Hot Topics:
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CSDO members decided to reduce spending by 40% compared to what was budgeted. @kyle provided an Update on Gitcoin Workstreams and Budgets, explaining the current priorities and how to sustain the long-term health of the organization by doubling down on areas that are gaining momentum (Passport, PGN, GTC utility).
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@kyle shared an update on how PGN is related to the race to the bottom premise suggested in his talk at Zuzalu. Check out the full talk to learn more about the thinking behind getting as close as possible to an always-on, legitimate and bountiful source of public goods funding.
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@shawn16400 posted the official announcement of nominees for the Gitcoin Steward Council election, outlining in detail the nominations process and representatives from the individual workstreams.
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What would it take for Gitcoin to give projects the option of putting all community contributions they receive into a staking pool, from which they can receive a monthly stream of rewards? @thedevanshmehta explores this and other thought-provoking questions in his post about Staking community contributions from grant rounds.
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@DisruptionJoe and @tkgshn are experimenting with an advanced form of Quadratic Funding (Plural QF) to demonstrate how DeCartography can mitigate collusion in QF. Read the Proof of Concept to learn about how social identity can be used to adjust voting power based on the social distance between QF donors and contributors. Read this other post to find out how much Plural QF reduces collusion compared to traditional QF.
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@peth is seeking $10k as a proposal for Gitcoin to sponsor MetaFest Croatia, a gathering around coordination, regeneration & the bigger picture, sharing some context about the event, its benefits and drawbacks.
Weekly Workstream Update
Here are key highlights from the weekly workstream update - (video here)
Allo
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Keep an eye on key dates in the targeted timeline for Allo V2: testnet launch around July 25th, audit start around August 7th, and mainnet launch around September 1st.
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MVP end-to-end flow is finished, working on a library of strategies and redesigning some pieces of Allo to merge all strategies into one.
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@0xZakk, @Owocki are speaking on Allo at Funding the Commons and EthCC over the next few weeks.
Grants Stack
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Product design is in progress to support PGN mainnet, testnet and bridging.
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Multi-Round Checkout (MRC) feature is in progress to enable checkout across different rounds and chains all in one cart. UI improvements and audit to follow.
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Contract changes to Allo v1 to support MRC have been merged. Matching Estimates MVP is underway.
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Experimenting with Direct Grants to build more mechanisms into Grants Stack to better empower communities to fund their shared needs. Product MVP and beta program are expected around late July. Gitcoin team to take over in August.
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Check out the Allo Brand Design Elements with updated slides, animations, illustrations, and banners. Refined graphics, stickers for FTC Paris, and the brand book and forum post are in progress. V1 of Brand Book is complete!
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The Manager Toolkit is being updated as a more robust guide and inspiration for running a Quadratic Funding grants program.
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Support Ticket Stats (June 16 - July 2) decreased: 125 new tickets via live chat and 68 new tickets via email, revolving around Passport stamps. Use support@gitcoin.co or intercom for filing issues.
Public Goods Funding
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Check out the progress tracking notion page to stay up-to-date on the objectives outlined in the proposal for seasons 18 and 19.
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Top 3 goals for Q3: 1) Develop a strategy for the upcoming program rounds. 2) Further develop the functions of Sales and Partnerships to drive revenue. 3) Manage the expenses and overhead of the workstream to acceptable levels.
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All core Beta Rounds have been paid out! GG18 is targeted to kick off in August. A Plan draft is to be completed this week.
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Working with MMM to develop an offering deck that will help us better position Core and Featured rounds
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The CRM pipeline continues to grow. Will be working on creating an organization’s forecast. Positive discussions with UNICEF, ACS, and USC happened this week.
Passport
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The Linea campaign’s inclusion has been a major driver of growth (thanks to outbound BD).
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GTC staking has been upgraded, including moving the minimum from 1 GTC to 5 GTC, which has improved our sub-metrics and contributed to exceeding our target earlier than expected.
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The number of passports has increased from 131k to 450k (halfway towards the milestone of 1M). The amount of GTC staked has also increased from the previous peak of 150k GTC to 562k GTC (exceeding the milestone of 450k).
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Upcoming focus will be on conducting several revenue experiments and reaching 35 total integrators.
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Announcing Gitcoin Passport integration into Guild and six new stamps with scoring: Phi, Guild, Holonym, Idena, Civic, and Hypercert. Planning for onchain stamps and Galxe campaigns is underway.
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Multiple case studies and Passport brand revisions continue in progress (the cross-functional working group has been activated to ensure alignment between mission, vision, and marketing assets).
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New Release Notes are available.
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Discourse plugin development and Snapshot updates are under planning. Other integrations include Aspecta, Civic, Collab.land, NewCoin/NewLife, and Metaforo.
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Content standardization is in progress, including better links to the OpenAPI playground tool and the creation of a Data dictionary to define what fields deliver via the API, as well as ongoing Information Architecture reviews.
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Automated docs and tools, simplified Passport introduction, and Nextra migration are under planning.
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Supermodular team has built a Passport-gated faucet starter that can be forked and run on any network. Prebuilt Passport components are under planning.
MMM
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Website updates are in progress and almost ready to be deployed on grants.gitcoin.co and WTFisQF.com.
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Citizen Round case study has kicked-off. Schelling Point Paris planning is in progress.
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Gitcoin Grants concept development, channel audit/revisit, persona review, and documentation are underway.
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Program Manager is the word of the week, defined as an individual running a grant program. Typically responsible for funding the matching pool, determining eligibility criteria, curating and approving grants, promoting the round, answering questions, and managing payouts. Similar to “ecosystem partner” in Grants 1.0. Check out the shared glossary of terminology, where the DAO documents common language and reinforces our shared vernacular.
GitcoinDAO Governance Overview:
Snapshot polls GTC Stewards. Tally performs on-chain actions. Proposals that have on-chain steps, such as budget requests, are approved on Snapshot before moving on to Tally.
Active Proposals:
- [Proposal] Gitcoin handshake MetaFest
- [Proposal] ODC - Gitcoin founding role and request for support
- Proof of Concept: Utilizing DeCartography for Plural QF
Upcoming events
Gitcoin Community Call: Weekly discussions to seek community opinions on the latest DAO decisions happen every Wednesday @ 12 pm ET. Catch up on recordings of recent conversations here:
- July 12: Measuring impact in Grant Funding
- July 12: Coordination in public goods and season 9
- June 28: DAO leadership and public goods funding
New to Gitcoin?
- Explore the future of Gitcoin at our new website, and check out Gitcoin Community Hub for key resources and events.
One more thing! ​The 6th edition of Funding the Commons will take place on 15-16 July in Paris, France. Use the coupon code GITCOINER to get 35% off the tickets—limited spots remaining!
Thanks for reading!
PS: Click here to subscribe to the DAO Digest