• 22 June, 2024
News

Optimism Announces Second Round of Retroactive Public Goods Funding

The second round of Optimism’s Retroactive Public Goods Funding was announced yesterday, and it will include the distribution of 10 million OP tokens to finance public goods in January 2023. These tokens will support public goods that assist the development and use of the OP Stack.

On the Optimism Governance Forum, nominations for projects or persons to get money may be made between January 3 and January 17 by anybody. Nominated projects or people must finish creating a project profile in the Gitcoin Grants Hub between January 3 and January 24 to be considered for funding.

In addition to that, the first version of the Citizens’ House, which is the one-person-one-vote equivalent to the Token House in the Optimism Collective, will also be made available at this time.

Optimism believes that adequately supported public goods will result in improved developer tools, more user education, safer infrastructure, and industry-leading research. According to Optimism, these indicate that the platform can last and thrive.

In order for this to be possible, the protocol makes use of a system that is known as Retroactive Public Goods Funding (RetroPGF). It is predicated on the straightforward concept that it is simpler to ascertain what was helpful in the past as opposed to issuing proactive grants for what could be beneficial in the future.

The company added:


As with everything we do, iteration is key—this is only round 2 of N.  With each round of RetroPGF, we will seek to incorporate learnings, make improvements, and strive for Optimistic excellence.

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