This proposal, if passed, would issue a grant of 40k GTC (0.008% of the GTC treasury) to CLR.Fund, a project with a similar mission as Gitcoin (fund public goods) but with a complementary product.
CLR.Fund is another prominent Quadratic Funding project in the Ethereum ecosystem with a mission/ethos that is similar to Gitcoin. This proposal issues them a grant, which solves for the near term the funding of CLR.Fund.
Secondarily, this proposal if passed would
- Extend previous friendly contact between Kevin Owocki and Auryn MacMillian to formally affirm that Gitcoin & CLRFund are friendly projects built around similar missions.
- Change the narrative created by other competitive projects working on the same domain. That is the misguided belief that we must have sharp elbows - boxing each other out from each other’s users and demonstrate loud social media clap-backs.
- It is possible that the goodwill between the two projects could be extended into a formal integration or partnership one day - especially with the Decentralize Gitcoin workstream gaining speed.
- By pushing new tech and solutions on top of QF (such as MACI), CLR.Fund can act as a testbed/testnet for future gitcoin features and visa-versa.
Gitcoin’s mission is to build & fund the open web. Gitcoin has done that in a few ways, Ethical Ads, Hackathons, Grants, and KERNEL.
Gitcoin Grants is a prominent pillar of the Gitcoin ecosystem, and momentum from Gitcoin Grants has been extended to many similar QF projects - recently Downtown Stimulus and FundOSS were driven by the Gitcoin team. Outside of the Gitcoin team, CLRfund, RXC Voice, and Build Guild have been shipped by other teams in the ecosystem.
Similarly to CLR.Fund, Gitcoin Grants is reliant on Quadratic Funding. A mechanism for “the mathemtically optimal democratic funding of public goods.” Although QF is very powerful, there are a number of problems with QF - scaling it involves solving thorny governance problems - Sybil resistance and collusion resistance are prominent examples. The exploration of this design space is a public good to all QF projects - insofar as the learnings advance all QF projects towards their missions.
For this reason - It is our assertion that CLR.Fund’s implementation of Quadratic Funding is complementary to Gitcoin. Most notably, in the following ways.
- It is pushing forward MACI.
- It is pushing forward sybil resistance & collusion resistance.
- It is funding public goods in the Ethereum ecosystem.
- It is iterative and increasingly effectively proven itself, having run 7 rounds so far.
- Gitcoin Grants has funded CLR.Fund $33k in the past.
- The CLR.Fund has taken UI/design inspiration from Gitcoin Grants, and extended them to their decentralized QF protocol.
- Given that Gitcoin’s existing Grants product is centralized, and work to decentralize is ongoing, a partnership with CLRFund could be a fruitful way to accelerate the decentralization of Gitcoin Grants - and also to make Quadratic Funding in the Ethereum ecosystem more anti-fragile (similar to how there are many client implementations of ETH2).
This proposal if passed would transfer 40k GTC to
0xadca3cF41e2e2517F1862b3CA18E8beF561EEded - the address specified in the CLR Fund Governance Doc as the contributor funds address.
This grant is a no strings attached gesture to the CLR.Fund team. It is possible the two projects may formally work together in the future, but not a requirement for the dispersal of funds.
See “Motivation” section above.
40k GTC would be removed from the treasury.