/ / The Arbitrum Matching Fest for running rounds on Arbitrum One :blue_heart:
The Arbitrum Matching Fest for running rounds on Arbitrum One :blue_heart:
TL;DR:
ZER8 announced a 300k ARB Match Pool Funding on Arbitrum One, available for projects using Gitcoin's protocols, starting November 1st. The funding, divided into three tiers with varying match percentages and maximum ARB amounts, supports projects aligned with Arbitrum's strategy, Ethereum infrastructure, and public goods, but is distributed on a first-come, first-serve basis and certain applications may be denied.
What is this about?
This discussion revolves around the announcement made by ZER8 about a 300k ARB Match Pool Funding on Arbitrum One1. The funding is available for those who choose to run their rounds on Arbitrum One using Gitcoin's protocols. The program is set to start on November 1st and will end when the funds run out. The first programs will run during GG19 from November 15th to 30th1.
The funding is divided into three tiers, each with different matching percentages and maximum ARB amounts. Tier 1 offers a 100% match and a maximum of 50k ARB for projects that align with Arbitrum's strategy, are building on Arbitrum, or focus on Ethereum infrastructure and/or research. Tier 2 offers a 50% match and a maximum of 50k ARB for those who have run a round before, Ethereum ecosystem protocols, and general public goods. Tier 3 offers a 25% match and a maximum of 10k ARB for those who have not run a round before, Ethereum ecosystem protocols, and general public goods1.
How is the community reacting?
The community reaction is not explicitly mentioned in the summaries. However, ZER8's announcement indicates that they are striving for a credible neutral process in the distribution of these funds and reserve the right to deny certain applications1.
Why this is positive?
The funding initiative is a positive move as it provides financial support to projects that align with Arbitrum's strategy, are building on Arbitrum, or focus on Ethereum infrastructure and/or research. It also supports those who have run a round before, Ethereum ecosystem protocols, and general public goods. This initiative is part of AIP3, a proposal aimed at creating a grant framework for Arbitrum DAO1.
Why this is negative?
There are no explicit negative aspects mentioned in the summaries. However, it's worth noting that the funds are distributed on a first-come, first-serve basis, which might disadvantage late applicants. Additionally, ZER8 reserves the right to deny certain applications, which could potentially lead to disagreements or disputes1.
Posted a month ago
Last reply a month ago
Summary updated a month ago
Last updated 09/12 13:53