[Proposal] Akita × Gitcoin: A Positive Path Forward

📜 Proposals
1

Akita × Gitcoin: A Positive Path Forward

TL;DR

Akita is entering its next era with a contract migration designed to remove structural issues and build long-term sustainability.

Gitcoin is a meaningful stakeholder in Akita due to the well known origin story of Akita’s supply being sent to Vitalik, who later donated it to Gitcoin. As we migrate to Akita v2, we are requesting a Gitcoin governance decision on how Gitcoin will handle the portion it controls.

This proposal is designed to create a reset between the two communities and a positive, aligned path forward.

Context

Akita is an Ethereum-native community token that grew rapidly last cycle and then contracted significantly over time. Multiple initiatives were attempted and funded by Akita; in hindsight, many proved structurally unsustainable.

Since end of 2025, a focused group of contributors has been rebuilding Akita:

In parallel, we are establishing Akita as an IP project: a recognizable mascot and brand system that can outlive any single market cycle.

The goal is to turn Akita into a culture layer with consistent storytelling, design, and community initiatives that embody Gitcoin’s ethos of “Fund What Matters” and represent the regenerative/regen community.

For the past ~2 months, we have prepared a migration to Akita v2.

Why A Migration?

The legacy token design created two long-term problems:

  1. Funding only through token sales:
    Development relied on selling tokens periodically, creating recurring sell pressure and misalignment with long-term holders.

  2. Operational friction from extremely high supply:
    The high nominal supply introduced technical and operational friction with exchanges and data aggregators (precision, integrations, and support overhead).

Akita v2 is structured to introduce:

  • a new optimized ERC-20 contract
  • a liquidity-efficient Uniswap v4 pool
  • fee generation to fund sustainable development
  • reduced reliance on token sales

Objective: Structural sustainability and long-term growth.

Gitcoin’s Position

Gitcoin-controlled AKITA includes:

Proposal

We request Gitcoin governance approval for the following action:

Gitcoin supports Akita v2 by contributing Gitcoin’s remaining multisig-held AKITA tokens to the Akita community migration effort, with both communities committing to a positive and aligned strategy going forward.

What this means in practice:

  • Gitcoin transfers its Gitcoin-multisig-held legacy AKITA allocation to an address designated for the migration effort.
  • This support is intended to reduce migration friction, remove uncertainty, and create a constructive foundation for a healthier relationship between the two communities going forward.

Post-Approval Commitments

A jointly coordinated reset campaign

  • Reflects on what happened over the years.
  • Highlights the positive impact created through the Akita funds and where those funds went.
  • Clarifies where things stand today between Akita and Gitcoin.
  • Sets a shared tone for 2026+ that both communities can stand behind.

Akita as a mascot and IP for regen culture and “Fund What Matters”

Akita will be positioned as a friendly, recognizable mascot for the regenerative, mission-driven side of crypto.

That means:

  • The Akita art team will produce content that makes Fund What Matters feel culturally accessible, positive, and shareable.
  • Gitcoin will have access to Akita mascot illustrations and creative assets for marketing and community communications.
  • We will launch merch featuring the Akita mascot on our new website as part of building the IP, themed around public goods, regen, and funding impact.

Proposed Actions

  1. Gitcoin confirms signing authority for the multisig and the Sablier stream.
  2. Gitcoin transfers the AKITA tokens from the multisig and Sablier stream to a designated migration address.
  3. We publish the reset campaign plan and the first content drop within an agreed timeframe.

Risks & Mitigations

  • Smart contract risk: Akita v2 is already deployed and audited by CredShields.
  • Migration execution risk: Reduced with CEX support already confirmed, including MEXC’s announcement.
  • Community and reputation risk: Mitigated by the reset campaign and concrete public deliverables outlined above.

Decision

Yes - Approve Gitcoin supporting Akita.

No - Do not approve.

Abstain - Choose not to take a position.

1 Like
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i have a nuanced perspective here. given my duty to gitcoin to do whats best for it, i dont think that gitcoin should be giving up its tokens. but i also have a realistic perspective that the tokens are only worth like $50k at the moment so its not worth spending a lot of time fighting for a financial seat at the table, and that a reset with akita could be valuable if executed correctly. i also see upside in having akita help build momentum culturally/memetically on top of gitcoins mission.

i also think that the latest akita team has engaged in good faith, and that counts for a lot to me.

tldr - voting yes would be an opportunity to reset with akita + build a memetic/cultural force together (social capital) in exchange for releasing the remaining claim of financial capital we’ve got with them. (weve already got a lot from them, and i recognize that vitalik made the decision to put them together, not akita - so its a bit of a special circumstance)

im leaning towards voting yes here

4 Likes
3

That’s a fair take. If the financial stake is small, focusing on rebuilding trust and cultural momentum with Akita could be a worthwhile reset.