[Notice] Public Announcement: D2I Program Evaluation Guideline

The Foundation is committed to fostering a vibrant and innovative DeFi ecosystem through the Dragon DeFi Initiative (D2I) program. As part of this commitment, we are sharing our Evaluation Guideline with the public. This document outlines the structured and comprehensive framework we have developed for assessing DApp applications within the D2I program.

Purpose of Public Disclosure
The primary purpose of making this Evaluation Guideline public is to ensure transparency and professionalism in our evaluation process. We believe it is essential for our community, applicants, and stakeholders to understand the criteria and standards against which DApps will be evaluated.

To further this commitment, the Grant Committee will be constituted of esteemed individuals from both inside and outside the foundation, each bringing specialized expertise in tokenomics and technical aspects of DeFi.

This diverse composition ensures a fair and balanced assessment process, free from internal biases and fully reflective of the broader DeFi landscape’s complexities and nuances. By sharing this guideline, we aim to foster trust and confidence in the D2I program’s integrity and fairness.

The following section below outlines the Evaluation Guideline as provided to our Grant Committee Members. This detailed framework is shared here for public insight into the rigorous and structured approach we are employing to assess DApp applications for the D2I program.

Evaluation Guideline for Grant Committee Members

Greetings to all Grant Committee Members
As we embark on the critical task of evaluating applications for the D2I program, the foundation would like to express our gratitude for your commitment and expertise in this role. Your insights and judgments will play a foundational part in shaping the future of the DeFi ecosystem of the merged chain.

Structure and Purpose of the Evaluation Guideline
The Evaluation guideline is designed to provide a structured and comprehensive framework for assessing the potential of each DApp. It encompasses various critical dimensions, from alignment with the D2I vision to technical safety and innovation. Each criterion is accompanied by a rating scale and specific considerations to guide your evaluation, ensuring a thorough and nuanced analysis of each application.

Instructions for Evaluation

  • Objective Assessment: Please approach each application with an objective lens, focusing on the evidence and merits presented.
  • Rating Scale: Utilize the 1-10 rating scale to quantify your assessment, with 1 indicating areas that need significant improvement and 10 representing excellence.
  • Detailed Considerations: Refer to the specific considerations under each criterion to guide your evaluation, ensuring that all relevant aspects are taken into account.
  • Comprehensive Review: We encourage you to consider each criterion in the context of the application as a whole, recognizing that excellence in one area may balance challenges in another.
  • Conflict of Interest: If you have any personal or professional connections to a DApp under review, or if there’s any situation that might lead to a perceived conflict of interest, it’s imperative to disclose this to the committee. In such cases, you will be recused from evaluating the specific DApp to ensure the integrity and fairness of the review process.

Commitment to Integrity and Objectivity
Your honesty and objectivity are the bedrock of this process. We trust in your expertise and impartiality to identify the most promising projects that will contribute to the DeFi ecosystem on the merged chain.

Your evaluations should reflect a balanced and fair assessment of each application’s potential, challenges, and alignment with the D2I goals. We are confident that your contributions will lead to insightful and fair assessments, ultimately guiding the selection of projects that will drive growth and innovation within the merged chain.


1. Alignment with D2I Vision and Foundation for Financial Infrastructure

  • Criteria
    • Does the DApp or team’s mission, objectives, and product design demonstrate a commitment to building an open financial infrastructure layer for the DeFi ecosystem?
    • Are they focused on creating a foundational platform that enables other DApps to seamlessly integrate and build upon, facilitating the development of a comprehensive ‘money lego’ ecosystem?
    • Is the business model designed to encourage collaboration and interoperability, thereby amplifying the ecosystem’s overall growth and innovation?
  • Rating Scale: 1-10
  • Specific Considerations
    • Clarity of vision alignment in the application
    • Demonstrates understanding of the ecosystem’s needs
    • Potential for the DApp to serve as a building block for other projects

2. Utilization of Klaytn Network’s Unique Features

  • Criteria
    • Assess the extent to which the DApp leverages the unique features and capabilities of the Klaytn Network, including integration with Kaikas.
    • Consider how the DApp enhances its service offering and user experience by utilizing these features, and whether it contributes added value to the Klaytn Network ecosystem through such integrations.
  • Rating Scale : 1-10
  • Specific Considerations
    • Evidence of strategic integration of Klaytn’s features to improve the DApp’s functionality and user experience.
    • The impact of these integrations on the DApp’s performance, scalability, and user adoption within the Klaytn ecosystem.
    • Future plans for deeper integration with Klaytn’s infrastructure and services, contributing to the network’s growth and the broader ecosystem’s development.

3. Value Accrual to KLAY

  • Criteria
    • Assess how the product’s structure and operations contribute to the value of KLAY, including mechanisms to increase staked or burned KLAY or to expand KLAY’s use cases.
  • Rating Scale: 1-10
  • Specific Considerations:
    • Specific mechanisms for value accrual to KLAY
    • Potential impact on KLAY’s utility and value

4. Understanding of DeFi in Emerging Ecosystems and Team Strength

  • Criteria
    • Does the team demonstrate a deep understanding of the unique challenges and opportunities of operating a product in an emerging DeFi ecosystem(e.g. Base, Manta, Mantle, Sui, and Aptos)?
    • Assess the experience and track record of co-founders and core team members in DeFi or related fields.
    • Evaluate their commitment to building on Klaytn.
  • Rating Scale: 1-10
  • Specific Considerations
    • Examples of strategic planning for emerging market conditions
    • Awareness of ecosystem-specific user needs and behaviors
    • Professional backgrounds and achievements
    • Previous contributions to the DeFi space or relevant industries
    • Demonstrated commitment to the Klaytn ecosystem

5. Application Quality and Milestone Feasibility

  • Criteria
    • Is the application well-structured, with comprehensive and logical breakdowns of information?
    • Are the proposed milestones and KPIs realistic, achievable, and well-aligned with the project’s long-term goals?
  • Rating Scale: 1-10
  • Specific Considerations:
    • Quality of written communication
    • Logical structuring of milestones and KPIs
    • Realism and achievability of goals within the set timelines

6. Tokenomics and Business Model

  • Criteria
    • Evaluate the robustness of the tokenomics and the overall business model.
    • Assess how well current trends are integrated(e.g. point system) and whether the model is sustainable and conducive to growth
  • Rating Scale: 1-10
  • Specific Considerations
    • Clarity and sustainability of the tokenomics model
    • Adaptation to and incorporation of current DeFi trends (e.g. Point System)
    • Long-term viability and growth potential of the business model
    • Novelty of the concept or technology within the DeFi space
    • Evidence of creative problem-solving or unique application of existing technologies

7. Technical Safety and Risk Management

  • Criteria
    • Evaluate the technical security of the DApp and its safeguards against potential vulnerabilities, especially in extreme market conditions.
  • Rating Scale: 1-10
  • Specific Considerations
    • Robustness of security measures within the structure (e.g. Liquidation Logic)
    • Contingency plans for black swan events and extreme market conditions

8. Community and Ecosystem Engagement

  • Criteria
    • Evaluate the team’s engagement with their community and the broader DeFi ecosystem.
  • Rating Scale: 1-10
  • Specific Considerations
    • Active communication channels and responsiveness to community feedback
    • Contributions to open-source projects, collaborations, or partnerships within the ecosystem
    • Initiatives for community building, education, and involvement in the project’s development

Note : Interview Process
In the final stages of the evaluation process, specifically during the last 2 to 3 days, DApps identified as potential nominees for the D2I program will be subject to a comprehensive interview process with the grant committee members.

This crucial step is designed to meticulously verify the eligibility of the teams for the D2I grant, ensuring that only the most qualified and promising projects are selected.

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