The Sei Builders Round 1 on Gitcoin aims to retroactively support native builders who have significantly impacted the Sei ecosystem since the launch of Sei V2 (July 9, 2024). This funding round features two tracks: Consumer-Facing Contributions and Infrastructure & Tooling, prioritizing projects with measurable results to foster continued growth.
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Round Setup
Funding Amount
- Total Allocation: $750K in $SEI (priced via 3-day TWAP from CoinGecko at round close).
- Split: Equally divided between both tracks.
Timeline
- Applications Open: February 17th, 12 PM EST.
- Applications Close: February 26th, 12 PM EST.
- Voting Period: February 27th – March 12th (12 PM EST).
Eligibility Criteria
Sei Native Projects
- Must deploy tools, apps, or infrastructure natively on Sei Mainnet after July 9, 2024.
- Operational Requirement: Live on Sei for ≥30 days with verifiable activity (GitHub logs, API usage, etc.).
Builder Definition
- Teams/individuals with functional deployments (no ideation-stage projects).
- Infrastructure projects must enhance Sei’s functionality, interoperability, or user access.
Funding Tracks
1. Consumer-Facing Track
Impact Metrics:
- User growth (DAU/WAU/MAU).
- Transaction volume or smart contract interactions.
- TVL growth or trading volume.
- Cross-project integrations.
2. Infrastructure & Tooling Track
Impact Metrics:
- Adoption: Integrated into ≥3 Sei dApps.
- Developer Activity: ≥10 active developers (proof required).
- Efficiency Gains: E.g., 20% cost reduction or 15% throughput increase.
- Documentation: Publicly accessible guides for seamless adoption.
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Voting Mechanics
- Community-Driven: Funds allocated via Gitcoin donations.
- 10% Cap: No project receives >10% of a track’s total funds.
How to Participate
For Applicants
- Create a profile on Builder.
Apply via Gitcoin Grants Stack:
For Voters
- Review grantees on Gitcoin Explorer.
- Donate $SEI to chosen projects during the voting window.
FAQ
Q1: Can pre-launch projects apply?
A: No. Only live projects operational for ≥30 days are eligible.
Q2: How are funds matched?
A: Gitcoin pools community donations and matches them with the $750K fund.
Q3: What defines "measurable impact"?
A: Quantifiable metrics like user growth, developer activity, or efficiency improvements.
About Gitcoin
Gitcoin supports public goods funding, distributing $60M+ to projects in DeFi, climate, and open-source. Its tools include Grants Stack and Allo Protocol.
Disclaimer: This announcement is informational only. Conduct independent research before participating.