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Gitcoin 3.0
Recorded: April 30, 2025 Duration: 1:00:24Space Recording
Short Summary
Gitcoin is embarking on a transformative journey with the launch of Gitcoin 3.0, focusing on enhancing its Grants program and fostering community engagement. The recent wind down of Grant's Lab signals a strategic shift towards decentralized funding mechanisms, ensuring continued support for public goods within the Ethereum ecosystem.
Full Transcription
Thank you. Thank you. Thank you. Thank you. GM GM everyone just waiting for a few more people to join and I'm figuring out
some technical difficulties that I'm having we'll get the space started as
soon as we have our other speakers on stage with us hang tight Thank you. JMJ, can you give...
Okay, I don't think this is going to work.
Okay, I am not going to figure out what I wanted to do.
So we're just going to get this started. We are still waiting for
a walkie. Can you give me a thumbs up if you can hear me? Can anyone hear me? No?
okay I got some thumbs up okay that's great um so we're having some issues with Rina joining
as well as uh we're waiting for Iwaki to join as well um So we're hoping to, yeah, Reena, can you, okay, there, Reena has disappeared.
Oh, this is a wonderful start to my day. The never-ending Twitter issues, Twitter space issues.
Sorry, everyone, we're going to get this started in just a moment. We will get going. So
we're going to be chatting about GetCoin 3.0 today. So we're going to be covering a couple
of things, just recapping the recent announcement that was posted end of last week, as well as having a look at the future of what is to come with the Getcoin Grants program as well.
And this is supposed to be an open discussion. So if you are interested in joining the discussion, sharing your thoughts, as well as asking any questions, please request to speak. If you don't want to come on stage, the chat is also open.
So if anyone wants to ask any questions or just drop thoughts,
please pop it into the chat.
This is not meant to be, you know, us just speaking at all of you.
We really want this to be an open discussion with the public and with the community.
this to be an open discussion with the public and with the community. So we also just posted
a few posts to the forum that I'm going to be sharing in the chat and that I will also
pin to the Jumbotron. Cool. Why don't we get started? My name is Matilda. You'll see my
PFP. I was trying to speak from my own account, but unfortunately, the technical difficulties are not allowing me to do that today.
But my name is Matilda. I am the grants program lead here at Gitcoin.
I am going to hand it over to Delta Juliet Rina next, just to give a quick intro and then we can get started.
Thanks, Matilda. Can you hear me OK?
Yes, I can. Okay, fantastic. I think there's a tiny bit of a delay, so I'll see if I can fix that. GM GM, everybody. I am Delta Juliet,
Rena O'Brien, Executive Director at Gitcoin, and working alongside Matilda with the Gitcoin and working alongside Matilda with the Gitcoin Grants Program.
Waki, over to you.
Waki, are you with us? Maybe not.
Alrighty, well, while we wait for Awoki to come online,
why don't we start with just going over the wind down of Grand Slab.
I'm going to throw this one over to you, Rina.
Can anyone hear me?
Hey, I think I was having a tech glitch, but I'm back now.
Okay, cool.
Yeah, we'd love you to just do a quick intro, say hello, and then we'll get started on the
agenda.
Hey, I'm Kevin Iwaki.
I'm one of the original co-founders of Gitcoin, and I'm excited to talk about the next chapter
of Gitcoin, where we've been, where we're going, what the next chapter of Gitcoin,
where we've been, where we're going,
what the next five years looks like.
Let's get into it.
Alrighty.
Rina, are you with us?
Can you hear me?
Okay. It seems like we're having a lot of technical difficulties here today.
Rina will be coming back shortly.
So, yeah, we'd love to get, I'm going to get her on stage again.
Rina, are you back?
I am.
Okay. I love the internet it loves me Spain yeah for everybody wondering
I'm here in Spain um and we're still not fully back up to speed it would seem
all righty well um perfect time for you to come back on stage so I want to before we look into
the future why don't we discuss the announcement of the wind down of Grant's Lab that was announced on Friday.
And again, I will be posting all these posts.
If you haven't gotten up to speed on the forum or these announcements, I will be posting
them in the chat and pinning them.
But yeah, Reena, over to you.
Thanks, Mets.
Yeah, so for those who have read through the post, a little bit more context.
This decision did not come lightly.
It did not come swiftly.
It might have been a little overdue if I'm being honest.
But it was something that I wanted to give ultimate care to and figure out how we can best support our people, the community, Gitcoin's legacy,
and then, of course, where we go moving forward.
And so myself and Owaki and Meg, who's leader of the business unit,
had started this discussion a while back trying to make sure that we were doing right by all three of those things. And as the market continued to market, and we saw the work that
was getting put into all the amazing things that we've been creating at GrantStack, we tried to
figure out which way the ship should be steering, for lack of a better term, or at the very least
being guided. And at the end of the day, coming to the decision that the program itself is really the ethos of Gitcoin and where we were facing bets for the technology side of it and what we were looking for for revenue was just something that we would.
That bet itself wasn't strong enough to ensure that I could take care of the community and the legacy and then the people that had built everything at the same time, which is what brought us to the decision that was announced last week.
We don't come by it lightly.
I'm not going to do the whole, like, we're not a family.
Y'all do not need to be my family and you can tell me to F off.
But big love to all the work that everybody has put into the grants technology over the last few years. And I think just the grace that
everyone's handled everything and the support the affected contributors have been giving has been
just phenomenal. So really, really appreciate it. And all y'all. So anything else I should touch on, Matilda or Iwaki?
I don't think so.
Is there anything that you wanted to add to that, Iwaki,
before we go into what the next chapter is going to look like?
I really appreciate everyone who contributed to Gitcoin in the 1.0 and 2.0 days. And I know that it hasn't been an
easy ride. Um, for any of us, it hasn't been an easy ride for me. And I just, uh, want to say
thank you to the people who poured their hearts and souls into get coin and earnestly were trying
to make it work. Um, I think that, uh, it's been, it's been painful in the last few weeks to sort of come to grips with where we are in the market and where the market is going and to say goodbye to some friends.
And I'm excited about Boldly going into the future and turning this corner, but I just want to recognize the amazing work that's gone into Gitcoin so far.
the amazing work that's gone into GetCoin so far.
Thank you, everyone.
Yeah, thank you so much for that sentiment as well, Iwaki.
Definitely has not been an easy time.
These shifts are never easy.
But that brings us to the next point,
which I know a lot of the community,
since we announced the announcements,
a lot of people have reached out.
And I've just been overwhelmed by the support as well from the community through this transition.
So thank you, you know, for everyone for your support and, you know, following us along on this journey.
One of the things as well is that what's next, you know, because we're doubling down on the Gitcoin Grants program.
And for those of you
who were wondering, no, Gigi is not going anywhere. In fact, we are doubling down on it. So it's going
to look a little different, but it is, we are still really committed to funding public goods within Ethereum.
And it's going to look a little, like I said,
it's going to look a little different as well.
So we just wrapped up.
We are actually busy wrapping up GG23.
So we're kind of in this transition as we're wrapping up GG23,
which is our latest round.
It's the first round that we went into a multi-mechanism structure as
well we are probably going to be do finalizing the round and doing all the payouts by the end of next
week but that being said we are still going to iterate and we're still going to take a retrospective
of this round see what worked see what't, and that will still continue to
inform the next round in GG24. So a lot of people have asked, well, what's happening? You know,
because Grandstack, which is the software that the program has run on for the past few years,
will also be sunsetting. We're going to get into a little bit of that as well, and exactly what
that is going to look like.
But kind of at a high level, just wanted to let everyone know that we have just,
Awoki and I posted some posts on the forum about what the structure could look like moving forward.
Really, this is an open discussion with the community.
We want to build this out with you.
We want to build this out with you.
Definitely expect a lot more community-led spaces to drive us and to guide us into this future, this next chapter, what we're calling Gitcoin 3.0.
GG24 will happen as planned.
It is going to be pushed back slightly.
So it's going to happen a little bit later in the year to give us some more time.
But in between then, we are planning
on activating the community and activating our builders
through a bunch of different activations, so to speak,
or contests.
So we're going to get everyone to build this with us,
to iterate with us, kind of like I mentioned as well.
So from a Gigi point of view, high level,
that is what we're
looking at right now. The structure of the program is also going to shift a little bit. But before we
get into that, maybe I will throw it over to you, Awaki, to kind of, can you give us a rundown of
kind of like the evolution that Gitcoin has gone through.
You know, you call it Gitcoin 1.0, 2.0, and now it's 3.0.
And yeah, I know you've got this composting 2.0 metaphor as well.
Would you like to just guide us through there in your thinking there?
Yeah, happy to.
So I think that Gitcoin's always had a mission or north star around funding open
source software and that's evolved into different forms we've stated it as uh growing open source
in the early days and then we evolved it into build and fund public goods and then uh and then
lately we've been saying the mission is fund what matters. And so I've always been proud that Gitcoin's mission has...
We've always been oriented towards the mission.
We've refined the articulation of it over time.
But it's always been about sort of funding what matters.
And originally, what matters to Gitcoin was open source software.
And so we've always been dogmatic about that mission,
but I think we've been very pragmatic about how we approach that mission.
And the early days of Gitcoin, when I first launched it in 2017,
it was a bounty platform and we explored bounties and hackathons and NFTs.
and hackathons and NFTs. And we even had an ad network for a couple of years. And in 2020,
And we even had an ad network for a couple of years.
we landed on grants and quadratic funding and sort of just have always been evolving the tactics
that we try to reach our mission of funding what matters and funding open source. And that's been
a constant evolution in the products and the tactics that we use.
And very reductionously, I think that you can say that there's three eras of Gitcoin.
The Gitcoin 1.0 era was a centralized company that was exploring this design space.
The Gitcoin 2.0 era from 2021 to 2025 was all about quadratic funding and trying to turn that centralized
platform into a decentralized protocol that did quadratic funding. And the next era,
Gitcoin 3.0, I think that we're sort of hitting the reset button and are setting up for the next
cycle 2025 to 2030. And so I see a lot of ongoing evolution with how Gitcoin has approached the problems in
market set that it's positioned to be solved.
And the Ethereum space moves so fast and technology moves so fast that I think that a repositioning
for this era is definitely necessary.
And I appreciate everyone who supported us along the way to get
here, but the evolution and the journey certainly isn't over and excited to learn from Gitcoin 2.0
to compost all of the different lessons and structures that we tried, but didn't work and
to break those down and use them as nutrients for the 3.0 era.
There's a post on the Gitcoin governance forum where I've invited everyone
to take what you've learned and if you feel comfortable sharing it on the governance forum,
check out that composting Gitcoin 2.0 post because I think that there's a lot of great
lessons that we've learned over the last couple of years and they're going to inform the journey
going forward uh i
think that about covers it back to you matilda yeah so why don't we why don't we talk about the
future why don't we talk about what get coin 3.0 um what we see that look look like um you know i
i pinned the two posts that awaki and i posted to the forum this morning. It is a high-level overview of, you know, the strategy and the future that we see,
not only with where Gitcoin is going, but, you know, the overall kind of like,
what is it going to mean for our community, for our builders,
for anyone who's engaging with us from if you're a round operator running rounds,
if you're a software builder, if you're,
yeah, so there's a lot of opportunity here. Why don't you give us an overview, Awoki,
and then I can like just jump in where it makes sense. Yeah.
Great. So I think that we're still figuring it out is the answer. And I'm about to tell you what I think it should be. But I just want to say that, you know, I'm happy to be a sense maker and to try to channel intelligence to the network to the best of my ability.
But Gitcoin still is a DAO.
And so none of this is official until it's ratified by governance.
And we do still use Gitcoin GTC governance in the Gov Forum is where that happens.
But in order to make it legible and accessible to people, we're doing these Twitter spaces to sort of like explain the design tradeoffs to anyone.
Anyway, that preamble aside, my vision for Gitcoin 3.0 is to make it into a funding festival for Ethereum's biggest problems.
I think in very broad strokes, the Gitcoin treasury, there's $11 million in the matching pool, which will be allocated to Ethereum's biggest problems, what we call public goods.
And then there's $11 million in the Dow.
That's a combination of ETH, GTC, and stables.
And so I think that Gitcoin has, it's not an endowment in the traditional sense,
but there is like a financial endowment here that I think is interesting that we can spend on Ethereum's biggest problems.
And I think there's a lot of problems in Ethereum right now.
There's UX, there's fragmentation, there's how are we going to solve the adoption problem?
And, you know, I know there's other smart entities that are working on that.
And I think that Gitcoin can complement the sort of like organizational hierarchy of the Ethereum Foundation,
the sort of like organizational hierarchy of the Ethereum Foundation,
the sort of like technocratic genius that comes out of the Ethereum Foundation
with a more networked, focused structure for solving,
identifying and solving Ethereum's biggest problems.
And so, you know, I'm really network-filled these days.
And so what are the ways in which we can channel the networks of Ethereum communities to solve app adoption and UX and other problems that if we just allocate, and solving Ethereum's biggest problems using network-based collective intelligence and sense making?
And so I'm really excited about this vision of helping Ethereum.
Ethereum has helped us.
We are born of Ethereum and we are by buying for the Ethereum community. And I think that for this next arc,
really focusing on accelerating Ethereum and helping it win against more centralized all
layer ones is where I would like to go. And so I see there basically being a cycle where every
GG round we do sense making, we identify the biggest problems, and then we make those into
domains of which there
will be funding amounts that are allocated to them. I could imagine in GG24, we'd have 400K
for OSS builders to support them, 200K for improving the UX of Ethereum, 200K for reducing
fragmentation, and 300K for accelerating adoption. And then once we have those domains set aside,
we can have people bid on those domains in order to allocate funding. And it's up to the people who are bidding to say,
oh, we want to do quadratic funding or retro funding or deep funding or mechanism X that's
never been, you know, even invented before. So, you know, I think that going through this cycle
of sensemaking and then setting aside these domains and then doing proposals and then
executing and then learning. We're basically going to enter this cycle in which we're iterating
towards solving Ethereum's biggest problems by going through this loop of traversing the design
space of these biggest problems and figuring out how to allocate capital against them. And I'm
really excited about a world where there's no one party that has a monopoly on how we allocate the capital. I think competition
creates better allocation and much love to Grants Lab and its predecessors. But I think that there
was no competitive pressure to explore things outside of what Grants Lab could do. And Grants
Lab did many things right. And I think there's many things that it was not able to do. But by
bringing to bear a network-based structure where these teams are competing to allocate against each other, I think we're going to have a more pluralistic exploration of the design space and be able to channel more network intelligence towards Ethereum's biggest problems.
is that we're going to solve Ethereum's biggest problems
and we're going to bootstrap a network of people
who are building capital allocation software
that solve problems in a network-first way.
And this is going to be a core strength of Ethereum.
No other blockchain has the ability to solve public goods problems
and network intelligence problems in a pluralistic way,
the way that Ethereum does.
And I think that that's going to set us up
for the last pillar of my vision, which is financial longevity.
So basically figuring out how do we raise more money for the funding pools?
There was this dynamic in GG23 where we had matching on matching on matching, where I think the total amount for GG23 was like 1.2 million.
But Gitcoin's treasury only put up like half of that.
It was like Celo and like other partners that were
allocating to the matching pool. And so if we can create this fulcrum where funding compounds on
funding, we're going to increase the longevity of Gitcoin and bring to bear more people who are
helping to solve Ethereum's ongoing problems. And so raising more money for the matching pool,
ongoing treasury management, having a very low burn and uh
maybe eventually we'll we'll start making strides where we gain upside in in things in the ethereum
ecosystem or add more gtc utility from there and that's the final component of the vision so anyway
that's uh that's maybe like three minutes on on where i think that we should go again this is
just my opinion it's up to governance to ratify any of these changes.
And if you want to learn more about my vision,
just click my profile and check the most recent article
I've composed on Twitter,
which is entitled My Vision for Gitcoin 3.0,
a funding festival for Ethereum's biggest problems.
So if you check out that article,
that's the way I think we should go.
Anything that brings up for you, Matilda, let me me know i'm also happy to answer questions from the audience
yeah thank you um and just to circle back um gitcoin did put in the matching pool did put in
1.2 into gg23 anything over and beyond that was matched by external parties.
Oh, my mistake.
Okay.
Yeah, no worries.
Yeah, this is super exciting.
And I think it is a really powerful moment, you know, for us to do a really big reset. We kind of started this momentum already with GG23, you know, like at the end of last year,
more ready with GG23. You know, like at the end of last year, we looked at the program.
we looked at the program.
I started doing a lot of research within the community as well as talking to a lot of builders
and just finding out, you know, I'm really looking at the builder level as well.
So really going to the builders that are solving a lot of these problems already and figuring out what they need and what the best
way and what the best way is to support them in a more valuable way. Because what we realize,
specifically if we're talking about mechanisms, what we realized is that, yes, we pioneered
quadratic funding and we've ran 23 quadratic funding rounds now, but it isn't a one-size-fits-all mechanism
so that's the reason why we moved into this multi-mechanism approach in gg23 where we also
introduced retro funding for more mature builders and for our more decentralized part of our program
the community rounds we really told them the sky's the limit you know in the past we used to have
this rule or this eligibility criteria that anyone
wanting to run a community round needed to run it on our tech stack. But we scrapped that for GG23,
and we saw so many experiments coming through because something that is really important to me
is that if we are going to be empowering other round operators in the ecosystem to fund what matters most to them
and within their ecosystem, we need to give them the autonomy to figure out how exactly they want
to do that. It shouldn't be up to us to dictate, you need to run this on quadratic funding, etc,
etc. I was in DMs with a few round operators that asked me about this. And I was like, listen,
I was in DMs with a few round operators that asked me about this.
And I was like, listen, choose, run it the way that makes the most amount of sense to fund what you're trying to fund.
And that's what I'm really excited about with this next iteration is that we're really going to, we're really thinking out of the box now. And I've always, I've been saying it since I think GG22, or maybe earlier, but I
have always been wanting to see the program move into a more categorical structure where we are
funding very specific categories, for instance, within OSS. And we're becoming a lot more tactical
and a lot more specific with what we're funding.
So that's what I'm really excited about.
You know, the sense making that you mentioned, Awaki, if I also have a post on the forum, and it has a bit more, a bit of like the tactical things that is going to happen leading up to
GG24, as well as like what this, you know, the cycle could look like.
And that sensemaking piece is really exciting because this is going to give us another step
to sensemake within the community and within the ecosystem with everyone to figure out, okay,
what are the categories that we should fund in the next round? And this is way more community-led.
It's not us doing like a top
down decision making process. We're really taking the community along with us. So I'm very excited
about that. Exactly what this is going to look like. It's going to, we're going to start rolling
out like more tactical things over the next few weeks, but we really want to get a sense of where
the community is also sitting at. So if you have comments, if you've got ideas, if you've got pushback,
if you've got anything to share, please go to the forum and drop your thoughts there.
Our DMs are also open as well.
Feel free to also request to speak on the stage in the space
or just drop your questions in the comments as well.
So there's a lot going on and
there's a lot of big changes that are being suggested and proposed, but I believe that this
is a really powerful shift within the program. I have been wanting to see a kind of a shift like
this for a while, especially what I mentioned, you know, on getting more specific about the categories that we fund at any given time.
So, yeah, I'm curious, Reena, what I'm going to throw it back over to you.
You know, what are you excited about looking forward?
And is there anything that we didn't touch on that we probably should have touched on?
Thanks, Matilda.
Yeah, there's a couple of things that I think are important for the community to
know as we're coming together and working through what the program is and what it could be and where
we're going. One thing that we do tend to get a little myopic on is focusing on the next round
versus the round 10 years from now.
Maybe not that far.
I don't think it's prudent to think that far
in the future in this industry,
but thinking about the program and how it grows,
nurturing it the same way that you would a kid, right?
Like, hey, this is gonna be the next iteration
of what we're doing, but what do we do for GG25?
And how could those fit in with each other
without over-processing it?
I love saying that word.
And the other one is, I guess, just to kind of touch on exactly what you and Iwaki have just said.
I think that some of the strengths that lie within what we've had at Gitcoin is that desire and that love to innovate, as well as trying to figure out a structure.
Do we go a little far?
I think Rohit had actually posted this on the forum.
Have we gone a little bit too ambidextrous
in both of these ways?
Yes.
Is it in my blood as a former chief of staff
to try and figure out what the common ground is for everyone?
Absolutely.
And I think that there's a world in which
the cathedral and the bazaar are working in conjunction and being the, Awaki's word, shelling point for some of these problems, I think is really important.
But just like a bazaar out in the real world would actually have some structure and ways that we can do it so that people can way find and people can find the cathedral and the bazaar is important as well.
can find the cathedral and the bazaar is important as well. And so there's that. And I think that
there's also the version that sometimes worries me, which is if you've heard me talk or soapbox,
maybe around the fire pit, many hands definitely make light work, but they also make a ton of
naval gazers. And having a whole bunch of conversations circling around some
of the ways that we should be going does not necessarily mean that we're going to be going
in the right direction. And so I think that there's some work to be done there and some
ways that we can sense make in order to drive the program as well as Gitcoin well into the future
to continue being one of the longest running grants, public goods funding,
and maybe one day like one of the best funded ones I think is really important. And that's
what I'm really excited about. I think there's a ton of opportunity here. I don't necessarily
know if I agree that it's specifically like open source software or solving problems in the
Ethereum ecosystem, because I don't think that those are always going to be the biggest problems.
But I could be wrong.
You know, like we have over the years evolved from,
we don't have climate rounds anymore.
That's kind of a huge fucking problem.
But is it one that we want to solve?
And we decided, no, it wasn't.
But I don't know if that's going to come back on the menu in the future.
And so figuring out ways that the community can contribute
without having the loudest voices drive the ship or steer us towards where we're going, but having
everybody contribute and help us be at the front of the sense making, I think is really important.
And some of the ways that we've been ideating how to do that with the community is going to be
really cool too. Back to you, Matilda.
Yeah, thanks for that. Yeah, I also believe, you know, we've kind of discussed this already a little bit, but that sense making that we're talking about, you know, that framework, I think,
is going to be pretty important to, you know, to establish that, you know, that we'll be using for every round.
And I'm excited to start building that out and see what that's going to look like.
And yeah, 100%, I agree with you.
You know, we need to not look just at the next round.
I think that was historically what we did for a really long time.
You know, just let's just do what we do because
it's what we've always done um but really starting to look a little bit further into the future for
sure and it's you know yeah we can't we might not be able to look 10 years into the future but
we can definitely think about okay well if we're moving into this direction now, where do we want
to be in 2026 or 2027? And totally, yeah. And the longevity and the sustainability of the program
is always top of mind for me as well. And that's, that's a really big piece, you know, there's a lot
of pieces to this. Like Awaki also mentioned, you know, we're still figuring it out. And, you know, but the I'm excited about the future. And I think there's still some things that we we will be figuring out. And that's that's what we're here for as well. To continue serving our community to continue funding the builders and yeah, just to continue doing what we're doing just in really
new and innovative ways. I remember when we, you know, when we first broached the multi-mechanism
approach, we had a lot of people, you know, there was a little bit of backlash around that, like,
oh, it's going to be too complicated, it's going to gonna be too much but it really was time to evolve the program in a really big way and we're in another era of that right now you know it is
it's time to like rethink how we do things um so yeah i'm i'm curious to walkie if there's anything
else that has um that has uh come to mind for you through this discussion?
I think for me, I'm, I'm focused on the path between here and GG24. Uh, so, I mean, that's
the direction I'd love to talk about next. Is that okay, Matilda? Yeah, definitely. Yeah. So, I mean, I think that GG24, if I recall, is scheduled for late summer, early fall. And I think that that might be a moving target as we figure out exactly what are Ethereum's biggest problems and what are the ones that we want to see domains allocated to solve against those problems. But I'll tell you where I'm
focused. And that's on figuring out exactly what are Ethereum's biggest problems and how can on-chain
capital allocation start to identify and sense make and solve against them. So I have my own personal opinions,
and I can put them into the arena. But first, I think we sort of have to define the arena
of what are these problems? And how do we sense make as a community around what they are? And
then how do we cohere around what they're going to be. So creating that sort of arena where we discuss with leaders in the Ethereum community,
what are the biggest problems and what are the pilots that we want to run?
I think it's going to be a conversation with people like Devange,
with people that are leaders at the Ethereum Foundation,
with Carl Cravone from OSO and Jonas from RetroFunding.
I'm sort of name dropping a little bit here,
but it's to give you an idea of the type of constituents
that I think that we should really be in dialogue with.
And I envision that in the next couple months,
we're going to cohere around a couple different domains.
Let's say they're OSS funding and app layer adoption. And maybe we find some
way that we can add value to the reduction of fragmentation or something like that.
I'm not convinced that Bitcoin can add a lot of value there, but I do think it's one of
Ethereum's biggest problems. Maybe Espresso systems and Justin Drake with his vision for
base rollup is better equipped to solve that,
but we can help around the edges by in some network based way. I'm not exactly sure, but
I'm imagining in two or three months, we're going to decide what the domains are for GD24.
And I think that I imagine that we will, that we'll be going to the Ethereum community and saying,
hey, there's 500k for open source software. There's 300k for app layer adoption. There's 300k for Ethereum localism slash like
adoption. And then basically what we start to do is we accept applications from round operators who
want to do either quadratic funding or deep funding or retro funding or intense based funding
or deep governance. You know. There's a bunch of different
ways that we can allocate capital against these needs. And I think that in a couple months,
we'll start accepting proposals against how we can solve these problems together.
And a couple months after that, we'll actually execute GG24, and we will do it imperfectly,
but it will happen, and we will learn from that. And then we will begin iterating and solving for those learnings in GG25, which I'm assuming
will be in like Q1 of next year.
So that's what I think the path is between now and GG24.
And my first priority is making sure that we cohere and sensemake around what those
is making sure that we cohere and sense make around what those problems are.
problems are.
And then I'm here to support if, you know, for like, I would really love it if someone stepped
up and like, assuming we do a quadratic funding platform again, which by the way, that's like,
that's up to, that's up to the GTC stewards to decide or not. Like, I would love to see other
people step up and build a QF platform that replaces GrantStack that's oriented around 2025 style UX and needs in the community.
But if no one steps up, I kind of feel like I'm holding the bag to help put that together, to orchestrate it or to put together a team.
So I think that there's a role that we can play.
And if there's anything that's falling through the cracks, we can catch it. But my first priority would be to find and empower another team. So, you know, I think that like, there's a role that we can play. And if there's anything
that's falling through the cracks, we can catch it. But my first priority would be to find and
empower another team that that wants to do that kind of stuff. So I know that's a little bit of
a meandering thought on how we get from now to GG24. Matilda, I think you're as close to this
as me. What's your reaction to that? And anything that you want to accent or emphasize of anything I said or push back on also, let me know.
Yeah, I think what I envision as well, you know, for sure, you know, we need to start that sensemaking.
That is definitely going to be part of the flow that gets us to GG24.
that is definitely going to be part of the flow that gets us to GG24.
The other piece as well that you can read in my forum post as well is kind of thinking around how we can get the community to build a lot of these features with us.
What exactly that's going to look like and what we're going to need specifically is still TBD.
specifically is still TBD. You know, there's some ideas that I've thrown out onto the forum,
but I would love to see some sort of like GG design contests. So for instance, I've always
been really bullish on bringing in maybe some more AI agents into the program to automate things more
where we can. So that could be a contest. And just bringing the community in to test things with us
until we get to gg24 um my my concern of course is that there's there's going to be a bigger gap
between gg23 and gg24 which is going to mean that it's a bigger gap with funding so i'm trying to
how i'm trying to look at this and I'm trying to view this is like,
okay, well, we need to we're in like a really big shift right now. And we're rebuilding.
But how can we still fund and engage and like bring our builders along with us, you know,
without I don't want it to be a case of like, well, okay, check back in a few months, you know,
like, no, let's do this. Let's in a few months you know like no let's do
this let's do this together you know and that's why I'm quite bullish on having some sort of gg
contest uh design contest or something whatever we're going to call it however it's going to look
but that's kind of what I'm thinking of there as well and um yeah I would I would say that
you know we said this with gg23 as well every time we do a really big shift and we,
you know, we flip things on its head a little bit, it's never going to be perfect. But yeah,
I'm really excited also to just take the learnings that we got from GG23 to also inform
the next round in GG24. Of course, GG24 is going to look really different to GG23, but I think it's
still really valuable to take stock and, you know, and to take those learnings into the next round,
getting feedback from our builders and from our community. And one of the things I also just want to call out is that I understand that the community might be nervous for switching software again.
We did this, if you've been around Gitcoin for a while, we did a really big transition.
I think it was in 2023 from our old C-Grants platform to GrantStack.
And whenever that shift like that happens, I just want to call out that that is a bit of a, it is a big adjustment. But what's really top of mind to me is making sure that that experience and whatever goes into that is as seamless for our builders as well as around operators and our donors moving forward. So, um, yeah, I really appreciate everyone, you know, having,
you know, yeah, doing this with us and giving us feedback along the way. It's going to be really
valuable. Um, so yeah, I think that was, that's one thing it's going to give us a bit of time to,
um, you know, um, to, to, yeah, build this along with the community as well.
to build this along with the community as well.
Yeah, I'm just having a look at any questions
that have been dropped in the chat.
And just a reminder, we've got about like 15 minutes left.
So if anyone wants to come up
and if you've got like a burning idea that you want to share,
please just request to speak and come up on stage
and join in on stage and join join in um on the conversation
one of the questions that was asked matilda was how many people are still at gitcoin
um the answer to that is myself and matilda as of right now um i believe there was a follow-up
as well about is that planning to change um and if i may, Matilda, and put words in your mouth, our mouths, which is
the answer is yes, but subject towards how we can best support the structure of the program moving
forward. So that'll be the continued focus as it stands right now. And then as things start to
emerge, I think that there's a lot of opportunity for Gitcoin to rebuild from first principles
in some of the things that we were successful for in a much leaner and more innovative way, but doing it a little bit more in public,
more alongside the community, and more, I guess, from a scarcity mindset in the ways that it's
good to have. Yeah, thanks so much. Yeah, I also saw that question. Thanks for picking that one up.
Monty, welcome to the stage. So nice of you to join us.
Hello. Can everyone hear me? I'm in a park in London, so I'm not sure how good my signal is, but I've been getting thumbs up.
Yeah, really appreciating the space. Super interesting to hear the evolving dynamics.
And yeah, it was definitely quite a big shock to read the news.
And, you know, I've been digesting it more and more,
but actually it's now sort of starting to feel, you know,
like exciting and possibilities and certainly listening to this space as well.
So, yeah, I guess one of the things that I'm thinking about
and could be really interesting
to explore, and like Kevin mentioned, this round with the introduction of grant ships and the
Sello matching on matching could be a really interesting thing to double down on and a way
to maybe complement the matching funds that Gitcoin already has. So maybe Sello comes forward
with a few grant programs,
Optimism does, Regen Coordination manages a cluster of rounds.
That could be a really interesting model and be cool to see how grant ships
and various ways of getting rounds
and things competing with each other and optimizing
would be awesome.
And yeah, the other thing that's on my mind
is I'm really loving the experiments going on
around DeepGov and personally have been doing
an experiment with Impact QF and really, really excited
about how the combination of AI plus deep
and structured impact reporting can really complement the QF mechanism
and still kind of get the benefits
of the crowdfunding,
additional funds raised in community signal,
but then amplified by like actual data
on both on-chain data
for like blockchain ecosystem impact,
but then also the real world impact
on whatever thing that you're trying to fund.
And then there's just the ability of AI and various agents to like just radically improve
the quality and experience of the whole program from like providing super detailed feedback
to grantees about, you know, where they did well, where they could have done better, just
seems to even better align the incentives of what the funding is trying to do.
So yeah, I guess all of those things are seeming really exciting.
And I'm wondering now with grant stack kind of winding down,
which is an interesting one.
It's both love and hate grant stack.
I think spent a lot of time, both as a grantee and an operator.
But, yeah, just looking at what's being built with DeepGov to kind of automate some of the
Impact QF stuff that I've mentioned.
Obviously, we've got Mahesh and KarmaGap on the call.
So I think that could be some really interesting builds in that direction.
And yeah, there's various development teams like Collectivo Labs and the KarmaGap team
and the DeepGov team that I think could all bring together some really interesting experiments. But yeah, so those are some of my thoughts. Thanks for
having me up on stage. Appreciate everything that Gitcoin has done and is doing. And yeah,
just really grateful to be part of this community.
Yeah, thanks for that, Monty. Yeah, I think the next era is definitely going to be filled with a lot more experimentation.
And I'm excited about that.
We already started with it in GG23, like you mentioned.
That's why I was really excited to introduce Grandships into GG23 for the community rounds.
rounds. What I was really excited about there as well is that it does create that iterative
approach. So every time a community round runs, there's a competitive aspect to it. And it also
incentivizes community rounds to set really clear goals and to reach those goals within their rounds. We started very simply
in GG23. So really excited to see that iterate and evolve in GG24. And it's just a much clearer
way of also tracking the impact of these rounds. Because that's one of the things that we struggled with, you know, for our OSS program that Gitcoin has always managed and run. It's easy for us to, because obviously, you know, like we're
running those rounds. So tracking the impact and tracking the data from those rounds is really,
it's easy for us and it's something that we own. But one of the things that we started struggling
with was the community rounds. We wanted to see, you know, what kind of impacts are these rounds bringing? Where can we even support
them more? And that's something that I'm still really bullish on. We just didn't have a lot of
resources and a lot of time for this in GG23 because we were also changing so much. But it's
something that I've been saying a lot is that how can we also, as we're moving it, especially when we're moving into this new structure, how can we set up funnels and structures where we are educating our community and educating round operators and just supporting grantees and everyone, you know, part that's going to be part of GG in the future in a much more seamless way. So I know you and I, Monty,
we briefly spoke about this in Denver earlier this year as well, is that, and this is something that
I've been thinking of for a while, is the further decentralization of the program as well. And
that's something that you mentioned, is that, you know, like you mentioned, region coordination
could take a cluster of rounds and then own that. So very exciting to see that come about. And yeah, it would be really interesting to see
also the engagement that we get from the community as we're kind of expanding this
decentralized community-led nature. There are a few things on like the operations side and exactly
what the OSS program is going to look like moving forward that, you know, we're still noodling on. But yeah,
all in all, pretty exciting. I don't know if there's anything else that anyone else wants to
add. We've got about five minutes left, so I will check if there's any other questions as well yeah so I think that as we're closing out the space you know just a reminder that
we're going to be we're going to be releasing a lot of things that are going to be
kind of next steps you know we released some really high level visions today onto the forum
so I would again just encourage everyone to go and join in on the discussion. If
you see something you like, tell us. If you see something you don't, let us know. And like Rina
said as well, we want to include the community in this as well. But you can also still trust us to guide and shepherd us into a really solid future and into GG24.
So next steps, high level are going to be the sense making, as well as figuring out some ways
to bring the community along with us, kind of what I mentioned through the, it could be like
GG design contests or whatever we're going
to call that or whatever we're going to do there. And then GG24 will be our next round. It will only,
that means we'll only be running two rounds this year. Also just thinking of implications of
funding and all of that as well. That is not something that has, that I, that I, that I
personally have forgotten about. I know that one of the things,
one of the strengths of the GG program
has always been that it has given our builders
a consistent funding.
I don't see a future where we ever go back
to quarterly programs like we did a few years ago.
Maybe it's three rounds a year,
maybe it's two big rounds a year,
but just making sure that whatever structure
we move
towards is still supporting the, you know, the builders that come to the program in a
meaningful way.
So that is something that is also really top of mind for me.
And then, yeah, some next steps is just going to be rolling all of this out, having a discussion
with the community.
And there'll probably be a few more like forum
like forum posts but also just more spaces like this where we could actually just get real time
with with uh leaders in the space as well um you know to build to build this out together
um but yeah if there's nothing else uh anything else that you want to add
awaki or re, before we close out?
Please read my posts. I put a lot of thought into it. It's been a long journey for the last eight years. I know that it's a page and a half long. I know it takes seven minutes to read,
and that's too long for Twitter. But I've been doing this for eight years and I really want to include you all
in the next stage of the journey. It's pinned,
it's my vision for Gitcoin 3.0. And again,
I want to end by just saying everyone who contributed to the Gitcoin journey,
either as a contributor, as a grantee, as a contributor to GrantsLab,
or any of its predecessors, as a contributor to the centralized company,
I appreciate you.
Thank you for your contributions
and looking forward to composting Gitcoin 2.0
and figuring out 3.0 with all of you all.
And my hope is that we do a Twitter space after GG24
and you guys are like, fuck yes.
We worked on some of Ethereum's biggest problems
and prototyped some badass capital allocation
mechanisms uh in order to do so so uh thanks so much for the journey so far and uh read my
post get me feedback and uh and as gg24 takes shape i'm i'm sure we'll be in touch again
all righty well yeah thanks so lucky um yeah guys i've got a lot of reading to do uh go read
my post as well but yeah it's been a it's been a i just want to say as well you know it's been
i've been a good coin now oh man i think i'm like the longest uh i think i'm like a good coin
veteran now i've been here for almost three years. And, you know, I've
gone through quite a few of these iteration cycles, especially with the program and just being
so close to the program and what I do. I just still hold a huge passion for what we're doing
at Gitcoin with the Gitcoin Grants program. So I'm really excited about this future and yeah,
you know, building it in a much more community led way. Um, it is an
honor to serve this community in the way that I do. And, um, yeah, I'm, I'm excited about this
next phase though. So yeah, thank you everyone for joining. Um, we know there's a lot of big
changes coming and there's a lot of things to navigate right now, but as always we will do,
we always do our very best to,
to, to guide you through these, through these new navigation waters and just keep an eye out for
next steps. Join the conversation on the forum. And yeah, there's going to be some more things
rolling out as well as we're still busy finalizing GG23. So the OSS program retro round results
should be posted to the forum pretty soon as well.
And all the grantees that participated in either retro or quadratic funding should be paid out by next week. So yeah, we're still also just in the middle of finalizing all of that. And then
we'll also be posting a full retrospective of how the round went as well. So yeah, that's it for me.
of how the round went as well.
So yeah, that's it for me.
Thanks, everyone.
And I hope you all have a good morning,
evening, afternoon,
wherever you might be in the world.
Thanks, everyone.
Thank you so much.
Good kind of crew.
Bye-bye.
Peace and love.
Goodbye. so much get kind of creative bye bye peace and love goodbye
