The Stacks Grants Program has grown immensely in the past 3 months, from supporting 19 grantees with $67k in funding, to 41 grantees with $383,311. As the Grants Program continues to grow, we recognize how important it is provide grantees with an application interface that is simple and easy to use. Over the last two quarters, we've invested in improving our backend operations, as well as enabling grant payments in STX tokens. Today, we're thrilled to debut the new Stacks Grants App, which streamlines grant payments and distribution (in both $STX and USD!). Here's the TL;DR:
- Monthly Cadence: Grants will be paid monthly, on the 1st of each month, instead of on an ongoing basis. (Review Committee meetings will still take place weekly on Tuesdays though.)
- STX Token Grants: Grantees can now opt for grant payments in STX tokens (but they should still be valued in USD). Currently, the value of the STX that grantees ultimately receive will be based on a 30-day closing average for the month prior on the day of disbursement. (This is an evolving policy and is subject to change based on what works best for grantees moving forward.)
- Automated Coordination: Grantees will no longer need to personally reach out to the Grants Team when they complete a document or milestone. The new app will completely automate that process.