[GCP 017] Gitcoin Citizens Retroactive Funding Round

[krrisis]

Thanks for the support Devansh!

@thedevanshmehta

I do wonder whether the 10k GTC signal boost fund can be used to increase decentralization in GitcoinDAO - for eg by delegating it as voting power to the citizen or awarding it with the expectation that it should be held for at least a year & used for identity staking or voting.

And this is an interesting one! Two things come to mind:

1. We really want to reward the Citizens with the full budget and not limit on how they use it. However we do hope they will hodl this and use it to participate in governance, that is one of the reasons we are donating GTC. At the same time governance at Gitcoin is evolving, so let’s see what comes out of this.

2. Our goal is to keep things simple & straightforward, at least for these upcoming 2 rounds. So the idea of asking for more funds that we then not give but just delegate adds complexity which I would prefer to not do at this point in time, and first focus on increasing awareness & impact of Citizens’ work. Also knowing that the DAO has not set up anything similar so far (the DAOs holdings are not delegated, individual token holders just delegate how they want to), I don’t think the core team will want to prioritize this. That said, I do think Citizens automatically have a higher chance of getting GTC delegated by key tokenholders if they do great work + get rewarded with extra signal boosting GTC.

All that said, very much taking note of these ideas for future rounds, exciting times for Citizens!