Gitcoin

Summary Gitcoin is the world’s largest implementer of quadratic funding. We have run 105 quadratic funding rounds, helped fund over 3,700 projects, and grown ecosystems like Uniswap, Polygon, and ENS. Yet, we aren’t currently using quadratic funding ourselves. With the recent launch of the Allo protocol, Gitcoin should be one of the first ecosystems to use the protocol to fund its shared needs.

This proposal is to pilot a series of quadratic funding rounds for rewarding efforts supporting the Gitcoin Community, specifically by Gitcoin Citizens 2. Citizens are value-aligned community members who are eager to contribute their time and skills in service of the DAO. Running these rounds will lower the barrier of entry for contributing to the DAO, determine what the community values most, and help test (dogfood) the Allo protocol.

For this we are requesting a total of $95K in GTC from the Gitcoin treasury, more details below.*

Abstract Through using our protocol and products, we’ll be able to better understand what works and what could be improved from both a funding and technology perspective.

In particular, we’ll be able to test two different approaches to quadratic funding: normal QF and retroQF. Normal QF (the kind we see in Grants Rounds) can fund both completed and planned work, while RetroQF exclusively funds work which has already had an observable impact. Because of this, RetroQF may be better at distributing funds according to the value actually created by a contribution but is not suited to situations where contributors can’t afford to wait for compensation. We will try both methods to gain information about which is better suited to the unique needs of our community.

By running different styles of rounds repeatedly and quickly, we’ll be able to gain valuable insight into how to best fund grantees, improve our products, and empower our community. We will also identify what contributions our community finds valuable so that in subsequent rounds people have more information when choosing what to work on.

Full details can be found on the governance forums listed below!