Inspiration: https://optimism.help/RetroPGF/RetroPGF+Round+3/RetroPGF+3+-+Round+Design

Retroactive Funding is quite a novel and new concept among grant funding mechanisms. It requires participants to rethink how they reward projects by rewarding past impact to the Collective rather than expectation of future contributions.

Round 3 aims to provide more clarity to badgeholders on how to evaluate impact:

• Badgeholders are provided with a clearer role definition. They’re expected to be judges of impact = profit, instead of expressing their personal preferences or experiences with projects.
• Frameworks for impact evaluation are established. Defining impact more precisely is key to the success of RetroPGF. Achieving this is a collaborative effort among badgeholders.This not only supports badgeholders in their voting process, but also allows projects to better understand what they will be rewarded for.

Defining impact and establishing relevant frameworks will be an ongoing effort. Round 3 will lay the groundwork in driving towards a common understanding of evaluating impact.

Our hypothesis is that impact evaluation frameworks will result in more consensus among badgeholders and coherent voting behavior.