Digest #48: How Do We Make Gitcoin a Sustainable DAO?
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How Do We Create Sustainable Revenue Streams to Fund the DAO?
This week, we explored the question “How does a DAO become sustainable?” in our Gitcoin Community Call on Wednesday. More specifically, we asked, “How does Gitcoin become sustainable?”.
One of the main questions during the call was, ‘should we design grants protocols to take a small fee on every grants donation?’ One community member noted that “Gofundme charges 2.9% +$0.30 on every donation”.
Others on the call raised concerns that the grants protocol was more likely to be forked if we charged a transaction fee. Ben West offered his perspective that, “I think the forking risk is lower than we might think. Most of our partners don’t have the staff time and expertise to run their own rounds and will want/need our support”.
During the call, we jammed in a Miro board to crowdsource potential answers to these questions here.
This is a topic that we will continue to discuss in the coming year! Check the #dao-citizens channel for the recording of the call.
In This Issue of the Digest
- DAO News
- Content Roundup
- Top Posts from the Gov. Forum
- Upcoming Events
- Opportunities for Builders
DAO News
This week’s DAO news from the Gitcoin community
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The Opendata Community “DataBuilders” Hackathon starts today! This hackathon is hosted by Gitcoin’s Fraud Detection and Defense workstream. The DataBuilders Hackathon builds on the success of the Open Data Science Hackathon that happened last October. If you are a data analyst, data scientist, dev, or DevRel person, we encourage you to join us to create the web3 open data tools of tomorrow. There are $40k in bounties! Sign up here.
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If you donated to the Unicef round, claim your POAPs. Claim all five unique POAPs from the round to win a Schelling Point VIP package! More details in this thread.
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We believe that sybil resistance is one of the most important problems to solve in web3. If you share this belief, you can learn more about getting involved with the Gitcoin Passport project here.
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Grants voting ended on Jan. 2nd for Fantom’s first funding round, run on an alpha version of Gitcoin’s new grants protocols. The round saw nearly 300,000 $FTM donated by 16,344 unique contributors across 85+ projects. Results will be finalized over the next 2-3 weeks. You can read a short Twitter recap here.
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Owocki announced this week that SuperModular recently dropped the Quadratic Lands Treasure Map. You can purchase a high-res digital print in the Gitcoin store!
This Week’s Content
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Gitcoin Blog: “Transitioning from Grantee to Funder: Mask Network”, by Quinn
Quinn created this short case study on how Mask Network started their journey from Gitcoin grant recipient to co-hosting ETH Shanghai, along with Gitcoin, and creating their Eco Fund, to fund climate-focused projects in the web3 space. This case study of Mask Network is a great example of the impact of Gitcoin Grants and quadratic funding!
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SuperModular Blog: “How do we make Regen Crypto (Greenpilling) a movement?”, by Owocki
Owocki posts five questions he’s thinking about, that are related to how we can make regen a movement. He asks, “how do we greenpill the world?”, and, “how do we route more capital/talent/attention to regen crypto?”, in addition to other questions. You can join the discussion in the SuperModular forum here.
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Making ReFi Real with Jahed Momand | Green Pill #73.
Kevin chats with Jahed Momand, Co-Founder, General Partner at Cerulean Ventures. Jahed invests in and contributes to projects building a decentralized regenerative world, with a specific focus on the natural asset economy across blockchains, especially in Cosmos and Regen ecosystems. Jahed and Kevin discuss how Web3 is regenerating the world, Jahed’s ReFi investment thesis, and so much more.
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Decentralized Music Platforms with Roneil Rumberg of Audius | Green Pill #74
Kevin is joined by Roneil Rumberg, the Co-founder and CEO of Audius. Audius is a fully decentralized music platform. Roneil and Kevin dive into how creativity is also a regenerative public good, how Audius is changing the future of music curation, and what trends Roneil is seeing in the decentralized music space.
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Is Web3 the New Occupy Wall St? with Benjamin Life & Sarah Baxendell | Green Pill #75
Kevin speaks with Benjamin Life and Sarah Baxendell, as they explore the question, “Is Web3 the New Occupy Wall St?”.
Top Posts From the Gov. Forum
These are the top posts from this week in the Gitcoin Governance forum. See the latest here.
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Improving DAO-Community Relations, by chaselb
Gitcoin core contributor, Chase, provides an audit of “all known sources of information” for Gitcoin community members, and offers feedback on how each source might be improved, by adding context and transparency. If you are a community member, and you have questions about CSDO, Gitcoin Stewards, or other internal DAO programs, jump into the comments and add your feedback! -
A BULL/BEAR case for Gitcoin/GTC in 2023, by a33titude
Gitcoin community member, a33titude, provides an analysis for both bearish and bullish scenarios for Gitcoin and the GTC token in 2023. They also recently posted “Web3 Crowdfunding Tool Competitive Landscape” on the forum.Bearish scenarios include: the bear market drags on and GTC continues to lose value; grants protocols struggle to find product-market fit; and/or Gitcoin runs out of runway before finding sustainable sources of funding. Bullish scenarios include: grants protocols finds product-market fit and has billions of $ going passing through; Passport becomes “the foundation of a new sybil resistant economy in web3”; and/or GTC finds true utility as a governance token in the DAO.
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CSDO Charter V1, by krrisis
CSDO stands for “Cross-Stream DAO Operations”. Kris once-and-for-all answers the question, ‘What is CSDO and what does it do?’. He also shares CSDO’s “charter, operating rhythm and membership definition” in this post. TL;DR: “The CSDO Charter is an agreement and a commitment between the workstreams as to how we work together”.
Upcoming Community Events
Weekly online and IRL events in the Gitcoin community.
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Wednesday, January 11th – Gitcoin weekly Community Call
Happens every week in the #dao-citizens channel!
For up-to-the-minute updates on Gitcoin events, check out our Events Calendar!
Opportunities for Builders
- Algorand Greenhouse Hack 3. Began this 12/21 and runs until Feb. 8th, 2023. Various bounties available. Take a look at the winning projects from GHH2.
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