This grant funds Margined to open-source their Locust vault framework—a tool that enables third parties to permissionlessly attract capital (via vault deposits) and subsequently manage the execution of a variety of strategies on dYdX. The vault contracts will reside on other Cosmos chains, such as Osmosis, and use a combination of Authz and Interchain Accounts to let executors (i.e., strategy managers) operate their strategies on dYdX.