This interview is a part of our on-going series, where we highlight our epoch 2 participants.
What's DAO Drops?
DAO Drops is the public goods arm of dOrg, an OG services DAO that builds dapps and other web3 infrastructure. The aim of DAO Drops is to Drop open source tools for decentralized communities.
Why should you vote for DAO Drops in epoch 2?
We are creating forkable primitives for communities to run their own funding rounds in ways that more intelligently capture the wisdom and experience of stakeholders in decision making. After our Round 1 Drop, many communities reached out to us asking if they could implement DAO Drops in their own context: from other blockchain communities, to impact collectives, and local ETH communities. Your community vote for DAO Drops directly makes this toolset, and successive ones we are developing, widely available as legos!
Cool metrics:
- Distributed $250,000 to a range of lesser known and lesser visible projects in the Ethereum ecosystem, including individuals.
- 57 recipients: median grant size: $3,056 , largest grant: $18,185. Many recipients were surprised to receive funding and it made a large difference in their ability to deliver more public goods.
- DAO Drops took retroPGF one step further by assigning the responsibility of impact evaluation to thousands of pseudonymous addresses based on past on-chain activity. - You can read the full DAO Drops Round 1 Report here.
- Our second Drop enhances the allocators’ addresses list with more suggestions from participants, and it makes instructions available for you to generate your own list! It also includes a forkable version of pair-to-pair voting, to further reduce the popularity contest dynamic common in retroPGF.
Progress since epoch 1:
Over the past few months, our team has been dedicated to building our 2nd iteration: a decentralized capital allocation primitive for communities. This iteration empowers communities to engage in co-budgeting, directing funds to projects aligned with community goals with minimal overhead. The mechanism leverages random sampling and pairwise comparison, enabling large voter sets to allocate funds across impactful projects. The goal is to ensure a fair distribution that avoids popularity contests.
Communities will also be able to tailor the primitive for their own needs through a Voter Scoring Script that allocated voting power to individuals based on on-chain or off-chain datasets.d
➡️ Follow on X at @dao_drops
➡️ Read the DAO Drops update on our forum
☔️ Vote for DAO Drops this epoch
