1inch Foundation Grant Program
The 1inch Foundation Grant Program fosters growth and expansion of the 1inch Network and incentivizes contributions through grants and resources
Grant categories
Share your ideas!
$3,000,000 in 1INCH tokens will be distributed to developer teams and individual developers under the 1inch Grant Program.
The process
Application submission
The Applicant willsubmit a complete applicationto the 1inch Foundation, including as many details as possible about the proposed idea and their background. (Please note that for regulatory reasons, 1inch Foundation grants are not available to the Cayman Islands public.)
Timeline for review: Within 2 weeks
Interview
If some application is selected, the 1inch Foundation will conduct 1-2 interviews to collect more information on the Applicant's background and the proposal.
Timeline: One interview per week
Evaluation of Grant Potential and Formal Grant Offer
The 1inch Foundation will determine if the Applicant’s proposal fits into one of the Grant Program categories (or vision for the network), and if so, what value can be assigned to the final product. A vesting schedule and timeline for product development reports will also be determined at this stage;If the 1inch Foundation determines that the proposal meets evaluation criteria, the 1inch Foundation will send the Applicant a Formal Grant Offer, including terms and conditions for grant distribution.
Timeline: Within 10 days of final interview
Onboarding
Once the Offer is accepted, the Applicant must complete the onboarding process. Once completed, the 1inch Foundation will provide access to resources and establish a communication schedule for reporting and development updates.
Timeline: Several days, pending Grantee’s time for document collection
Continued Performance Evaluation
The 1inch Foundation will periodically evaluate the success of the project, based on a predetermined schedule. With the uniqueness of every proposal, each evaluation will be specifically tailored to the project and include the following points of review:
- Progress of deliverables and milestone completion;
- Adequacy of provided resources and funds;
- Overall sustainability of the grantee’s project;
- Impact of the project on 1inch Network to date;
- Strategic impact of the project on 1inch Network in the near-to-mid-term future.
Timeline: Variable, TBD
