- Propose a project
- Review By Core Team
- Receive Funding as Ecosystem Project
- Review By Climate Council
- Receive Additional Funding in Spirals Collection
Stage 1 - Propose A Project
Eventually, this will happen through a governance proposal. For now, please fill out this form. Projects should include as much information as they can about their approach to impact and what the funds will be used for. This helps to provide a clear picture of the mission and vision of the project, and convey the story behind the work being done.Stage 2 - Initial Project Review
After creating a proposal, projects enter the review queue where community can help in researching the impact potential. We recommended joining our Discord Community to tell people about why your project should be approved and receive feedback. For now, the core team at Spirals does a first pass at reviewing projects. In the future, the community will be able to contribute to the review process.Stage 3 - Projects Receive Funding
Once a project is approved by the core team, it is listed on the Spirals dApp and can start receiving yield from stakers. Projects in this stage do not earn funding from the Collection but receive the yield from stakers directly selecting their project. Impact Funds will be released to these projects in batches. Projects are expected to provide regular updates and verification to continue being listed and receiving funding.Stage 4 - Climate Council Review
The Climate Council is a multi-disciplinary committee of experts that collectively hold a comprehensive understanding of the climate crisis. The Council is responsible for vetting and selecting the most promising climate impact projects to receive funding from the Spirals Collection.Potential projects will be assessed based on multiple factors.
Potential projects will be assessed based on multiple factors.
- What is the impact this project is making?
- Does the amount of capital available align with the funding the project needs to succeed?
- What are the co-benefits of this project?
- What are potential negative externalities associated with this project?
- Does the team behind this project have the expertise to accomplish said goals?
- How will the impact of this project be verified?
- Is this project managing a symptom of climate change, or addressing a cause?
- Is there a clear methodology that this project is using?
- Is this project tokenized?