Retroactive Public Goods Funding: 2 Rounds in
summary
Retroactive Public Goods Funding experiments dedicate sequencer revenue to reward public goods and iterate on process design: Round 1 (Oct 2021) uses $1M sequencer revenue, 21 voters, 58 projects and manual forms; Round 2 (closed Mar 2023) allocates 10M OP tokens, receives 195 project submissions and 71 voters, and finds 96% surprised to learn rewards were possible while 45% later work with expectations of future rewards. The program shifts from gut-driven judgments toward measurable impact, scaled evaluation, attestations for voter selection, and a Round 3 voting cycle in November.
AI-written summary · about
chapters (14)
- 0:00Retroactive public goods funding intro
- 1:12Legitimacy in protocol economics
- 3:42Protocol funding challenges
- 4:47Layer twos as funding labs
- 5:30Retroactive vs proactive grants
- 7:59Optimism’s funding loop
- 8:20Retroactive funding incentives
- 10:48Round one: $1M manual experiment
- 12:56Round two: 10M OP tokens & 195 projects
- 15:46Round two results
- 16:29Round three: Data-driven evaluation
- 17:54Who should join round three
- 18:35Closing remarks
- 18:56Question and answer session
related talks
18mOnchain Capital Allocation: The Next Frontier
28mDAOs and the Future of Fundraising and Collective Action
07mSpace Warp Impact Evaluators
36mEcosystem Support Program
23mWorking for Compound Protocol
01h 33mClosing Ceremony and Finalist Demos
30mCommunity Building in the Web3 Era Panel
29mOP Stack for Hypergrowth