The Optimism Grants Council was initiated in Governance Season 3. The Grants Council serves by delegation from Token House. The Grants Council exists to:

• create a more streamlined and consistent process for proposers
• set a pace for grant distributions
• define a clear scope, with clear differentiation from Partner Fund
• create accountability via smaller grant sizes and milestone-based distributions
• reduce the workload on delegates so that they have more time to weigh in on high impact votes, better positioning the grants process within the broader responsibilities of Token House governance

The Grants Council consists of two Sub-Committees: Builders and Growth Experiments. Each Sub-Committee has a mandate to fulfill a purpose of the Governance Fund charter.

The Builders Sub-Committee aims to maximize the number of developers building on Optimism. The Growth Experimentation Sub-Committee aims to maximize the number of users interacting with applications on Optimism.

The Grants Council will run for two Cycles in Season 3: Cycle 10 and Cycle 11. The Grants Council itself is an experiment in governance. At the end of Season 3, the Grants Council will be reviewed by Token House to determine if the Council is an improvement to the grants process that should be retained.