Gitcoin Blog

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From Grantee to Funder: Push Protocol

Decentralized notifications have the potential for a robust notification ecosystem without the centralized drawbacks of web2 notifications. Applications need better methods to communicate with users quickly and in response to events other than Twitter, Discord, or email. Users deserve to control what notifications they receive and should benefit from the open-source nature of web3 by requesting notifications about protocol behavior.

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From Grantee to Funder: 1inch

In the beginning, it's all about survival. Sergej Kunz and Anton Bukov bounced through blockchain events and hackathons, taking their winnings from one event and moving on to the next. They took part in 17 hackathons around the globe and would sleep in the hackathon area or sometimes just not sleep at all.

Then, a typo in their Gitcoin grant application led to an extra $45k in grant funding going to the early development team of 1inch. This fortunate mistake was just one of the many contributing factors that helped them go from Gitcoin Grantees to Gitcoin Funders in just over two years. It has awakened an inspiration and a drive to give back to the world, and to the ecosystem that helped them build their own future. 

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Decentralizing Gitcoin Grants

TL/DR

  • The Gitcoin DAO is tasked with decentralizing Gitcoin Grants.
  • The DAO created the Decentralize Gitcoin Workstream to make it so.
  • The Workstream solicited decentralization proposals from ScopeLift and ChainSafe.
  • Those proposals have been delivered, please read on for next steps.
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Architecting & BUIDLing the GTC Token Distributor

As a developer, one of the beautiful things about open source code is that it tells a story. As you look through the release notes, commit history, features/bugs/issues, a picture emerges. It might not always be a clear picture, but at the very least, you can usually establish a foundation for how and why certain features exist and what they intend to do.

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Introducing GTC – Gitcoin’s Governance Token

November 2022 Update: 

Hey there! You’re reading a post written at the launch of Gitcoin DAO, May 2021, and a lot has happened in the past year and half.

As an addendum to this original post, here’s an update on what the DAO has accomplished since its launch:

  • We got a global community of dozens of contributors to work towards a shared mission, distributed across 5 workstreams.
  • We distributed tens of millions of dollars toward digital public goods through our Gitcoin Grants Rounds (here’s a recap of GR15).
  • We launched the alpha of our open, decentralized grants protocols that enable communities to more easily fund their shared needs. Some of our first users are Fantom, Optimism, and UNICEF.

If you’re trying to understand the utility of GTC, in short it is a governance token that holders use to:

  • Vote on our governance proposals on Snapshot
  • Vote on what funding areas our Gitcoin Grants Program will focus on (e.g. Climate Solutions, DEI, Ethereum Infrastructure, Open Source Software)
  • Ultimately, support the growth of a thriving ecosystem of builders developing open protocols that enable a more free, democratic, and decentralized web

Keep reading onward to learn about the token’s history

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Original Article:

The Gitcoin mission is to empower communities to build and fund open source public goods.

In this post, we’re excited to introduce the GTC token and our DAO that will govern Gitcoin — two crucial components allowing Gitcoin to decentralize and build an equitable protocol for funding open source development.

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