Funding and Expenses Breakdown

The funds contributed by each donor and the expenditure and allocation of these funds in the first round are set out in the following table:

Funder contributions

• The round raised a total of 224k FIL from four donors.
• Individual contributions of 200k FIL, 20k FIL, 2k FIL and 2k FIL were made by Protocol Labs, Filecoin Foundation, web3mine and Titan Network respectively.
• Round donors were extended invitations to invite badgeholders in proportion to the amounts they donated.

Operating Expenditure

• The distributing entity for FIL-RetroPGF-1 is an Open Impact Foundation Cell. The cost of administering an OIF Cell is 3% of the fund value (6,700 FIL).
• The Gitcoin team created and supported the use of the easy-retro-pgf software that was customised to operate FIL-RetroPGF-1. This included getting the Ethereum Attestation service working on FVM, customisation of the application forms, the ballot software, allocation, and distribution code. In addition the Gitcoin team provided continuous support and advice to the team booting the round on round design decisions. 3% or 6,700 FIL is allocated to Gitcoin. This is inline with the OIF Cell fee, and follows a similar standard to Gitcoin rounds.
• The same amount of funding is allocated to the booting team as a contribution for time dedicated to realising the round through its general operation, admin, and organisation.
• The same amount of funds (33,600 USD at 5 USD/FIL) is allocated to hiring a program manager for several months worth of time, to allow the program to continue operating, and quickly spin up FIL-RetroPGF-2. The role will support the planning and execution of the round, including at least: organising a retro, incorporating changes in the round process, adapting documentation, contacting nominees during operation and processing those nominations, contacting applications, processing applications, organising the selection process for badgeholders and contacting and confirming badgeholders engagement, ensuring the correctness of the voting process, liaising with parties involved, including the distributing entity, donors, software integrations such as Hypercert integration, easy-retro-pgf software integration, and Drips integration, planning the timeline of the round, sharing information about the round in presentations and social media.
• Unaccounted operating expenditure:
  • Filecoin Blue Funds funded analysis of the round voting statistics and improvements to future round design.
  • Filecoin Blue Funds funded strategic planning.
  • Filecoin Blue Funds will fund an analysis of the round impact.
  • CryptoEconLab sponsored travel costs to promote the concept at FIL PG Day in San Francisco.
  • Hypercerts Team are supporting the round issuing hypercerts.
  • The Drips Team are supporting the round being able to drip a portion of funds.
  • Filecoin Foundation supported the publication of the announcing blog post, and developing the program concept, e.g. giving talks at FIL PG Day in San Francisco.
• Additional expenditure that would benefit the program but are not currently available:
  • Engaging designers to create visual design assets for the program.
  • Funding events to share the word on the rounds.
  • Funding more teams to analyse the impact and improve the design of the rounds.

Round Allocation

• The round will allocate approximately 200K FIL (197,120) between 99 participants.
• The list of funded projects is given here.
• A detailed breakdown of the anonymised badgeholder voting and project allocation patterns is given here.