Season 15 budget results are coming in with all workstreams passed so far!! We also passed an agreement for a $10MM Treasury Diversification from GTC into stablecoins! 
See the vote results in our Governance Overview 
If you would like to receive a succinct summary of the latest Gitcoin News in your inbox, sign up here!
Hot Topics:
-
From August 12th to August 19th, 8 new stewards expressed their interest in governing Gitcoin. One of them, shawn16400, is a new DAO Core member. The other 7 are all from Consensys-Mesh. They include two Partners, an Executive Assistant, a Head of Marketing, a Marketing Manager, a Talent Advisor, and a Portfolio Analyst. From 2017 to 2021, Consensys-Mesh incubated Gitcoin then after Gitcoin raised enough funds to spin out, ConsenSys sat on the board of directors. In addition to incubating companies, ConsenSys Mesh runs the Tachyon Accelerator, manages an investment portfolio, and participates in DAO governance.
-
Kyle, Annika, Lindsey, and Nate shared their voter guides for season 15. All four guides highlight the market conditions forcing leaner workstream budgets and a desire to see improved performance from some struggling workstreams.
-
Elliott from Llama shares Gitcoin’s July 2022 Financial Report. Gitcoin’s treasury remains over 99% GTC worth over $88MM. This month’s contributor rewards totaled $834.7k up 6.1% from last month. With GPC entering the budget in August, at an anticipated 36.4% of the DAO Budget, the total contributor rewards are expected to increase despite leaner workstreams.
-
In a lucid post about plural passports, llllvvuu, asks “if I have stamps from all of {PoH, Worldcoin, Idena, Bright ID, KYC, Web2}, what is the incentive for me to put all of these on the same passport, versus creating multiple passports?” He then explains that if rewards for adding more credentials to a passport level off, then there is an incentive to hold multiple passports. This could be prevented by credentialing systems, like Worldcoin and BrightID, linking identities across systems to verify that a person does not hold multiple identities.
-
Owocki makes a post on the Gitcoin Hyperstructure which details three phases of Gitcoin’s coordination evolution. “Gitcoin started as socialware” with high social coordination costs and utilizing the primary mechanism of human relationships. Gitcoin is evolving more trustware which use technology to have low social coordination costs. The final form will be a hyperstructure: “a crypto protocol that can run for free and forever, without maintenance, interruption or intermediaries.”
-
Latest Episodes from the GreenPill Podcast with Kevin Owocki:
Gitcoin Governance Overview:
Snapshot polls GTC Holders and Tally performs on-chain actions. Proposals that have on-chain steps, such as budget requests, move on to Tally after being ratified on Snapshot.
Active Proposals:
Proposal Discussions:
Latest Completed Proposals:
- Withdraw $10MM of GTC to diversify our treasury and increase governance partners: 82.41% YES
- Public Goods Funding S15 Budget Request: 64.5% YES
- Fraud Detection and Defense Funding S15 Budget Request: 96.87% YES
- Moonshot Collective S15 Budget Request: 99.7% YES
- S15 DAO Ops Budget Update: 96.3% YES
- GR15 Round Structure: 100% FOR
Workstream Discussion:
Public Goods Funding
-
Our partners have already committed over $2.6 million in total matching funds for GR15 across the Main Round, 4 Cause Rounds ($900k+ matching pool) & 13 Ecosystem Rounds ($1.3M+ matching pool). More partners continue to sign on every day and we expect this total to keep growing!
-
We’ve published guidance, in partnership with MMM, for grant creators. Grant creators should submit their new applications or updates by Sept 3rd at midnight CDT to receive a thorough review before the start of the round. The first days of the round are critical for raising the most funds!
Moonshot Collective
-
We shipped two identity staking stamps that were successfully merged into the Passport codebase. This is a huge step toward Sybil resistance by enabling self-staking and community-staking on an individual’s identity. Now, we’re focused on upgrading our front-end design for the staking app and auditing our smart contracts.
-
We identified three themes for our workstream to build success processes: cross-stream accountability, initiative accountability, and idea intake/vetting. Our team is developing proposals to address these.
Fraud Detection & Defense
-
We identified 1,121 likely Sybil Attackers based on their history of grant contributions and usernames. These accounts can be squelched to prevent influencing the matching fund while still accepting their “generous” donation
-
We’re diving deep into how we can open up our data to be maximally useful for Grants 2.0. We’re also exploring how we can host a hackathon post-GR15 for data analysis.
Merch, Memes & Marketing
-
We’re significantly amping up our Grants Round Marketing for GR15! We completed a runbook and tracker to support our Partners’ Marketing efforts. We also created Twitter and email campaigns and are preparing a lot of content!
-
We dropped an educational and entertaining Web3 Identity series on our blog. Check them out:
-
One of our top priorities is protocol product marketing. We’re making sure we have descriptive names for each product, building a landing page for Gitcoin Passport, and aligning on a marketing plan for a key partnership.
DAO Operations
-
People Ops: We developed documentation for converting GTC and are developing guidance on employment benefits through Opolis and WorkDAO. In addition, we are discussing how we can improve the peer review process for contributors based on workstream feedback.
-
CSDO: In this week’s CSDO meeting, we discussed updates to the passed vote to diversify $3MM of GTC into stablecoin. We have ~$3.8MM in our portfolio currently and CSDO voted to continue diversifying the surplus rather than returning it to the treasury. Additionally, our DAO-wide Tuesday Syncs are increasingly becoming a place for deeper dives and we’re looking to continue/expand this trend. We also discussed updating the gitcoin.co website and how FDD can help ensure that PGF has the data they need in a Grants 2.0 future.
Gitcoin Product Collective
-
Round Manager: We deployed to a production environment, and demoed the completed bulk approve/reject feature of our project. We also completed an internal design sprint for Grant Explorer and will be gathering user feedback before we build out our MVP.
-
Grants Hub: As of our latest demo, we are 90% complete with Phase 2 of Grants Hub. Last week, we improved the UX by adding image cropping and developing new designs for payout wallet address validation. This week, we are finalizing the cryptographic security of PII data in our Round Manager integration, and conducting research interviews with new users.
Upcoming community events
-
Check out our Grants Events Calendar!
-
August 24th (Weds.) 3 PM UTC: Join our weekly Public Goods Library on Discord! This week’s topic: "Tips & Tricks for Supporting Successful Gitcoin Grants” hosted by Ben West from PGF. Send a DM to @_madison_adams to be added!
-
August 24th (Weds.) 4 PM UTC: Drop in on our weekly DAO Vibes on Discord! We have been seeing great attendance and engagement and we would love for you to join us.
-
August 25th (Thu.) 6 PM UTC: Join our Twitter Space where host Gloria Kimbwala will be discussing our upcoming DEI (Diversity, Equity, and Inclusion) matching fund with our partners and answering your questions!
-
August 30th (Tue.) 5 PM UTC: Join our Office Hours for Grantees on Twitter Spaces where we’ll be answering your questions live! This is the best place to get support when making or updating a grant!
New to GitcoinDAO?
Help us improve the Gitcoin Digest by interacting with this pol.is! Add your statements and vote on what others have put forward. Remember to check back regularly to vote on new statements. Thank you! 
excelsior!