How much is being granted to each individual application? Who decides on this?
Applications that pass through the initial review phase are sent to the Tezos Foundation’s Technical Advisory Committee (TAC), chaired by the President of Nomadic Labs Michel Mauny, for technical due diligence and evaluation. The list of current TAC members can be found in the “About Us” section. The TAC does not make grant decisions itself, but rather offers advice on an application’s technological strength and usefulness to the Tezos ecosystem. Applications that receive positive recommendations from the TAC complete a due diligence process before final decisions to approve, decline, or revise grant applications are made by the Tezos Foundation Council or the Tezos Foundation Executive Committee, depending on the amount of the grant. For more on this process, please visit our website.
STOs are cool and great, and make Tezos a good choice for institutions. But also highly regulated so not exactly open finance and innovation, what steps are being taken to enable a greater DeFi ecosystem around Tezos? When we can expect projects such as MakerDao, Compound etc in Tezos. Have TF been in talks with such projects or have TF already supported any project for the same?
As highlighted in a previous FAQ, Tezos is open and inclusive infrastructure for financial applications and a wide variety of other use cases, some of which likely have yet to be imagined. In addition to Tezos as a cryptocurrency (and programmable money), digital securities emerged as an initial strategic area of focus for the Foundation, but they by no means define our belief of what Tezos is. The Foundation and other community members continue to ramp up efforts to help grow the burgeoning DeFi ecosystem on Tezos. For example, we are excited about projects such as Dexter, tzBTC, QuipuSwap, and others that are in development and will launch on Tezos in the future. Lastly, we can’t wait to see what projects are submitted to the DeFi category as part of CoinList’s Tezos hackathon.