 Well, thanks everyone for joining us. I'm Lindsay Thrift. I'm from Gitcoin, a VP of product I'm joined by two of our product managers, Nate and Michelle And I'm excited to get to follow Divya as we talk about how do you actually build the rails for doing some of this funding? How do we fund the public goods, the positive externalities we seek to create? So if you're not familiar Gitcoin has been running grants programs since 2019 We have a center what we refer to as our C grants our centralized grants platform that you can Participate in today. We just wrapped up grants round 14 last night One of our biggest round yet very successful and we're excited to talk about where we go in the future today If you participate in Gitcoin grants either by contributing to public goods You care about by building public goods and seeking funding or by being a matching pool sponsor And you're gonna join Gitcoin in the way that we are funding public goods What we're seeking in the future is to move towards a world where Each community can define the way in which they fund their public goods. What's most important to them? And so this is our decentralization path. We launched a DAO last year and a governance token GTC at that time But the path to decentralizing our technology while expensive is intended to make sure that we are really Meeting the needs of our target markets and that being grantees Communities that are funding public goods and those of you that are in those communities I want to want to determine how those funds are distributed the thing that we know today is that grantees Really have a hard time finding the funding that they need. It's non-extractive Many grant programs have launched But the way that you go about it today is going and finding each of these grant programs applying Going through those different each different path slightly different to get there If you're a community that's got funding to distribute, there's significant barriers to entry Many are just using simplistic forms of notion or you know These basic tools to do direct grant funding and can't take advantage of these really unique mechanisms Because of the cost of building up the technology and integrating them in a way that you can make them useful So we're on a mission to build an open-source modular and decentralized grants protocol That would allow any community to determine how they rapidly test those different public goods funding mechanisms In a way that meets their needs Alongside that we want to build a deep register deeply liquid registry of projects that can participate in that So our desire is that grantees or project owners have an opportunity to create Their project in a registry where they build up reputation and they can take that one Project and apply to many different grants rounds. So any round or any program running on the get coin grants protocol A project owner would be able to interact with We also want to build a protocol that allows these communities to quickly spin up a Program that meets your needs and allows you to do it in a way that is fit to your intentions I love to the comment at the end of the last talk about You set up what's important to you before you utilize a mechanism Our goal is essentially to build the rails for there to be a flourishing ecosystem of these open-source mechanisms that you can plug in Align to your values in your community So with that I'll turn it over to Michelle and Nate to talk in detail about the different components of this protocol Thanks Lindsay I'm Michelle one of the product managers Get coins grants to point a protocol. So I want to talk a little bit more today Wanted to talk a little bit more today about grant hub, which is one of the core components of the grants 2.0 protocol It's sort of our all-in-one destination for you to create build and fund your project So a couple things to call out here. I think like we mentioned this slide before All these projects that are created on grant hub, which you see above Are stored in a decentralized universal project registry and the goal here is to also have Your project activity brought across multiple grants round So this could be good coin could this could be other partner rounds The goal is to have you be able to build your project profile all in one place And then be able to apply to these rounds or job without having to like scour the internet for the best grants programs to apply for your project So speaking a little bit to the long-term roadmap, which I'll get into a little bit more in the next slide as well with grant hub where to sort of creating this genesis for An evolution towards a decentralized proof-of-project could platform. So what does that mean? So a couple things to call out here. We want to start doing a little bit more work in Building project reputation So how would you sort of build credibility for your project over time? We also want to create space for impact verification. So that's like collecting impact certificates being able to show the impact that you have generated with the funding that you received from the grants 2.0 protocol and then over time you're sort of building more and more credibility for your project So that also ties into civil defense Next slide So speaking a little bit more from the user perspective, so you today like if you were to go on grant hub What could you do? There are three main things you can do right now, but we'll sort of add more functionality over time First you can create your project. So you would create a project on chain And I like to think of it as like a common application a base for all the grants rounds that you can eventually apply to The key here is that you should be able to fill out all your project information More or less at one time and then you can kind of carry that over to the many different applications that you might be submitting So that ties into the second functionality you can do on grant hub Which is to be able to apply to a round So you should also be able to take the project that you created and submit an application on Chain to a round such as get coins round or other partner rounds that you're interested in participating in And then last but not least if you're accepted into a round We also want to foster that journey of being able to track your grant So how much funding you received how many contributors if you had thus far matching etc and this is all sort of building towards this north star vision of You're able to apply to multiple rounds for funding all in one place You can share your the impact that you've generated with that funding and over time build More and more credibility for your project So it becomes this like really wonderful positive feedback loop for you to sustain and Turn your dreams into reality With that I'll pass over to Nate Thank you. Hi everyone. I'm Nate And if grant hub is really the one-stop shop for a project owner The next piece that I'm going to speak about round manager is really that one-stop shop for an organization That's running a grant program. So this can be a Ecosystem that could be like somebody who has a protocol and is trying to incentivize Projects to build upon that ecosystem This could be a community for example the city of Oakland just ran around in GR 14 to fund programs in their community It can really be any sort of community that's trying to fund share needs and we would look at round manager as that core piece of software for them Designing this really for interoperability and modularity just to make sure that like as Lindsay mentioned there is this sort of Every different organization wants to run the grant program in a different way We want to make sure that round managers will be providing the backbone to enable them to do that And if you think about a grant program at a very high level, there's kind of three core actions There's the act of selecting the projects like what's eligible. Who do we want to have be part of this grant program? There's the process of allocating those funds. How do we want to decide? Where these funds should be going among these different projects and then there's the fund management itself How are we pulling funds into this program? How are we ultimately like paying out and making sure that? projects are receiving those funds and As we start to talk to grant programs and people who aspire to run grant programs I think what we're learning is that There's no shortage of ways that people want to be able to plug and play Different mechanisms into these kind of core decision points. So if you look at selecting projects things like impact certificates or the Reputation that Michelle was talking about with grant hub community nominations board reviews There's no Like I said shortage of ways that people want to be able to figure out like what projects make sense for them Similarly, if you look at allocating funds Gitcoin is really focused on the quadratic funding method even within quadratic funding I think there's a number of different ways that you can think about waiting those votes So I think the desoc paper had some really interesting ideas around how you can start thinking about individual reputation or how you can start thinking about Kind of group reputation like how closely aligned are different groups of voters. There's also quadratic voting There's a number of different ways people are thinking about this And then lastly in fund management I get coined in experimenting with things like aqueducts to actually pull funds in As well as the different workflows for how do you pay out your grantees? But the way that we're designing the overall protocol is that each one of these high-level decisions sort of has a box As you can think about it in the protocol that you can plug in these mechanisms So as you're thinking about what makes the most sense for my community what makes the most sense for my program you can really pick and choose what you want to do here and The way we're architecting it you'll be able to draw on this like really rich pool of decentralized data So we're at get coined. We're working on something called passport which allows you to pull together a bunch of different unique identifiers You can again look at things like impact certificates or soulbound tokens Like really want to make sure that you can pull on this sort of whole world of ID primitives to figure out Makes sense In the way that we're putting this all together. There's I guess three more like core technical components The first is the program contract, which is really the anchor for a constellation of contracts That will be basically the record of your program on chain So this allows you to encode like these are the mechanisms that we're using Call out to whatever contracts those mechanisms are using Also be able to point to all the data that is powering your your underlying contract But really just have this kind of home base that anyone can come and see what's happened with your program That is also working with what we're calling the program registry So this is a public database of all of the programs all of the associated Grant projects that are part of that as well as kind of their results and status Built on top of IPFS in the graph and then lastly we're building a DAP That you can use to access all that information. So just a really easy convenience layer for working with those tools And then the kind of like last piece that we're thinking about here Like is what we're calling grant explorer and this is a UI that Contributor to a program can come to see what grants are in that program They can vote on how the punch be allocated if that's the way the program's been set up They can experiment with different curation mechanisms Like how do we want to figure out what's shown first second third, etc? But I think what is really exciting about this is because we're using these Decentralized tools and these public databases We're going to offer a UI as part of this But anyone can really build something on top of this and figure out what makes the most sense for writing that grant program Awesome, thanks for the deep dives. So that kind of gives you a sense of where we're headed I do want to give a caveat that this is all pretty early stage. We're building the MVPs of these protocols We've got the core functionality in place. These names are likely to change So keep keep watching grants to that. I was sort of our placeholder. It's what came after the centralized grants program I do want to give you some clues to like how we're going to how we see this being adopted where might your community Or your project fit into the grants future. So the first one This adoption path is is maybe the most obvious and that would be where get coin will continue to run grants rounds ourselves Our grant program isn't going away So we'll be dog-fooding this just like everything else. We build at get coin We'll be adopting the grant hub as our our universal registry for each round that we run ourselves Using the round manager protocol for any of our rounds and then a selection of mechanisms. We'll be using pairwise QF is the version of quadratic funding We've been using my slide is outdated, but depop is actually passport what we're using for civil resistance We use for the first time in GR 14 and other Analytics and even we've started adding some conviction voting was used to do some experimental curation of our grant explorer Even here during GR 14 The second path is we'll continue to support ecosystems who are looking for assistance in operating their rounds So today you can come and say hey get when we'd love for you to run around during your main grants round You get support from our most excellent grants ops. They've got the specialty in best practice. How might you manage? Setting up eligibility requirements. We'll continue to do that and we'll do it with you on the grants to protocols suite The third and one that I think is most exciting in a lot of ways is now we're beginning to expand and allowing anyone else To use this suite of protocols to run your round on the days that make sense for you run multiple at once Use a different set of mechanisms if you choose Maybe you want to use quadratic voting and you don't have a contribution model You'd be able to do that with the new protocol. So we're really creating this sovereignty that your community can now run your round Whenever you want This is a path to adoption that we're beginning to roll out in just a month or so And the last opportunity is you don't have to adopt the full suite either Maybe you'd like to plug in with our our registry But you've already got rails for running a grant program that you're happy with We think that the grant hub and the the project registry Have a lot of value even if you're not using our round manager protocol and that you'll be able as as projects build up that reputation They collect impact certificates and you begin to see participation in other rounds You know that these are legitimate projects that you want to give funding to you'd be able to pull that from our registry and use your own Program, however, you've constructed it a little bit of timeline We we've replaced our trust bonus mechanism with passport and jara 14 which just wrapped We're looking to move to the decentralized Grant hub next so purple is the at the top is the get coin path to adoption Down below and the green is where we begin to release this to the community So you can see coming up end of July early August. We have our first Partner slotted to adopt we're not quite ready to announce publicly, but we do have a partner that'll run around on grants to Here later this summer and we're beginning to look for other partners who'd like to participate in that with us So we'll have a couple minutes left for questions. I've got a QR code up here If you are running a grants round in your community, you're beginning to design one We'd love to talk to you. Like I said, we don't have final names yet We also are excited to really be doing user research So sign up if you are a project owner if you're building some public goods And you'd like to participate in our user research for grant hub There's an opportunity to let us know that there go and take some questions Anyway, whoa. All right So as you guys were planning One of the things I love about get coin is that you guys have been experimenting with grants for a long time, right? You just closed out gr14. You've done this a bunch and you probably deployed more capital to more organization It's then probably any other group in this room or anybody else at this conference and I'm curious as you're As you're going through these grant programs and you're preparing for grants 2.0 Are there any of things that you can share from us that you learned from talking to grant grantees like people that you're granting money to in terms of and the things I'm curious about are in what ways are grants not the right mechanism or in what ways are like Grants only take you so far and then you need something else and maybe that's not what you're building with grants 2.0 But you obviously have a lot of people that you've talked to that you've gotten feedback from and I'm curious if we could learn from that as well Yeah, I think the big learning to share is related to why the mission and vision we just shared for the grant hub And that is we've learned that many grantees are going like program after like kind of like the old VC campaign You like went from VC to VC there right now You're going grant program to grant program and you're repeatedly is filling out the same information trying to like like decipher Whether or not I qualify for this round I think as we build up this registry and we have this public data available There's more and more of an opportunity for us to better serve that community and understand and I think even give feedback To those with capital to deploy about like this is the kind of impact via impact certificates in the registry where you Could be deploying and I'm just just creating a bit more Continuity I suppose in that in that experience and what we have today where it's it's very disjointed It's very taxing and time-consuming and often isn't sufficient funding So folks find themselves bootstrapping more than they might otherwise Or growing slower and so hopefully we can begin to expedite the growth for those folks any other questions I was just wondering you talked about the project registry and Part of the incentive as I understand it is to see projects learn and grow and change over time You want them to be adaptive based on the feedback they get So sort of like I wonder if you're thinking about what constitutes the sort of DNA of a project and as a project changes over time There's both we want to incentivize learning but we all there also will be an incentive to reuse a project sort of identity and Just what the trade-offs are there that you're seeing I Think that's one of our points of learning and discovery actually like we're right now the Metadata for projects in the registry is just what you would expect at like a baseline for an application We're as we're doing some exploration with protocol labs around impact certificates and others And I think even as we begin to see projects into the registry and different rounds begin to run on the protocol It'll help us better understand which data should that be how do these projects evolve? I think understanding right now. There's just grant programs like blank optimism is experimenting with retroactive public goods funding That's like one new version But I think as we begin to see all these like kind of it at like one plane of vision We can start to see that spectrum and like what data should we be putting into that registry and how should we be showing it off for others? One more question I see Hi Yeah, thank you for all the info. I'm a scientist by training So I have a little bit of experience applying for grants through the NSF and NIH One time successful many times unsuccessful very difficult process And so I'm really excited about what you guys are building and whether we can make it accessible to other people to access capital to have impact in other ways, right? So I'd be really interested to kind of hear about perhaps Maybe non-traditional use cases outside of web 3 that you guys have explored. I've collect I have a shopping cart list of grants for just like weird science projects as well So I just love to know on your side what you guys are thinking. Yep Yeah, we're definitely focusing this initial like six months or so development at the web 3 community But not excluding them There's some folks that have been participating in get-coined grants that we're chatting with actually specifically for medical research and medical science Who are also trying to innovate on that process? I think Nate mentioned the Oakland round that's running right now and to just run in GR 14, which is a community-based round So that application is coming. I think that's where some of these mechanisms become really unique How do you wait the expertise of those making decisions around research? Like you said you were declined for funding like was that was that really meeting the needs of the community or not? It's unknown But I think the feedback we're hearing is like in many of these traditional settings the decision making and where the impact happens Isn't always connect well connected and some of these mechanisms around voting and waiting people's voting Intas could help improve that distribution of capital There are some challenges in moving out of the web 3 space given that we have chosen a web 3 stack to do this Around wallet interaction having on ramps and off ramps and should we start you know Integrating with a stripe and taking credit card payments or like you know those sorts of things So there's kind of a whole like large design space around there But it's very much on our minds for where does grants to go beyond web 3 after we've kind of launched in the web 3 space in a solid footing Cool. Thank you so much. Thank you. Thank you for the work you're doing it