What are LXDAO Grants?

Grant programs have gained a lot of traction recently, with protocols such as Uniswap, Compound, and AAVE all recently launching their own protocols to create an effective way to fund protocol development. The grants awarded by these committees will vary, but the overall goal is to enable contributors to make contributions.

Where does LXDAO Grants funding come from?

• Benefits generated by the funded projects
• Treasury revenue
• Revenue from other partners

How Grants are allocated at this stage?

1. at this stage, we mainly allocate in the way of LXP
2. If your request is approved, will fund 50% of your request up front, and 50% after 4 weeks, providing you a record Key result for your project.

How the proceeds from funded projects are distributed to LXDAO?

In accordance with the revenue sharing ratio mentioned in the adopted proposal.

What is “LXP” and how did it come about?

Community points record the value of your contribution to the whole DAO. In the development of the DAO, points are vital to motivating the whole DAO contributors.

At this stage, 1 LX Points ≈ 1 USDC. Later, will be converted to tokens at a reasonable valuation.

If you want to know more about the points and incentive system.👉https://forum.lxdao.io/t/lxdao-contribution-and-incentive-system/111

At this stage, LXP comes from:

1. LXDAO treasury
2. LXDAO‘s project revenue