teleo-codex/inbox/archive/2024-12-19-futardio-proposal-allocate-50000-drift-to-fund-the-drift-ai-agent-request-for.md

type	title	author	url	date	domain	format	status	tags	event_type
source	Futardio: Allocate 50,000 DRIFT to fund the Drift AI Agent request for grant?	futard.io	https://www.futard.io/proposal/A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm	2024-12-19	internet-finance	data	unprocessed	futardio metadao futarchy solana governance	proposal

Proposal Details

• Project: Drift
• Proposal: Allocate 50,000 DRIFT to fund the Drift AI Agent request for grant?
• Status: Passed
• Created: 2024-12-19
• URL: https://www.futard.io/proposal/A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm
• Description: This proposal requests to create a Drift AI Agents Grants program, a Decision Committee and to allocate 50,000 DRIFT towards the program and committee’s discretion.
• Categories: {'category': 'Dao'}, {'category': 'Governance'}
• Discussion: https://discord.gg/bgcyHvvcdD

Summary

🎯 Key Points

The proposal aims to establish a Drift AI Agents Grants program, allocate 50,000 DRIFT for funding, and create a Decision Committee to evaluate and award grants for AI agent development in the DeFi space.

📊 Impact Analysis

👥 Stakeholder Impact

The initiative will engage developers and teams interested in building innovative AI solutions within the Drift ecosystem.

📈 Upside Potential

Successful implementation could lead to increased user engagement and new product lines leveraging Drift's offerings.

📉 Risk Factors

Investing in this emerging sector may result in inefficient use of resources and unknown challenges associated with AI development.

Content

Drift AI Agents RFG

Abstract

This proposal requests to create a Drift AI Agents Grants program, a Decision Committee and to allocate 50,000 DRIFT towards the program and committee’s discretion.

Motivation

AI agents have recently attracted significant attention, capital, and talent. While their intersection with DeFi is still nascent, Drift believes in the sector’s potential and considers it an important area for investment.

The Drift AI Agents Request for Grants (RFG) aims to:

• Foster growth in the AI x DeFi sector.
• Encourage teams to build on Drift.
• Signal Drift’s focus on developing this emerging space.

Specifications

Qualifying Grants

What Is a DeFi Agent?
To differentiate a DeFi agent from a traditional bot or managed strategy, consider the following guidelines:

• Should operate with autonomy to manage assets.
• Should utilise multiple strategies or tools.
• Should exist off-chain but can interact on-chain.
• Should be able to communicate with, and execute objectives for, an agent manager.

Note: This is not a comprehensive definition. Drift welcomes all interpretations of what constitutes an “agent.”

Target Areas:

• Trading Agents: Integrating with Drift Perps to trade or execute position strategies on behalf of managers.
• Yield Agents: Managing capital through multiple yield opportunities available on Drift.
• Information Agents: Surfacing on-chain information or raising awareness about Drift.
• Social Agents: Build a cult following around Drift, be a reply guy or KOL, etc.

This list is not exhaustive. Any agent application relevant to Drift is encouraged.

Grant Amount
A total of up to 50,000 DRIFT is available in grants.

• Grant amounts may range from 10,000–20,000 DRIFT, depending on the proposal.
• Grants will be approved by the decision council and awarded upon milestone completion.

Application Process

1. Proposal:
   • Complete the application form: https://docs.google.com/forms/d/e/1FAIpQLSdmqXph2f6EGSkN_79oeaQLfxRkzUqXZl5dK4_S4UMqE_eIbw/viewform?usp=sf_link
   • If applicable, a Drift Ecosystem team member will reach out to help formalize the proposal.
2. Review:
   • The formalized proposal will be reviewed by the decision council.

Timeline

• Applications are open upon approval of the RFG.
• Applications are open until March 1st, 2025.
• Applications may be approved and grants awarded on a rolling basis.
• Proposals will be reviewed and grantees notified by the decision council.
• The deadline for approval is March 1st, Any unused grants will be returned to the foundation.
• Deployment of grants will happen within 2 weeks of approval. Deployment may be dependent on KYC for regulatory compliance. Reach out if you have questions on this.

Decision Council
All grant decisions are at the discretion of the decision council and any such decisions made by the decision council are final.

Questions For inquiries about the request for grants or the application process, contact @ airtightsquid on Telegram.

Benefits / Risks

Benefits

• Additional users for DRIFT product suite
• Additional product lines leveraging DRIFT product suite
• Engaging community to drive utility of DRIFT within AI agents
• Supporting nascent industry

Risks

• Emerging sector carries unknowns
• Inefficient use of DRIFT
• Teams time that could be used in other ways

Outcome

From this proposal passing success would be the creation of the committee, publishing of the RFG, evaluating applicants and the awarding of up to 50k DRIFT tokens to eligible grantees.

Cost Summary

This comes at a cost of 50k DRIFT tokens to the foundation.

Raw Data

• Proposal account: A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm
• Proposal number: 5
• DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx
• Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
• Autocrat version: 0.3
• Completed: 2024-12-22
• Ended: 2024-12-22