** This proposal has been edited to reflect the conversation in the comments section ** - 1:23pm MT 12/6/21
This proposal is to retroactively allocate an appropriate number of GTC tokens to Kevin Seagraves, the lead engineer and product manager for Gitcoin Grants V1. Gitcoin Grants has become core to the Gitcoin platform and a staple in the Ethereum ecosystem having distributed ~$16M to open source projects at the time of GTC creation. I was allocated and claimed ~327.778 GTC for the bounties I paid out while building out Gitcoin Grants, but I did not receive a stakeholder allocation for core contributors as mentioned in the article announcing the creation of GTC or a GMV allocation in the community airdrop for the work of actually building Gitcoin Grants.
I am the 7th leading contributor to Gitcoin by lines of code, contributing 47,747 lines for Gitcoin Grants V1. Gitcoin Grants has emerged as one of the leading products in the Gitcoin portfolio and has distrubted $22.76m in funding to open source projects at the time of writing. Gitcoin’s mission is to “Grow Open Source” and I believe my work has contributed significantly to executing on that mission.
I LOVE Gitcoin. I was one of the first contributors to Gitcoin having co-authored the original Bounties smart contracts with Kevin Owocki, reviewing Kevin’s never-released whitepaper, and reviewing the logo design and color palette back in 2017. I came back to Gitcoin and built an industry-leading product with Gitcoin Grants. I wrote the requirement for the beloved Bot Learning To Love meme. I would LOVE to have a stake and continue to contribute to the Gitcoin Community and DAO.
The Gitcoin team at DevCon 4 in Prague. I’m in the Gitcoin Tree shirt, bottom left.
This proposal can be fulfilled via a transaction from the GitcoinDAO treasury or other appropriate store of funds to captnseagraves.eth based on the calculation below.
GMV Allocation - Calculate a GMV allocation based on the funds I was paid to build Gitcoin Grants. The project was originally a bounty, but was so large in scope I was paid as a contract and not on the platform. Thus it was not calculated as part of the airdrop and I did not recieve tokens for this work done. Based on my tax returns, which I am happy to provide to select individuals if needed, I was paid a total of $29430 for my work on Gitcoin Grants. Based on the following equation and math:
Formula: GMV per user / GMV Total * GMV Allocation Percent
29430 / 22,000,000 * 10,800,000 = 14447.4545455
I feel retroactive allocation of 14447.4545455 GTC would be appropriate.
The Gitcoin ecosystem can uphold and ensure the integrity of its mission to “Grow Open Source” and appropriately reward one of its oldest and most prolific contributors. It can set a positive precedent to reward individuals who have added significant value to the ecosystem in the past and who were passed by earlier this year in the GTC creation event.
The ecosystem will empower one of its biggest supporters to continue contributing in meaningful ways.
These funds may come from the DAO Treasury rather than from the original token airdrop allocation.
This proposal consists of two votes (I would provide snapshot votes, but do not currently have enough GTC to submit a snapshot proposal):
- The first is to approve the retroactive allocation of GTC to Kevin Seagraves the lead engineer of Gitcon Grants V1:
Beyond all this token business, I am so grateful to the Gitcoin team for their friendship and everything they have enabled me to do in my career. Thanks @owocki @vivekmsignh @ceresstation @Pixelant @octavioamu @thelostone-mc @frankchen07 @austingriffith, and everyone else in the gitcoin fam, for everything. Much Love