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Seeking sponsorship for Mission Request titled Additional Revenue Sources to Fund RetroPGF Rounds

@lefterisjp this may be up your alley given your recent tweet thread :eyes: ?

[Draft] Additional Revenue Sources to Fund RetroPGF Rounds

Delegate Mission Request Summary:

Funding RetroPGF currently relies entirely on just two sources: (1) the initial OP allocation and (2) sequencer fees. The former will eventually be depleted, whilst the latter requires Optimism sequencer fees’ revenue to grow ~25x to fund two RPGF3-sized rounds per year. Aside from growing momentum, we should consider building additional sustainable revenue sources for RetroPGF, or run the risk of RetroPGF distributions getting ~decimated whilst sequencer fee growth is catching up.

This Mission Request calls for mission teams to work on building additional revenue sources to fund future RetroPGF rounds.

S5 Intent Please list the Intent your Request aligns with here:

2 - Grow the Superchain

Proposing Delegate:

[…]

Proposal Tier:

Ember

Baseline grant amount:

300k OP (25-100k per alternative revenue source exploration)

Should this Foundation Mission be fulfilled by one or multiple applicants:

Multiple

Submit by:

To be set by Grants Council

Selection by:

To be set by Grants Council

Start date:

If applicable

Completion date:

12 months after being chosen for the grant.

Specification

How will this Delegate Mission Request help accomplish the above Intent?

RetroPGF is one of the driving forces of Optimism’s push for the Superchain, but the current funding sources for RetroPGF are unsustainable and/or insufficient to sustain RetroPGF at its current size, putting the continuity of RetroPGF at risk. This is problematic as retroactive funding only functions as an incentive mechanism for present-day work if contributors can plausibly count on it to be rewarded in the future.

This mission request aims to result in diversifying the revenue sources for RetroPGF, increasing the program’s resilience and ultimately ensuring the continuity of funding for one of the driving forces for growing the Superchain.

In addition, it is likely that mission teams contributing to this mission request will end up building new funding primitives on Optimism leading to further progress to growing the Superchain.

What is required to execute this Delegate Mission Request?

  • Teams participating in this mission should have demonstrable experience designing and deploying a novel smart contract (i.e. not exclusively a fork of an existing project)
  • Team members should have experience interacting with DeFi fundraising protocols
  • Teams are required to submit a proposal, which should at minimum include:
    • Design direction to be explored
    • Back of the envelope calculations of scope of funding that could be contributed
    • Intended deliverable
    • The main team members and their relevant past experience
  • At the end of each quarter, teams are required to post a progress report on the forums detailing their work and high level plans for the next quarter
  • By December 2024, teams are required to submit a final report detailing their work and the resulting deliverables.

How should the Token House measure progress towards this Mission?

  • Assess viability of revenue sources for funding RetroPGF
  • Monitor additional funding contributions to RetroPGF
  • Assess sustainability of funding during each RetroPGF round in 2024
  • Read quarterly reports posted on the forums by each mission team
  • Assess the quality of the final report presented by each team

How should badgeholders measure impact upon completion of this Mission?

  • Measure the absolute # of new revenue sources for funding RetroPGF
  • Measure the absolute $ contributions of new revenue sources for funding RetroPGF
  • Measure the relative growth of $ contributions of the new revenue sources over time
  • Assess sustainability of RetroPGF funding for future rounds
  • Assess mentions of RetroPGF funding sustainability as a topic on the internet and at conferences

Have you engaged a Grant-as-a-service provider for this Mission Request?

No

Has anyone other than the Proposing Delegate contributed to this Mission Request?

Yes, @garm - wrote first draft of this Mission Request

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