Optimism RetroPGF3 results: quorum outcomes and how grants are allocated
Quote347 words
Update on RetroPGF3: all applications he backed reached quorum, 78% of applications passed and 502 projects qualified. Explains grant allocation, with up to 30m OP total and 5m per application, and median-based results.
Key claims
502 projects qualified, 78% of applications reached quorum
Quorum is 17 badgeholder votes
Badgeholders can allocate up to 30m OP total, 5m OP per application
📊 Optimism RetroPGF3 - Update & Conclusion
We made it! All the RPGF3 applications I asked you to support were approved! 🎉❤️
Time for a few quick thoughts & insights! 🔴✨
First of all, a heartfelt thank you to all the badgeholders that made this happen! 🫶
🎉 @zerokn0wledge_ 24/17 Ballots
🎉 @Subli_Defi 30/17
🎉 @bitsplaining 34/17
🎉 @RedactedRes 22/17
🎉 @therollupco 22/17
🎉 @modularmedia_ 18/17
🎉 @Th3Optimist 38/17
🎉 @andrewhong5297 38/17
🎉 @OPambassador 33/17
🎉 @thesaint_ 28/17
Congratulations to every single one of you, definitely well deserved across the board! 🫡👏
This sends a strong message to all the content creators, community builders and tooling devs providing public good resources that their work is valued and appreciated. 🔴✨
The RetroPGF is a highly interesting funding experiment and it was fascinating to watch this play out.
At first I thought smaller projects might get overlooked. Turns out that this was absolutely not the case with a total of 78% of applications reaching quorum, including many smaller projects or individual applications.
Finally, a total of 502 projects have qualified for a retroactive grant!
I'm sure the RPGF3 will have a profound impact on the @optimismFND ecosystem and further catalyse growth within this vibrant and diverse universe of users, builders and protocols!
Definitely very excited to be part of this movement! 🔴✨
🔮 So what happens next?
🔴 Voting period closed
🔴 Results announced (soon)
🔴 Projects undergo KYC
🔴 Grant distribution over 90D
💸 How much OP do projects receive?
▶️ Voting badgeholders assign a grant allocation to the projects on the ballot they submit.
▶️ They can allocate a total of up to 30m OP among applications and up to 5m OP to a single application.
▶️ If a badgeholder is not voting on an application, it means expressing indifference as to how much OP this application should receive.
▶️ Final results are calculated using the median. However, it is imperative that an application reaches a minimum Quorum of votes from 17 badgeholders to qualify for a grant in the first place.
Stay optimistic & LFG! 🔴✨
QUOTING @zerokn0wledge_
Voting period for @OptimismFND RetroPGF3 is ending tomorrow & I am currently 9 ballots short of reaching quorum. 🔴✨ Many other educational projects & individuals are also falling short. ⚠️ So today, I’m calling on all badgeholders to please consider the below applications! 🚨
Voting period for @OptimismFND RetroPGF3 is ending tomorrow & I am currently 9 ballots short of reaching quorum. 🔴✨ Many other educational projects & individuals are also falling short. ⚠️ So today, I’m calling on all badgeholders to please consider the below applications! 🚨
2 images on X
What came next · since 08 Dec 2023
Show how the covered asset moved
This piece covers the subject without making a call on the token, so price moves since publication are shown as market context.
Covered, no call
Since then
Zero has written 8 more pieces on Optimism and $OP since this one.
- Optimism Superchain explained: OP Stack, shared sequencing and RaaSBullish call on $OP
- Optimism Superchain thesis: OP Stack and the Stack WarsCovers $OP
- Superchain and OP Stack ecosystem summary with linked explainersOn Optimism
- OP Superchain plus RaaS: why app-specific rollups will launch on the OP StackOn Optimism
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.