Key Takeaways:
- Gitcoin has deployed $4.75M in funding on Arbitrum in 2024, with $3.67M from our matching fund: gitcoin.eth
- Received ~350K ARB across two grants, fully reallocated or used for active governance
- Expanding beyond QF with milestone-based grants, retro funding, and custom builds
- Actively seeking community input on pilot programs and specialized grants
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Hello Arbitrum Community,
I’m the Head of Grants at Gitcoin. I’d like to review our relationship with Arbitrum throughout 2024—clarifying our contributions to the ecosystem and outlining our vision for continued collaboration.
Why this post?
Numerous discussions have revealed some confusion about Gitcoin’s role and contributions. We hope this post provides clarity and a roadmap for the future.
Our Investment in the Arbitrum Ecosystem
At ETHDenver 2024, following the sunsetting of PGN (Gitcoin’s previous L2 initiative), we had to choose where to anchor our future grant operations, particularly for GG20, a landmark round for our renewed focus on open source software. We chose Arbitrum as both a network and a long-term strategic partner. Our shared ethos—a commitment to Ethereum infrastructure, scaling solutions, and public goods—made this a natural fit.
Early engagement with Arbitrum occurred through intermediaries like Thrive (formerly Plurality Labs). While this arrangement yielded positive outcomes, it also introduced complexity in communication and accountability, leading to misunderstandings in recent conversations with DAO stakeholders.
Throughout 2024, we demonstrated our commitment by making all OSS Gitcoin Grants rounds run on Arbitrum, and, more importantly, we encouraged our ecosystem partners and community rounds to deploy on Arbitrum.
2024 Impact: A Picture of Contributions
From January through December 2024, we facilitated 372,846 transactions on Arbitrum, with a total ecosystem impact of $4.75 million distributed through two main channels:
Primary Distribution Channels
- $3.67M directly from gitcoin.eth—our community-entrusted matching funds (rounds linked below - more details under each link)
- $1.08M deployed through both community and partner rounds
- GG20 Community Rounds: GG20 Community Rounds Announced - 🌱 Gitcoin Grants - Gitcoin Governance
- GG21 Community Rounds: GG21 Community Rounds Announced - 🌱 Gitcoin Grants - Gitcoin Governance
- GG22 Community Rounds: GG22 Community Rounds Announced - 🌱 Gitcoin Grants - Gitcoin Governance
- Within the partner rounds, we received and redistributed 150K ARB tokens through a dedicated Arbitrum Round in GG21, operated without taking any fees
The link below shows you the data for all grant rounds Gitcoin ran in 2024 for all chains. The link is from RegenData, and you must register for an account to access it.
https://app.regendata.xyz/dashboard/9-allo-usage-in-2024-indexer
Community Participation Breakdown
- $277K USDC equivalent in direct community donations across all Gitcoin Grants rounds on Arbitrum, including main program OSS rounds (GG20, GG21, GG22) and partner ecosystem rounds
Arbitrum Support Recognition
The Arbitrum ecosystem did provide some funding directly to Gitcoin via Thrive. For our work in GG20, we received 200K in ARB tokens, which we’ve used to participate actively in governance through delegation.
Looking Forward
As we enter 2025, we aim to build scalable funding infrastructure for Arbitrum beyond quadratic funding. Based on discussions with delegates and community members, this infrastructure would include:
- Direct Grants: Targeted support for infrastructure, protocols, or community-driven initiatives
- Retro Funding: Rewarding impact, such as successful launches or developer tooling that benefits the ecosystem
- Novel Mechanisms: Building custom allocation frameworks that meld into Arbitrum’s data and governance infrastructure and promote data-driven decision-making
We have closely followed the incentives detox discussions and understand the landscape as Arbitrum moves into its next phase of ecosystem programs – specifically in facilitating efficient and data-driven decision-making and accountability. As an allocation partner, we can provide value through:
- Products: Building integrated tools for Arbitrum to launch and manage a variety of distribution strategies
- Best Practices: Sharing our experience and collaborating with experts to design the next generation of programs suited to Arbitrum’s mission and goals.
- Collaboration: We want to work directly with Arbitrum stakeholders to build tools that deliver real value for your ecosystem. While we bring experience from other ecosystem programs, we believe the best solutions will come from partnerships with the community
Continued Commitment to Growth
While we’re excited about these new avenues for collaboration, our core commitment to supporting builders through Gitcoin Grants remains strong through a new multi-mechanism future. Heading into 2025, $4M+ is already allocated for Gitcoin Grants rounds on Arbitrum, underscoring our long-term investment in the ecosystem.
While these numbers demonstrate our commitment to Arbitrum, this is just the beginning. Share your thoughts or reach out directly to discuss how we can help address your ecosystem’s needs.
Thank you for your continued engagement as we work to build a stronger, more direct partnership with the Arbitrum community.