[3.1.3] [Social] Q1/Q2 2023 Funding Request: Public Goods Working Group
Abstract
The Public Goods Working Group requests funding of 250,000 USDC and 50 ETH from the ENS DAO for Q1/Q2 2023.
This funding will be used to support projects and builders as provisioned by Article III of the ENS DAO Constitution, which provides for the funding of public goods in web3.
This social proposal is submitted to satisfy the requirements set out in Rule 10.1.1 of the Working Group Rules (EP 1.8). If this proposal is passed the funding request will be included in a collective executable proposal put forward by all three Working Groups.
Specification
| USDC | ETH | $ENS | |
|---|---|---|---|
| Public Goods Multisig | 250,000 | 50 | - |
Description
Public Goods Multisig Balance
The Public Goods Working Group is requesting 250,000 USDC, 50 ETH, and 0 $ENS.
The Public Goods Working Group currently has 146,548 USDC, 75 ETH, and 200 $ENS in its multisigs.
If this funding request is approved, the Public Goods Working Group multisigs will have a total of 396,548 USDC, 125 ETH, and 200 $ENS.
| USDC | ETH | $ENS | |
|---|---|---|---|
| Carried Forward (from Q3/Q4 2022) | 146,548 | 75 | 200 |
| Requested (for Q1/Q2 2023) | 250,000 | 50 | 0 |
| Total Balance | 396,548 | 125 | 200 |
Public Goods Multisig Allocations for Q1/Q2 2023 (with funding request approved)
The table below shows the total allocations for the Public Goods Working Group multisig, and related pods, with funds carried forward from last term (Q3/Q4 2022) along with funds requested in this proposal for this term (Q1/Q2 2023).
| USDC | ETH | $ENS | |
|---|---|---|---|
| Small Grants | - | 50 | - |
| Gitcoin Grants | 100,000 | - | - |
| Rapid Grants | 50,000 | 10 | - |
| Large Grants | 200,000 | 50 | - |
| Discretionary | 46,548 | 15 | 200 |
| Total Balance | 396,548 | 125 | 200 |
Allocation of Requested Funds
The 250,000 USDC and 50 ETH will be allocated to the following initiatives/outcomes.
| USDC | ETH | $ENS | |
|---|---|---|---|
| Small Grants | - | 40 | - |
| Gitcoin Grants | 50,000 | - | - |
| Rapid Grants | 50,000 | 10 | - |
| Large Grants | 150,000 | - | - |
| Discretionary | - | - | - |
| Total Requested Funds | 250,000 | 50 | - |
Description of Initiatives/Pods
Small Grants: ETH for the top Public Goods proposals submitted to ensgrants.xyz.
Gitcoin Grants: Support for Open Source and Ethereum Infrastructure rounds by Gitcoin through their grants protocol.
Rapid Grants: Grants up to $10k each for web3 public goods.
Large Grants: Grants up to $100k each for web3 public goods.
Discretionary Funds: distributed at the discretion of stewards towards new initiatives + public goods experiments.
This proposal was prepared by Coltron.eth, lead steward of the Public Goods Working Group.
Off-Chain Vote
For
1.67M ENS100%
Against
125.7 ENS0%
Abstain
194.82 ENS0%
Timeline
Jan 25, 2023Proposal created
Jan 25, 2023Proposal vote started
Jan 30, 2023Proposal vote ended
Oct 26, 2023Proposal updated