Just catching up on this. Really excited to see the model & the meme slinging in one post.
Seriously inspirational and thoughtful work IMO.
Quick note - there is also a mechanism that Gitcoin has looked at called aqueduct which could also give Gitcoin exposure to the upside of projects. If you have time, it would be interesting to hear what you thought about that as an alternative approach to the token swap.
Tally example
Secondly - as you know Gitcoin is in the process of launching protocols and a Grants Stack so that all communities could fund their shared needs more easily - without permission from Gitcoin. The addition of this approach is perhaps “just a detail” in your model however I wanted to mention these ongoing discussions about how / whether to capture value such as revenues from that shift in model. IMO this might shift the curve left somewhat - potentially - as round operators like Unicef succeed and increasingly learn to run their own rounds. What do you think?