Vertex Grant Rules

Rules

• Sign agreement

• Good faith communication

Milestones

1

Strict deadlines

6 months total.

2

Advance notice for delays

2 weeks advance notice required for delays.

3

Adjustments

Any adjustments need approval.

4

Completion

Demonstrate completion and traction.

Communication

• Monthly reports

• Immediate notification of issues

Open Source

• Code must be open-source under one of the following licenses:

  • MIT

  • Apache 2.0

  • GPL

Fund Use

Allowed:

• Engineering

• Infrastructure

• Audits

• Marketing

Not allowed:

• Personal expenses

• Buybacks

• Speculation

Termination

Grounds

• Missed milestones

• Misuse of funds

• Abandonment

• Fraud

Process

1

Warning issued.

2

30-day remedy period.

3

Committee decision.