About Retroactive Public Goods Funding

#DAO #Web3.0 #Ethereum

Karl and Vitalik talked about retroactive public goods funding on the recent EthOnline click-off ceremony.

This idea was raised as we learnt there are lot of coin voting failures, such as the one with EOS and the Hive fork.

The idea of retroactive public goods funding is fund only goes to the public good that showing to have an actual impact. Instead of funding public goods ahead of time, and hope that it’s going to do some good over time.

Project Token

• Before the project hit the market, the project team can pre-mined project tokens and sell it on Defi platform like Uniswap, to exchange for tokens for some fundings.
• After the project started providing public good value, someone can just buy up these project tokens thereby everyone who holds these tokens will also be benefited from the increase in value.
• Legitimacy
• Creating value at the same time provide incentive motivation

The Retroactive Public Goods Funding Oracle

Reference

reference #1: Moving beyond coin voting governance

reference #2: ETHOnline 2021 | Kick off Talk Retroactive Public Goods Funding excerpt

reference #3: Retroactive Public Goods Funding