88mph Foundation
Builders, lenders, and contributors
Contribute to 88mph v4
Learn how below
Foundation mission
The 88mph Foundation is committed to fostering a community that shares our vision of a more open, fair, and decentralized financial system. By focusing on these pillars, we aim to make significant contributions to the advancement and evolution of the DeFi ecosystem. Our ultimate goal is to enhance accessibility, efficiency, and transparency within the financial industry as a whole.
DeFi and Beyond
The foundation's goals extend beyond advancing DeFi. We support research, innovation, and education in DLT and its applications. Our focus is also on sustaining and growing the 88mph Protocol, enabling users to create programmable assets and generate yield. We support education, organize hackathons, and foster community. We operate as a nonprofit in line with our mission.
How to participate
You can engage by applying for grants, participating in governance, or joining our community.
We provide grants for projects, initiatives, resources, NFTs, and events that encourage and develop the Ethereum and 88mph ecosystem and empower the community. We offer grants ranging from $100 - $5k worth of $MPH and distribute blocks of funds as individuals and teams reach predetermined milestones.
👨🎨✍️🎈 Community grants
$100 - $2,000
Apply to help other community members by creating initiatives or resources (contents creation, NFTs, meetups, etc.).
Apply for community grantsGet funded
Please follow the steps below to apply for funding. Applications will be reviewed on a quarterly basis. The foundation reserves the right to consult MPH token holders. They have the opportunity to express their preferences on certain decisions, such as the awarding of grants to ecosystem contributors, via the voting platform accessible at vote.88mph.app
Create an Invoice on Request Network
Make Sure the Invoice is addressed to hello@88mph.foundation - 88mph Foundation and the currency is set on $MPH.
Create invoice How-toSubmit an Application
This form gives us the information we need to decide on your funding request.
Apply for a grantEcosystem Grants
Ecosystem grants aim at improving and developing 88mph, and more generally the DeFi ecosystem. They are for individuals or teams looking to develop tools, projects that could benefit from grants.
Criteria
The following criteria are considered
- How it relates to the ecosystem.
- How it may benefit and impact 88mph community and more broadly Ethereum community.
- The status and progress of the team’s MVP or previous projects (draft vs mainnet grade).
- The team and how likely they are to deliver.
- Project’s longevity and/or business viability, feasibility, competitiveness, etc.
- How the funds will be used and why they are needed.
These grants are quite flexible in how they are awarded with demonstrating benefit to the Ethereum and 88mph ecosystem being most important. Existing and completed projects are also eligible.
Funding Categories
We would like to suggest areas of research and interest. It’s by no means an exhaustive list. All applications are welcome, as long as your project contributes to the Ethereum and 88mph ecosystem or helps in some way.
Tools and Resources
We provide grants for solutions that enhance user participation in DeFi. This includes tools for understanding yield-bearing assets, protocols for managing associated assets, and interfaces for optimizing asset management strategies.
Developer Tools
We support grants for developer tools that contribute to the future of decentralized applications. This includes user-friendly tools for newcomers, solutions to address developer pain points, and integrations with other DApps or protocols to bootstrap yield-bearing markets.
Miscellaneous
We are open to funding individuals and teams driving technology development, working groups focused on DeFi research, and innovative ideas that have the potential to drive the next wave of DeFi adoption.
Community Grants
Community grants aim at encouraging and developing the Ethereum and 88mph community. Those grants will be received by users, content creators and projects supporting the community. Those users may have helped out users, contributed in a meaningful way to the community, created content, guides, NFTs, etc. Grants range from $100 to $2,000 to be paid in MPH.
Funding Categories
Content
We fund innovative content that informs the community about the latest developments in the ecosystem. This includes research on yield-bearing assets, educational materials, and insights into the current state of affairs.
Events
We sponsor builder-focused events that encourage long-term engagement with the DeFi ecosystem. These include hackathons, bootcamps, and conferences led by experienced teams, with access to intermediate-level developers and a duration of 2-5 days.
Governance Stewardship
We fund projects that improve user experiences in decentralized governance processes. This includes research, experiments, and applications/tools that enhance participation, discourse, and user experience in governance.
What is the 88mph protocol
The 88mph Protocol consists of secure and immutable open-source smart contracts that enable the creation of programmable assets, including yield-bearing and MPH tokens.
Use cases
These yield-bearing and MPH assets can be easily composed into other decentralized applications, allowing for innovative and versatile use cases. It enables users to generate yield without the need for trusted intermediaries or centralized entities. Acting as a noncustodial yield market, the protocol allows for the generation of fixed and variable yields through integration with trusted third-party lending protocols like Aave.com and Compound.finance.
Core values
The core principles driving the development of 88mph are open source, censorship resistance, permissionlessness, security, decentralization, and self-custody. By adhering to these principles, the protocol aims to make yield market creation, yield generation, and yield-bearing asset transfers through third-party applications more accessible, equitable, and secure for all users. It empowers individuals to participate in the decentralized finance ecosystem while maintaining control over their assets.