Congrats on your acceptance to the 2022 BUIDL Accelerator by Women Build Web3 x Encode! Whether you’re a new builder or a seasoned veteran, you’re embarking on a journey with your peers to make the web more open and decentralized.
By now, you should have received an email to fill out the grant overview form. If you have not, please do so and provide a brief summary of your needs. This information has helped us at WBW3 scope our budget and get a better sense of each project’s maturity.
The following guide goes over our grant process. Kindly read through the doc and follow up with any comments or questions in the Encode Club Discord server.
The accelerator aims to provide no-strings-attached grants ranging from $5k to $30k that will be distributed to teams on the condition that they meet their self-defined milestones. To finalize your team’s grant amount, your team must submit a grant proposal that describes the team’s monthly technical milestones and budget needs for the duration of the accelerator (11 weeks) in detail.
Milestones are used to define a significant point that measures a project’s progress towards its ultimate goal and highlights successful completion of events and tasks so far. Your milestones must be technical and include time estimates and measurable results. Your proposal will be judged on impact and feasibility. Here is a good example -
WBW3 has provided a proposal template here which your team can use to submit a proposal through GitHub. Once your team submits a grant proposal to that repo, WBW3 will review it and either approve or request changes within 1-2 days.
Once your team’s grant proposal is approved, WBW3 will follow up with your team to get your team's ETH address that will be used to distribute funds on a per month basis. We recommend teams to create and use multisig wallets on the Ethereum network using Gnosis Safes, but this decision is entirely up to your team. Once WBW3 sends funds to your team’s designated ETH address, your team is fully responsible for dividing the funds among team members.
Grants will be distributed upon completion of work at the end of every month. WBW3 will reach out to teams to schedule a 1:1 to briefly present their progress, raise any blockers, and confirm the payout details. While it is highly encouraged to attend workshops and mingle with teams, the only required sessions to receive funding are these monthly 1:1s with WBW3 and two events–VC Panel and Pitch Day.
Note that the funds will be distributed from WBW3 treasury, which is mostly comprised of stablecoins (USDC, DAI). In the case that a payment may include other tokens (e.g., ETH), we'll notify the team ahead of time.
To cultivate an inclusive and productive culture of learning, growth, and collaboration, please abide by the following rules.
- Treat everyone with respect. Absolutely no harassment, witch hunting, sexism, racism, or hate speech will be tolerated.
- No spam or self-promotion (server invites, advertisements, etc) without permission from a staff member. This includes DMing fellow members. If you've received unsolicited messages, flag it in the Encode Club Discord server.
- No age-restricted or obscene content. This includes text, images, or links featuring nudity, sex, hard violence, or other graphically disturbing content.
- No member should ever ask you for money or sensitive information. Never share your passwords, seed phrase, secret keys, etc with anyone. Don't click any suspicious links. If you're unsure, ask in the Encode Club Discord server.
- If you see something against the rules or something that makes you feel unsafe, raise it up in the Encode Club Discord server. We want to ensure that the accelerator is a welcoming space!
Any team found in violation of our community rules may result in disciplinary action, including termination from the program.