NextMeta NextMeta #3 - A Crypto Mechanism Worthy of Nobel Prize w/ Griff Green
Griff Green! An OG regen crypto veteran and a serial founder. From chemical engineering and being one of the first people ever to get a degree in digital currencies, to whitehat hacking The DAO, founding Giveth, Commons Stack, DappNode, a Burning Man camp called Camp Decentral, etc. etc.
Griff has no lack of projects, but he does have a lack of time - and even still, he found some to come on the NextMeta podcast to talk about Giveth‘s endgame of helping nonprofits bootstrap token economies, their collaboration with Polygon (q/acc) and a few other things he‘s working on.
We go through the evolving landscape of decentralized economies, public goods funding, and the revolutionary potential of crypto to reshape societal structures.
Topics:
Evolution of Giveth and Commons Stack
Token Engineering Commons
Grant programs misalignment
Quadratic Accelerator (q/acc) program
Bootstrapping token economies
Unicorn.eth wallet for easy and scamless crypto UX
Environmental impact round and Givbacks
Unicorn.eth, DeVouch and Pairwise
Griff Green discussed the value of nonprofits as alternatives to government, emphasizing the role of public goods and the potential for creating systems that recognize their value. Griff explained how bonding curves solve liquidity issues, making them essential for tokenizing smaller economies and value.
"Nonprofits are actually the free market replacement for governments."
In terms of grant programs, we talked about the flawed system where projects receive tokens, which they have to sell to cover costs, creating a negative cycle. Griff introduced the Quadratic Accelerator (q/acc) program as a potential solution.
The q/acc program allows projects to start their own token economies, collateralized by Matic (or other grant program tokens). Projects gain liquidity and earn fees, while donors get liquid tokens. This system incentivizes projects to stay within an ecosystem rather than hopping between grant programs.
"I believe we can create an economic model that can appreciate the value of that clean river."
Griff also shared his new wallet project, Unicorn.eth, aimed at improving UX and safety in Web3, DeVouch, a project using Ethereum Attestation Service for people to vouch of projects, and Pairwise, a voting tool that‘s meant to make voting more fun.
With his ultimate aim of replacing traditional government mechanisms with more efficient, decentralized systems - Griff offers insights into mechanisms that could redefine how we fund and govern our communities. From bonding curves to quadratic funding, and from improving crypto UX to launching sustainable token economies.
"If we want to replace governments, we still need to fund public goods."
Links:
Listen on Apple Podcasts or Spotify
Griff‘s Treasure Chest - most important links
We just got 100% discount on ordering a Gnosis Pay Card
Let me tell you about the Gnosis Card!
The first ever non-custodial crypto Debit card, with your ENS instead of real name written on the card, and running on Gnosis Safe Spend your crypto directly from your onchain wallet, anywhere Visa cards are accepted - which means 80m+ merchants.
Its the easiest offramp and best of all, Gnosis takes 0 transaction fees 👇
The card costs 30€ but you can save your 30€ and get the card for free by using our referral link, in the description.
We‘ve been using the card for 4 months now, and we can almost guarantee you won‘t be disappointed - unless you‘re from the US or Mexico or Brazil or Argentina.
Besides, you got nothing to lose! Remember - you get the card for free with our referral link.
discount code is f9d04924bc6d