<h1>💸 Get awarded up to $10,000 in HXRO grants for building with Hxro Network</h1>
<p>Superteam now supports #ProofOfHxro Grants and recommends applicants with high community reputation scores for grants from Hxro Network. #ProofOfHxro grants are for any developer(s) building to either Hxro Network&rsquo;s Parimutuel Protocol or Dexterity Protocol. Hxro is a distributed liquidity layer, and the primary infrastructure platform for building derivatives trading and betting applications on Solana. Developers can integrate their applications using Hxro&rsquo;s easy-to-use Python and Typescript SDKs, which allow builders to focus on creating unique user experiences. Anyone with a proof-of-concept application connecting to core Hxro protocols is welcome to apply for the opportunity to be awarded a funding decision valued at up to $10,000 (paid in $esHXRO).</p>
<h2>Protocol Overview</h2>
<ul>
<li>Parimutuel Protocol
<ul>
<li>Hxro&rsquo;s Parimutuel Protocol provides builders with the comprehensive framework necessary to create customizable, peer-to-peer event markets. Parimutuel-style markets allow users to bet on any event where participants finish in a ranked order, paying out the pot to the winning side pro rata.</li>
</ul>
</li>
<li>Dexterity Protocol
<ul>
<li>Dexterity is a flexible, open-source collection of smart contracts that provide the exchange, risk, and settlement functions needed to launch and maintain any type of derivatives contract market.</li>
</ul>
</li>
</ul>
<p><strong>Note:&nbsp;</strong><em>We receive tens of applications every week, and may not have the time to give detailed feedback on every application. Please keep that in mind before you apply.</em></p>
<h2>🧠 Areas of focus for builders</h2>
<ol>
<li>Parimutuel-style markets</li>
<li>Leverage Hxro&rsquo;s Parimutuel Protocol to easily create new and novel markets for different types of events (Sports, in-person events, crypto, racing, etc.).</li>
<li>Create gamified experiences that allow users to interact with Hxro&rsquo;s Parimutuel Protocol.</li>
<li>Dexterity-powered dAPPs</li>
<li>Leverage Hxro&rsquo;s Dexterity SDKs to create the next generation of derivatives DEXes and trading applications</li>
</ol>
<h2>⚙️ How it works</h2>
<ol>
<li>Submit the #ProofOfHxro&nbsp;<a href="https://airtable.com/shrlRGUKNwFr48bmN" target="_blank">grant application form</a>.</li>
<li>If approved, you will receive an email notification (estimated response time may vary but is estimated to be within 72 hours of submission) with information regarding onboarding and next steps. After signing a Hxro grant program agreement and discussing self-described milestones for product completion, 25% of agreed upon funding will be sent in the form of $esHXRO to your SOL wallet.</li>
<li>Receive the remaining funding to your SOL wallet as you achieve your self-described project milestones.</li>
<li>Submit proof-of-concept work for feedback, review, and distribution!</li>
</ol>
<h2>🤝 Guidelines</h2>
<ol>
<li>Open-source: What makes decentralized applications so powerful is that they are built on the premise of being open and composable. Therefore, the #ProofOfHxro grant program will exclusively support builders that intend to open-source shortly after deploying on Solana&rsquo;s Mainnet Beta.</li>
<li>Build what the ecosystem needs: In addition to the application ideas listed&nbsp;<a href="https://docs.hxro.network/network-grant-program/overview/application-integration-ideas" target="_blank">on the Hxro Network Gitbook</a>, we often receive public feedback from Hxro community members (primarily via Twitter and Discord) on project ideas and recommended next steps for the ecosystem. Use this feedback to your advantage when building your product!</li>
</ol>
<h2>❓<strong>Frequently asked questions</strong></h2>
<ul>
<li>Who is eligible to apply for an Instagrant?
<ul>
<li>Any team or individual that builds a proof-of-concept application using Hxro Network SDKs for either the Parimutuel Protocol or Dexterity Protocol is eligible to be awarded a #ProofOfHxro Grant.</li>
</ul>
</li>
</ul>
<ul>
<li>How fast is "Instant"?
<ul>
<li>Grant requests will be evaluated on a case-by-case basis. The awarded grant amount will be contingent on the complexity and/or novelty of the proof-of-concept project and your vision for what it can become in the future.</li>
</ul>
</li>
</ul>
<ul>
<li>What criteria will the panelists use to evaluate grants?
<ul>
<li>Grant requests will be evaluated on a case-by-case basis. The awarded grant amount will be contingent on the complexity and/or novelty of the proof-of-concept project and your vision for what it can become in the future.</li>
</ul>
</li>
</ul>
<ul>
<li>What conditions apply?
<ul>
<li>Builders accepted to the #ProofOfHxro grant program are required to keep the Hxro community updated on a regular basis as your project progresses.</li>
</ul>
</li>
</ul>
<ul>
<li>What is the philosophy behind the Instagrants program?
<ul>
<li><strong>Proof of Work &gt; Credentials.</strong>&nbsp;Anyone is welcome to apply for Instagrants, given they have enough Proof of Work to make the review committee believe the work will get done.</li>
<li><strong>Speed &gt; Perfection</strong>. The goal is to give #ProofOfHxro grants rapidly, not perfectly.&nbsp;We trust&nbsp;ambitious builders to get work done!</li>
<li><strong>Believers &gt; Consensus.</strong>&nbsp;As long as a minimum quorum of the reviewing committee believes that the project is a good use of funds, a grant will be awarded.</li>
</ul>
</li>
</ul>
<p><em>Have a question about #ProofOfHxro that isn't answered above? DM @Thales | Hxro Labs | Lamport DAO#6027 on Discord for help, or join the&nbsp;</em><a href="https://discord.gg/hxrolabs" target="_blank"><em>Hxro Community Discord #Builder-chat</em></a><em>&nbsp;channel.</em></p>

Get awarded up to $10,000 in HXRO grants for building with Hxro Network

Hxro Network - #ProofOfHxro Instagrants