--- tags: RLY DAO --- # :bomb: RLY Ecosystem DAO Reviewer Handbook ## About the Program :tada: Welcome RLY Reviewers to the RLY Ecosystem DAO where we as a community foster an organic, rich community-driven ecosystem of developers, creators, businesses, and service providers for the $RLY Network ecosystem. ## Become a RLY Reviewer Through our program, Reviewers receive access to distribute 20M $RLY in grants and analyze projects in the social token space. VCs, angels, founders and startup advisors join RLY Reviewers to continue honing their craft in analyzing great teams and deploying grants, with the ultimate goal of growing the RLY Network. [Apply] *Application timeline: Application opens May 2022* ## Meet your startup experts **[RLY Reviewers 2022](https://forum.rally.io/t/welcome-reviewers-to-rly-ecosystem-dao/1383)** **Jennifer Tran** https://twitter.com/JKim_Tran ``` Founding Member, Alchemist DAO, Involved in the community as a developer and Rally.io Grant recipient.``` **Nader Dabit** https://twitter.com/dabit3 ```Dev Rel, Edge and Node (The Graph), FWB, Developer DAO ``` **Stephen Chou** https://twitter.com/sschou12 ```Crypto Investments, Exploring Play-to-Earn games,Crypto Investments, Exploring Play-to-Earn games, Translink Capital (Investor in Forte)``` **Amin Iman** https://twitter.com/aminiman89 ```early adopter, technical background, community organizer``` **Mike Huang** https://twitter.com/MikeXHuang ```active analytical angel with access to blockchain dealflow, Competitive Axie Infinity player``` **Ishaan Haranandi** https://twitter.com/ishaan0x ```ability to assess projects, VC has access to project deal-flow``` **Idan Levin** https://twitter.com/levin_idan ```Involved in the RLY community, Investor @ Collider VC``` # Projects - How to Post a Funding Proposal [Read Here:](https://forum.rally.io/t/guide-how-to-submit-a-funding-proposal/1407) **$RLY Ecosystem DAO Summary and Purpose:** - Summary: A decentralized, autonomous organization run directly by $RLY token holders to govern and distribute a periodically refreshed budget for the benefit of the $RLY network. - Objectives: Foster an organic, rich community-driven ecosystem of developers, creators, businesses, and service providers for the $RLY Network ecosystem. - Business Model: Annual grants from the Association, with the first grant totalling 20M $RLY and $2M USDC. **Primary DAO Activities:** Funding projects, companies or individuals via grants to build on top of the $RLY Ecosystem, which includes: - Specific Projects: Build on $RLY, support existing projects for specific purposes, etc. - Community (Education): Get grants to build elements of the $RLY ecosystem that will help current and future members. - Product Launches: Applications of each launch must have prototyped a feature-full product. We would provide a ~$50K equity-free contribution based on specific milestones for your application. - Events and Hackathons: Sponsoring events and hackathons for people to learn about $RLY and build in the $RLY ecosystem. - Bounties: Funding $RLY ecosystem specific bounties. **What do we fund?** * DApps built on Ethereum * New consumer facing use-case experiments * Creation of new DAOs * Cryptonative experiments * Projects with Longevity * Community oriented * Tooling What do we not fund? - - **How much funding is usually available?** Proposed Thresholds for Grants Funding and Review: - Micro Grants - $1-$5,000 ($RLY Equivalent): 3/7 reviewers approved - Rapid Grants - $5k-$50k ($RLY Equivalent): 5/7 reviewers approved - Community Grants - $50k-$500K ($RLY Equivalent): initial application to a form, posting the proposal on governance forum, community vote to approve. **What is the process of getting funding?** - Post your idea on the forums to get initial feedback from other community members; tweet at us, message us etc. We usually chat and provide very quick feedback in regards to whether the project would be in the scope of funding. - We’ll usually reach out to jump on a video call with you and within 2-3 days within the call, you can expect either a strong yes signal of interest (90%+ which receive this get funding) or a response that it is not a fit. - Submit a proposal on-chain through the DAOHaus platform - If you get a strong yes signal from us, we’ll likely provide feedback and also have additional feedback for the project before we commit to a grant. ## How to Submit a Proposal ``` Title Description Manifesto/Vision Problem Solution Product Validation Progress Differentiation Team Grant Request $ Funds Help Additional Resources ``` ## Grant Distribution Process Step 1: RLY Reviewers Onboarded Step 2: Reference Forms for Projects to Review Step 3: Share analysis Step 4: Submit your review, grading and decision Step 5: Join weekly sync to discuss grading and decide grant amount Step 6: Announce decision Step 7: Project submits funding request onchain Step 8: Team releases grant funds Step 9: Engage on Project's grant announcement ## Reviewer Resources [Grant Applicantion](https://forum.rally.io/t/guide-how-to-submit-a-funding-proposal/1407/2) ## Community Resources Discourse [[LINK]](https://forum.rally.io/t/upcoming-proposal-rly-ecosystem-dao-structure/1300) Invite to Townhall Fridays 9AM ET