🚧RPGF

Retroactive Public Goods Funding

🚦 🚧 Under Construction 🚧 🚦

🚦 🚧 Under Construction 🚧 🚦


What is RPGF?

RPGF or Retroactive-Public-Goods-Funding is a model for distributing ecosystem rewards to projects that have proven some material level of measurable impact. Effective for acknowledging positive results from top performing applications and incentivizing their further action; Retroactive Public Goods Funding provides additional resources to the teams creating the largest (non-spam, non-null) on-chain footprints.

🤔 How Does RPGF Work?

Once projects mature enough to pass the threshold for qualifying as an RPGF candidate; there is a simple and straightforward four step process:

1) Nominations

Nominations are a period of time where the general public is given a chance to submit contenders for the RPGF program (self-referrals are ignored). Projects, users, and any other kind of entity will provide the names of their nominees, a description proclaiming the benefits/impacts/importance, links to their channels, and a proof of their individuality (signature/social post/etc...).

*Nominees are required to receive multiple submissions on their behalf; the minimal nomination rate will depend on the landscape of active candidates, RPGF pool size, and preceding cases.

2) Committee Evaluation

Once a group of Nominees has been selected, they group is passed onto the Delegate Committee for review. The Committee is composed of a broad range of active ecosystem members (must have $ATLA staked) that will evaluate all the potential candidates and vote on what they deem to be the most worthy.

*Any single nominee must accumulate more than a superminoirty of votes (~33.3%) in order for them to be inducted; if two projects each receives 33.3% each, they split the RPGF round. If there are 10 nominees and nobody reaches the 33.3% level, voting continues indefinitely (or unless abruptly cut by the governance module).

3) Results Announced

A public ceremony is held to translate the results of the RPGF round to the community. Winners are announced, runner-ups are encouraged to re-submit, and the countdown to next RPGF round begins.

4) Funding Dispersed

Funds are dispensed to their winners, as defined by the terms of the RPGF round.

*Terms for the transference of funds are pre-determined in the specifications of each individual RPGF round.

📜 Criteria

In order to qualify for consideration into the RPGF, projects are required to exceed a minimal quantitative standard:

  • Operational (Mainnet) for over 9 months (270 days)

  • At least 500,000 unique addresses (lifetime)

  • At least 200,000 active addresses (monthly)

  • At least 2.00 $ATLA in gas was consumed by project SC* (only applicable to dapps)

  • there are a slew of entity specific nuances that are applied on a case-by-case basis; such as total number of ecosystem partners/cross-integrations, social media audience (quality + quantity),

Only after all of the above metrics have been satisfied, does a project become capable of entering the RPGF candidate set.


❓ F.A.Q.s

How many projects can win an RPGF round at the same time?

Although highly unlikely, it is possible for 3 projects to split an RPGF round under the assumption they receive EXACTLY (33.3%) each.

What can RPGF proceeds be used for?

Use of the proceeds from RPGF is entirely up to the discretion of the receiving party; the funding can be used in whichever way would best serve the future growth/sustainability of the project. Some examples are:

  • Decrease OPEX related to on-chain interactions

  • Increase transactional capacity for experimentation

  • Layer of user incentives

  • User gas rebate program

  • Marketing Efforts


Last updated