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GreenPill
160 - Optimism RetroPGF Round 3 with Jonas Sieferth
Oct 24, 2023
Jonas Sieferth, RetroPGF Lead at Optimism Foundation, joins the podcast to discuss Retroactive Public Goods Funding (RPGF) and its market dynamics. They cover topics like badgeholders, voting, impact evaluation, and being part of the Public Goods Multicellular Organism.
53:16
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Quick takeaways
- Retroactive Public Goods Funding (RPGF) rewards projects based on their past contributions, incentivizing the development of public goods.
- RPGF round 3 is underway, aiming to create a reliable funding source and incentivize public goods builders.
Deep dives
Retroactive Public Goods Funding: A Powerful Mechanism for Funding Public Goods
Retroactive public goods funding (RPGF) is a mechanism for funding public goods that have traditionally lacked a strong business model. Instead of speculating on future impact, RPGF rewards projects based on their past contributions to the community. The Optimism Foundation, led by Jonas, is at the forefront of RPGF with three funding rounds so far. RPGF aims to bootstrap a cycle where public goods builders receive millions of dollars in rewards using the OP token. The vision is to create a reliable funding source for public goods and eventually attract private investors to invest in positive-sum projects. By rewarding past impact and creating predictable funding cycles, RPGF fosters market-like dynamics and incentivizes the development of public goods.
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