Digest #42: 🔨 FTX fallout continues; why it’s (more than ever) time to buidl together

alexdwagner · November 17, 2022, 8:15pm

FTX fallout continues; why it’s (more than ever) time to buidl together

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Bear Cycles Don’t Last Forever

However, the severity of recent events in crypto has some of us asking ourselves, “What is Web3 for?”, and “Is Web3 good for the world?”.

Our answer? The FTX debacle just further illustrates how much decentralization, transparency, and antifragility truly matter.

According to the Ethereum Foundation, these values are always what was intended for Web3.

While the events surrounding FTX and Alameda Research have had negative effects for most everyone involved in crypto and Web3, perhaps this needed to happen for crypto to flush out bad actors, and return to its original values.

Case in point: for Web3 to continue to exist, the future must be decentralized.

In This Issue of the Digest

DAO Happenings This Week
Governance Forum Top Posts
This Week’s GreenPill Episodes
New and Active Governance Proposals
Upcoming Events
Opportunities for Builders

DAO Happenings This Week

Join us for a “GR15 Retro Quadratic Friends Spotlight” Twitter Space tomorrow(11/18) at 3p ET. @BenWest chats with a few members of #Quadraticfriends @TheMetaCatalyst, @WeSeedRefi, @AfroCryptoPunk and @40acresdao. Set a reminder here.
Gitcoin contributor @publicmaxwell joined Chase Chapman’s podcast, On the Other Side, this week. The topic is “STEPPING INTO OUR VALUES + TAKING CARE OF EACH OTHER”. Don’t have time to listen to the whole podcast? Peep this snippet here.
@gkimbwala, @disruptionJoe and @epowell101 hosted an Open Data Science Hackathon Twitter Space, announcing hackathon winners and results! Listen to it here. They also posted hackathon results in this forum post. You can also check them out on Discord, Twitter, and Github.
Two new blog posts on the Gitcoin blog.
- “Gitcoin expands governance participation to long term partners” by Team Gitcoin. This post details our DAO Stewards program, and invites Gitcoin community members to apply for the Steward role. Apply to become a Steward and help up guide the future of Gitcoin!
- “How Web3 Builders Can Build Trust Through Storytelling” by Alex Wagner. Alex gives builders a crash course in the importance of storytelling, to build a community and user base for your Web3 project.
Snapshot Labs is partnering with Gitcoin to make DAO coordination more secure. More details to come

Also, there are numerous hackathons running on Gitcoin this month! Scroll to the bottom of the Digest to check out our Opportunities for Builders.

From the Governance Forum

These are the top three posts from this week in the Gitcoin Governance forum. See the latest here.

# OpenData Community Hackathon Results by epowell101

The OpenData Community is an independent DAO started by GitCoin– and more specifically, by the FDD workstream. The first Open Data Science Hackathon ran in October, and effectively launched the DAO. In this post, Evan gives the results of the hackathon! Congratulations to hackers ataraxiae, jennifertran, the Slay Sibil team, and the poupou-web3 team! The results were voted on using Quadratic Voting.

The ODS community welcomes data scientists, a community builders, degens, project developers, and who who wants to use web3 data to build on the decentralization ethos of Ethereum. Join us in the Discord!
Allocationism: Towards a Holistic Purpose, Vision, & Strategy by DisruptionJoe

Joe puts forth the concept of Allocationism, which is the name he gives to the new “power distribution substrate” we are building at Gitcoin. In a nutshell, Allocationism provides a means to coordinate more effectively and make real-world political impact using the protocols, community, and culture we are building at Gitcoin. Joe challenges the DAO to dream bigger in the post, saying that we need to create a stronger purpose statement, and a stronger vision and better strategic clarity in the DAO. Joe offers that uniting the DAO around Allocationism is potentially a much stronger and more galvanizing purpose than “funding our shared needs”.

This post was offered by Joe to spark discussion. Add your feedback in the replies!
Decentralized social graph as an oracle powered by the wisdom of the crowd for the era of Plurality by tkgshn

tkgshn offers some thinking behind DeCartography, which is a protocol that outputs data from the Plurality social graph as an oracle. tkgshn asserts that DeCartography is an effective sybil defense tool to prevent collusion. This ideology is based on the concept of “Plurality”, and the author offers that DeCartography might better be called, “Plurality Quadratic Funding”. You can read a draft of the whitepaper here, and you can add your feedback in the comments.

Latest Episodes from Green Pill

Ethereum is Punk | Green Pill #62 – This is the third and final episode in a three-part series about the concept of Punk. What is it, and what kind of punk best maps to Ethereum as an ecosystem? In this episode, we show a talk that Kevin gave at Devcon Bogota in 2022, which walks through Cypherpunk, Solarpunk, Lunarpunk(part one of series), and Terrapunk(part two). Ultimately, Ethereum is the punk that we make of it.
Is Crypto Good for the World? with David Hoffman & Juan Benet | Green Pill #63 – After one of the toughest weeks in crypto history, many are left wondering, “is crypto even good for the world?”. Kevin brings on Bankless Co-Founder, David Hoffman and CEO of Protocol Labs, Juan Benet to answer that question. In addition, the three chat about how markets have a memories, the difference between squad and individual wealth, and how to make the next FTX meltdown preventable.

Gitcoin Governance Overview

Snapshot polls GTC Holders, and Tally performs on-chain actions. Proposals that have on-chain steps, such as budget requests, move on to Tally after being ratified on Snapshot.

Active Proposals:

The following S16 budget requests are live. Go read through them and vote!

Proposal Discussions:

[S16 Proposal - INTEGRATED] MMM Budget Request

Upcoming Community Events

If you have an event you’d like us to include in the Digest, reach out to @alexdw5 on Twitter or Discord.

Friday (11/18):

3p ET – “GR15 Retro Quadratic Friends Spotlight” Twitter Space, hosted by Ben West

Next Wednesday (11/23):

12p ET – DAO VIBES – 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

Are you a web3 builder? Fill out this interest form to join our first Gitcoin “Buidlers Circle”. Work closely with Gitcoin leaders to add your input to our effort to support our builder community, and connect with other builders. Our first Buidler Circle is limited to 10 participants–apply today!
The Illuminate/22 Hack by Moonbeam began this week! Runs 11/14 - 12/12. Various bounties available. Check the Prize Explorer. See our tweet thread detailing the launch of the Hack, and upcoming hackathon workshops.
Fantom’s Alpha Round is open for submissions! Apply here. Fantom is using Gitcoin’s 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 Fantom’s post for additional details!
Reserve Protocol bounty update–this DeFi hackathon has over 200 participants working on building plug-ins for the Reserve protocol. There are numerous bounties still available to claim, each offering $3000. Take a look here.
Everscale Elysium hackathon. Runs 11/1 - 11/28. $40k prize pool in WEVER token.
Block Born & Balthazar Hackathon - Powered by Tezos. Run 11/9 - 12/4. Various bounties available. Check the Prize Explorer.
UBESWAP DESTINY HACKATHON. Runs 11/14 - 12/12. Sponsors include Celo and Ubeswap. Prize pool of 800,000 UBE(roughly ~$15k at the time of publish date of this newsletter). Join the Discord server to get started.
Magic Eden Hackathon – Creator Monetization. Runs from 10/28 - 12/12. Total prize pool of $250k.
Algorand Greenhouse Hack 3. Starts 12/14. Various bounties available. Check the Prize Explorer.