RetroPGF

Mechanisms for funding public goods retrospectively

Years
2022–2024
Clients
Ethereum Foundation, Octant, Gitcoin
Venues
GreenPill

It's interesting to imagine a world where money just flows to the individuals and projects producing the most value for a given ecosystem. I've explored this pretty deeply in the context of crypto ecosystems, because I think the same mechanisms could power a fully networked economy that relies less on government and corporate spending, endogenously provisioning its own common pool resources instead.

DAO Drops

Over the course of 2022 I designed and led the team that built DAO Drops, a retroactive funding experiment that put the allocation of ecosystem funds directly in the hands of Ethereum users, with support from the Ethereum Foundation and Octant.

Anyone could nominate a project; voting power was calculated from a voter's past onchain activity rather than from tokens; and the first round dropped $250,000 to nominees in proportion to the votes they received. The round is now a forkable template, so any community can run its own.

GreenPill, 2023

fundpublicgoods.ai

In 2024 I designed fundpublicgoods.ai with Gitcoin, an agent that takes on the allocation side: tell it what you care about and it searches past funding rounds for the projects that fit, scores each on relevance, impact and funding need, and proposes how to split a donation between them.

Every score comes with the evaluation behind it, so a donor can argue with the agent and adjust the weights before sending anything.

The Fund Public Goods prompt: 'What would you like to fund?', with suggestions like social impact in South America, the Ethereum L2 ecosystem and academic research.
The agent's proposed allocation for a donor interested in EIPs: seven projects with weightings and scores, which the donor can select and adjust.
One project's evaluation: its description and its scores for relevance, impact and funding needs.

Mechanisms for provisioning public goods

At the Mechanism Institute we mapped the whole design space: how public goods funding actually works, how the onchain approaches compare with the state's, and which mechanisms are worth building next.