Gitcoin Monthly Meeting - March 2025

🧙 🧙‍♀️ Ideas and Open Discussion
2

Quarterly Gitcoin Steward Call 3/17/2025

We had a call today with top stewards by voting ( Tally | Gitcoin ) power to discuss the prospects for GTC and each of its side-daos.

Disclaimer: This is for informative purposes only and is not financial advice. DYOR, do not make any financial decisions based on this. All numbers in this model are best knowledge of the people who were there, always refer to the onchain data for current numbers with 100% accuracy. Do not make any financial decisions based on these numbers or post, DYOR!

Product Demo Updates

  • Ed presented three product demos:
    • Retrofunding product for GG23 ($600k allocation)
      • Metrics-based approach vs project-based
      • Admin panel with program/round management
      • Embedded Checkr AI review tool
    • GTC Staking experiment
      • Will launch with QF voting
      • Projects with most GTC staked get higher ranking
      • Staking on Ethereum mainnet due to liquidity
      • Duration matches round length
      • Stakers earn rewards based on matching pool ratio
    • Contest allocation tools
      • Built for Luxo and Polygon
      • Leaderboard-style competition format
      • Tracks metric deltas over 3-4 week periods

Financial Status & Treasury

  • Current Treasury Position:
    • Current Treasury @ $7.4M ($5M in stables)
    • Add’l funds bring that to $10,922,739.52 (treasury div & csdo - $1.2M Stables )
    • With further org funding needed in 2025 @ $3.3M, will result in ~2 years of runway
    • Does not include revenue from GL in these calcs - projected @$2M, current @ $260K
  • Planned Actions:
    • Moving assets to Zodiac wallet
    • Implementing DeFi strategies
    • Cash flow
      • Drawing down $1.5M for Grants Lab in June 2025
      • Additional $2.3M drawdown in December 2025
  • Two-year runway projection (assuming current market prices + revenue)

Grants Lab Revenue & Strategy

  • Revenue Progress:
    • $267k booked YTD (exceeding all of previous year)
    • Potential $200k deal with REDACTED pending contract
    • Q1 target: $500k ($470k projected with REDACTED deal)
    • Q2 pipeline currently at ~50% of target
  • Service Fees:
    • Programs range from $250k to multi-million dollar rounds
    • Take rate typically 10% of program value
    • Focus on direct grants during market downturn

GG23 Program Updates

  • Multi-mechanism approach launched:
    • $1.2M total matching pool
    • Split equally between QF ($600k) and retro ($600k)
  • Retro round focuses on top 30 GG builders from GG18-GG22
    • Only one opt-out received
    • Strong positive sentiment from builders
  • Record number of community round applications
  • Operating with lean team (2.5 people)
  • Exploring further community round decentralization

Strategic Considerations

  • Portfolio valuation estimate: $25M present value
    • GG program: $11M treasury (100% realization)
    • Various sub-projects with different realization probabilities
  • Market FDV: $36M
  • Key Challenges:
    • Treasury management vs native token preservation
    • Revenue sustainability
    • Market cycle impact on grants mechanisms
    • Technical limitations for non-EVM chains
    • Resource optimization for community rounds

Disclaimer

Disclaimer: This is for informative purposes only and is not financial advice. DYOR, do not make any financial decisions based on this. All numbers in this model are best knowledge of the people who were there, always refer to the onchain data for current numbers with 100% accuracy. Do not make any financial decisions based on these numbers or post, DYOR!

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