There is a high order bit in this vision that I want to focus on in this post. We have an important phase change coming up in Grants 2.0, which will allow the DAO to scale much faster.
Grants 1.0 was Gitcoin Holdings (or GitcoinDAO) fishing for you.
Grants 2.0 is GitcoinDAO teaching you to fish.
Grants 2.0 could allow us to exponentially scale Grants because were not the ones administering the QF rounds anymore. As we scale, it is important to decouple the resources the DAO spends from the impact it creates. Doing so enables more impact. Checkout this graph from Grants 2.0 is how we scale our impact 📈 to see what I mean:
What would have to be true to pull the world towards an outcome where QF enhances every income?
What would have to be true for GitcoinDAO’s matching partners to be ready to operate their own rounds?
What would have to be true from a technology, design, marketing, communications perspective?
What can we leverage about the behaviour of the matching partners now to be prepared to make them successful when Grants 2.0 launches?
Disclaimer: This post is for informative purposes only and is not financial advice. This post reflects my personal views, not a decision or commitment by Gitcoin governance. Forward-looking items in it are targets, not commitments. The information in these posts is subject to change as we continue learning. This post may contain estimates, may contain errors, and is provided on a best-effort basis. DYOR, do not make any financial decisions based on these posts.
How can Gitcoin enable Ecosystem Builders to build their ecosystem?
By enabling the Ecosystem Builders to enable their best Grant Owners to raise more $$$. How do they do that?
By enabling the contributors to give more $$$. How do they do that?
Disclaimer: This post is for informative purposes only and is not financial advice. This post reflects my personal views, not a decision or commitment by Gitcoin governance. Forward-looking items in it are targets, not commitments. The information in these posts is subject to change as we continue learning. This post may contain estimates, may contain errors, and is provided on a best-effort basis. DYOR, do not make any financial decisions based on these posts.
Awesome post - that graph is such a great visual representation as to why the move to Grants 2.0 is critically important.
I love the vision of a world where QF enhances every income. In my depiction of that vision, Gitcoin Grants is certainly a staple - and the vision also includes other manisfestations of QF like pay.party and probably many others we haven’t begun to think of.
From my Grants Ops perspective, I think the biggest thing is an ownership mindset.
Within our grants program today, we already see a wide spectrum of ecosystem rounds - we have some that seem to be super eager to fish for themselves and are coming up with innovations/structures on top of our platform that we couldn’t have imagined, and on the flip side, we have others whose behaviour suggests they want Gitcoin to do most of the fishing for them.
If we want partners to increasingly run their own rounds, we at Gitcoin should be making it clear to those potential round owners what a successful grants round looks like and how to run one themselves. We are gaining more evidence round-by-round on what works & what doesn’t, and while we’ve started on these efforts, we can certainly do a better job providing playbooks to partners.
You could also imagine a world in which, without Gitcoin in the loop, grants program leads across DAOs are sharing best practices & teaching one another how to run rounds.
I am excited for this future and can’t wait to see how Grants 2.0 begins to enable it
