    • 3 - Software Upgrade

      This type of proposal requires validators to update their node software to a new version at a specified block height.
    • 4 - Community pool spend

      To spend funds in the community pool.

      ✔️ Result :

      As we can see in this section, the number of text proposals is more, but what we are dealing with in this dashboard is community Pool spend proposals. so we will analyze this type of proposals and dive dive more in it .

      Proposal types

      • 1 - TextProposal

        To handle other issues like large directional changes or any decision requiring manual implementation.

      • 2 - Parameter Change

        Parameter Change Proposals are a special type of proposal which, once passed, will automatically go into effect by directly altering the network's specified parameter.
      ProposerScop of RequestAgora discussion linkStatusAmount of LunaEstimate amount ($)Link to on-chain proposalProposal id
      Metrics DAO💖

      Data Curation for Terra Mainnet for queries enabled by Flipside Crypto

      linkPassed136,612 Luna$250,000.0link

      902

      Entropic Labs

      Launch of Entropy Beacon: Secure and unpredictable entropy (randomness) on-chain solution

      linkPassed50,000 Luna$80,000.00link

      979

      Social KYC oracle (TYC)

      Launch of TYC: KYC solution using Twitter identity

      linkPassed20,000 Luna$49,200.00link

      1502

      Coinhall

      Launch of Genie: Rewards distribution platform that allows projects to meaningfully group and incentivise wallets based on desirable wallet behaviour

      linkPassed50,000 Luna$130,000.00link

      1525

      Capapult

      Launch of $SOLID: Decentralised stablecoin similar to $DAI

      linkPassed113,773 Luna$200,000.00link

      2616

      Redacted Money

      Expanding Redacted’s mixer solution across Cosmos

      linkRejected400,000 Luna$620,000.00link

      3186

      Eris Protocol

      6 - 12 months of runway for product maintenance and delivery against roadmap

      linkRejected450,000 Luna$720,000.00link

      3460

      Knowhere / Soil Protocol

      6 months of runway for product maintenance and delivery against roadmap

      linkRejected187,500 Luna$300,000.00link

      3533

      TFM

      Runway for product maintenance and launch of 6 products, including limit orders, NFT aggregator, and asset & LP management dashboard

      linkPassed1,000,000 Luna$1,600,000.00link

      3612

      Contro

      Runway for launch of MVP and 1 year of funding for launch of generalized prediction markets and transition to self-funding model

      linkPassed560,000 Luna$935000.0link

      3665

      Terra Poker

      Terra Poker Grant Proposal (Updated)

      linkRejected300,000.00 Luna$470000.0link

      3795

      ERIS Protocol

      building and shipping with our focus on Terra and are requesting 312,500 LUNA

      linkPassed312,500.00 Luna$500000.00link

      3796

      Hermes Protocol

      Community Grant for public goods development

      linkPassed80,000.00 Luna$150000.00link

      4591

      dUST Games

      build the epicenter of Cosmos Casual Gaming on Terra 2.0.

      linkRejected23,000.00 Luna$46000.00link

      4596

      Kujira's BOW

      To incentivize LUNA-USK pool on Kujira BOW with 5,000 LUNA over 4-6 weeks

      linkPassed10,000.00 Luna$20000.00link

      4596

      SCV-Security

      Sponsor vulnerability research, small hackathons and scaling SCV’s proactive security work dedicated for Terra and on-chain projects.

      linkPassed550,000 Luna$885,500.00link

      3534

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      Full-detailed Info for each selected proposal

      please go to the top of the page and enter your selected proposal's ID then come back and see the related result

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      In the graphs below, we can see the number of voters and the votes for the proposals related to the grant.

      We also see the number of votes based on their type(Abstain - Nowithveto - No - Yes).

      As we can see the most voters and votes are for #4596 and 'YES' Votes are more than 'NO' ones in #4596.

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      ✔️ Result

      After selecting the proposal id and entering it and clicking on the apply parameter option, you can see the information of that proposal in this section.

      Information such as:

      The number of voters, the number of votes given, the number of votes and voters based on the type of vote, daily activity charts and daily cumulative charts from the beginning day to the end of the proposal.

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      Full-detailed Grant Table

      This table shows the information about all the grants that have been accepted or rejected.

      All this information is correct and collected from reliable sources mentioned at the end of the dashboard. Also, this table has been created with the help of HTML and CSS tags and you can see more information related to that proposal by clicking on the relevant links.

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      ✔️ Conclusion:

      The result that can be obtained from this dashboard:

      1- Nearly 4,800,000 dollars have been granted to various programs, which is equivalent to 2,881,000 Luna tokens that have been deposited into participants' wallets. Of course, I must remind you that Terra has fully invested in some of these proposals and incompletely invested in others, so these numbers are approximate.

      2- Out of the total number of registered proposals, 32 proposals were of the Community pool spend type, out of which only 16 proposals were related to the grant program.

      3- Of the total number of Community pool spend proposals, only 11 were accepted and 5 were rejected.

      4- Proposals 4596,4591, 2616, 4593, 3186 and 3796 have the highest number of voters and registered votes.

      Referrences :

      Terra money

      Terra money Docs

      Last Mdao Bounty Submission

      Terra money Grants

      Contact me :

      Linkdin

      Twitter

      Discord = ALi#6526

      thank you for your time 💖

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