Kava Labs, the core developer of Kava, a collateralized loan and stablecoin platform for major crypto assets, this week announced $1,158,500 has been allocated to its grants program for Q1 2020.
Built on the Cosmos SDK, Kava’s mainnet launched back in November 2019.
Grants will provide funding for: research & education, software development, and community initiatives. Oftentimes, Kava will also put out Requests for Proposals (RFP) in each of these categories. In addition, Kava will have an open-ended application for any proposals that do not fit in these categories but still align with major goals of accelerating Kava’s adoption and long-term sustainability.
Funding Types
The grants come in the following models:
Service Agreements – Service agreements are used to fund well-defined short-term projects and are the ideal route for product development and engineering-focused projects that align with Kava’s goals. Companies that engage in service agreements will be vendors/consultants of Kava. The typical service agreement duration will last 3 months and funding will be dispersed as services are rendered.
Direct Grants – Grant awards are investments in people, companies, and projects that will positively impact the vision of Kava. Typically grants are ideal for research and development, infrastructure projects, and other not-for-profit initiatives that will benefit the whole Kava ecosystem. Various important research, development, and community programs will require grant funding in advance of work done. An in-depth application and proposal are required for these projects and the review process will be more thorough considering various risk factors and ensuring goals and milestones are clearly defined prior to funding.
Investments – Investments are specifically for businesses that help advance the growth of the Kava platform. In return, the company will allocate its equity or tokens.
“As a core developer of Kava, we believe Kava Labs’ primary role is to facilitate the development of the platform and allocate resources into entities, projects, and initiatives that will help accelerate Kava’s adoption and encourage its long-term sustainability. Kava Grants will be one of the primary tools going forward to support key contributors to Kava’s mission.”
– The Kava Labs Team
Those interested can email [email protected] or visit the Kava grant application.
