Ethereum

1/ New article /////// "Aggregation & atomization: dependency funding round dynamics"

topics include: public goods vs dependency, impact, allocators, commons, @optimism, Retro Round 5, @protocolguild, Ethereum core protocol, @gitcoin, @octant + more

Grants = Growth 💚 Gitcoin Grants Program 💸 Gitcoin /gitcoin /passport /grants 

Do Good, Do Well. We staked 100,000 ETH to empower public good projects and our community. Planning big things in /octant | discord.gg/octant | guild.xyz/octant

a collective funding mechanism for +170 Ethereum L1 R&D maintainers 🌿 stewarding our commons infra


1/ New article /////// "Aggregation & atomization: dependency funding round dynamics"

topics include: public goods vs dependency, impact, allocators, commons, @optimism, Retro Round 5, @protocolguild, Ethereum core protocol, @gitcoin, @octant + more

https://trent.mirror.xyz/ia1sSXWw6Q_0gseWhPDpt0WbsOadCfQ-23yAxNn4sXA

(summer of) protocol {support | guild | fellowship} ☀️


political organizer → 
@protocolguild

arts and crafts → 
Stateful Works

3/ We have failed to develop standards of rigor for the use of the "public goods" term. When it applies to everything, it describes nothing.

“Dependency” is better for the Ethereum software ecosystem: crucial bits of infrastructure not directly maintained by an actor.

4/ Recurring Funding Rounds come with tradeoffs

- attention games
- eligibility scoping
- high expectations of evaluators
- atomization incentive

5/ Reflecting on OP Retro Round 5

- incentivizing atomization
- Legibility is not impact
- Stewardship is less legible - for good reason
- Misconceptions about levels of PG funding

6/ Possible modifications for rounds

- Remove caps on allocations
- Give special consideration to projects with a large number of beneficiaries
- Cap projects per round
- Explicitly weight the number of beneficiaries in the allocation formula

7/ Fin/

- suggestions have their own challenges, + come with deep @ProtocolGuild
 influence. your bias may vary =)
- observations of @Optimism, @gitcoin, @OctantApp are here only because they are in the arena, funding the good fight ❤️‍🔥

Feedback welcome, thanks for reading 🙏

2/ The term “public goods” has been diluted - “dependency” might be better. Round-based funding mechanisms incentivize atomization - how can we avoid this?

thanks to carl, cheeky, jonas, and @tim for review