It's time for Gitcoin to get profitable

[owocki]

@peth

My main criticism is that the post doesn‘t even mention $GTC, which is imo an important part of the picture for these reasons:

• Aligning the Gitcoin ecosystem
• Making Gitcoin less prone to governance attacks
• Raising morale by making long term believers whole
• Increases of treasury, free marketing & other things that come with having a token with good price action

I agree!

Copying a convo that happened 2 comments down about how this connects to GTC

@owocki

Where and how does GTC fit into this ambition?

Well, the revenue goes back to the treasury, and GTC has governance rights over the treasury. So it would follow that the revenue would increase the utility of the governance rights, at least to me.

Gitcoin Grants Lab owns GTC utility from here on out. More details here . I’m hoping theyll roll out a specific roadmap for GTC utility in the next quarter or two. An experiment in GG23 would be a good idea IMO.

Its also worth noting also

1. that there is a new GTC utility experiment going live in GG23.
2. GTC’s utility has recently been articulated as extended by it’s subdaos

@peth

As has been general practice and demonstrated by Marc of Aave as well, first comes cost-cutting, then revenue growth.

Happy to learn more about what Marc of AAVE did… got a TLDR?

FYI Gitcoin’s spend has been cut by 2/3 (from $1.2m/mo a couple years ago down to about ~$400k/mo right now). I’d defer to GL lead @meglister as to whether any more spend optimizations are feasible/necessary. Whats the most feasible way to get profitable? (1) Cut costs or (2) keep costs constant and accelerate into increased revenue? It seems that the path were on now is primarily the latter.

Disclaimer: This post is for informative purposes only and is not financial advice. This post reflects my personal views, not a decision or commitment by Gitcoin governance. Forward-looking items in it are targets, not commitments. The information in these posts is subject to change as we continue learning. This post may contain estimates, may contain errors, and is provided on a best-effort basis. DYOR, do not make any financial decisions based on these posts.