Our research aims to develop the Grant Maturity Index (GMI), a framework to evaluate and compare the maturity of Web3 grant programs. The GMI will serve as a tool for Web3 grant operators to track and demonstrate their programs' impact to stakeholders.

Guiding Questions The GMI research is guided by two key questions:

1. What indicators sufficiently describe the structure of Web3 grant programs?

2. How are the outcomes of Web3 grant programs best described?

Why a Tool Like GMI is Essential The development of the GMI addresses the need for a systematic approach to evaluate and improve Web3 grant programs. Key benefits include:

• Transparency: Providing a clear framework for evaluation enhances the transparency of fund allocation and utilization.

• Accountability: Highlighting areas of success and identifying opportunities for improvement.

• Efficiency: Standardized metrics streamline grant management processes, reducing inefficiencies.

• Benchmarking: Enabling comparisons across different grant programs to identify and adopt best practices.

• Stakeholder Engagement: Facilitating communication with stakeholders by providing a clear picture of grant program performance and impact.

Practical Applications and Future Impact The GMI is designed not just as a research project but as a practical tool to bring clarity and structure to Web3 grants. By validating different indicators and use cases through ongoing research, the GMI ensures that it remains relevant and comprehensive. Our initial focus on Layer 2 solutions within the DeFi ecosystem sets the stage for broader applicability, ultimately benefiting the entire Web3 community.

This project, inspired the World Bank Group’s GTMI, introduces an exploratory weighted composite index constructed using mixed methods. It aims to fill a critical gap by establishing a baseline and benchmark for Web3 grant program maturity and identifying areas for improvement. The GMI will help grant programs show their impact, serving as a reputation tool for token holders, donors, and the community.

Our research aims to develop the Grant Maturity Index (GMI), a framework to evaluate and compare the maturity of Web3 grant programs. The GMI will serve as a tool for Web3 grant operators to track and demonstrate their programs' impact to stakeholders.

Guiding Questions The GMI research is guided by two key questions:

1. What indicators sufficiently describe the structure of Web3 grant programs?

2. How are the outcomes of Web3 grant programs best described?

Why a Tool Like GMI is Essential The development of the GMI addresses the need for a systematic approach to evaluate and improve Web3 grant programs. Key benefits include:

• Transparency: Providing a clear framework for evaluation enhances the transparency of fund allocation and utilization.

• Accountability: Highlighting areas of success and identifying opportunities for improvement.

• Efficiency: Standardized metrics streamline grant management processes, reducing inefficiencies.

• Benchmarking: Enabling comparisons across different grant programs to identify and adopt best practices.

• Stakeholder Engagement: Facilitating communication with stakeholders by providing a clear picture of grant program performance and impact.

Practical Applications and Future Impact The GMI is designed not just as a research project but as a practical tool to bring clarity and structure to Web3 grants. By validating different indicators and use cases through ongoing research, the GMI ensures that it remains relevant and comprehensive. Our initial focus on Layer 2 solutions within the DeFi ecosystem sets the stage for broader applicability, ultimately benefiting the entire Web3 community.

This project, inspired the World Bank Group’s GTMI, introduces an exploratory weighted composite index constructed using mixed methods. It aims to fill a critical gap by establishing a baseline and benchmark for Web3 grant program maturity and identifying areas for improvement. The GMI will help grant programs show their impact, serving as a reputation tool for token holders, donors, and the community.