Open Grants

Open Grants offers a streamlined process for both funders and grantees. Funders can contribute either through one-time donations or by setting up streams, gradually releasing funds over time. Grantees, encompassing developers, designers, researchers, and writers, can create grants detailing project descriptions and funding goals. Once established, grant details are immutable, and funds are distributed either as one-off donations or through streams.

The platform operates through smart contracts on Ethereum, utilizing streams as vesting contracts to release funds gradually. Grantees create grants via the platform, with immutable details ensuring transparency and accountability. Funds are distributed based on grant specifications, providing ongoing support for Ethereum's ecosystem development.

One notable result of Open Grants was the streaming of hundreds of ETH to Ethereum 2.0 developers, showcasing the platform's efficacy in supporting critical Ethereum development efforts. This significant contribution underscores the platform's impact in fostering long-term support for Ethereum's advancement.