Incentivizing Innovation in the Polkadot EcosystemLearn more
Introducing the Polkadot Pioneers Prize
Got what it takes to be a Polkadot Pioneer? The Polkadot Pioneers Prize encourages talented people to solve some of the biggest challenges facing Polkadot and Web3 and win up to 993,286.08 DOT in prizes. In this historic first, prizes will be funded in a completely decentralized way via Polkadot’s on-chain Treasury.
Unlocking the power of Polkadot’s Treasury
The Polkadot Treasury is managed by the network’s token holders via Polkadot’s on-chain governance system. Currently containing more than 20 million DOT tokens, the Treasury is designed to fund projects that benefit the Polkadot ecosystem. The Polkadot Treasury represents a completely new paradigm, where decentralized networks have the financial agency previously limited to centralized organizations.
If you are interested in viewing the on-chain bounty proposal that brought the Pioneers Prize to life, you can view the proposal here.
How to get involved
Check the Bounty Categories
Visit the Pioneers Prize Notion page and search through the available Bounties.
Draft your proposal
Your proposal should address a problem, outline a goal, give a detailed account of how you will reach that goal, and include any ongoing maintenance needs. As much as possible, you should itemize the tasks to be completed so fees can be evaluated and milestones can be followed.
View the proposal template
Submit your proposal
Follow the submission steps and register your entry to the Bounty.
Once your proposal has been through an initial screening and feedback process, the team will be invited to a pitch call with the Curator.
If approved, the requested funds are earmarked/locked in the Bounty pool, and the Child Bounty is ready to be assigned to the Curator.
Child Bounty Creation & Claiming
Once the payment structure has been agreed and the Curator has been assigned to the newly created Child Bounty, the recipient can claim the Child Bounty.
Report back to the Community
Be sure to report back to the community in discussion forums on the progress your project makes, showing relevant deliverables, results, links to work done, and any success metrics if relevant. This is crucial for ensuring accountability and community alignment, particularly if you want to continue working with Treasury funds in the future.
A full list of Bounty categories can be found on the Pioneers Prize Notion page.
A full rundown of the innovative projects which have been funded from this Bounty can be found below:
Zero-knowledge cryptography is a groundbreaking new technology enabling privacy, interoperability, and scalability for Web 3.0 protocols and applications. Like the DARPA Grand Challenge, select teams will compete for monetary prizes spanning a range of categories. Over $7M in prize money has been committed, along with token grants from sponsoring projects.
All winning submissions will become open-source libraries for the benefit of all. We hope this foundation can support the next generation of decentralized protocols and applications to enable secure, interoperable, and scalable applications for the next-generation web.
Pioneers Prize Open Division Challenge
Accelerating elliptic curve operations and finite field arithmetic (WASM) focuses on maximizing throughput/minimizing latency of operations on client-type devices and blockchain-based VMs, specifically the WebAssembly (WASM) runtime.