Grow Open Source: Gitcoin + MakerDAO
Growing open source software by deploying Dai stableprice bounties on Open Source infrastructure issues
The MakerDAO and Gitcoin teams are happy to announce a partnership to post $10,000 Dai of Gitcoin bounties on leading Web3 and OSS repositories. The funding for these bounties will be coming from The Stable Fund, a joint venture between L4 Ventures and MakerDAO.
The Stable Fund is an investment fund started by L4 Ventures, in partnership with MakerDAO. We help startups using the…stable.fund
For those unfamiliar with MakerDAO and the Dai Stablecoin System, Dai is a decentralized ‘stablecoin’ that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
After initial interest in seeing the Dai stablecoin on Gitcoin, leading projects including Augur, uPort, and MetaMask have posted bounties on Gitcoin. Following these initial successes, the MakerDAO and Gitcoin teams have decided to team up to bring more Dai bounties to Gitcoin.
In this Phase One bounty program, here are our stated goals:
- Impact 3–5 OSS projects with ~$2K — $3K worth of Dai based bounties
- Get $75 — $250 Dai in the hands of 40+ individual developers and designers and interview them on their plans for next steps with their Dai
- Provide ~$10K worth of bounties on OSS infrastructure repositories
We’ll be analyzing the results of these bounties in terms of a) progress on these open source repo’s and b) what bounty hunters choose to do with their Dai, once received. From here, a Phase Two bounty program is possible, including bounties on soon-to-be open-source repo’s in the MakerDAO ecosystem.
The first $1,000 worth of Dai will be used on core Ethereum repositories, in order to bring more developers into the fold of the core infrastructure work we are doing in Web 3. While these repo’s are well funded,
While the initial Ethereum Foundation bounties kick off, the MakerDAO and Gitcoin teams will be working together to get your feedback on other strong OSS and web3 projects which could use a nudge to bring talent to their repo’s.
In the coming week or two, be on the lookout for the initial bounties on the Ethereum Foundation repositories and a Twitter poll to get your thoughts on where the bounties should be placed. We are excited to grow open source alongside the MakerDAO team!
To learn more about Gitcoin, click below. We welcome you on our journey to grow open source and change the way we work.