GitcoinDAO Digest #18 2022

👋 News and Community
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Tally up the votes on Season 14 Budgets!

:email: If you would like to receive this newsletter in your inbox, sign up here!

:point_right: Key actions for this week:

  1. Vote on Tally for workstream budget proposals!
  2. If you’re a workstream contributor please fill out this quick survey for the Year-in-Review!

:fire: Hot Topics:

  • Owocki proposes a weekly Grants 2.0 progress thread to “create a drumbeat of progress” and “allow for course correction (if needed) early.” Leon quickly delivers.
    The thread highlights that dPopp is well on its way to having an MVP by GR14 and has a demo available. In addition, the Grants Hub “aims to be production-ready by July 1st when we’ll prompt projects in Gitcoin Grants to migrate over” and also has a demo available.

  • Annika’s post on GR14 Round Structure and Grants Eligibility has forty-one responses in just three days! Much of the discussion revolves around whether grants with tokens should be eligible. Several posters point out that NFTs are tokens. Connor succinctly summarizes the opposing viewpoints:

    • “Option 1: No token policy stays, but projects that want to can apply for an exception and can be approved after a review (case by case basis)
    • Option 2: Token policy is updated with some general guidelines and thresholds, but projects still are applying anyway when opening a grant and are always subject to review and approval (case by case basis)”

  • Owocki points out that GitcoinDAO’s starting conditions are different from other DAOs because it started as a corporation. While DAOs can start as a “structureless primordial soup (like yearn)” they need not so long as they “progressively decentralize over time.” One consequence of starting as a US tech company is that salary compensation is higher than other DAOs. Owocki questions if GitcoinDAO can continue to pay these rates without a model for financial sustainability.

  • Owocki outlines a vision for GitcoinDAO’s final form which starts with a clear north star of empowering “communities to build & fund their shared needs.” Our ability to do this will be expanded by Grants 2.0 which will make Gitcoin a ProtocolDAO and be built on “a highly liquid grants registry, which can be interoperable with other registries of grants.” By coordinating with other registries or DAOs, we scale our Impact Network, and “the end result is a DAO of DAOs. A densely integrated network of projects and contributors that all rise and fall together.” This is “Maximum Coordination.”

  • Elliot from Llama shares the March and April 2022 treasury report showing a treasury with over 99% GTC, roughly 8.8M tokens, worth $40.1M at time of calculation. Using today’s prices this shows a treasury balance of $23.7M

  • Sean shares a tribute in memory of GitcoinDAO’s contributor Jemimah Jones who tragically passed from complications due to sickle cell anemia. Jemimah once said of GitcoinDAO “I’ve discovered the world’s best workplace, guaranteed to make you laugh, cry (good tears), and scream to the skies that you’re the happiest person on Earth.” Sean asks “Can we become the “workplace” that Jemimah imagined we could be? Can we challenge ourselves to believe as strongly in ourselves as she did?” We miss you Jemimah.

:ballot_box: GitcoinDAO Governance Overview:

Snapshot polls GTC holders and delegates. Tally performs on-chain actions. Proposals that have on-chain steps, such as budget requests, are approved on Snapshot before moving on to Tally.

Proposal Discussions Active Proposals Latest completed proposals
FDD Season 14 Budget Request For ~$578k USD Tally Proposal for PGF Season 14 Budget Public Goods Funding WS Budget Request for S14 for $1.1MM USD Result: Yes (62%)
GR14 Round Structure & Grants Eligibility Update Tally Proposal for DAO Ops Season 14 Funding DAO Ops S14 Budget Request for $948k USD Result: Yes (90%)
Tally Proposal for MMM Season 14 Funding MMM - Season 14 budget request For $841k USD Result: Yes (73%)
Tally Proposal for Moonshot Collective Season 14 Funding Moonshot Collective S14 budget request for $450k USD Result: Yes (98%)
KERNEL S14 Budget Request for $216k USD Result: No (50%)
dCompass - Season 14 budget request For $110k USD Result: Against (95%)
MintKudos Workstream S14 Budget Request For $40k USD Result: Against (59%)

:man_mage::woman_mage: Workstream Discussion

:seedling: Public Goods Funding

  • Our post on GR14 Round Structure is now live. We propose keeping the round structure split into three components:

    • A main pool (of up to $1M),
    • Roughly ten ecosystem rounds (including one focused on Ethereum protocol devs),
    • Three cause rounds (climate, advocacy, DEI).

  • We also recommend removing the criteria that grants must not have a token in order to be eligible for funding. In doing so, we continue moving in the direction of the community answering ‘what is a public good’ through what they choose to fund. We will gather feedback in the forum, then revise, and move this proposal to Snapshot.

  • We are excited to share that we’ve secured just over $2 Million in funding for Grants Round 14 and have another $500k in outstanding, potential deals.

:rocket: Moonshot Collective

  • We recorded a demo of our dPOPP (decentralized proof of personhood passport) project!

  • We’ve begun work on researching and learning about conviction voting to explore how it could be used at Gitcoin. We are interested in increasing steward engagement and creating new mechanisms to incentivize active involvement.

  • We are expanding our community to include hackathon winners and ensure MC is the core builder community for Gitcoin

  • Episode 14 of the Green Pill Podcast hosted by Kevin Owocki is live! Special guest Ale Borda, co-author of the ImpactDAO Book, exudes regen in this discussion about what ImpactDAOs are, how to get involved with them, and why she entered the Web3 space.

:blue_heart: Fraud Detection & Defense (FDD)

  • We conducted a snapshot survey of the squads and principles of our workstream to gather consensus on what is most important to the DAO. We’ve updated our season 14 budget proposal with this feedback. We are giving stewards granular options on how much to fund us from the bare minimum needed for round execution ($223k) to the amount needed for improvement ($370k), innovation ($405k), or expansion of the workstream ($465k). The most expensive of these options is still a 17% budget reduction from our initial proposal.

  • Sirlupinwatson shares Learning Sybil Resistance (Work-In-Progress) Part.3 where he breaks down different types of sybil attacks and how to defend against them. A sybil attack occurs when “one person creates multiple identities in order to masquerade as another user or group of users.” Sybil attacks can be executed by using bot accounts, posting on multiple accounts, leaving fake reviews, and submitting fake votes. Sybil attacks can be defended against using trusted identities that a person can only have one of or by using just-in-time authentication.

:art: Merch, Memes & Marketing

  • Did you catch the Wired Magazine article about EthDenver featuring Gitcoin and Owocki?

  • We’re ramping up for GR14 and have prepared designs with a theme of “ReFi Summer.” We are also launching the beginning of our marketing campaign

  • We’re building out an awesome year-in-review for GitcoinDAO’s first birthday!

  • We’re developing our content strategy for the new season with a particular focus on the upcoming launch of Grants 2.0

:sunny: DAO Operations

  • CSDO has ratified a draft version of GitcoinDAO’s ‘Purpose and Essential Intents’. This will be shared on the forum in the coming days, for review by our stewards and community.

  • We are working to improve our main internal communication channels: discord and discourse. Our discord upgrade plan has been ratified and will be implemented in the coming week. Our discourse forum improvement project is identifying the most clear and concise categories to use.

  • We are hiring! We are still looking for a qualified Support Lead. We also just put up a new role for someone to join us as a Community Management Lead!

:date: Upcoming community events

:wave: New to GitcoinDAO?

Thanks for reading!

Previous edition

7 Likes
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:clap: :clap: :clap:

woo g2.0 progress!

now that im no longer a moonshot collective workstream lead (and may soon be more formally disaffiliating from the DAO in order to ensure more formal independence of the DAO), might be worth moving the greenpill updates to an ecosystem section?

v excited for this

and this! g2.0 all the thing!

i think its prudent for me to no longer be the “headliner” of DAO vibes. @loietaylor and i would like to center and platform all of the diverse leaders of the DAO, not myself.

thanks for writing!

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That makes sense – will remove from here and explore where the right place to fit it in could be.

I can update this for future editions.

:grinning: my pleasure (chick-fil-a hat is on)