âWe also wonder if gitcoin round is good for us to onboard users, not just rely on highly active wallets Web3 ecosystems in order to align with the formula.â
I was about to ask the same. Thanks to raise it up. I look forward from any Gitcoinâs team answer.
As PM at Animal Social Club this has been a first direct experience with Gitcoin QF.
Traveling during the fundraising weeks impacted teamâs coordination and thus weakened our marketing approach, but still weâre happy to have learned a lot and for any funds weâll receive.
Also, itâs been amazing to see many friends met IRL at conferences running their QF campaigns and achieving some great results.
Happy for all. Congrats to Gitcoin. Appreciate for this growing opportunity
Weâre building Mini Bridge and ranked #5 for both Most Contributors and Most Donations in the Infra round. But our matched result came out at #11, and weâre trying to figure out why thereâs such a big gap between the donation rank and matched rank.
First of all, thank you for all the hard work in organizing GG23.
I have a quick question regarding the matching calculation under the COCM model.
I noticed a case where two projects have very different outcomes despite differing crowdfund amounts and number of contributors.
For example:
ABI Ninja received $79.68 in crowdfunds from 41 contributors, and matched $5,298.
SuperUI received $250.45 from 79 contributors, but matched only $356.
Could you help clarify how the diversity score or sybil resistance mechanism affected this result?
Is there anything we could do in the future to better optimize for matching outcomes, apart from increasing total crowdfunds or contributors?
Really appreciate your time and all the improvements made to the grants program.
I am sure they have logics and good reasoning. And I agree with you that Gitcoin has been supporting web3 community so long I can remember. Personally I donât really care about the amount/matching fund we have received. Community showed love and support. Itâs good enough knowing 1400+ people went to Gitcoin to show support for our project.
Thank you for the detailed report @MathildaDV !
Can you help me understand where Unlock DAO is in all of this, or didnât we end up not making it at all? I knew only after that I should have applied for the Infrastructure round but well there is always something to learn âŠ
Thanks for the comment @debuggingfuture. So, yes this is COCM in action. With traditional QF, your match wouldâve looked different, but due to us using COCM (which is the most sybil-resistant), your match amount would look different.
This is due to the fact that COCM favors projects that have a wider range of donors from various communities. So, if you have a donor base that only donates to your project and not other projects, this is where the difference comes in.
No, COCM takes into account donor behaviour, and coupled with Passportâs MBD (as outlined in this post), the onchain activity of the wallets donating!
Thanks @DeFiTeddy! Yes, the amount of donations is important in traditional QF, but in COCM having a wide range of donors is more important, so for this reason thatâs why youâre seeing that gap. As outlined in this post, the two-pronged sybil resistance that we have ensures a fair distribution of funds. We always encourage projects to suggest to their donor base to not only donate to their project, but to others in the round as well!
Thank you for the response @MathildaDV it is helpful.
We understand motivations of COCM and have the trust it is well designed & executed.
Thus I think we are aligned with COCM in principle, however we still find it challenging to understand how it actually play out given the algorithm complexity.
It will be great if some heruistic metrics/elaborations are published alongside the matching results (besides on-chain calculations as proposed),
for examples we wonder, for each project
how many donors are filtered in the first place (base on Passport MBD)?
% of donors donating to other projects?
donor similarity for the project and how is that being calculated?
visualized comparsion re diversity for projects?
In our case in last round with same COCM mechanism we were fortunately a top matched project (hackathon alumini). While this time similarily we raised donations from quite some different communities and with the large contributors count come organically, we are left feeling âyea we should be diverse with a valuable communityâ with COCM saying âno not actually diverse enoughâ.
Anyway just two cents from a project perspective, and we would love to communicate things clearly to our supporters as well.
Still have to say, thank you Gitcoin!
I understand the need to understand these sybil-resistant mechanisms on a deeper level, but thereâs also a reason why we only release what we do â so that the integrity of sybil resistance remains in tact, and that it protects future rounds from being gamed.
Everything you need to know about COCM and how it works can be found in this post!
Thanks â Seems i misunderstood it is in the process of moving on chain. Will appreciate any future discussions and materials on trade offs it made, such as on attributes related to ethereum alginment
Decentralization and security - avoiding points of trust, minimizing censorship vulnerabilities, and minimizing centralized infrastructure dependency. The natural metrics are (i) the walkaway test : if your team and servers disappear tomorrow, will your application still be usable, and (ii) the insider attack test : if your team itself tries to attack the system, how much will break, and how much harm could you do
UPDATE: Due to our team actively investigation a few reports of violations, we will push finalization and payouts to next week when we have had the time to complete our due diligence.
Can you tell me when will be the results GG23 OSS - Web3 Infrastructure and awards for this stage? Itâs been quite a while, but the results have not been announced, and there are no awards.
I have a question, I participated for the first time in tokenization of gitcoin token into projects in grants, will there be any rewards for the fact that I threw 50 gtc into each project that ended up in the top 3 projects?