Last week, we launched three hackathons, and workstreams submitted their budget requests for S16. This week, the crypto community reacted to the implosion of FTX, and its effects on the market.
This week, the crypto exchange FTX shut down. The event sent shockwaves through crypto markets and communities, with some comparing the implosion of FTX to Mt. Gox and other cataclysmic events in crypto history. Crypto prices across the board plummeted on the news.
From Twitter, we asked, âWhat are your biggest takeaways from this? What lessons should we never forget?â
Some responses:
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âSelf-sovereignty is still the best choice. Own your keys, own your crypto.Own your identity, own your data.â â @humptycalderon
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âdecentralize yourself / decentralize your data / capture, collapse, rugging are inevitable / unless you are decentralizedâ â @epowell101
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âsystemic anti fragility > systemic fragility / you can cast the dice 1,000 times and the outcome is the sameâ â @owocki
In This Issue of the Digest
- DAO Happenings This Week
- New Posts in the Governance Forum
- This Weekâs GreenPill Episodes
- New and Active Governance Proposals â None this week.
- Upcoming Events
- Opportunities for Builders
DAO Happenings This Week
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The application portal for Fantomâs Alpha Round opened last Friday! Fantom is using Gitcoinâs grants protocol to run an initial round allocating 125,000 FTM to projects building within the Fantom ecosystem. Read our announcement on the Gitcoin blog, and then check out Fantomâs post for additional details!
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The Open Data Science Hackathon is hosting a Twitter Space next Tuesday to announce hackathon winners and results! Thatâs Tuesday, 11/15, at 10 AM ET. Schedule a reminder here.
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Listen to last weekâs Gitcoin x Lukso Hackathon Twitter Space. Gloria spoke with @lukso_io and their 1st place hackathon winner @lookso_io on a retro of the hackathon. Check to the recording here.
From the Governance Forum
These are the top three posts from this week in the Gitcoin Governance forum. See the latest here.
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[Discussion & Feedback Request] Grants Protocol Alpha Round Eligibility by Connor
Gitcoin governance has approved the decision to sunset cGrants and transition to the Grants Protocol with this Snapshot proposal. Instead of running GR16 in December, we will run an âAlpha Roundâ on the protocol in January, with the goal of testing the Grants Protocols product while supporting established grantees. The Alpha Round will consist of 3 separate matching pools: Open Source Software, Ethereum Infrastructure, and Climate Solutions. These rounds will be open to a subset of existing grantees with a goal to support about 300 projects in total. -
From Gitcoin Driven to Community Driven by Disruption Joe
Joe writes that, while Gitcoin has defined both its 100-year purpose and essential intents, it still lacks a âholistic product vision & strategy to guide the entirety of the DAO through the transition to the grants protocolâ. Joe offers definitions of Gitcoin terms, current strategy, and future strategy. The future strategy is based upon a four-quadrant model Joe has named âGitcoinâs 4 Quadrants of Successâ(see below). The main idea is that Gitcoin programs and protocols should drive the creation of community programs and projects. Joe seeks to conduct a strategy session to create a SWOT analysis that will guide leadership in making strategic decisions.
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Is Gitcoin over its skis? should we hold spending flat while addressing unavoidable risks? by epowell101
As a Gitcoin Steward, Evan asks, âShould we derisk and hold workstream spending flat for S16?â. He cites the following factors: we have not proven product market fit for the protocols; we have not proven our ability to deliver on time, on quality, the protocol software; we are not âDevRelingâ successfully quite yet; macro uncertainty. He applauds MMMâs planned work on persona funnels for S16, Grants Ops working with GPC to hire Dev Rel help, and the plan by DAO Ops to grow a technical support capability. Additionally, he sees how FDD is decentralizing itself into the OpenData Community as significant.
Latest Episodes from Green Pill
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Green Pill #60: Solarpunk vs Lunarpunk with Manu Alzuru & Rachel-Rose OâLeary. This is a three-part series about the concept of Punk. What is it, and what kind of punk best maps to Ethereum as an ecosystem? Manu Alzuru is the founder of DoinGud, a community-driven art marketplace, and he represents the Solarpunk side of Ethereum, which emphasizes sustainability. Rachel-Rose OâLeary is a coder at DarkFi, after time spent as lead tech writer for CoinDesk covering privacy tech and Ethereum. She is representing Lunarpunk, which emphasizes privacy.
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Green Pill #61: Terrapunk with Jack Nasjaq. This is the second episode in a three-part series about the concept of Punk. Nasjaq is an author and thinker who wrote the âTerrapunk Manifesto,â which explores Solarpunk with a more human-centric perspective. How can we reconcile being pro-sustainability and pro-human?
Upcoming Community Events
If you have an event youâd like us to include in the Digest, reach out to @alexdw5 on Twitter or Discord.
Tuesday (11/15):
- 10a ET â Open Data Science Hackathon Recap â Evan and Joe recap the results and winners from the ODS Hackathon. Set a reminder for the Twitter Space here.
Wednesday (11/16):
- 12p ET â DAO VIBES â our weekly open community vibes call. Happens in the Citizen Forum on Discord.
For up-to-the-minute updates on Gitcoin events, check out our Events Calendar!
Opportunities for Builders
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Reserve Protocol bounty updateâthere are over currently over 200 participants working on building plug-ins for the protocol. There are numerous bounties still available to claim, each offering $3000. Take a look here.
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Everscale Elysium hackathon. Runs 11/1 - 11/28. $40k prize pool in WEVER token.
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Block Born & Balthazar Hackathon - Powered by Tezos. Run 11/9 - 12/4. Various bounties available. Check the Prize Explorer.
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Magic Eden Hackathon â Creator Monetization. Runs from 10/28 - 11/28. Total prize pool of $250k.
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Algorand Greenhouse Hack 3. Runs from 11/23 - 1/12. Various bounties available. Check the Prize Explorer.
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The Illuminate/22 Hack by Moonbeam. Runs 11/14 - 12/12. Various bounties available. Check the Prize Explorer.
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