Episode 10: Kevin Owocki | Gitcoin - Public goods, quadratic funding, and sybil resistance
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Status
A discussion and Q&A session with Kevin Owocki, founder of Gitcoin and contributor at Gitcoin DAO. Recorded on September 7, 2021.
Event Brief & Resource Links: https://docs.google.com/document/d/1P-FrhpJir3vGh_Al3q2Smj1-dJhhC1uZ/edit?usp=sharing&ouid=116396324851853457642&rtpof=true&sd=true
URL:
Title: GitCoin, An Open Source Crowdfunding Paradigm for #Web3
Description: @Gitcoin is a #crowdfunding platform for open-source public goods governed by the people who use it. Hear @owocki describe how they combined the innovative methods of #quadraticfunding and strong #SybilResistance to create a new system for rewarding the best projects - Hosted by @humptycalderon
Accounts being tagged: @owocki @gitcoin @humptycalderon
Hashtags being used: #web3 #crowdfunding #quadraticfunding #sybilresistance
Key Moments
Started Gitcoin in 2017 to capture and distribute value to public goods.
Double sided market for access to funding
Bounties & Hackathons
Grants
Matching campaigns every quarter
Uses quadratic funding to drive funding to the best projects
What is Sybil Resistance and why is it important for quadratic funding?
Making it economically unviable to game the system by creating false user accounts
ProofOfPersonhood.com - take your Sybil resistance verification across web3, doesn't share other personal information, just verifies your Sybil score
Gitcoin DAO
Goal was to align the mission of Gitcoin of being a public goods funding source with the users.
Distributed GTC tokens to users who participated in past funding rounds
Stewards govern funding rounds every quarter
40-100 Stewards are the main people active in governance.
~95% of people chose to delegate their tokens to one of the Stewards
Moving toward full decentralization of development and other core functions
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