LUKSO Community Grants Round: Results and Insights

The LUKSO Community Grants Round with Gitcoin successfully wrapped up on September 26th, marking a significant milestone in the growth of the LUKSO ecosystem. This round, leveraging the power of Quadratic Funding (QF), aimed to support participating projects that enhance and expand the LUKSO network through community-driven initiatives. The results showcase the strength and engagement of the LUKSO community, setting a promising foundation for future development.

Round Philosophy and Objectives

The vision for this round was to cultivate an ecosystem where every project’s success strengthens the entire community. The round emphasized three key objectives:

1. Supporting projects with previous contributions to the LUKSO ecosystem.
2. Encouraging wider Web3 community involvement through donations.
3. Fostering innovation and development within the LUKSO ecosystem.

The round’s philosophy centered on:

• Collaborative Approach: Encouraging projects that complement existing initiatives rather than competing directly against them.
• Long-term Vision: Valuing projects demonstrating a commitment to sustained impact and growth.
• Community-Driven Success: Emphasizing positive community engagement to influence future funding opportunities.

Eligibility Criteria

Projects were evaluated based on criteria to ensure high-quality contributions to the ecosystem:

Technical Projects (dApps, protocols, dev tools)

• Integration of Universal Profiles (UP)
• Utilization of LUKSO Standard Proposals (LSPs)
• Working MVP demonstrating Universal Profile integration and LSP’s

Non-technical projects (community initiatives, education)

• At least three months of active and continuous participation within the LUKSO community before the round

General Criteria

• Clear demonstration of value creation for the LUKSO community
• Proactive approach to self-marketing and community engagement
• Feasible roadmap with clear milestones and deliverables
• Ethical standards including no hateful content, deception, or fraudulent activities

Round Overview

• Matching Pool: 25,000 LYX
• Total Raised by Crowd: $18,067.03 (equivalent to 10,565.51 LYX at $1.71/LYX)
• Number of Unique Projects: 30
• Number of Unique Voters: 196
• Matching Cap: 10.00%

Community Engagement and Funding Distribution

The inaugural LUKSO Community Grants Round saw exceptional community participation, reflecting the ecosystem’s vibrancy, interests and commitment to growth.

Key metrics highlight the round’s success:

• Percentage of Matching Pool Raised: The crowd contributed an impressive 42.26% of the matching pool value!
• Median Donor Contribution: $5.24
• Average Donor Contribution: $33.36
• Maximum Donor Contribution: $1,702.52

This level of engagement provides crucial funding to promising projects and is a powerful signal of the community’s priorities and interests within the LUKSO ecosystem.

View the Round Scorecard here: https://reportcards.gitcoin.co/42/7

Methodology: Ensuring Fair and Sybil-Resistant Funding

To ensure fair distribution of funds and guard against potential manipulation, Gitcoin employed an enhanced Connection-Oriented Cluster-Matching (COCM) method. This sophisticated approach goes beyond traditional quadratic funding by quantifying the coordination levels of supporter groups based on shared social signals.

Key benefits of COCM include:

Sybil Resistance: Identifying and mitigating the impact of potential Sybil attacks or coordinated voting efforts.

Fair Distribution: Prioritizing projects with broad, genuine community support in fund allocation.

Network Analysis: Providing insights into the ecosystem’s health and interconnectedness by analyzing relationships between donating wallets.

The implementation of COCM led to shifts in fund allocation compared to traditional QF, ensuring that LUKSO’s resources are directed toward the most promising and legitimately supported initiatives.

Visual Analysis of Round Results

A visual representation of donor-project connections offered valuable insights into the round’s dynamics:

• Projects clustered towards the center of the graph received donations from wallets with multiple connections to other projects, indicating broader, more diverse community support.
• Projects on the periphery showed more focused or niche support.
• The absence of large, isolated clusters suggested a clean round with minimal manipulation attempts.

This visual analysis and our COCM calculations provided a comprehensive view of the ecosystem’s health and the genuine support behind each project.

Top Performing Projects

Based on the final COCM calculations, here are the top 10 projects in terms of matching funds received:

1. Sigmacore RPC Services (2,197.26 LYX)
2. upturn (2,183.07 LYX)
3. KEEZ (1,991.77 LYX)
4. Stakingverse (1,969.28 LYX)
5. UFeed (1,926.10 LYX)
6. Universal Page (1,652.13 LYX)
7. speedrunLUKSO (1,427.25 LYX)
8. Kitso (1,320.13 LYX)
9. un1.io — Tip Tap Toe (1,266.75 LYX)
10. Defolio (1,266.71 LYX)

These projects represent diverse initiatives, from infrastructure improvements to user-facing applications, reflecting the community’s balanced approach to ecosystem development.

For a complete list of project results, please visit: https://reportcards.gitcoin.co/42/7

What this means for the LUKSO Ecosystem

The success of this funding round has several positive implications for the LUKSO ecosystem:

Community Confidence: The high participation rate signals strong confidence in the LUKSO network and its prospects — thank you to all project participants and donors for making our first community grants round a great success!

Project Quality: The willingness to contribute above-average donations suggests that the community perceives high value in the funded projects.

Development Momentum: Such robust backing can accelerate the development and deployment of funded projects, potentially leading to faster ecosystem growth.

Talent Attraction: High community engagement and funding levels can attract more developers and innovators to build on LUKSO, further enriching the ecosystem.

This funding round for the LUKSO ecosystem has demonstrated the power of community-driven funding and the strength and commitment of the LUKSO community. The diverse range of funded projects, from technical innovations leveraging Universal Profiles and LSPs to community-driven educational initiatives, paints a picture of the beginning to a well-rounded ecosystem positioned for sustainable growth.

The exceptional matching rate of 42.26% and widespread participation from 196 unique voters set a new benchmark for community engagement in future funding rounds. As these participating projects take shape, they will showcase the true potential of grassroots support in driving ecosystem growth and innovation while adhering to LUKSO’s unique technological standards and community values.

Thank you to everyone who participated in our very first Community Grants Round with Gitcoin! We look forward to seeing how each project continues to grow in the LUKSO ecosystem. 🌱