KEY TAKEAWAYS
- The Sui Foundation has launched an RFP program to advance the DeepBook protocol, aiming to enhance its utility for the Sui community.
- DeepBook serves as Sui’s first native liquidity layer, providing a decentralized central limit order book for DeFi on Sui.
- The RFP program offers targeted grant funding to accelerate growth and address specific challenges within the Sui ecosystem.
- Developers and community members are invited to submit proposals by December 31, 2024, to contribute to the ecosystem’s evolution.
The Sui Foundation has announced the launch of a Request for Proposals (RFP) program aimed at advancing the DeepBook protocol. This initiative seeks to fund new projects that enhance the protocol’s utility for the Sui community. By directly supporting projects aligned with the needs of Sui’s ecosystem, the RFP process aims to foster impactful development and community collaboration.
DeepBook, introduced in 2023, serves as Sui’s first native liquidity layer. It operates as a public good, providing a decentralized central limit order book that supports both market and limit orders for decentralized finance (DeFi) on Sui. The RFP program is designed to accelerate growth within the Sui ecosystem by offering targeted grant funding to address specific challenges and gaps.
Structured RFP Process for Transparency
The DeepBook RFP program follows a structured process to ensure transparency and efficiency. Builders and teams are invited to submit their proposals during a defined application window, with the deadline set for December 31, 2024. Proposals should directly address the goals outlined in the RFP.
Following submission, proposals will undergo a review period where they will be assessed for alignment with RFP requirements and overall feasibility. A dedicated RFP committee will shortlist candidates and vote on the final proposals to receive funding. Selected builders and teams will then undergo an identity verification process to maintain accountability.
Once selected, a grant agreement outlining the project’s milestones, deliverables, and timeline must be signed. This agreement allows builders to commence development on their projects.
Opportunities for Developers and Community Members
The Sui Foundation is calling on skilled builders, passionate community members, and creative thinkers to participate in shaping the future of the Sui ecosystem. The DeepBook RFP is now live, offering a range of opportunities for developers to contribute to the ecosystem’s evolution. Interested parties are encouraged to visit the application page to explore the possibilities.
This initiative represents a significant opportunity for both seasoned developers and newcomers to bring fresh perspectives and innovations to the Sui ecosystem.
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