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UNCHAINED: How Gitcoin 2.0 Could Someday Help Reward People for Doing Good

Mar 27, 2024

Meg Lister and Kevin Owocki discuss Gitcoin 2.0, a decentralized protocol for funding public goods using innovative mechanisms like quadratic funding and retroactive public goods funding. They explore futuristic concepts like private voting systems and impact attestations, aiming to create a capital allocation infrastructure that funds communities' priorities.

01:05:49

Episode guests

Meg Lister

Kevin Owocki

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Gitcoin 2.0 evolves into a decentralized protocol for capital allocation in Ethereum ecosystems with various funding mechanisms like quadratic funding and retroactive public goods funding.

Gitcoin's transition to a DAO model focuses on credible neutrality for fair capital allocation through decentralized governance on the Ethereum mainnet.

Gitcoin's mission extends to creating a global decentralized funding infrastructure by offering innovative capital allocation methods and impact attestations for real-world contributions.

Deep dives

Evolution of Gitcoin 2.0

Gitcoin 2.0 is a decentralized protocol focusing on capital allocation for Ethereum and EVM-based ecosystems. Initially centralized, Gitcoin 1.0 evolved to become a more decentralized protocol, allowing various ecosystems to fund their public goods. With a shift to modular structures like Alo Protocol, different strategies such as quadratic funding, retroactive public goods funding, and conviction voting are emphasized. This transition aims to enhance democratic community involvement in funding mechanisms.

Introduction

3min

Evolution from Gitcoin 1.0 to Gitcoin 2.0

21min

Exploring Innovative Funding Models for Democratic Capital Allocation

5min

Exploring Polkadot's Partnership with Mythical Games and the Adoption of Bitcoin Passport System

2min

Exploring Gitcoin 2.0 and Transition to Decentralization

10min

Exploring Decentralization, Governance, and Community Engagement in GICCOIN and ALO Protocol

4min

Evolution of Community Rewards Program and Grants in the Ethereum Ecosystem

13min

Tokenizing Impact Attestations for Financial Value

9min

Gitcoin 2.0 will transform Gitcoin into a decentralized protocol that makes it easy for communities to allocate capital.

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

In this episode, Laura interviews Meg Lister, GM of Grants Labs at Gitcoin, and Kevin Owocki, co-founder of Gitcoin.

They discuss the evolution of Gitcoin from a centralized platform to a decentralized suite of protocols, Gitcoin 2.0, which allows any Ethereum Virtual Machine (EVM) based ecosystem to fund its public goods. They also talk about the various funding mechanisms available, including quadratic funding, retroactive public goods funding, and conviction voting.

Learn more: What Is Retroactive Public Goods Funding?

The team is also exploring more futuristic concepts such as private voting systems, angel investing 2.0, and impact attestations. The ultimate goal for Gitcoin is to create a capital allocation infrastructure that funds what matters to communities, whether they are towns, states, countries, or online interest groups.

Show highlights:

Kevin's background and how he came to found Gitcoin and why Meg joined the company
The differences between Gitcoin 1.0 and 2.0
What quadratic funding is and why it is important in the blockchain ecosystem
The problem of sybil attacks and how Gitcoin Passport aims to solve it
Why Gitcoin has changed its approach to put more focus on scaling Ethereum rather than other types of grants
How Gitcoin is trying to solve capital allocation efficiency with Allo (Capital Allocation) Protocol
What streaming quadratic funding is and how it differs from traditional quadratic funding
How retroactive public goods funding (RPGF) works
What conviction voting is and how it addresses some of the current problems in DAOs
Which projects are using Gitcoin Passport and what for
Why Gitcoin is so focused on the Ethereum ecosystem and whether they will launch in other chains
What the purposes of the GTC token are and how it could become a flywheel for Gitcoin
How Gitcoin can become sustainable long-term, since it's free to use at the moment
The features that are coming down the line for Gitcoin, including privacy and onchain "angel investing"
What the future could look like if Gitcoin succeeds in its mission, according to Kevin

Thank you to our sponsors! Polkadot

Guests |

Kevin Owocki, Co-founder of Gitcoin

Meg Lister, GM of Grants Labs at Gitcoin

Links |

Gitcoin

Gitcoin 2.0 Whitepaper, co-authored by Kevin Owocki and Meg Lister

Public Goods Funding: The New Meta | Kevin Owocki - Gitcoin, presentation at ETH Denver 2024

Gitcoin Entering the End Game

Gitcoin’s Citizen Grants program

Impact report

CoinDesk: Why Crypto’s Most Altruistic Project Is Going (Kinda) Corporate

Blockworks: Gitcoin is restructuring to focus on grants for the Ethereum ecosystem

Allo Protocol

Announcement thread

Web3 Ecosystem Funding

State of Web3 Grants Report

Web3 Innovations in Public Goods Funding

How To Fund Innovation: A Guide to Web3 Grants, Meg Lister for BeIn Crypto

Quadratic funding

ORIGINAL WHITE PAPER, co-authored by Vitalik Buterin

Retro PGF

Unchained: What Is Retroactive Public Goods Funding?

Passport

Introducing Passport - Digital Identity as a Public Good

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.

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