Round 2 of Approvals

By:

dYdX Grants Team

Hi everyone!

We’re excited to bring you the second round of Grants approvals this week. Keeping the momentum going, we have 8 approved grants this week with a total of $258,000 in DYDX funding. As always, check out the Funded Grants section below for more information on each grant approved.

Applications were quick to snap up the new RFPs, so the team is working diligently on getting new RFPs up to keep the program open for new applicants!

Have a great week! 🦔

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Funded grants

Trading Strategy Bot + Youtube Tutorial

Grant will be used to build a trading strategy tool for dYdX traders to use locally via a GitHub repo. The strategy will initially include a simple market making algorithm, followed with more complex strategies including TWAP and grid trading. The repo will come with a Youtube tutorial educating users on its use.

Bayswater Capital

Completed

Monte Carlo Risk Calculator + Educational Post

The Grant will be used to build a Monte Carlo risk calculator for dYdX traders to better assess risk performance on their trading strategies. The tool will be host in a GitHub repo open sources for everyone. The tool will also come with an educational post for new users to adopt.

Bayswater Capital

Completed

Rewards Estimator and Alerting Tool

The Grant will be used to build rewards estimator tool to help traders map out their profits from rewards earned through trading on dYdX. The tool will allow for estimations through different strategies to determine the more profitable option. The team will also build alerting and educational content around the tool.

Mélody Frédérique

Funded

Trading Strategy Simulator and Risk Tool

The Grant will be used to build a trading simulator web application that will also include risk analysis and metrics around possible price scenarios. The tool will allow for mapping of different strategies across real time dYdX feeds and future price movements to help determine profitability.

Svyatoslav Bitiutskii

Completed

Japanese Educational Course

The Grant will be used to create an interactive dYdX course in Japanese. The course will go over all important aspects of dYdX to help new users feel comfortable trading on the platform.

Proof of Learning

Completed

dYdX Branding and Website

The Grant will be used to build a new fully self-hosted and uniquely designed Grants Program website. The website will host all existing features found today along with additional pages to host tools and content built by grantees. The grant will also include the designing of a unique dYdX Grants Program logo for marketing purposes.

Completed

Rewards Optimization Research and Paper

The Grant will be used to write a full research report and code samples that will determine optimal trading strategies for rewards maximization. The paper will be marketed across several platforms and shared among trading circles to help readership.

Completed

dydx.vote + subgraph

The Grant will be used to build a dydx.vote webpage to display all proposals and provide a delegation page allowing delegators to chose active participants for delegation. The webpage will help market governance activity by providing a simpler interface. Work done also includes subgraph improvements to build the functionalities.

Completed