Hey Uniswap community!
Stopping by to provide a quick update on the Protocol Guild, a new public goods funding mechanism that was launched with your backing, as we’re currently 6 months into our 1-year pilot.
In case you need a reminder, the Protocol Guild aims to enable a decentralized and sustainable funding mechanism for Ethereum’s core protocol development. It creates an easy and effective way for anyone to donate funds to a single address, which gets vested over time to active core protocol contributors. Over the long term we hope to see Ethereum’s ecosystem and community band together to normalize donating a portion of treasuries / revenues to this mechanism, to secure the future of Ethereum’s core development work.
Uniswap was a trailblazer in this regard, generously donating 500k UNI tokens, worth $2.7m a the time, back in July. Thank you again for your support!
Here’s where we’re at since launching:
- $10 million raised to date from 3.8k donations (185 unique donors)
- $5m has been distributed to 128 members (up from 90 to start), on average $39k per member
- Work is currently underway for the Guild to adopt Moloch v3 tooling and allow consolidation of L2 donations
- Our next fundraising push will target raising $100m over four years, from the end of the pilot (May ‘23)
I’ve shared a few links below if you’d like to read more about this, and of course happy to also field any questions here - wishing everyone a happy holidays
- Mid-pilot update
- Mid-pilot update Tweet thread
- Tim’s recap see section “Protocol Guild Update”
- Member list
- Documentation