Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Update retropgf-2.md #1015

Merged
merged 1 commit into from
Apr 9, 2024
Merged

Update retropgf-2.md #1015

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
10 changes: 5 additions & 5 deletions src/docs/governance/retropgf-2.md
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -3,28 +3,28 @@ title: RetroPGF Round 2
lang: en-US
---

The Optimism Collective’s second round of Retroactive Public Goods Funding (RetroPGF) took place in Q1 of 2023.
The Optimism Collective’s second round of Retroactive Public Goods Funding (Retro Funding) took place in Q1 of 2023.
RetroPGF 2 allocated 10m OP tokens to **fund public goods that support development and usage of the OP Stack.**

Optimism’s vision is to build a global system where positive impact to the collective is rewarded by profit to the individual.
RetroPGF is an experimental mechanism to realize this goal of **“impact = profit”**.
Retro Funding is an experimental mechanism to realize this goal of **“impact = profit”**.

By funding public goods sustainably, the Collective can create a rich ecosystem and a better economy ✨

## Results
In this second round of RetroPGF, 195 people and projects were nominated, and all 195 were awarded funding by the badgeholders! While going above and beyond in assessing project impact badgeholders allocated their votes among 40 different projects on average. The median OP received by a project for RetroPGF 2 was 22,825, while the top 10% of projects received more than 140k OP.
In this second round of Retro Funding, 195 people and projects were nominated, and all 195 were awarded funding by the badgeholders! While going above and beyond in assessing project impact badgeholders allocated their votes among 40 different projects on average. The median OP received by a project for RetroPGF 2 was 22,825, while the top 10% of projects received more than 140k OP.

- You can find the write up on the results of round 2 [**here**](https://optimism.mirror.xyz/Upn_LtV2-3SviXgX_PE_LyA7YI00jQyoM1yf55ltvvI)
- You can find a sheet with all projects and their OP allocation [**here**](https://docs.google.com/spreadsheets/d/13QTVuv4HTTDBctRxuqngECUMc70QP4usbmcFT8XT-GI/edit?usp=sharing).

## Process and timeline overview
1. Badgeholder selection - badgeholders have the power to distribute OP tokens to projects. They’re instrumental in running an effective RetroPGF round. For RetroPGF Round 2, badgeholders were selected across four different criteria.
1. Badgeholder selection - badgeholders have the power to distribute OP tokens to projects. They’re instrumental in running an effective Retro Funding round. For RetroPGF Round 2, badgeholders were selected across four different criteria.
1. 14 badgeholders were selected based on their participation as badgeholders in [round one of RetroPGF](https://vitalik.ca/general/2021/11/16/retro1.html)
2. 21 badgeholders were selected by the Optimism Foundation
3. 10 badgeholders were [elected by Optimism’s Token House](https://snapshot.org/#/opcollective.eth/proposal/0x22d4c3ab56832de58c1774d1a0aeb61ba6dde8b16c0f8382f85d8935f3ee1f11)
4. 29 badge holders were nominated by badgeholders from the three categories above
2. Nominations (Jan 17 - Jan 31st) - anyone could [nominate a project on the forum](https://gov.optimism.io/t/nominations-for-retropgf2/4636) by providing a name, impact description and link to Github/Twitter
3. Project profile creation (Feb 7th - Feb 21st) - Projects had to [create a profile](https://app.optimism.io/retropgf-manager) where they were asked for general information, as well as a description of their project and its impact. Information provided by Projects can be viewed on the [RetroPGF discovery page](https://app.optimism.io/retropgf-discovery).
3. Project profile creation (Feb 7th - Feb 21st) - Projects had to [create a profile](https://app.optimism.io/retropgf-manager) where they were asked for general information, as well as a description of their project and its impact. Information provided by Projects can be viewed on the [Retro Funding discovery page](https://app.optimism.io/retropgf-discovery).
4. Voting (Mar 7th - Mar 21st) - Badgeholders were provided with a [badgeholder manual](https://www.notion.so/Optimism-RetroPGF-2-Badgeholder-Manual-11ef6cd63c254258a32246289f45925c) and asked to evaluate and vote on nominated projects via a voting form. (Mar 7th - Mar 21st)


Expand Down
Loading