Thanks for putting up the proposal, happy to see the first co-creation project ready! I agree with the general need for a grants program and support the DeFi focus. The draft seems well-thought-out, indicates a good cooperation between foundation and the DAOs, and has a reasonable budget / time plan.
I especially concur with the section about continuous support, or as @danielo was pointing out, extend the part about non-financial support. Charmverse is a good grant application management tool as well.
Do I understand correctly, that the payouts will be milestone-based, and these will be agreed on during the application process? I do think that’s a good balance between proactive and retroactive rewards. As @Shinya_Mori mentioned, we should have a focus on following up with the grantees and measuring impact though.
As for the operational cost, the 200k (~ 10%) are allocated for the review committee, and the part covered by the foundation is not funded extra? The hours that go in there speak to a rather high review standard.