TLDR Research Fellowships

About the Fellows Program

The fellows program is for engineers, academics and students who want to shape the future of decentralized finance. They bring their various professional experiences and skills into the DeFi Ecosystem. As a Fellow, you’ll immerse yourself in the world of DeFi while crafting your own unique journey.

Applications are now closed. For information on the next cohort, join our mailing list.

How It Works

HYBRID FORMAT
The fellowship begins remotely in the fall, with a kickoff call with your mentor. Throughout the year, we will host events around upcoming research conferences.
FELLOWSHIP KICKOFF
During the first month, you will have a kick off call with your mentor, where you will set the frequency of your meetings and how you will use your time. By the end of this month you should have a clear plan to work towards for the duration of your Fellowship.
DELIVERABLES
Deliverables at the end of the program: Either a paper or open github repo if work is ongoing, a talk at the Inaugural TLDR Conference in May 2024, a blog post that explains your work.

Meet Our Fellows

After reviewing 107 applicants, 10 outstanding researchers were selected for the first round of TLDR fellowships.

Mohammadreza Ahmadnejadsaein

Governance decentralization game theory
Cornell University
Ghada Almashaqbeh - TLDR Fellow

Ghada Almashaqbeh

pricing state growth
University of Connecticut

Andrés Fábrega

Governance decentralization game theory
Cornell University

Yotam Gafni

improved mev auctions
Technion - Israel Institute of Technology

Ruizhe Jia

block bidding ecomonics on mev-boost
Columbia University

Lily Johnson

implementation of defi mechanisms
Independent Security Researcher

krane

implementation of defi mechanisms
Independent Researcher

Kaihua Qin

implementation of defi mechanisms
Imperial College London

Itamar Reif

zk fee mechanism design
Astria

Burak Öz

block bidding ecomonics on mev-boost
Technical University of Munich

Meet The Mentors

Selected for their expertise and contributions in the field, our three mentors are at the forefront of driving innovation alongside our TLDR fellows.

Mallesh Pai

Flashbots, IC3
Market Microstructure for MEV, Blockchain Mechanism Design

Max Resnick

Special Mechanisms Group
CFMMs, MEV, Censorship Resistance

Thomas Thiery

Ethereum Foundation
MEV supply network, Censorship Resistance, Protocol Mechanism Design, CL and EL data

Meet the Research Council

Sarah Allen

Flashbots, IC3
Governance, DAOs, voting schemes, decentralized identity, all things MEV, and empirical studies and attacks for any of the above

Guillermo Angeris

Head of research at Bain Capital Crypto
optimization, cfmms, probability

Tarun Chitra

Gauntlet, Robot Ventures
Convex Optimization, CFMMs, MEV, Auctions, Spin Glasses

Theo Diamandis

PhD student at MIT and researcher at Bain Capital Crypto
Optimization, Convex Analysis, MEV, CFMMs

Matheus Venturyne Xavier Ferreira

Harvard Postdoctoral Fellow
AI, Algorithmic Economics and Security

Assimakis Kattis (Aki)

New York University
zero-knowledge proof design and development, distributed systems, consensus protocols and ZKP mechanism design

Ariah Klages-Mundt

Superluminal Labs
Design and analysis of DeFi mechanisms (including stablecoins, AMMs, oracles, governance systems), modeling economic security, modeling risk and contagion in DeFi protocols

Jason Milionis

Columbia University
decentralized mechanism design, game dynamics, auction design, algorithmic game theory

Raphaela Sapire

Uniswap Foundation
MEV + Oracle research implemented as hooks on Uniswap v4, Flashloan/sandwich auctions, Routers, Incentive Design

Danning Sui

Flashbots
MEV, DEX, Data Research

Request For Papers (Applications Closed)

Block Bidding Economics on MEV-boost

Open

This RFP addresses concerns about the centralization of block production on Ethereum, particularly by top builders who have proprietary information and competitive advantages. The RFP aims to understand the builders' bidding strategies, economics, and behavior patterns in the MEV supply chain. The research seeks to explore topics such as builder behavior, payment funnels, strategic bidding, merging algorithms, profitability, order flow, MEV redistribution, and the macro/systemic impact of block bidding. Applicants can choose specific angles of research or conduct a comprehensive study to increase decentralization and identify areas for improvement.

Governance Decentralization Game Theory

Open

This RFP focuses on the challenges and issues associated with decentralized governance structures, particularly in the context of DAOs. The RFP seeks proposals to address three main problems: the distribution of voting tokens, the lack of active participation in voting by a decentralized set of stakeholders, and incentive alignment between governance participants and the rest of the stakeholders or system participants. The objective is to conduct theoretical and/or empirical research to examine voting rules, token distributions, and game-theoretic mechanisms to provide actionable insights and guidance for the future operation of DAOs. The RFP emphasizes the need for formal theoretical studies as the primary scope of the proposals.

Improved MEV Auctions

Open

This RFP seeks proposals to address the limitations of current MEV auctions. It poses questions about the properties, assumptions, and security aspects of MEV auctions, aiming to bridge the gap between theory and practical implementation. The RFP emphasizes the need to ensure censorship resistance, incentive compatibility, and user preference enforcement in MEV auctions.

ZK Fee Mechanism Design

Open

This RFP seeks researchers to investigate and optimize fee structures for Zero-Knowledge Proof (ZKP)-based systems. The proposal calls for a combination of theoretical analysis and empirical research, aiming to design efficient fee mechanisms for ZK-Rollup architectures. The objective is to minimize transaction fees while maintaining high throughput and low latency. There are several key areas of investigation, including rollup semantics, ZKP cost versus batch size, transaction fee anatomy, ideal VC properties, and fee market mechanism design. The research should provide formal and empirical reasoning for optimizing transaction costs in different settings and propose improvements to existing fee market designs.

Pricing state growth

Open

This RFP seeks mechanisms to address the challenge of state growth in public blockchains. It calls for a pricing mechanism that accounts for cumulative resources like storage and offers design tradeoffs such as state rent versus expiry. The project should include empirical analysis of state growth in specific blockchains and simulated analysis of the proposed mechanism. The goal is to understand the impact of state growth on sync time and throughput and to improve blockchain performance. The RFP suggests exploring existing frameworks for multidimensional resource pricing as a starting point.

Implementation of DeFi Mechanisms

Open

This is an RFP focused on the implementation of various proposed DeFi mechanisms. This RFP has three primary goals: comparing practical performance to theoretical claims, identifying implementation details that affect performance, and addressing security issues during development. Despite the abundance of research on improving DeFi protocols, many proposals remain unimplemented due to various reasons. This RFP aims to bridge the gap by providing reference implementations of valuable mechanisms, even if they are not widely adopted due to technical complexity or economic considerations.

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Funding amount: $1,000 - $2,500

Title of Grant

Open

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Title of Grant

Open

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Title of Grant

Open

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Title of Grant

Open

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Title of Grant

Open

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Sponsored By
The Uniswap Foundation has committed up to $3,000,000 over the next 3 years to DeFi Research.