For the record - a belated thank you to the drafters who were incredibly inspired in driving this forward and patient in gathering feedback. Iāll be voting yes.
Thank you to everyone who spoke with us or left comments on our doc about the ideas and details of this proposal before it went live. Your energy, engagement, and support has been incredibly motivating.
Special thank you to those who have been active in this thread @carlosjmelgar @Colton @jengajojo @kevin.olsen @ UnchainedPicaso @DisruptionJoe @ZER8 @Viriya @nategosselin @ale.k @epowell101 !!
This proposal was built through a community effort and it exists in order to enable further community efforts. If we pass on snapshot and run these rounds then the success of these rounds will also be based in how much community gathers to participate. Thereās an open invitation to anyone who wants to make these rounds a success to help gather nominees for retroactive quadratic funding in our first round. Just comment below why youāre grateful for someone and think they deserve RetroQF.
Nominee Name:
Link to Contribution:
Date of Contribution:
Brief Description:
How this benefited Gitcoin:
I would like to think that this money is really going to create a better future.
Hey Umar - Thanks again for posting this. I am excited to see us give this a shot.
I am supportive of the initiate and I wonder if there can be an option to support one round, two rounds, or three?
I would love to kick this off with a commitment for two rounds to start, and then expand to a third if we find itās successful? Is that possible?
This sounds like a solid 'worth a try. ā
Esp. for the retroactive QF.
Everyone mentioned above in blue highlighted for retroactive QF funding has my vote, a big YESSS!
Thank you for the proposal, Iād like to support this experiment!
Hey there @kyle thanks for the input. The proposal has already been posted on snapshot, so following process the proposal should not be adjusted. That said, this initiative it meant to be deliberately executed with operational excellence which includes a published postmortem after each round. You can see that called out in the overview and in Milestones & Timelines as well as in the Success Measures.
As part of any standard post mortem, we should ask āare we delivering on the benefitsā? If the answer is ānoā and if we cannot see a pathway to deliver on the promise, as Stewards of Gitcoin we then have to question if we are at risk of throwing good money after bad.
@kyle I really appreciate the push from you on this.
Every Steward should ask:
- Is there clear success criteria?
- Do I understand and think the success criteria are important?
- Does the plan call out progress/milestones, and will i be able to judge progress?
- How will this project inform me if this was a good use of spend?
- If this were my money, would I spend my money on this?
If you cannot read a proposal and feel comfortable with these components, you might think twice.
As a DAO, the more we can hold our projects, programs, and workstreams accountable to this kind of stewardship, the greater our impact will be.
Thanks - I didnāt realize it was live when posting. I am adding a link here for others to find that. It would be helpful if the post was updated when the Snapshot vote went live to help us know the āstageā of the GCP.
I am going to abstain from the vote as I feel neutral on the proposal as is, but want to make sure it hits quorum and others can decide
Thanks Kyle! Updated the top post to include a link to the snapshot.
In addition to what Shawn mentioned, I hope this section from the post gets to a similar outcome as you mentioned earlier:
Had a couple more thoughts since posting my reply aboveā¦ Still support this and feel it is def worth a tryā¦
Other thoughts are these: For me it is the retroactive QF that stands out the most.
So, thinking that throughā¦ and recognizing how much effort and goodwill the Gitcoin core teams put into making these rounds successful for the rest of usā¦
What IF -
After each Core and Featured rounds, as well as the expected independently run rounds, every successful grantee paid a Retroactive Thank You into a collective Gitcoin ātip jar.ā
The representative āThank Youā could easily be in the form of a badge or nft or other digital asset. Which could then dually serve as a partial qualification for eligibility into the next round.
I would suggest basic perameters such as only expected from grantees who raised over 200DAI in their round. And then increase it relative to amount raised - ex. if a group raises 33KDAI then they would ātipā accordingly though maybe a cap could be set.
One of the main reasons I started thinking down this path is because Quadratic Funding rounds are a huge amount of effort for the grantees as well. They can also be something of a popularity contest. After the core Gitcoin team has put so much effort into supporting the ecosystem, is it fair to ask you to āsing for your supperā on top of all that?
I would frame this as a āpay it forwardā sort of a structure. After all, by keeping you guys/ gals happy at Gitcoin, it ensures that this funding support machine keeps going.
Just some Xtra thoughts. Apologies for the TL;DR
Some small questions here. So this is not to fund any specific workgroup but individuals themselves right? And using the grants program itself to try and test it too with a relatively small amount, correct?
Hi thanks for engaging! This is an interesting idea and I love the mindset of pay-it-forward. I want to clarify that this QF round is not for core team efforts (which are already compensated) but the many efforts by community members who help elevate and uplift these rounds. In my opinion, the best way to show your appreciation to them is to contribute directly to the grants of the people you appreciate in the retroQF round.
Yes to both these questions! With this proposal, weāre funding community members who voluntarily make contributions that benefit Gitcoin.
Very interesting concept and a well developed proposal.
Thanks. Well that sounds rather interesting then. Love the details in the proposal and happy I understood it correctly.
I will be voting yes as I believe itās a great idea to reward community members and especially via dogfooding our own product.
This snapshot vote has passed with ~75% approval rate.
Metrics:
2046 unique votes
~7.2M GTC tokens cast.
Pilot the Gitcoin quadratic funding rounds and allocate $95K in GTC for three rounds and staffing !
Weāll continue to make posts about Gitcoin and weāll announce them in this thread