Calling out optimismFND retropgf for how it decides "public good" #publicgood washing, #realworld not really, #commons for one, #blockchain bias, #web3 isn’t actually decentralized, CeloOrg funds more public good.
From the beginning OptimismGov has aligned its blockchain with #publicgood. Eager to see this, a lot of people rushed onto the chain to help support the Pheonix vision. However, this has turned out to be #publicgood washing…
Just the same as grants from other blockchains, optimismFND now only gives grants to things that will directly benefit their blockchain. With this logic all grant giving blockchains are doing retroactive public good funding.
realworld value is largely skipped by this funding. We helped on creating an application for dMeter4dmrv to fund further creation of the dMRV system and have some of our contracts deployed on BuildOnBase (a side chain of Optimism, who’s operations benefit Optimism), no luck.
dMeter has helped build #dMRV infrastructure that enabled data backing of regenerative actions (like tree planting and landscape regeneration) around the world. dMRV is a key piece to empower #refi to bring #realworldvalue.
Most environmental public good projects out there would not be able to prove their alignment with
optimismFND as dMeter tried to do, so where does the #publicgood funding go- well check out the RetroPGF round projects. Some are good but it’s rampant with influencers #NFTs #game
Public goods are meant to be non excludable and non rivalrous… however the #commons that
optimismFND is supporting not only exclude the projects not building on their #blockchain but also projects that have not yet adopted #web3 tech. #blockchainbias
Ideally if RetroPGF included more real world public good it’d be open to everyone. In order to be eligible for RetroPGF its a lot easier if you know or are known by the people that say if a project is eligible or not. These people earned their votes, through being in web3.
A lot of them have created #crypto projects and made millions along the way- great however they are now channeling further funds to people they’re friends with… and calling it RetroPGF. While in reality it creates further centralization and wealth divides.
CeloOrg has funded projects not yet building on their blockchain as well as projects that haven’t adopted #web3 technology because they recognize the #publicgood and the #regen potential.
This thread is meant to incite a debate and bring further thought towards optimismFND RetroPGF funding process. It’d be great if we could further support #ReFi in creating #realworldvalue on
optimismFND. While the #climatecrisis looms over we’re failing to see the pheonix.
Original Twitter thread: https://twitter.com/Avano_io/status/1721140103362314510