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RetroPGF2: Insights and Reflections

Posted on by CryptoCoinstart News Report
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26
May

Why RetroPGF Exists?

  • Without public goods funding, critical blockchain infrastructure could face financial instability.
  • Projects relying on neutrality might cease without alternative funding sources.
  • The future of a decentralized web hinges on sustainable funding models.

RetroPGF Round 2 marks the Collective’s second experiment, allocating 10M OP tokens to projects supporting the OP Stack development and usage. Spanning several months, Round 2 engaged hundreds across the Optimism Collective.

The Process

  • Badgeholder Selection: Selected based on previous participation, foundation nomination, token house election, and community nomination.
  • Nominations (Jan 17 – Jan 31st): Open forum submissions detailing project impact and links to Github/Twitter.
  • Project Profile Creation (Feb 7th – Feb 21st): Detailed project profiles submitted for evaluation.
  • Voting (Mar 7th – Mar 21st): Badgeholders evaluated and voted on projects based on impact and contribution to the OP Stack.

Results and Analysis

Round 2 showed improved project diversity across Ethereum, spanning infrastructure and education. Feedback highlighted challenges in evaluating impact and scalability.

Challenges in Impact Evaluation

Badgeholders faced challenges in assessing impact due to data quality and scale. Efforts to nominate collections aimed to streamline funding distribution but faced community scrutiny.

Future Directions

  • Enhance data quality and evaluation criteria for impact.
  • Scale impact evaluation to encompass collective observations.
  • Improve voting tooling and community collaboration.

Conclusion

RetroPGF Round 2 provided valuable insights and challenges for future iterations, aiming to refine the retroactive public goods funding model within the Optimism Collective. Round 3 promises further innovation and community involvement.

Join us in shaping the future of RetroPGF. Sign up for updates and be part of this evolving economic experiment.

https://optimism.mirror.xyz/7v1DehEY3dpRcYFhqWrVNc9Qj94H2L976LKlWH1FX-8

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