[Executable] SPP3 Marketplace RFP Award: Nomentum Labs (Grails)

https://discuss.ens.domains/t/spp3-marketplace-rfp-recommendation/22371

Abstract

The SPP3 Marketplace RFP committee recommends Nomentum Labs, operating Grails (grails.app), as the Marketplace RFP awardee. The total award is $500,000, the maximum authorized under [7.1] [Social] SPP3 Marketplace RFP, consisting of a $400,000 base award and up to $100,000 released on performance-based traction gates. This executable moves the full award in USDC to the MetaGov Stream Management Pod (stream.mg.wg.ens.eth), from which it is released to Nomentum Labs under the Award Notice, after KYC. The awardee joins the SPP3 cohort's reporting and oversight structure for a term co-terminating with the cohort in Q3 2027. Unreleased funds return to the treasury at term end.

Specification

The award moves to the MetaGov Stream Management Pod (stream.mg.wg.ens.eth, 0xB162Bf7A7fD64eF32b787719335d06B2780e31D1) in three USDC transfers, one per tranche of the payment structure:

1. $90,000 upfront: released to Nomentum Labs in $30,000 monthly installments over the first quarter, subject to KYC and the executed Award Notice.
2. $100,000 performance-gated: held in the pod across four $25,000 gates and released only on verified results. Q1 2027: attributed protocol revenue at or above the at-signing baseline, and at least 150 distinct wallets completing value-transferring actions in the quarter. Term end: revenue on pace for $1,000,000 a year, and at least 250 ETH of filtered secondary volume over the prior two quarters. The revenue baseline is Grails's attributed revenue over the 90 days before signing.
3. $310,000 as a stream: opened by MetaGov from the pod on committee verification of the ENSv2 readiness milestone (target Q4 2026, or sufficient progress at the committee's judgment), running to term end. The $25,000 wind-down escrow is funded from the award when the stream opens.

Release mechanics (installments, gates, stream open, wind-down escrow) are executed pod-side by the MetaGov stewards using the existing custody structures. Unreleased funds return to the treasury at term end.

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