Hedgey RPGF grants final project updates

Tell us about yourself, what you are building, and why you chose to work on it.

Hi, I’m Paul - Project Manager for Gardens :seedling: - our team is a globally-distributed crew of web3 builders:

  • Felipe Novaes Rocha, Lead Developer
  • Mati0x, Lead UI/UX
  • Lucho, UI/UX
  • Kevin, Developer
  • Rodrigo, Developer

We’re building a platform for novel spending strategies! Our focus is on scientifically-backed mechanisms like Conviction Voting and Quadratic Funding, which we’re packaging in a simple but powerful ecosystem-level coordination mechanism, and a fun, friendly UI.

The first funding mechanism we built is a Conviction Voting strategy modeled after 1Hive Gardens. As contributors in the 1Hive ecosystem, we feel this platform has enormous potential for public goods and for the ROI for ecosystem grants programs, and it deserves to be rebuilt on modern infrastructure and improved to help grow the Optimism Network.

How has the last month been? What did you learn? How has your idea evolved?

Some of our key milestones from the last month in Backdrop Build:

  • Created 4 point systems for governance weight: Fixed, Capped, Unlimited and Quadratic
  • Built subgraphs and fully integrated our frontend to the smart contracts
  • Fuzz tested contracts and made some key fixes
  • Designed a refined version of the frontend to implement for public beta launch (ETA 1 month)

The creators and modelers of Conviction Voting are PhD’s in Math and Economics, so we were committed to not compromising on any of the math. This proved to be quite the challenge since we built our version on a new framework (Allo Protocol) and with new Point Systems that introduce custom governance weight.

We learned a LOT about the solidity implementation of Conviction Voting pioneered by our foremothers and fathers, and in the end we pulled it off.

What does the product/idea look like today? Share videos, images, demos, and anything else that helps people see what you are working on.

Tell us about any traction / adoption you’ve had over the last month.

  • Interviewed for Season 4 of the GreenPill Podcast, which is themed “Lean, Mean Capital Allocation Machines.” Episode dropping in April!
  • Several large web3 projects with significant treasuries have expressed interest in using our platform.

Is your product Optimism/Superchain native and will it continue to be?

We are building an Optimism ecosystem on Gardens that is dedicated to attracting builders to the network. If granted this $OP, the majority of our grant will directly fund these Conviction Voting Pools.

While we plan to deploy on networks as well, our Optimism community on Gardens is and will always be Optimism-native.

How will your product/idea move the Optimism ecosystem forward?

Conviction Voting is indeed a “Lean, Mean, Capital Allocation Machine.” Our CV Pools on Optimism will be dedicated to attracting strong builders, apps, and infrastructure to the network efficiently and with high ROI.

This is because Conviction Voting replaces a lot of the manual administrative overhead needed in other grants programs with algorithmic, parameterized governance. It is a fantastic mechanism for scaling funding for the entire Optimism ecosystem.

What’s the big vision of your product/idea beyond what it is today?"

We are building to grow ecosystems in 3 phases:

Phase 1 (2024-25): web3 open source software
Phase 2 (2026-27): all open source software
Phase 3 (2028 and beyond): all public goods

By iterating on our design and UX/UI over time to make the platform more effective and more accessible for n00bs, and by consistently adding to our library of community funding mechanisms and coordination strategies for any community, we can serve as a grassroots platform that grows non-private goods for the entire planet.

If you win, how will you use the funding?

  • 80% will go to Conviction Voting pools in the Optimism Ecosystem community we’re setting up on our Platform
  • 20% will go to contributor compensation for our team.

If you win, what are you focused on over the next three months? What do you want to accomplish?

April:

  • alpha testing
  • security audit
  • gitcoin passport integration
  • proposal disputability flow
  • public beta launch
  • first Optimism Community created and CV Pool funded

May:

  • add Streaming Proposals
  • add modules to view treasury sources
  • add on-page metrics to view Pool and Community data
  • $100k TVL
  • 5+ active communities
  • 10+ active Funding Pools

June:

  • add a Quadratic Funding Strategy
  • add a Continuous Election strategy
  • $200k TVL
  • 10+ active Communities
  • 20+ active Funding Pools

Share links…

(as a new user in the forum I’m capped at 2 links I can add)
Github: https ://github.com/1Hive/gardens-v2
Twitter: https ://twitter.com/gardensdao
Discord: https ://discord.gg/7ACpxpcKeb

Anything else we should know? Share it here.

Gardens has been funded entirely by grants, donations, DAO funding proposals, and hackathon winnings. Grants like this have let us stay 100% community-owned, which we hope to remain forever.

2 Likes