Stacking Mechanisms

WHAT IF THESE MECHANISMS COULD FEED INTO EACH OTHER?

In 2023, tens of millions of $$ flowed through public goods funding mechanisms.

Two things will change in 2024 & beyond:

New easy to use products will come online allowing anyone to do PGF.

There will be more funding than ever to PGF.

What if these mechanisms start to interoperate with each other?

This presents many opportunities ahead:

Lots of bottom-ups curation now becomes possible

A community should decide the distribution of PG within its own ecosystem.

This will help create pockets of bottom-up governance that makes top-down decisions easier, because you can abstract away capital allocation decisions to subsidiary local communities.

As more and more communities do this:

A. it diversifies funding sources and mechanisms, helping us reach fund the commons in a more pluralistic way

B. as more and more tools come online to make it happen, it could become (1) very easy (2) very powerful to run PGF.

C. As the funding trickles out, there will be more long tail public goods funding.

There’s an opportunity to

A. build Impact Attestations through open standards (EAS, Hypercerts), creating an emergent web of trust that measures impact throughout web3.

B. help web3 communities see that funding their public goods is a sustainable competitive advantage. Over time, this will grow into an arms race to fund public goods.

C. build a “web3 grants common app.” Such an app would allow people to manage their grant in one place and push it to multiple grant programs. saving time and energy, saving time and energy in a world where there are many grant programs running concurrently

D. get many different types of projects flowing tokens between them.