Retro Funding Round 4
The Optimism Collective’s fourth round of Retroactive Public Goods Funding (Retro Funding) took place in the Summer of 2024. Retro Funding 4 allocated 10m OP tokens to reward onchain builders who have deployed contracts to the Superchain and contributed to the success of Optimism.
You can find a full overview of Retro Funding Round 4: Onchain Builders here (opens in a new tab).
Process Overview
- Sign up: May 23rd - June 6th
- Application Review Process: June 6th - June 18th
- Voting: June 27th - July 11th
- Results & Grant delivery: July 16th
Results
👉 You can view the Retro Funding 4 Results page (opens in a new tab) announcing the Retro Funding Round 4 recipients, and explore the results calculation (opens in a new tab).
Retro Funding recipients must complete a KYC process with the Optimism Foundation. If you're a recipient, please direct questions or problems with the KYC & grant delivery process to [email protected].
Voting
👉 Voting was live from June 27th - July 11th.
The thesis behind Retro Funding 4 is that by leveraging quantitative metrics, badgeholders are able to more accurately express their preferences for the types of impact they want to reward, as well as make more accurate judgements on the impact delivered by individual projects. This means during round 4, badgeholders did not vote on individual projects.
- Vote by selecting and weighting metrics: Badgeholders voted by selecting and assigning weights to various impact metrics. Each metric comes with a description and a link explaining its calculation.
- Votes are public: Since badgeholders voted on metrics instead of projects, concerns about coercion and social pressure are reduced, which is why votes will be public following the voting process. The content of badgeholder's ballots, impact metrics and their weights as well as OS multiplier, were made public following the voting period.
- Results calculation via Median: Results were calculated based on the median of the OP allocations assigned by badgeholders. Results were normalized to match the round size.
- Max/Min allocation per project: The maximum badgeholders could allocate to a project, as a result of the weighted metrics, is 500k OP. If a project meets that limit, the excess OP are proportionally allocated to remaining projects. Following results calculation, all projects who receive less than 1,000 OP will not be eligible to receive rewards. This barrier exists due to the operational lift of distributing grants. The OP allocation of these projects were proportionally allocated to remaining projects.
The voting app for Round 4 can be found here (opens in a new tab).
Badgeholders can find all the information relevant for voting in the Badgeholder Manual (opens in a new tab)
Project Applications
👉 Projects are able to apply for Retro Funding rounds via retrofunding.optimism.io (opens in a new tab)
All projects for Retro Funding Round 4 had to create an Optimist Profile, which serves as builder's persistent identity across the Collective. You can read more about this here (opens in a new tab).
You can learn more about future Retro Funding rounds here (opens in a new tab). If you're looking for inspiration on what you could contribute to the Optimism Collective, check out contribute.optimism.io (opens in a new tab).
Badgeholders
In Retro Funding 4, 108 out of 133 badgeholders submitted their ballots.