Announcing Solana RetroPGF Round 1

OpenBlock Labs is thrilled to partner with the Solana Foundation on the first Retroactive Public Goods Funding (RetroPGF) initiative on Solana.

What is RPGF and why does it matter?

Retroactive Public Goods Funding (RPGF) is a novel funding mechanism designed to sustainably support projects that have delivered a significant public good to the ecosystem. Unlike traditional grants, RPGF allocates funds retroactively, rewarding projects that have already demonstrated positive impact. The process begins with the clear identification of criteria that define a public good. Funding allocation is then determined through a voting process involving a diverse set of community delegates who ensure that funds are directed towards initiatives that have already delivered real impact to the community.

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Program Snapshot:

• Program Name: Solana RetroPGF
• Current Round: 1
• Funding: $250,000 USD worth in SOL tokens
• Funding Source: Solana Foundation
• Timeline: Now to October 30, 2023
• Objective: Reward impactful public goods projects within Solana.
• Data and Service Provider: OpenBlock Labs

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Areas of Focus Include:

• Solana Tech Stack: Enhancements to performance, security, and decentralization.
• Developer Ecosystem: Resources and tools aiding and attracting developers to Solana.
• Governance: Initiatives improving governance participation and processes.
• User Experience & Adoption: Projects that enhance the user experience and drive adoption.

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Eligibility Criteria:

• Open source or freely available to the community.
• Actively maintained, with recent contributions.

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Program Timeline:

• Nominations (Oct 2–9): Project nominations are open to all. Submit name, impact, and relevant links.
• Voting (Oct 11–15): Delegates review and vote on projects.
• Results (Oct 16–25): Winning projects announced post-vote tally.
• Distribution (Oct 31-Nov 15): Funds disbursed to winners.

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Delegate Selection Process:

Delegates, the key decision-makers in the RPGF program, are entrusted with the critical task of directing fund allocation. Selected for their significant activity and contributions to the Solana ecosystem, these individuals are not only well-versed and engaged in the community but are also available and committed to the success of RPGF. Their selection is a careful process, considering their willingness to participate and ensuring they bring valuable insights to the table for the program’s success.

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Data-Driven Approach:

OpenBlock is dedicated to playing an indispensable role in nurturing a community where decisions are not based on intuition alone but are backed by empirical evidence and comprehensive analysis. This includes key metrics showcasing each project’s effectiveness and contribution to ecosystem growth. Delegates receive accurate data to inform their voting decisions, with OpenBlock providing clear post-program reporting and intelligence on grant efficacy.

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About OpenBlock Labs:

OpenBlock Labs is at the forefront of providing enterprise-grade data intelligence and quantitative modeling solutions, empowering blockchain protocols to scale effectively. For Solana, the OpenBlock platform provides critical, data-driven insights on projects and contributors steering transformative changes and advancements within the ecosystem. Through sophisticated data tools and products, we offer valuable insights that empower informed decisions in initiatives like Solana RetroPGF Round 1.