Optimism Launches Second Round of Retroactive Public Goods Funding

Introduction to Optimism's Funding Initiative

Optimism has unveiled the second round of its Retroactive Public Goods Funding, aiming to distribute 10 million OP tokens to support public goods in January 2023. This initiative is designed to enhance the development and use of the OP Stack, a crucial infrastructure in the Optimism ecosystem.

Nomination and Selection Process

From January 3 to January 17, 2023, the Optimism Governance Forum will be open for nominations. Individuals can nominate projects or persons they believe deserve funding. To qualify, nominees must create a project profile on the Gitcoin Grants Hub by January 24, 2023. This structured process ensures transparency and encourages community participation in selecting deserving projects.

Introduction of the Citizens’ House

Coinciding with the funding round, the first version of the Citizens’ House will be introduced. This initiative represents a one-person-one-vote model, paralleling the Token House in the Optimism Collective. It underscores the commitment to democratize decision-making and promote equitable participation within the community.

The Philosophy Behind Funding Public Goods

The initiative underscores the belief that developing public goods should be financially rewarding. This approach is not merely altruistic but integral to fostering sustainable growth and innovation within the ecosystem. By incentivizing the creation and maintenance of public infrastructure, Optimism aims to drive long-term benefits for its community.

Conclusion

Optimism's second round of Retroactive Public Goods Funding is a significant step towards empowering community-driven projects. With a robust nomination and selection process, alongside the introduction of the Citizens’ House, Optimism reinforces its commitment to equitable growth and innovation. This initiative not only supports the ecosystem but also aligns with the broader vision of making public goods development profitable and sustainable.