https://gov.optimism.io/t/quadratic-funding-retro-token-engineering-the-superchain/8731
Help test a new type of Gitcoin round that boosts the votes of Superchain stakeholders!
Token Engineering the Superchain is attracting token engineering practitioners and projects to the Superchain – and it’s now live on Gitcoin 3! Your participation will have a substantial impact in deciding which projects receive the round’s $60K matching pool.
With just a few minutes of your time right now, you can also help test this new approach to seed funding impact on the Superchain. The Token Engineering Commons (TEC) is using a new approach called “Tunable Quadratic Funding” (TQF) to ‘boost’ the Quadratic Funding impact of Gitcoin contributions based on two factors:
Amplifying the Voice of Superchain Governance:
- This Gitcoin round is designed to drive token engineering impact into the Superchain – and who better to shape that impact than the Superchain community itself? That’s why the TEC is using TQF to boost the voting power of OP badgeholders, delegates, and token holders.
Expertise-Boosted Quadratic Funding:
- The TEC also uses TQF to boost votes for Gitcoin round participants with demonstrated token engineering expertise 2. It’s our way of combining the participatory power of Quadratic Funding with Subject Matter Expertise in our capital allocation programs. It’s a complementary approach to Optimism’s experiments in incorporating “guest voters with expertise.”
Proactive Seeds, Retroactive Rewards
Your participation in this Gitcoin round also helps test another innovation in capital allocation: integrating Quadratic Funding and Retro Funding! The Quadratic Funding round serves as up-front seed funding that projects use to generate Superchain impact. Later this year, the TEC will run a follow-on retro round with Gitcoin’s EasyRetro 1 to retroactively reward these projects based on their actual impact, tracked in Karma GAP 1.
“Niche Retro”
This innovative approach to combining quadratic and retro funding enables the TEC to micro-target capital allocations to a specific domain of expertise. It’s what we call “Niche Retro” funding, and while our focus is on generating token engineering impact in the Superchain, we see this approach being replicated in other domains as well, such as gaming, defi, security audits, and much more.
Data-Driven Learning & Iteration
The TEC migrated to OP Mainnet in 2023. It is our home and we are committed to helping the Superchain on its path to open metagovernance. To this end, we will be publicly sharing our findings from this experiment in the OP Forum as we iterate together in making the Superchain the most trustworthy of all blockchain ecosystems.
It’s Easy
Your participation in this experiment couldn’t be easier. With just a few minutes of your time and some donations of as little as 1 $OP, you can have a big influence on which projects get the biggest share of the $60K matching pool contributed by Gitcoin and the TEC. These projects will then be eligible for the follow-on retro funding round later this year!
Just pop over to our Gitcoin round 3 right now, find a few projects you think will have a good impact on the Superchain, and cast your votes right now!
One last thing! If you’re interested in getting involved in this experiment or the TEC more generally, please just drop us a note in the comments below. We’d love your help!