New RFP Grant Program Funds DeepBook Development

The Sui Foundation is launching a Request for Proposals (RFP) program for the DeepBook protocol, funding new projects that advance the protocol and make it more useful to the Sui community. This RFP process will drive impactful development and community collaboration by directly funding projects that align with the needs of Sui’s ecosystem and the DeepBook protocol.

DeepBook launched in 2023 as Sui's first native liquidity layer. Run as a public good, DeepBook serves DeFi on Sui by providing a decentralized central limit order book supporting both market and limit orders.

The RFP program plays a pivotal role in providing the tools needed for accelerated growth within the Sui ecosystem. Each RFP clearly defines a specific area of focus, encouraging developers to propose solutions that address these specific challenges and build them if funded. This approach enables more focused and effective development towards key gaps within the ecosystem through targeted grant funding.

The path to project funding

To ensure transparency and a smooth process, the DeepBook RFP program follows a clear and structured path:

• Application submission: Builders and teams can submit their proposals. Each RFP has a defined application window, and we encourage participants to only submit proposals that directly address the goals outlined in the RFP. The deadline for applications is December 31, 2024.
• Review period: After submission, each proposal will be reviewed and assessed based on their alignment with RFP requirements and the project’s overall feasibility. A dedicated RFP committee will then shortlist candidates and vote on the final proposals to be awarded funding.
• Identity verification: To maintain transparency and accountability, selected builders and teams will undergo an identity verification process.
• Grant agreement: Once selected, a grant agreement that outlines the project’s milestones, deliverables, and timeline must be signed. With the agreement in place, the builders can begin developing their project.

DeepBook RFP is live

Calling on all skilled builders, passionate community members, and creative thinkers to join us in shaping the future of Sui. The DeepBook RFP is now live, offering a range of opportunities for developers to contribute to the ecosystem’s evolution. From seasoned builders to people bringing a fresh perspective, we encourage everyone to visit the application page and explore the possibilities.

Join us on this journey and help create the next wave of innovation within the Sui ecosystem. Start building today!