# SSV x Coindelta grant proposal \[Institutional Staking Service\]

**URL:** <https://forum.ssv.network/t/ssv-x-coindelta-grant-proposal-institutional-staking-service/925>\
**Category:** Grants\
**Created:** [February 9, 2023, 12:46pm UTC](https://forum.ssv.network/t/ssv-x-coindelta-grant-proposal-institutional-staking-service/925 "2023-02-09T12:46:56Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Jon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/jon/32/1164_2.png) [@Jon](https://forum.ssv.network/u/Jon)\
**Post date:** [February 9, 2023, 12:46pm UTC](https://forum.ssv.network/t/ssv-x-coindelta-grant-proposal-institutional-staking-service/925/1 "2023-02-09T12:46:57Z")

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We want to inform the community that the grant committee has approved the following grant request on **2023-01-28T22:00:00Z** :

[Coin Delta Institutional Staking Service](https://www.notion.so/ssvnetwork/CoinDelta-98c3ef1e502444a49c07b9723930e302?pvs=4)

**Total grant:** $100k

**Payment terms:** The grant will be paid in **70% SSV and 30% USDC** tokens based on a **90-day moving price average** as of the approval date, re-calculated for every milestone.

Thank you 🍀

—Grant Committee