Jonas 🔴✨
@JonasSFT
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Contributing to Retro Funding @Optimism
Berlin
Joined June 2013
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Presenting the IRL Goerli Faucet 💧
Come to Görlitzer Bahnhof and get your free water!
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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
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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 🌞
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If you want to dive deep into RetroPGF and where it's going, here are my favorite blog posts 🧵
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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…
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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…
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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 🌞
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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…
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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
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First they airdrop you,
then they grant you,
then they retro fund you,
And then we win.
Like Ghandi said
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You may not like it but VC funded companies can build public goods and it should be profitable for them to do so
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RetroPGF is here to reward contributors for the impact they provided to the Optimism Collective ✨
The endgame of this is a market-like dynamic for creating impact.
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5 years ago I got Ethereum pilled at the first
@ETHBerlin
. Much love to the Department of Decentralization for putting these events together ❤️
Also happening now,
@JonasSFT
of
@OptimismFND
's Retroactive Public Goods Funding is here to share what they learnt after 2 rounds and what's next.
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Make your feedback on VC funding, impact, and what qualifies as a public good, heard in the forum! 🫂
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One of the most popular requests has been for the scope of Retro Rounds to be more specific and focused.
We're now making the transition to categorized rounds ✨
This is exciting for a bunch of reasons, one of them is that it allows us to run more tailored experiments 🍳
So, what exactly does this change entail? Retro Funding will now operate through specifically targeted, and categorized rounds.
Know what impact is rewarded, and when👇
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Who‘s down for grants fuck up night? Share all the ways you fucked up in running a grants program
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I think my favorite RetroPGF applicant is
@KeccakTeam
. Receiving magic crypto tokens for work that was done ages ago must be the weirdest thing ever for them. Every round I write emails and call the team to convince them to apply. Hope to see keccak in many more rounds! ☀️
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We ship.
We embrace the mistakes and document the learnings.
We improve the design.
We repeat.
Until we summon Ether's Phoenix.
✨RetroPGF 3: Learnings & Reflections✨
Retro Funding is an ongoing experiment, where the Collective learns and iterates in each round. We gathered feedback among badgeholders, the Gov Forum, and from badgeholder community channels.
Dig in here👇
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At
@BosonProtocol
we deeply care about decentralization. We're currently solving every last bit of dCommerce problems in a decentralized, permissionless way, even the sharing of delivery information 🪄📦
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If you wonder who’s been bookmarking all your RetroPGF tweets, it’s me
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Overall agree with this feedback! The variance is too small.
Simulations have shown that other voting models (like Quadratic Voting or mean) would’ve resulted in an even more even distribution. My rough intuition is that this is actually a cognitive bias in voting.
Very over…
it's insane to me that projects with like 20 users got 100k OP and wagmi only got 200k OP
the impact of wagmi is sooooo far beyond 2X more valuable than everything else on this list
RPGF is awesome but also this results list makes me want to rage quit so bad
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@evabeylin
If you think of carbon credits as pricing negative externalities (public bads), public goods funding is pricing positive externalities.
The perception seems to be that public goods funding is a charity, where funding should go to the projects who need it the most. This is…
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Apple is shipping an Ethers’ Phoenix emoji!
New emoji coming in iOS 17.4!
Which one is your favorite?
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Public Goods Funding is a data problem! If you wanna help solve it, check out
@OSObserver
's data challenge on impact metrics ✨
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Soon™ we will have tokens backed by real-world assets.
They're called redeemable NFTs 🌞
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Awesome to see this from StockX!
@BosonProtocol
enables the same use-case in a decentralized way 👟
NFTs are on StockX.
Introducing
#StockXVault
: a digital NFT that’s backed by a physical product and stored in an official StockX facility.
Learn more:
Now, secure yours ⤵️
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Optimism is one of the biggest supporters of dev tooling and libraries, Ethereum R&D, governance research, and more.That will keep on being the case. Are these public goods? Who knows 🤷♂️
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Boson is optimistic! 🪄📦
I really like the quote from the
@optimismPBC
team "don't go to court to cash a check - only go if the check bounces". This is not only true for optimistic rollups but also for Boson's commerce settlement layer, as we're all about disputes as well 🧑⚖️
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What are you more excited about?
Bitcoin ETF
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Optimism RetroPGF 3 resut
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It don't matter how long the application window is, you guys will submit your stuff in the last 3 days no matter what. smh.
Oct 23rd is deadline. Mark you calendars 🌞
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Other blockchains have a personality cult around the founders. Not Optimism. We have a personality cult around Sunny
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Superchain will fund public goods 🤝
"As a chain, Base will commit a portion of transaction fee revenue back to an Optimism Collective treasury, furthering the vision for a sustainable future where Impact = Profit."
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@sweetman_eth
2 years ago there was no active Retro Funding programs. Now we have
- Filecoin
- Libp2p
- Base
- Farcaster
- Celo
- Pokt
And some more that I heard are coming online.
@Easyrpgf
and are underlying infra.
The Phoenix is being summoned 🐦🔥
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Leaked photo of Optimism taking Sunny down to prep the next RetroPGF round
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I’ve now been working in crypto for 5 years. Here’s what I’ve learned 🧵
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Moar Retro Funding!
💫 Announcing libp2p-rPGF-1, the first libp2p project RetroPGF Round!
libp2p is awarding $125K in OP alongside
@gitcoin
, nominations are now open!
📖Read the blog here:
✍️ Nominate projects here:
#PublicGoodsFunding
#libp2pRPGF1
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Some serious cooking going on 🍳
@billy191
&
@witjarukit
have put together the RetroPGF hub 🌞
- Dive into the history of all RetroPGF rounds
- Check out the results of RetroPGF 1 & 2
- Suggest projects that should sign up for RetroPGF (coming soon™)
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Public goods funding is cool and all but have you ever tried contacting the maintainer of a JS library to tell them that they received magic internet money and need to complete a KYC to receive it? 🥴
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Don't hate the player, hate the game!
If we create an environment where we publicly shame RetroPGF participants, where projects are afraid of applying and badgeholders are afraid of speaking their mind, then WNGMI...
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This impact = profit thing seems to be real
"If you build on Base, you will be rewarded."
@jessepollak
shared about how Base and
@Optimism
work together to reward those who build on the superchain
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What if we
- make the airdrops criteria about contributing to the network
- have the community vote on these criteria
- do that regularly
ICOs were a better system than private deals + public airdrops
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Boson Protocol's v1.1 contracts already did over 5000 txs not even 10 days after deployment 🔥
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Moar impact = profit ✨
We ❤️ The Art is a creator contest with a 1,000,000 OP prize pool judged by a number of respected figures in the onchain creative space.
Up to 181 winners with top artists getting 50K OP across 4 distinct categories (AI, 1of1s, Music, Generative) 🧵 👇
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If you’re a content creator in crypto, you should def put your content up for mint.
It will help you in tracking your impact ✨
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RetroPGF results were already released 2 days ago. Don’t know what you guys are waiting for
1/ 🌟 Exciting Update from
@openblocklabs
! 🌟 We're thrilled to unveil key insights from Round 1 of the Solana RPGF! Dive into our comprehensive retrospective and discover the milestones we've achieved! 👇🧵
Read the full story here:
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Nobody knows what it means but it's provocative
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What if I told you the red pill and the green pill are the same thing?
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First thing I did when landing in LA was to explain
@BosonProtocol
's Redeemable NFTs 📦🪄 to the US costums & immigrations officer.
Good start to
#nftla
, I guess 😅
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Your meme coin is boring af, come with us and summon ethers phoenix 🐦🔥
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Dream up the future. Build it. Repeat.
@BosonProtocol
brain trust in full effect 🧠🔥
About to go into a 3rd planning session on the
#dCommerce
Stack with the
@BosonProtocol
brain trust
I love this part of the ‘job’. Jamming on the future with big brains 🧠
Looking forward to releasing a joint paper in the coming weeks.. 📝
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If you're curious how Retro Funding sign up is evolving, check out this forum post 👇
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The dark days are gone
The bright days are here
OP’s Sunny shines so sincere 🌞
Huge news: the results of RetroPGF 2 are in! 🌞🌱
This experiment in retroactive public goods funding is driving growth of the Optimism ecosystem by allocating resources to the projects and people that have demonstrated positive impact.
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