The EOS Network Foundation coordinates financial and non-financial support to encourage the growth and development of the EOS Network. We’re harnessing the power of decentralization to chart a coordinated future for the EOS Network as a force for positive global change.

1. Q4 REPORT
2021

2. OUR MISSION
The EOS Network Foundation's
mission is to enable developers,
businesses and individuals to build
on the EOS to further innovation.
The EOS Network Foundation (ENF)
provides support, funding and the
coordination of resources necessary
to make EOS a thriving ecosystem.
We’re harnessing the power of
decentralization to chart a
coordinated future for the EOS
Network as a force for positive global
change.
Through direct investments, sponsored working groups, Eden(s), and
Pomelo, the ENF is strategically taking a multi-pronged approach to allow
us to all work together as a unified EOS community to create positive sum
games that will lead to EOS maturing into the best-in-class blockchain
ecosystem that we’ve always expected it to become.
Since its launch, 1000+ jobs have been funded by the network both
directly and indirectly through the ENF.

3. GLOBAL IMPACT
Eden on EOS
When the ENF first launched, it was critical for it to deploy capital as
quickly and efficiently as possible within the EOS ecosystem to stop the
bleeding that had been occurring within the community from lack of
funding. As a new entity without any systems or manpower in place yet for
how to accept applications for investment or to vet new ideas or projects.
The ENF's first funding initiative was to deploy capital to the Eden on EOS
treasury to empower it to utilize its fractal governance system to determine
how the funding would best be allocated in a fair and democratic process
utilizing the EdenOS software built by Dan Larimer and his Clarionos
engineering team over the previous 8 months.
The ENF donated 259,000 EOS to the Eden on EOS treasury.
EdenOS
Upon the successful completion of its first election on October 9, the
Clarionos team received a grant totaling 100,000 EOS as a
reimbursement for the EdenOS software development and its continued
support by Dan Larimer and Clarionos.

4. GLOBAL IMPACT
Recognition Grants
Whereas Eden on EOS was an early initiative to nurture new ideas and
initiatives, there was also a need early on to support many of the proven
projects and businesses within the EOS ecosystem whose work deserved
to be recognized for their efforts in supporting EOS over the years despite
the lack of network-wide support
Shortly after the ENF launched and in lieu of a formal grant application
process, it was decided that supporting proven projects and businesses
with Recognition Grants could serve as an early signal that the ENF is
prioritizing, supporting, and empowering the EOS community.
The ENF's Board of Advisors came up with an objective set of criteria that
would allow them to make fast and efficient decisions on which projects
were to be recognized for these initial grants. To be considered, each
project or business needed to already be established and known by the
majority of the board. None of the Recognition Grant recipient projects
submitted an application, so each decision was made based on a project’s
reputation and its history of building on or working with EOS.
$3.5m was deployed across 35 projects and businesses selected for
Recognition Grants and each received a $100,000 grant for their past and
present contributions to EOS.

5. GLOBAL IMPACT
Working Groups
Five working group sponsorships totaling $1.3m were awarded in Q4 to
incentivize collaboration amongst the most trusted and experienced
developers within the EOSIO ecosystem to better understand its existing
weaknesses and to identify multiple potential solutions. For the first time
since genesis, we were able to bring the greatest minds together and
funded them to work together to consolidate knowledge, collaborate,
research, and innovate towards a unified vision to enable EOS to deliver on
its full potential.
Each working group is focused on providing R&D related to one aspect of
EOSIO. Their research will cover what exists for EOSIO, what other
ecosystems provide that’s similar, and determine any improvements and
additions that could be adopted for EOS. Based upon the research
completed, a recommendation will be made by the working groups to
indicate which items are the highest priority and provide a detailed plan on
how to execute on it, alongside budget and costing for the overall
recommended approaches.
Pomelo
The ENF donated $500,000 to the grant matching pool for the first season
of Pomelo. This capital was distributed across all 76 grant proposals made
using the quadratic formula to allow the EOS token holders themselves to
dictate how the public goods funding was to be allocated rather than the
ENF itself. The ENF will continue to focus on high level, high impact
initiatives while empowering the EOS community to also work
independently towards a unified vision.

6. Eden on EOS utilizes a unique governance process that leverages the
wisdom of the crowds to identify the best community representatives in a
manner that has as its goal the avoidance of devolving into party politics,
popularity contests, or incumbent advantage.
EdenOS is the “operating system” of this community and it governs how
community members are added and removed as well as how community
funds are allocated to representative members.
The first Eden On EOS election was held on October 9 using fractal
democracy to elect its leadership. The elected delegates collectively
receive 5% of the total treasury monthly, according to the delegate funds
disbursement schedule.
EDEN ON EOS
Eden Funded
Initiatives
EOS Support
Violet Garden
EOS Bees
User Onboarding
Head Chief
Chief Delegates
Delegates
4000 EOS
666 EOS
114 EOS
1
6
35
Number
of Delegates
Delegate Title Funding per Delegate
Monthly Budget from Eden Treasury

7. RECOGNITION GRANTS
The EOS Network Foundation recognized 35 established EOS projects and
granted to each of them $100,000 for their continuous efforts and
contributions towards the EOS public network.
Five waves of grants totaling $3.5m were awarded over a 10 week period to
established builders on EOS with strong work histories and reputations.
Recognition Grant Categories

8. Wallets
MyKey
Tooling
Jungle Testnet
Auditing
Sentnl
Recognition Grant Categories
Token Pocket
Anchor
Starteos Wallet
EOS MetaMask
Media
ByWire
NFT
Atomic Assets
DeFi
PIZZA
EOS Go
Slowmist EOS PowerUp
EOS Authority
Dashboard
EOS Studio
Finney
Bounty Blok
Gaming
Liquiid
Social
Emanate
Interoperability
LiquidApps
DefiBox
EOSDT
Vigor
DeFis Network
SOV
eCurve
NewDex
Organix
pNetwork
Prospectors
Crypto Dynasty
ChallengeDAC
EOS Micro Loan
Koreos
Aloha EOS Tools

9. EOS WORKING GROUPS
To guide the long term vision and technical roadmap for EOS, and to make
EOS better for the builders, the EOS Network Foundation funded five
Working Groups to incentivize collaboration amongst the most trusted and
experienced developers within the EOSIO ecosystem to write technical
papers, elaborate an execution plan, and/or deliver a technical product.
Working Groups Oversight
As an active member of two working groups (Wallet+ and API+) and
because of their unique experience working across multiple EOSIO chains
and many dApps, the Greymass team was selected to fulfill a project
management function that encompassed all of the working groups. For this
service, Greymass received $100,000 to act as an oversight and
coordinator for the Working Groups.
EVM+
EVM compatibility is essential to the potential of EOS, not just technically
but also from a business perspective. Ultimately, it is essential that we
welcome more Solidity developers and users to EOS, and an EVM on EOS
is an excellent bridge to do just that.
To achieve interoperability with other public chain ecosystems such as
Ethereum, the EVM+ working group was initiated with EOS Argentina as
the project lead with a mandate to develop an EOS EVM.
$200,000 in EOS was awarded to EOS Argentina for this project.

10. Core+
The goal of Core+ is to provide research and development that focuses on
the developer experience and better tooling, documentation, SDKs, and
libraries for simplifying and improving the developer experience on EOSIO.
The $250,000 Core+ working group contract was awarded to EOS
Amsterdam, EOS Dublin, EOS Barcelona, and Cryptolions.
Audit+
Slowmist and Sentnl were awarded $250,000 to provide an overall
framework for security analysis tooling and contract audits for EOS
applications.
Wallet+
As the first touch point into the EOS ecosystem, wallets serve as one of the
most crucial pieces in the user experience. Wallet+ is working with the
software to improve the integration of EOSIO into external applications.
Greymass was awarded $250,000 USD to lead the Wallet+ initiative.
API+
The API working group, composed of Greymass, EOS Nation and EOS Rio,
was awarded $250,000 in EOS to draft a plan to ensure EOSIO developers
have the APIs they need to deliver world class applications.
The goal of API+ is to make a thorough survey of the needs that
applications, users, and exchanges have, and to learn how to best improve
the API layer to deliver the services and information they require.

11. Pomelo is an open-source platform that will become a self-funded,
community-driven portal designed to fund EOS-based projects using a
quadratic funding mechanism. Quadratic Funding (QF), which was first
introduced by Vitalik Buterin and has been adopted by Gitcoin and clr.fund
on Ethereum, has proven to be the mathematically optimal way for funding
public goods in a democratic community where the number of contributors
matters more than the actual amount funded. Pomelo is the EOS
equivalent of Gitcoin for funding public goods within the EOS ecosystem.
At the core of quadratic funding is its matching pool, which is a pool of
money funded by the matching partners like the ENF. Matching partners
are companies, individuals or even protocols supporting public goods
projects. The funds collected in the matching pool are then used to
magnify individual donations to grant proposals by using the quadratic
funding formula where the amount received by the project is proportional
to the square of the sum of the square roots of contributions received.
POMELO
Pomelo First Round of Funding
1022 Unique
Contributors
78 Approved
Grants
$500,000
Matching Pool Total
$134,000
Donations Raised
$22.99
Average Donation
$4.43
Median Donation

12. Number of Grants based on Categories
Amount raised based on Categories (USD)
Infrastucture
Ecosystem Growth
Community
DeFi
Privacy
Developer Tooling
Governance
Art & Media
Education
$55,023
$28,706
$12,592
$9,327
$4,608
$9,580
$4,709
$3,543
$6,445
Infrastucture
Privacy
Defi
Developer
Tooling
Art &
Media
Community
Education
Ecosystem
Growth
Governance
40.9%
21.3%
9.3%
6.9%
3.4%
7.1%
3.5%
2.6%
4.8%

13. Contributors based on Region
East Asia
21%
Middle
East
6%
North
America
37.6%
Europe
24.1%
South
Asia
1%
Latin
America
4.8%
Oceania
5.5%
Amount raised based on Region (USD)
North America
East Asia
Latin America
Europe
Middle East
South Asia
Oceania
$37,965
$26,678
$5,977
$53,589
$5,282
$561
$4,483
28.2%
19.9%
4.4%
39.8%
3.9%
0.5%
3.3%

14. Working
Groups
Recognition
Grants
Eden On
EOS
Pomelo
Grants
Marketing &
Design
EdenOS
Payroll
ENF Grants
ENF Overall Spending
Professional
Services
FINANCE
89.0%
7.0%
2.2%
1.8%
$139,923
$7,014,200
$550,505
$176,389
18.5%
49.9%
18.1%
7.1%
6.4%
$449,000
$1,265,200
$500,000
$3,500,000
$1,300,000

15. WHAT'S AHEAD
ENF Ventures
EVM Product Suite
WG+ Blue Papers (Roadmaps)
Pomelo Season 2
Deploy EOS EVM
Mandel Consensus Upgrade
Yield+
Bridge+
Market+
Q1
Q2
Q2 + Q3
Q3
Q4
Eden 2.0 - DAO of DAOs