Shaping -> tomorrow
by rewarding <- yesterday

RetroPGF (Retroactive Public Goods Funding) is a mechanism that rewards public goods based on proven impact.

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What makes RetroPGF Special

Recognition  of Past Impact

It’s easier to calculate the value of completed work than to predict future impact. RetroPGF flips the grant model, rewarding work that’s already done!

Community Empowerment

RetroPGF lets communities steer the direction of public goods projects, and allocate funds to what has provided impactful value to the ecosystem.

Incentivizing Long-Term Impact

RetroPGF fosters innovation by removing funding pressures, attracting top talent from private startups, and creating sustainable paths for public goods builders.

How it works

STEP 1

A funding pool is allocated and eligibility criteria are defined

At the start of each RetroPGF round, funds are allocated from sources like ecosystem treasuries or external partnerships.

Eligibility criteria are defined to guide which projects qualify, ensuring alignment with community goals and making the process transparent for builders seeking support.

STEP 2

Projects submit applications and are reviewed

Projects submit their applications, which are evaluated based on predefined criteria.

Reviewers assess factors like impact and alignment with community objectives, ensuring only high-value projects move forward in the funding process.

STEP 3

The community votes

The community or a group of experts (e.g. Badgeholders) vote on which projects should receive funding.

The voting process is flexible, allowing different methods like Quadratic Voting to prioritize projects with broad community support.

STEP 4

Funds are distributed based on voting & distribution criteria

Selected projects receive funding based on the community vote. Distribution can be immediate or spread over time, ensuring sustainability and alignment with community-driven goals while supporting impactful work.

Projects using RetroPGF

RetroPGF in the real world

Retroactive Public Goods Funding is not a new concept. In fact, you probably came across it before with awards that recognize human achievement like the Nobel Prize.

Currently, it’s being popularized in the crypto space with projects like Optimism, who led the way when they announced their first RetroPGF round back in 2021. Since then they have distributed over $100 million dollars worth of funding! 🤯

Elinor Ostrom receives the Nobel Prize in Economic Sciences

Tools for RetroPGF

Easy RetroPGF

Gitcoin

Easy RetroPGF is a user-friendly tool designed to make it simple and straightforward to run RPGF rounds, particularly in the style of Optimism

Potlock

Near

Allows anyone to generate & deploy end to end funding mechanisms to move value and evaluate impact across different new generation blockchains.

Pairwise

General Magic

A fun pseudonymous way to signal in Retro Funding rounds

KarmaGAP

Karma

Web3 Grantee reputation and impact measurement.

OS Observer

Open Source Observer

Free analytics suite that helps funders measure the impact of open source software contributions to the health of their ecosystem.

Superfluid

Asset streaming protocol that brings subscriptions, salaries, and rewards to DAOs and crypto-native businesses.

EAS

Ethereum Attestation Service

Open-source public good for making attestations onchain or offchain.

Hypercerts

Hypercerts Foundation

Open-source protocols for funding and rewarding positive impact

DeVouch

Giveth

On-Chain Vouching via Attestations

GrowthePie

Layer 2 fundamentals and blockspace analytics.

Charmverse

The solution for token communities to build relationships, work together and vote.

OP GovGraph

Trusted Seed

Innovative approach to visualizing and understanding the relationships within governance ecosystems.

Metrics Garden Labs

The onchain tool that enables you to know who is benefiting from your contributions, and how.

Latest news

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Retro Funding Round 6 is Now Live: Optimism’s Focus on Governance Impact!

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FAQs

Find answers to commonly asked questions about RetroPGF and how it rewards projects for their positive impact on the world.

Where does the money come from?

This depends on which community or protocol is implementing that RetroPGF round. In the crypto space it usually comes from either protocol revenue, donations or yield.

Why would a project distribute a RetroPGF round?

Projects usually distribute RetroPGF rounds (or any other grants) to fund what normally does not have a revenue model (i.e. Public Goods) but encourages adoptions of their protocol or ecosystem. Rewarding those who provide value/impact to the community.

Who can vote in RetroPGF rounds?

In its short history, most RetroPGF rounds have limited voting to core community members (e.g.badgeholders) however this is not a requirement. There are applications that have used quadratic voting to allow nearly anyone to participate in RetroPGF (e.g. Potlock) or applications that strike a middle ground that allow a broad stakeholder groups to participate with different levels of influence (e.g. Pairwise).

How are funds allocated in RetroPGF rounds?

This depends on the criteria set by a particular RetroPGF round. Sometimes there is a “theme” to the round, and a set criteria of what impact or metric determines how much funding a project could receive. Sometimes it is more broad, and completely subjectively allocated by voters.

Where can I stay up to date on Retroactive Public Goods Funding?

Sign up for our newsletter here, and follow our community on X where we share updates on funding rounds and everything happening in the web3 RetroPGF ecosystem.