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| 1 | +--- |
| 2 | +tags: |
| 3 | +- retroPGF |
| 4 | +- public goods |
| 5 | +- libp2p |
| 6 | +title: Announcing libp2p-rPGF-1, the first libp2p project RetroPGF Round! |
| 7 | +description: |
| 8 | +date: 2024-04-08 |
| 9 | +permalink: "/2024-04-08-libp2p-rpgf/" |
| 10 | +translationKey: '' |
| 11 | +header_image: /libp2p-rpgf-1.png |
| 12 | +author: Prithvi Shahi |
| 13 | +--- |
| 14 | + |
| 15 | +## Retroactive Public Goods Funding for the libp2p ecosystem |
| 16 | + |
| 17 | +Today, the libp2p project is excited to announce the **first ever** libp2p retroactive public goods funding round, libp2p-rPGF-1! |
| 18 | + |
| 19 | +The libp2p project is [partnering with Gitcoin](https://gov.gitcoin.co/t/proposal-gitcoin-x-libp2p-for-easy-rpgf/18446) to retroactively award $125,000 USD worth of OP, recognize impact, and further empower contributors to libp2p. |
| 20 | +libp2p will be using a portion of its [Optimism rPGF round 3 rewards](https://vote.optimism.io/retropgf/3) to contribute back to the broader ecosystem! |
| 21 | +This is an [Easy RPGF round](https://github.com/gitcoinco/easy-retro-pgf), will run on the Optimism chain, and is focused on rewarding projects and organizations that have made an impact across the libp2p ecosystem. |
| 22 | + |
| 23 | +libp2p is a public good which powers much of the decentralized web, including projects like Ethereum, Filecoin, Optimism, Polkadot, and more! Moreover, libp2p's success as a project is the result of a vast panoply communities, collaborators, and organizations building together. |
| 24 | + |
| 25 | +However, these efforts are often unrecognized and unrewarded since markets can fail to adequately fund public goods. Therefore, by embracing [RetroPGF](https://app.optimism.io/retropgf) libp2p seeks to bridge that funding gap. |
| 26 | + |
| 27 | +At this time, our goal is to have about 2 retro PGF rounds per year. We will experiment and iterate each round and hope to evolve it so that governance, participation, and execution improve each round. |
| 28 | + |
| 29 | +The rounds will follow the Optimism template: |
| 30 | + |
| 31 | +1. 🪪 Badgeholders selection |
| 32 | +2. 📝 Nominations/Application submissions |
| 33 | +3. 🗳 Voting by badgeholders |
| 34 | +4. 📊 Publish voting results |
| 35 | +5. 💰 Distribute rewards/funding |
| 36 | +6. 🤔 Retrospective to improve future rounds |
| 37 | + |
| 38 | +For this first round, the badgeholder selection process will include input from stakeholders across the libp2p ecosystem. In upcoming rounds, the badgeholder selection process and pool will be further opened. |
| 39 | + |
| 40 | +Anyone can nominate a project that has achieved impact in the past 12 months in one of the following categories: |
| 41 | +- Software & Dependencies |
| 42 | +- Infrastructure, Tooling, & Utilities |
| 43 | +- Education, Outreach, and Applications |
| 44 | +- Research & Development |
| 45 | +- Other |
| 46 | + |
| 47 | +The round begins today! Nominate projects [on Github](https://github.com/libp2p/libp2p/discussions)! |
| 48 | + |
| 49 | +This round of libp2p-rPGF-1 aims to disburse $125,000 USD worth of OP, with plans to grow in the future. More documentation on processes incoming soon. |
| 50 | +Lastly, we would like to thank the participants & sponsors for pushing the ecosystem forward and helping bootstrap public goods funding into the libp2p project! |
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