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Presenting the IRL Goerli Faucet 💧 Come to Görlitzer Bahnhof and get your free water!- Retroactive Public Goods Funding is transitioning from broad-scoped rounds (where all contributions to Optimism are rewarded) to more narrowly scoped rounds (where a specific category of contributions is rewarded) 🧵This change comes as a direct result of r3 learnings, thread
- RetroPGF 3 applications are closed! 🥳 1600 submissions (note that there's spam in there which will be filtered out) Mark your calendars: Voting will take place in November 🌞
- My friend opened a cabinet and said that this is the “public goods cabinet” where everyone in the house shares their food. Obviously a terrible mistake. I immediately corrected him, saying that this is a commons and not a public good, as the food is excludable and rivalrous. I
- If you want to dive deep into RetroPGF and where it's going, here are my favorite blog posts 🧵
- Love to see all the critical takes on RetroPGF and where round 3 fell short! RetroPGF is an ongoing experiment where the Collective learns and iterates. The goal is not to be perfect but ship rounds that deliver value and provide learnings to radically improve everything round
- At the core of RetroPGF is the idea of impact = profit ✨ - impact is the value a contributor has created - profit is the value a contributor has extracted - the gap is the difference between the contributor's impact & profit RetroPGF is there to fill the gap 🌞
- The goal is to create an impact market, not a charity.
- In the future, there will be no more rounds and no more voting periods. Only an endless stream of public goods funding.Today I’d like to share a new mechanism that has been powering our work with @dripsnetwork. 👩💻💡👨💻 💧 Continuous Dependency Funding (CDF) is the first continuous mechanism for funding public goods, empowering protocols to to continuously allocate a % of their revenue or assets
- Metric-based voting: Instead of reviewing individual projects, express what types of impact matter via metrics! The @buidlguidl team shipped a prototype of this which allows you to vote based on a number of impact metrics, powered by @OSObserver data. 🧵Moar below
- Retro conference: you can only talk about what you shipped in the past and what you learned from it
- It’s not capitalism It’s not communism It’s Optimism ✨
