This proposal looks to finalize round structure for Grants Round 15, which will run from Sept 7-22, 2022.
In GR15, we plan to decouple platform eligibility from Main Round eligibility. This marks a key milestone as we move towards Grants 2.0 – a world in which Ecosystems have sovereignty over their own eligibility criteria, without Grants having to meet what Gitcoin deems to be “public goods”. This means that grants will now be able to be approved into Ecosystem or Cause Rounds, without necessarily having to qualify for the Main Round.
Beyond this change, we plan to run GR15 with the same structure as GR14, in light of our cGrants platform being in Maintenance Mode as we build towards Grants 2.0.
In GR14, we kept largely the same structure as we had for GR12 and GR13 – one main round, as well as Ecosystem Rounds and Cause Rounds which continued to grow in size & scope.
In GR14, we ran 14 Ecosystem Rounds and 3 Cause Rounds.
Notable new rounds included a new $500K ETH Infra round, focused on protocol devs in the Ethereum ecosystem, as well as a $145K DEI round focused on Diversity, Equity, and Inclusion in Web3. We also brought back the Crypto Advocacy round, with $400K in funding distributed focused on building support for trailblazing organizations at the forefront of good crypto policy and in defense of the open web.
In terms of QF and matching caps, we continued with a 2.5% cap on the Main Round, and – as we’d kicked off in GR13 – we continued to offer the option for Ecosystem & Cause rounds to set their own individual matching caps, allowing ecosystems themselves to test QF based on their own needs. This was a first step in starting to give ecosystems more agency over their QF implementations, as we move towards a permissionless Grants 2.0 world.
As we look towards Grants 2.0, a world wherein anyone will be able to stand up their own grants program, we want to continue to enable ecosystems to successfully run & innovate on their own rounds on top of Gitcoin, rather than Gitcoin doing this work in a centralized way.
This is largely informing the design for a change we will make in GR15, as outlined in the below proposal.
GR15, structurally speaking (assuming the DAO ratifies this proposal!), marks a significant milestone in our move to a protocol world with the Decoupling update proposed.
Decoupling & What It Means
Historically, there was no technical way to decouple platform eligibility from Main Round eligibility, meaning that every grant approved on the platform with an Ethereum payout address was automatically eligible for the Gitcoin Main Round. In practice, this also meant that all grants had to meet Main Round eligibility in order to be eligible for any round.
In GR15, the Public Goods Funding workstream seeks to remove this forced link. What this means, tactically speaking for GR15, is that grantees could be eligible for a specific Ecosystem or Cause Round, as long as they meet that round’s eligibility criteria – even if they don’t meet the Gitcoin Main Round criteria.
There will be no retroactive reviews of the thousands of grants already on the platform. The Main Round eligibility is not changing, so if a grant was approved for the platform in the past, that means it met the Main criteria and will remain in the Main Round with no further action needed. These criteria include not having raised VC funding over $500k, not having a token, not selling NFTs, being open source, not using a grant for advertising a token or NFT drop and generally being a public good.
This change only impacts new grants applicants, who previously would have been denied for the platform as whole, but now have the opportunity to be approved for specific Ecosystem/Cause rounds only. We expect this change to only impact 1-2% of grants, and only in a positive way.
Why make this change now? As we’ve experimented with many more and different types of rounds, certain themes often catered to projects that would not be approved for Main (ie. Climate Solutions projects that were tokenizing carbon credits, or Gaming/Web3 Social projects that used NFTs). This created friction where we either had to make exceptions for the Main Round, or deny the funder of an Ecosystem/Cause round from approving projects they want to support.
Decoupling starts to move us in the direction of what living in a protocol world will look like – wherein anyone can stand up any sort of round permissionlessly and customize their own criteria. This is also an initial step towards considering what the future of the Main Round should be, and marks a big step in our journey to enable permissionless funding of shared needs more broadly than just what we as Gitcoin prescribe as “public goods” based on our (imperfect) working definition.
All grants will still have to go through a platform eligibility review. Platform eligibility criteria include not being fraudulent or an impersonation, not including hateful content (racist, sexist, or otherwise hateful) and not deceiving users through malicious content that could cause hard or unintended consequences to users
Main Round Overview
The GR15 main pool will be a single matching pool fund/distribution of up to $1M in matching for the round. As in GR14, no individual grant’s matching contribution amount shall exceed 2.5% of the overall matching pool fund.
Ecosystem Rounds Overview
In GR15, we plan to run roughly fifteen Ecosystem Rounds. As in previous rounds, these are pass-through funds that are not drawn from the existing multisig balance, and once again we have a mix of new & returning ecosystem partners funding these rounds.
GR15 is shaping up to have the most returning ecosystem rounds ever. This is exciting to see because our thesis is that hosting recurring QF rounds will provide much more value to a community than doing a single one off round (see Gitcoin Aqueducts). The number of projects will grow if they can rely on consistent funding, the number of donors will grow, marketing and operations become easier, and the returns are compounding.
Returning Ecosystem Rounds likely will include: Eth Infra, Polygon, Unlock Protocol, Web3 Social, ENS, Aurora, Open Gaming, Lootverse, ZKTech, Celo, and possibly more. New rounds will likely include: a16z, Greater China Ecosystem, Cosmos, and a few more in the works!
Cause Rounds Overview
In GR15, we plan to run four Cause Rounds: a Climate Solutions Round, a Advocacy - Web3 Regulation round, a DEI Round and a new Decentralized Science (DeSci) round. As with Ecosystem Rounds, these are pass-through funds that are not drawn from the existing multisig balance.
We are excited to see the continued growth of the size and scope of these cause rounds that are at the cutting edge of innovation and impact, and bring in substantial interest beyond just the Web3 community. We hope to continue to see these Cause Ronds grow into leading examples of how Web3 can be used as a force for good in the world.
We will ask the stewards to vote on the following options:
Option 1: FOR GR15 Structure
You approve the GR15 structure as is, including the proposed decoupling of rounds.
Option 2: AGAINST GR15 Structure
You do not approve of the GR15 structure, and will be submitting an alternate proposal for consideration.
Once we have feedback on both this and any other proposals, the Public Goods Funding workstream will gather all formal proposals and submit a Snapshot vote to decide which to move forward with.
Please do not submit a snapshot vote for your proposal specifically! This just adds confusion and makes it harder for the community’s voice to be heard effectively.