Balancer Grants SP was approved for Wave 13 / Q3 2024, aimed at supporting teams who are building on Balancer V3, our new improved architecture currently in development. V3 promises simplified integrations while continuing the flexibility of custom pool development to create whatever you can dream up in the AMM space. This wave will last until end of September 2024 and has a budget of 75k BAL to distribute to Balancer Grantees.
We have awarded 2 more grants this month, one being an extension to QuantAMM’s pool simulator and the second for a long term partner bringing their pools to v3. More on these below.
With hooks part of Balancer v3, the grants committee along with DAO contributors, are looking at how to best support builders exploring new use cases through hooks. We’re aiming to launch a competition with BAL prizes and access to Balancer devs to help foster the most creative implementations possible on this new architecture. More details to follow, but reach out if interested.
We have added to our RFPs but we will always be open to new and unique ideas of how to improve and expand on Balancer’s flexible tech.
Grant Achievements
After receiving 22 official applications, we have approved 2 grants for a total of 20,000 BAL.
New Grantees
- QuantAMM — Pool Simulator | Wave 13
Over the past year, QuantAMM has developed a Python-based AMM simulator with a TypeScript React/Redux front end. This simulator has advanced GPU-friendly G3M core functionality, not possible before a number of QuantAMM research breakthroughs, as well as specific functionality related to dynamic weight pools such as QuantAMM BTFs.
This grant is for the QuantAMM team to build an extension to their pool simulator to allow for functionality that will mean a wide range of Balancer v3 pools can utilize the simulator. This includes dynamic fee modeling, retail fee modeling, CowAMM and other known Balancer pool types. A range of functionality to be added has been proposed that could also enhance live pool analysis given the possibility of importing live pools to the analysis set. The code will be open sourced for additional teams that build on v3 to add their variations and additional future features if needed.
Finalized Grants
- Mode Accelerator Prizes | Wave 12
The mode accelerator has now closed and with no submissions for Balancer , this grant has finished and the funds back available to award to other teams building on v3.
Grantee Updates — Building
The program is proud to present our grantees and their updates in alphabetic order:
- Eridani — Dynamic Fee Research | Wave 12
This month, we completed the data conversion, including historical block-level token ratios and fees. We developed 15 fee algorithms, incorporated feedback from ex-traders, and improved our internal pool price calculations. We finalized our simulation tool and implemented Polygon and Arbitrum pools in it.
Next, we will focus on backtesting the algorithms and pools, optimizing fee parameters, and visualizing and analyzing the results
- Opal Finance | Wave 11
Mostly UI /UX improvements, including airdrop checker, new landing page, merging of commands to save gas fees and improve the on chain governance process, and upgrades of our Hypernative monitoring.
On partnerships, we strengthen our relationship with Usual, and canvassed new power users who already started depositing 100’s k$ in the Omnipools. Our focus is to get TVL back to launch levels.
Re: milestone of our grant, the main work going on is research and development to launch the first ever multichain Omnipool, however the development was paused to review Balancer v3 code base and identify areas for improvement of our current usage of the various AMMs.
Since the grant is dedicated to audit funding, we recently established contact with a new auditing tool that could suit our needs for the contract review of the multichain Omnipool.
- QuantAMM | Wave 12
Post the Balancer V3 code freeze, we are progressing to meet our first milestones of protocol translation in the coming weeks. We have been doing a sprint on our front end, including integrating Balancer v3 api calls, which is going well; we will start a feedback process with partners in the coming month.
Yet to be announced:
In addition to these, we have 1 grantee working on adding new functionality to the V3 codebase that will be shared once complete. You’ll have to wait until this feature is live before we can share more details. Stay tuned!
We have also recently approved a grant for an existing partner building on v3, more details to come soon. We keep building!
Grants Program Expenses
** with BAL @ $2.11 USD
About Balancer Grants
The BAL Grant program is one way Balancer DAO promotes the development of the Balancer Protocol and Ecosystem.
The BAL Grant program provides support and funding ($1K — $100K) to projects committed to supporting Balancer Protocol in achieving its mission to become the number one source for Decentralized exchange trades. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on the Balancer Protocol.
We have a community powered Tools Hub and RFPs but we will always be open to new and unique ideas of how to improve and expand on Balancer’s flexible tech.
If you have a good idea and are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, the Balancer Grants SP is here to make this reality with a variety of funding opportunities. Get started by filling in the Grants Application form. We also have an application guide for what we’re looking for in a grant submission here.
For further questions about how the Grants SP works, check out the grants page, follow us on X, or send an email to grants@balancer.community.