[Snapshot] WIP-3: Establishment of a Grants Program - Voted FOR
A capped $ 250,000 grant program, with a split between delegates approving and the Wormhole Foundation handling KYC and payouts, provides the ecosystem with a clear first step for supporting future initiatives that bring value to the Wormhole ecosystem.
Having said that, we think that it will be nice to clarify who is going to be responsible for the progress tracking of each “approved initiative”, from our experience, relying on delegates’ follow-up can be slower than a small, dedicated grants team.