The Developer Tooling & Infrastructure Deep Funding Round is different from other rounds in GG24 by allocating money at the GitHub repository level instead of to projects. With a $350,000 matching pool from the Ethereum Foundation and Gitcoin, this round supports the open source repositories and their key dependencies that are valuable to Ethereum for sustaining core infrastructure and improving developer experience
🔹 Round Operators: Unblocking Pilots team at Ethereum Foundation and Seer
🔹 Apply / Donation / Participation Dates: [Start Date] → [End Date] (these dates should align or at least coincide with the QF rounds; October 14 - 28)
🔹 Total Funding Pool: $350,000
🔹 Trading Network: OP Mainnet
🔹 Allocation method: According to weights of each repo as determined by the market (except in suspected market manipulation or high volatility, in which case an evaluators judgement may take precedence) 🔹 Round location: deep.seer.pm
🔹 Total Funding Pool: $350,000
| Stakeholder | Task |
|---|---|
| Grantees | Submit Open-Source Repository |
| Traders | Build Models Betting on Repository Value |
| Jury | Provide Ground Truth Data Giving P&L to Traders |
| Funders | Allocate Money to Repositories Based on Market Weights |
The exact amount a repo receives in the GG24 deep funding round depends on 2 criteria
A multi-scalar prediction market where models and traders bet on the value of your repo to Ethereum (past, present and future) if it were to be evaluated by a juror. In these markets, the weights of all repos must always add up to 1; traders win or lose money based on how close their predictions are to juror evaluations.
A simple scalar conditional prediction market where models and traders bet on the originality of your repo, that is, the credit belonging to the repo itself vs its dependencies, if it were to be evaluated. In these markets, each repo has an “UP” or a “DOWN” token which together add up to 1. They can be respectively bought to increase or decrease its originality score.
Example: Repo A gets a weight of 0.01 and an originality score of 0.5. It receives 1% of $350,000 = $3500, out of which half is kept aside for its dependencies and the other half is given to the repo directly.
This mechanism ensures that even if projects bribe their communities to support them, traders can make money by betting that the repos' increased weight will diverge from juror scores and counter-trade to an appropriate level. In case of suspected market manipulation (for example, models giving 0 to all repos except one) the round operator's judgment may take precedence over the market derived weights.
An exhaustive writeup of this mechanism in the GG24 Deep Funding round can be read here. From December 15 to Jan 5, we will work with repos to allocate funding to their key dependencies.