[Amended Proposal]: GG24 Domains and Gitcoin Matching Pre-Ratification (Revision)
Summary
This amended proposal requests community approval for updated Domain allocations and Gitcoin matching fund commitments for GG24. While a vote on this matter was previously completed, subsequent changes in funding commitments and adjustments in domain structuring have made it necessary to re-submit for ratification via a new Snapshot vote.
The purpose of this re-vote is to ensure full transparency, maintain governance legitimacy, and align the approved allocations with current realities on funding, operations, and co-funding partnerships.
Changes from Original Vote: The original proposal approved $1,255,000 in Gitcoin matching. This amendment reduces the total to $1,175,000 (-$60,000) through: removing Web3 Popups domain (-$75,000), adding Privacy domain (+$100,000), reducing Interop (-$100,000), and increasing Targeted Development (+$15k)."
Updated Proposed Matching Fund Allocation
Ethereum Developer Tooling & Infrastructure
- Target: $600,000
- Third-party commits: $175,000
- Gitcoin Match Request: $425,000
- Target: $150,000
- Third-party commits: $50,000
- Gitcoin Match Request: $100,000
Interop Standard, Infra, and Analytics
- Target: $150,000
- Third-party commits: $50,000
- Gitcoin Match Request: $100,000
- Target: $332,500
- Third-party commits: $132,500
- Gitcoin Match Request: $200,000
Targeted Development and Adoption
- Target: $450,000
- Third-party commits: $175,000
- Gitcoin Match Request: $275,000
- Target: $125,000
- Third-party commits: $50,000
- Gitcoin Match Request: $75,000
Totals
- Anticipated Gitcoin Match: $1,175,000
- Anticipated Co-Funding: $632,500
- Co-Funding Percentage: 54%
Note: If a Domain fails to achieve at least 80% of its fundraising goal or faces serious operational challenges, the GG24 Matching Council (MathildaDV, Sov, Luuk) may reduce or withdraw Gitcoin’s Matching commitment.
Rationale for Amendment
- Changed Funding Landscape – Several external funding commitments got adjusted post-vote, necessitating updated Gitcoin match levels.
- Operational Adjustments – Certain domain operator responsibilities and partnerships shifted after the original proposal.
- Community Governance Integrity – As per governance agreements for gitcoin.eth, we are re-submitting for community approval.
- The push for Privacy - It was concluded that due to incomplete commitments, Outcome Based Funding for Web3 Popups will move from domain into participating in a domain as a project. The operations & funding for a Privacy domain became possible so the team decided it was worth it to push for this domain to go live in GG24.
Proposal for Community Vote
We request the community to vote on the following:
- Yes – Approve the amended matching fund allocations for GG24, totaling $1,175,000.
- No – Do not approve the amended allocations.
- Abstain
Looking forward.