I gave a talk at Zuzalu focused on the race to the bottom. What does that mean you might ask? Well, funding for public goods is a constant BD whack-a-mole. The premise for the race to the bottom is to get as close to an always on, legitimate and bountiful source of public goods funding… the bottom of the stack - the sequencer fees.
Last week, the Public Goods Network was announced! We are so excited to have a L2 where Gitcoin can (soon) run grants rounds with low gas fees, that also has the majority of sequencer fees supporting public goods projects.
I am happy to see GitcoinDAO taking this approach and I cannot wait to make PGN chain my default chain for TXs.
I do wonder what activity levels are required to break even on deployment and maintenance costs? Would be cool to see an ultrasound money type of dashboard for this, maybe call it UltraSound Public Goods
An ambassador program to reach out to Dapps for deployment on this chain would be essential. In absence of a token, I wonder if there is another sustainable model to drive usage to the chain.
This is an impressive initiative - and already a fait accompli. Bravo!
To @jengajojo 's point… wonder if we can settle in GloDollar? Or perhaps in lieu of a token PublicGoods Network has its own stable up its sleeve?
Anyway, great work. You guys/gals are always ten steps ahead.