A few considerations for delegates before we move this to snapshot.
- Optimism is releasing 30 million in retroactive public goods funding later this year
- Plurality Labs is committed to solving the problems - This benefits Arbitrum
- The ability to run Gitcoin rounds on Arbitrum means more total funding
- We are offering to both support multiple programs AND do the work of learning and iterative improvement
When will we get to parity with OP in ecosystem funding?
- How will we scale to get to parity?
- How will we scale without the system centralizing?
- How will we create trusted boundaries on what spending is “in-bounds”?
- A 10% decrease in effectivity of funds means 350 million in waste over time
Plurality Labs is a mission focused organization
- Our goal isn’t to pass this proposal, then move on to pass for another ecosystem next month and not have time for Arbitrum. We want to design a best-in-class system with a technology and team which has continually shown it is willing to push the ecosystem to truly decentralize.
- We would not attempt other major client work until the path for Arbitrum is clear.
- Our other work is mission aligned - building fraud dashboards, sponsoring Plural QF experimentation, designing real-time fraud detection tools.
- In this proposal, we are only asking for 12.5% for services so we can get both our services AND the plural managers covered for under 20%. This isn’t just program management, but we are willing to do it for the same amount.
- We want to get to milestone 3 - this means we depend on you thinking we did a great job after these 6 months
- The fee we take isn’t evenly split across the 4 current team members. We will need to hire specialists and post bounties. We will likely need more PT help. Our profit, if there is any, would go to our mission aligned activities in the future as well. We want Plurality Labs contributors to be paid well, but not to be extractive.
Gitcoin Citizen Round just brought in $80k in donations for a $20k matching pool.
- Matching pots on Gitcoin for choosing to run on Arbitrum is immediate user growth
- Our ability to run QF rounds means more money granted including the direct donations!
- The Allo protocol allows for an open data substrate which can be used for Quadratic Funding, Quadratic Voting, and Direct Grants programs. It allows for the open analysis of results in a consistent data format with a variety of ready to use and tested tools.
- If this is broken out into a separate proposal, we will lose the ability to do many types of grant tests during our first milestone.
Iterative improvement included
- Our proposal explicitly calls for judgement for our next milestone funding to be include process improvements on top of funding outcomes
- We have a ton of “low hanging fruit” learnings from past experience which wasn’t prioritized yet, but is expected to be impactful
- If you think our process improvements might result in even a 1% effectivity gain, then you are estimating $35 million in savings over the lifetime of the DAO
- We think that there is like room for 10-20% effectivity improvements by simply reducing fraud, monitoring outcomes, and evaluating impact ($350-$700 million without compounding!)
- The current market is designing monolithic grants program solutions which can be great for creating a specific outcome, but none are perfect for the entire needs of keeping an ecosystem healthy, balanced, and growing.
Statement from Joe
Have you been in a situation where you are always focused on the next couple months priority and never get around to long-term strategy planning? This is happening to every DAO grants program. A few great ones like OP & Uniswap have realized that centralized teams must make and guide the long-term strategy. We believe the whole community can be better represented and produce more effective outcomes by using more DAO native and on-chain tools. Many of these are sitting in backlogs waiting to be built or already exist but aren’t well known.
Think of Plurality Labs as not only scouring all of web 3 to find the most effective grants program processes and software components, but also creating a playbook for how these components can be modularly assembled to create the best possible outcomes.
If you look at Atlassian Playbooks, they have compiled a list of “plays” which teams can run to make meetings suck less and deliver consistent results.
We are looking to compile a list of “plays” for the web 3 grants program playbook. We can look at successful programs like Gitcoin QF rounds or Thrivecoin engagement campaigns. We can also review other grants programs that Arbitrum may approve like Questbook. Each of these programs provides one or multiple plays which specialize in producing a specific outcome. We may also discover or even design new plays using existing or new software.
A best-in-class ecosystem grants program will:
- Find and fund the most impactful outcomes
- Source collective intelligence from the community
- Know which “play” to use to best produce a specific outcome
- Increase voter participation over time
At the end of our third milestone, we hope to provide a playbook full of proven plays with context to which situations each is best suited. We are not only delivering funding to the ecosystem, but providing long term benefits to all future grants programs! It is ambitious, but not unrealistic. We believe, as many in the DAO space do, that effectively using the wisdom of the crowd will work even better than centralizing authority which slows down innovation.
We aim to provide decentralization long-term through competency, not coercive control.