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Proposal: Approve the pre-ratified matching fund amounts for GG22

Voting ended over 1 year agoSucceeded

We propose to set the matching funds for the Program Rounds in GG22 as follows: $1.125M total from the Gitcoin.eth multisig. This proposal is to pre-ratify the allocation of funds to expedite the process, ensuring a smooth and efficient round execution.

After the post-round review is completed, we will post the round results on the governance forum, allowing the community one week for discussion and feedback before payouts are made.

Proposed Matching Fund Allocation The proposed matching funds of $1M will be distributed across the following OSS Program Rounds:

Web3 Infrastructure Round: $300k dApps & Apps: $300k Developer Tooling & Libraries: $300k Hackathon Alumni: $100k The proposed matching funds of $125k will be distributed across the following Community Rounds:

BioFi Pathfinders 1 - $20k Ma Earth Grants Round 2 - $20k ENS Ecosystem 1 - $20k Allo Builders Advancement Round - $20k Growing the Public Gardens - $20k Youth in Need - $12.5k Regen Citizen Round 1 - $12.5k These amounts will be covered by funds raised prior to the round’s conclusion. Fundraising efforts are ongoing, and we encourage community participation to support these rounds.

If you or your organization would like to discuss potential partnerships or have ideas for collaboration, please feel free to reach out in the comments below or contact us directly on Telegram.

Thoughts for Discussion

Due to the market conditions, how can we best mitigate the effects of the bear market on our fundraising efforts? Are there alternative strategies or partnerships we should consider?

What more can we do to involve the community in fundraising and governance?

What measures can we take to ensure the sustainability of the matching funds for future rounds?

Proposal for Community Vote We request the community to vote on the following options:

Yes, approve the pre-ratified matching fund amounts from the multisig for GG22, totaling $1.125M. No, follow the traditional process of ratification after the round. Abstain Please share your thoughts and vote in the comments below. Your participation in this decision-making process is vital to the success of GG22 and future rounds.

Thank you for your continued support and participation in Gitcoin Grants governance.

Off-Chain Vote

Yes, Approve matching funds
2.89M GTC96.6%
No.
323.26 GTC0%
Abstain
101.13K GTC3.4%
Quorum:120%
Download mobile app to vote

Discussion

GitcoinProposal: Approve the pre-ratified matching fund amounts for GG22

Timeline

Oct 17, 2024Proposal created
Oct 17, 2024Proposal vote started
Oct 24, 2024Proposal vote ended
Oct 24, 2024Proposal updated