GreenPill GG23 Retro Funding Experiments with Carl Cervone & Ed Flemming
May 6, 2025
Join Carl Cervone, the founder of Open Source Observer, as he dives into the innovative world of Gitcoin and retro funding. He discusses the revolutionary metrics-based voting system that empowers community engagement and shapes project selection. Learn about the challenges faced during the GG23 funding experiment and how the new approach balances support for emerging projects with established initiatives. Cervone highlights the importance of strategic voting, urging participants to reflect on community values while allocating funds.
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Retrofunding Rewards Impact
- Retrofunding rewards mature builders retroactively for impact using metrics chosen by badge holders.
- This approach shifts focus from popularity to measurable impact like unique users and new Ethereum adopters.
Tiered Funding Mechanisms
- GG23 shifted mature builders to a retro funding round, separating them from early-stage projects funded by quadratic funding.
- This tiered system allows stable funding for mature projects and more attention for new ones.
Quadratic Funding Limits
- Quadratic funding often favors popular projects and requires marketing effort to mobilize communities.
- Retro funding offers mature projects funding stability and frees new projects to compete more fairly.