Mission Request Summary
S 6 Intent: 3
Grow application developers on the Superchain by supporting the development and deployment of open-source financial applications and payment infrastructure.
Proposer: PR 0 (discord notpr 0 )
Total Grant Amount: 400 k OP
Any amount of projects with up to 100 k per.
Background:
The concept of open finance is rooted in the foundational principles of cryptocurrencies like Bitcoin and Ethereum—decentralization, transparency, and permissionless access. Open finance aims to build a financial system that is inclusive, resilient, and free from the constraints of traditional financial institutions. It seeks to empower individuals by providing them with direct control over their financial assets and interactions.
Despite the significant growth of the crypto space, much of the activity remains speculative, with a focus on trading and investment rather than real-world utility. This speculative behavior has overshadowed the transformative potential of decentralized finance (DeFi) to create a more inclusive and efficient financial system. Open finance is about making crypto actually usable for everyday people, moving beyond speculation to practical applications that can improve lives.
Mission Summary:
The Open Finance Initiative aims to develop and promote completely open-source, consumer-focused financial tools and applications that align with the original ethos of cryptocurrencies. This mission focuses on creating innovative use cases and applications that have been live for less than 12 months, fostering a decentralized financial ecosystem that is transparent, permissionless, and resilient.
Goal:
To support the development and deployment of open-source financial applications and payment infrastructure, enhancing consumer access to decentralized finance (DeFi) within the Optimism Superchain.
Should this Mission be fulfilled by one or multiple applicants: Multiple
How will this Mission Request help accomplish the above Intent?
This mission will support Intent 3 by fostering a thriving developer ecosystem through the development and deployment of open-source financial applications. By funding new projects and engaging active developers, the initiative will bootstrap the supply side of the market, creating valuable, demand-generating applications on any OP Chain in the Superchain. This will help grow the number of active developers from 6 , 800 to the target of 9 , 500 , thereby driving network usage and adoption.
What is required to execute this Mission Request?
Development Teams: Applicants must have launched their application or tool within the last 12 months and demonstrate a commitment to open-source principles. The entire project, including any front end, must be fully open-source, novel, and payment-focused or direct consumer finance.
Documentation: Comprehensive and accessible documentation must be provided for all projects.
Budget Allocation: Up to 100 k OP per project, with a total of 400 k OP available.
Community Engagement: Funds can be used for marketing and user acquisition to ensure adoption and feedback.
Not in scope: Any project with any part that is not open source, MIT or fully open, or with any part that is in control by a single part which controls the project. As such any project where a token or a team have any control are not in scope. The team may deploy a front-end, run nodes/use the tools but these must be open source. Stablecoins, collateral based loans, forks for which > 25 % of code is used, projects controlled by DAOs with a token, derivs, dexs are not in scope. We want new use cases, novel.
Requirements for participating
Open Source Commitment: All projects must be completely open-source.
Project Age: Only applications and tools that have been live for less than 12 months are eligible. Also not yet launched but must be live before grant unlock.
Funding Cap: Maximum grant amount per project is 100 k OP.
Focus on Consumers: Projects must be consumer-focused, enhancing accessibility and usability of decentralized finance.
Disclosure: Applicants are expected to disclose their project’s details, development timeline, and milestones.
How should governance participants measure impact upon completion of this Mission?
Governance participants should measure impact based on the following:
Milestones:
Q 1 : Initial development and proof of concept for funded projects.
Q 2 : Detailed docs for tools as well as demo.
Q 3 : Deployment and integration within the Superchain ecosystem, growth of user base.
Q 4 : Full deployment, ongoing support, and evaluation of impact.
Metrics:
Number of active addresses interacting with grantee’s contracts
