xParametric
Decentralized market for trading and insuring against climate risks to increase awareness and engagement in climate action, with a 2024 public release planned.User Review
AI Review
A1
Reviewed on 14 Feb 2024 01:09 PM
Projects must be at least 3 months old. We use Twitter, web domain registration date, and other public info to determine this. Newer projects should establish themselves and submit to the next round.
The provided Twitter link and domain information indicate that the project is at least three months old.
The Grant must be **primarily focused on climate solutions** (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions. - Examples include: Renewable Energy, Oracles & DMRV, Supply Chain Analysis, Carbon Accounting, climate activists / collectives, Natural Systems CO2 Sequestration
The project description indicates it is focused on climate solutions by engaging with climate risk speculation or insurance, which is designed to enhance market participant's awareness and response to climate change.
Grantees who received funding in a previous round(s) **must provide a new update on their progress and impact.** You can also include the challenges you've faced. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing. - We encourage grantees to mint Hypercerts for the work and the impact they have accomplished. Priority review will be given to grantees who have minted a Hypercert.
There is no information provided about previous grant funding, updates on progress, or whether Hypercerts have been minted. Without additional data, it's unclear whether this criteria has been met.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
Without indication of the project's past involvement as a grantee, it's unclear if this is a returning grantee. If they are, there is no explicit mention of an updated proposal, lessons learned, or planned use of additional funding with specific timelines.
There is a general expectation that projects are within the **“realm of viability”**. - Even if a project is very early, it must still seem credible to the average person with an understanding of web3 technology and climate solutions. Including information about the team's expertise, qualifications and skills will help us review your grant. - Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The project addresses a current and genuine problem, using a model (prediction markets) that has been previously studied and implemented. However, without specific details on the team's expertise, qualifications, and skills, a thorough evaluation of credibility and intentionality is limited.
Grantees can be eliminated from consideration in the round if they are found to be encouraging or enabling Sybil attacks or other forms of malicious manipulation of the grants platform or the Gitcoin community.
No evidence or indication of malicious activities such as Sybil attacks related to this project has been provided.