The Commons Stack Community Fund allocates extra funding to the Gitcoin Grants chosen by the Trusted Seed. We have been the #1 recipient of funds from the Panvala League every round since its inception. PRAISE. We hope to continue our success and distribute an abundance of $PAN to the Trusted Seed’s preferred Gitcoin Grants while also letting our community play with Conviction Voting! This was made possible because of the hard work of the Panvala, 1Hive, BlockScience, Aragon, and xDAI communities and several long sleepless nights from @sembrestels.
While chestnuts were roasting and everyone’s toasting, the TEC was busy building…and celebrating. Step inside our last post of a bizarre 2020 and find out what we’ve been up to and where we are going. From decentralized caroling to a Catalan Christmas log pooping wrapped xDai to a conversation on prospective TEC funding proposals, you don’t want to miss the merry insides of this wrapper. We are extremely energized for Q1 2021.
While many were relaxing and soaking in the holiday warmth with their friends and families, the TEC family was doing the same — Praise-mas!
The Commons Stack has launched another Conviction Voting instance to determine which projects will receive grant funding through the Panvala League & Gitcoin Grants matching program. This was made possible because of the hard work of the Panvala, 1Hive, BlockScience, Aragon, and xDAI communities and several long sleepless nights from @sembrestels.
Last Gitcoin round, our pilot was so successful that we decided to do the exact same thing again! Warning: This blog post may feel like déjà vu.
The Commons Stack launched a new pilot of Conviction Voting to decide how we match grant funding through the Panvala League & Gitcoin Grants program. This was made possible because of the hard work of the Panvala, 1Hive, BlockScience, Aragon, and xDAI communities and several long sleepless nights from @sembrestels.
Currently the Commons Stack Community Fund Grant is the number one Panvala League Cluster! Panvala issues funds to match donations in PAN on top of the already awesome matching that Gitcoin provides.
And we have reached Goal 4 where the funds are split equally among all 15 grants! …
A sentence or 2 at least about buybacks would be good… it’s a very curious concept and very pertinent for big biz and web3 models.
It is a hot button issue, and I would love to hear your thoughts
I don’t know if stable is the right word… it is complicated because you habe the pool of resources the Commons cam spend, which slowly grows, as people sell tokens (take profit)… that sort of stays relatively stable but the price of the token and the amount in the reserve that backs the token will vary wildly…
NOTE: This post is really only for the 30 or so White Hats that went above and beyond to help rescue $210 million dollars worth of ETH and Tokens from vulnerable multisigs. No one else really needs to read this.
Thank you to everyone who contributed to the Parity multisig recovery effort.
The WHG received a lot of donations for the successful recovery of these funds. The core of the WHG involved in this operation decided to hold back 50% of the ETH donated to create a WHG Dev Grant Program, eventually using the Giveth platform. …
Giveth is an open source smart contract platform taking charitable donations to the next level! This platform enables transparency and accountability for P2P donations, and aims to build communities around changing the world for the better!
The Giveth Core Team hopes that one day soon, charities, non-profits and open source development projects will be using Giveth’s smart contracts and UIs to fund powerful projects that can bring REAL change.
The system of charitable donations we have today is ready for a massive evolution. …