Posted by metahands on November 29, 2024
The Ma Earth team expressed gratitude to Gitcoin for hosting their second regenerative grants round. The initiative raised over $30,000 from 931 donors, plus a $200,000 matching pool from Biome Trust, Naia Trust, and Gitcoin. These funds supported 30 selected projects from 110 applicants.
Key Outcomes
- Total crowdfunding: $30,000+
- Matching pool: $200,000
- Donors: 931
- Projects funded: 30
- Applications received: 110
Notable Changes from Round 1
The most significant addition was PayPal integration through ViaPrize, which expanded accessibility to communities less engaged with Web3. However, concerns arose regarding potential geographic disadvantages.
The round employed Quadratic Funding with Passport's Model-Based Detection but excluded Connection-Oriented Cluster Matching (COCM), which the team felt "skewed results too unfavorably for projects newer to Gitcoin or web3."
Observations and Recommendations
The team observed greater variance in matching distributions compared to round one, with four projects reaching maximum caps. They suggested implementing a minimum distribution feature in future rounds.
Reflecting on sustainability, the operators indicated comfort paying "a 2-3% fee on the GMV of this round" to support Gitcoin's platform.
The retrospective highlighted positive ecosystem developments, including Grassroots Economics regrants and increased project onboarding through initiatives like GainForest's program.
