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--- | ||
tags: | ||
- retroPGF | ||
- public goods | ||
- libp2p | ||
title: Announcing libp2p-rPGF-1, the first libp2p project RetroPGF Round! | ||
description: | ||
date: 2024-04-08 | ||
permalink: "/2024-04-08-libp2p-rpgf/" | ||
translationKey: '' | ||
header_image: /libp2p-rpgf-1.png | ||
author: Prithvi Shahi | ||
--- | ||
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## Retroactive Public Goods Funding for the libp2p ecosystem | ||
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Today, the libp2p project is excited to announce the **first ever** libp2p retroactive public goods funding round, libp2p-rPGF-1! | ||
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The libp2p project is [partnering with Gitcoin](https://gov.gitcoin.co/t/proposal-gitcoin-x-libp2p-for-easy-rpgf/18446) to retroactively award $125,000 USD worth of OP, recognize impact, and further empower contributors to libp2p. | ||
libp2p will be using a portion of its [Optimism rPGF round 3 rewards](https://vote.optimism.io/retropgf/3) to contribute back to the broader ecosystem! | ||
This is an [Easy RPGF round](https://github.com/gitcoinco/easy-retro-pgf), will run on the Optimism chain, and is focused on rewarding projects and organizations that have made an impact across the libp2p ecosystem. | ||
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libp2p is a public good which powers much of the decentralized web, including projects like Ethereum, Filecoin, Optimism, Polkadot, and more! Moreover, libp2p's success as a project is the result of a vast panoply communities, collaborators, and organizations building together. | ||
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However, these efforts are often unrecognized and unrewarded since markets can fail to adequately fund public goods. Therefore, by embracing [RetroPGF](https://app.optimism.io/retropgf) libp2p seeks to bridge that funding gap. | ||
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At this time, our goal is to have about 2 retro PGF rounds per year. We will experiment and iterate each round and hope to evolve it so that governance, participation, and execution improve each round. | ||
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The rounds will follow the Optimism template: | ||
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1. 🪪 Badgeholders selection | ||
2. 📝 Nominations/Application submissions | ||
3. 🗳 Voting by badgeholders | ||
4. 📊 Publish voting results | ||
5. 💰 Distribute rewards/funding | ||
6. 🤔 Retrospective to improve future rounds | ||
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For this first round, the badgeholder selection process will include input from stakeholders across the libp2p ecosystem. In upcoming rounds, the badgeholder selection process and pool will be further opened. | ||
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Anyone can nominate a project that has achieved impact in the past 12 months in one of the following categories: | ||
- Software & Dependencies | ||
- Infrastructure, Tooling, & Utilities | ||
- Education, Outreach, and Applications | ||
- Research & Development | ||
- Other | ||
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The round begins today! Nominate projects [on Github](https://github.com/libp2p/libp2p/discussions)! | ||
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This round of libp2p-rPGF-1 aims to disburse $125,000 USD worth of OP, with plans to grow in the future. More documentation on processes incoming soon. | ||
Lastly, we would like to thank the participants & sponsors for pushing the ecosystem forward and helping bootstrap public goods funding into the libp2p project! |
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