Designing and launching a RetroRound - Incentivize what matters | Devcon SEA

[Music] oh it's already there perfect thank you hi everyone for all of those of you joining for the designing a reround uh Workshop please we're going to ask you to seat according to who which group you belong to so the exercise that we're going to be doing in this Workshop is I'm not sure how many of you are familiar with retro rounds retroactive funding rounds yes I see some hands going up um if you're part of an ecosystem like you are a protocol or you want to design around to incentivize uh growth or different things in an ecosystem we're going to ask you to please sit on the left side of this area uh everyone please try to to come over to the middle if you are looking to design around for a community say you're a local community and what you're trying to incentivize is growth or different goals within your local uh geographically local community or community of a different type uh we're we're going to ask you to see on the right side and this is because we're going to be making right uh you're right so here yeah yeah perfect so communities over here ecosystems on this side uh and this is because we're going to have breakout groups so this is going to be a very Hands-On Workshop you'll be working or collaborating with two or three other people that are here to go through the process of Designing a reer around and it's best if you are sitting or partnered with those that are on the same wavelength of who your audiences are going to be what are the type of values or behaviors that you want to incentivize so that is why please ecosystems to the left and communities to the right it's your right yeah ecosystems is on the on the left which is your left so if you're I'm sorry I think oh that's some more so ecosystems to the left and communities right do you want about perfect we're going to be handing out some posted notes so that it's easier for you to uh brainstorm uh usual uh advice from workshops one idea per posted note is going to make it a lot easier for you all to know what to do with these different ideas and okay commun is here to the right and I think this will also come clear and happy to go over any questions around seating when we get to the breakout groups perfect so before diving right into it how many of you know what retroactive funding rounds are can I Boop poop there we go yes yes um can I get a hands up from those of you that know what a Reacher round is if not because I'm just going to walk through it perfect so one of the reasons why we've been experimenting with Reacher around as of late is the fact that it is meant to be easier than running a proactive grants programs right in a proactive grants programs program what you're trying to do basically is predict the future you're trying to understand if people are going to do what they say and promise that they are going to do you're trying to predict if this is still going to be relevant to your ecosystem or to your community by the time it is done and you're trying to assess as well if the team that is doing it is going to be capable of doing it so basically we're trying to fulfill the role of a VC when we're not VCS when we don't have that information when we don't have the tools that VCS have and this is why or through this logic this other mechanism came up and vitalic uh came up with it or right about it not came up with it but right about it and the most relevant thing here is that in reach rounds we expect that it's easier to agree on what was useful rather than trying to predict what is going to be useful and so retroactive rounds are a funding mechanism um you might have heard them as retroactive rounds which is the latest re branding that optimism has given to this funding mechanism but previously and I think it's more widely known as Reacher bgf retroactive public goods funding rounds and in this is a funding mechanism that has two sides of it the first one is we have a results Oracle this results Oracle can be a group of people it can be a smart contract but right now all of the forms in which we've seen it have been groups of groups of people that reward projects that they recognize as having had and as having already provided value either to an ecosystem or to a community however we know that the design of this Oracle is actually a complicated thing so what we've seen as well and what is expected of these retroactive rounds is that we have them running over over and over again because we're experimenting with the design of these rounds which is also what we're going to be exploring today in this Workshop we're not expecting to have the best design from the get-go we know that we're going to learn and get closer to this best design in an iterative way we're going to be trying out different hypothesis we're going to be trying out different variables we will be engaging different audiences and through that process we expect to get to a better outcome of how these allocations are done and uh I will mention that reactive funding is not a new thing this is not something that was invented in the web 3 space we actually have institutions that have been running these type of funding rounds for really long times and maybe I'm not sure who knows what this is but this is the Nobel price or like the Insignia that is given as a Nobel price and the Nobel Prize is one of the best examples of a retroactive funding program people that are granted Nobel prizes have been are people that have done research usually like decades ago and it's until it has been proven that this research has been really meaningful to society that they get awarded a cash prize and a lot of other things that come with being a noble laate um but this is the it's a similar experiment that we running with retroactive rounds in which we're looking at what has done what has yielded a very valuable contribution to an ecosystem or to a community and we want to reward that because we want to incentivize more people to have this type of behaviors of contributing to the communities or to the ecosystems so one of the things that I suggest for all of those thinking of running retroactive rounds is this is an eter process and it takes time it is um resource intensive so don't try to run it's not going to be perfect at the first time it's going to require several iterations and you will need to take your time and going through this process okay so this is a mechanism that was made Popular by optimism optimism has run already six rounds we are currently or we just closed I think one day ago the latest sixth round um optimism for those of you that don't know it is an L2 that has committed to this funding model from inception from the moment in which optimism minted its token they decided that the fees generate and its model they decided that the fees generated by the sequencer were going to be directed to this mechanism and is they are going to be used to fund public goods and to fund projects that are creating uh that are providing an impact or benefits to the ecosystem they've been also pioneering in the experimentation of this mechanism so while they started with a small round in 20 back in 2021 in which they gave out about 1 million USD and had a small subset of Voters this has continued to grow and evolve throughout the years their largest round was in 2023 in which they dis they allocated over 30 they allocated about 30 million op through different categories and they had a set of about 140 voters they've also been experimenting with other type of rounds like the latest fourth round in which they used a Mech um voting style called uh metrics impact metrics people voted in Impact metrics instead of projects but it's been going back back and forth in between voting for projects or for metrics and this is something that they've committed 850 million op throughout the rest of the life and this is only what was allocated at the Inception of the token there's also all of the funds that are being generated through sequencer fees that are going to continue with this uh that are meant to continue this mechanism funding this mechanism it's important to note though that op optimism is not the only ecosystem running retra rounds there's already been several rounds run by other ecosystems such as filecoin that is currently running its second rer round there's also pocket which ran its uh its own round at the meet this year interestingly also using the funds that they received from the optimism Reacher round and funding that they received from arbitrium to reward its own contributors there's also the cell EOS system that ran around earlier this year and is looking to run another round at the end of this year and the Lea P2P library or Leaf P2P ecosystem that has also run its own reer around to fund uh those that have been providing value to this um to this Library ENT and in addition to that it's not only ecosystems that can use this mechanism but we've also seen local communities using this mechanism to incentivize specific types of behaviors so one of the really nice things about Reacher rounds is that what you're doing is you're creating a feedback loop of behaviors that you're incentivizing that are going to enable your community or your ecosystem to get to a goal right so while we can see that for ecosystems this may be growing your tvl making your users more sticky or growing the number of your users we can also see that local communities that are trying to onboard more people into web 3 that are trying to become more regenerative can also use this mechanism to incentivize this type of positive behaviors and people will know that this is something that is going to continue to happen and this type of behavior will continue to be rewarded as long as these rer rounds are run with um like there is this expectation that this rounds will continue to run so we've also seen groups such as Dow drops which ran one retroactive round as such earlier last year whom they were uh targeting was ethereum contributors regardless of which L2 or which ecosystem within the ethereum ecosystem they were um they were contributing to and what their type of contributions were we've also seen local communities such as eth Colombia and ethereum Mexico host their own rounds and we've also seen other educational communities such as cryptoversity that also doing this type of experiments to incentivize more people in particular behaviors that they find relevant to their communities and so as I mentioned before reer rounds are mechanisms and there's four five steps that I usually look at when designing mechanisms um and when I that I usually look at when designing mechanisms and that it's good to keep in mind because these affect like the steps and as we scope them affect the rest of the process and it's also important to think of it as multiple steps because this means that you can change the things and the sub mechanisms that are part of the mechanism design or in this case the Retro mechanism so first we have funding and when we're thinking of the reacher rounds sometimes you don't need to worry about funding sometimes you're optimism and you just have funding but if you're a local round or you're a local community that wants to host round you need to think about where am I going to get the funding for running this round not only to run the operations of this round but also what where am I going to get the funds to give out to the community because they've done the behaviors that I want to incentivize second second is the design of the round and when I talk about design I'm not talking about the images that we're going to use or the fonts or the colors that we're going to use but who the audience is what is it that I'm trying to incentivize all of this work that leads up to the round and we also have the data aggregation So based on the design that you're using based on the things that you're trying to incentivize and based on your audience you're going to be able to determine what are the type of metrics and data that I can use to measure if people have actually people or projects have actually generated value to my ecosystem or to my community this is the why the how and the what then third we have the decision making so what we've seen so far has been groups of people in different sizes voting on who gets the funding but there's other ways in which we can have this decisionmaking process take place this could be two different groups of voting uh groups that vote you can have one group that votes then people review the vote they approve it or decline it and this is why I wanted to call out there's this decision making process which can be its own mechanism then there's the disbursement process or disbursement mechanism which can be you're streaming the tokens over a certain amount of time or you're giving the lumsum and then you have really important approach postmortem analysis you definitely want to look at how your round went to understand if you did the right things when you were designing year round and the then in this Workshop we're going to focus on the design because this is the most relevant part of your round if you don't get the design for your round right you won't know if you are actually achieving the goal that you wanted to achieve and therefore you won't know if you're using your resources in the most efficient and effective way to achieve your goal which means you're not going to be able to evaluate if the program that you just ran actually made a difference for your ecosystem or for your community and if you should even think of running it again so why are we going to focus on the design and the scope first is we have a lot of participants and a lot of audiences that participate in around each of them have different incentives but this is a game that we're all playing together and we want to make sure that we're aligning everyone's incentives so that we're able to get to the goal so we want to be specific uh also around what the incentives are that we want to have IMB in the community or in the ecosystem and it's essential as I mentioned for knowing what the what the goal is is going to be essential for us to know if it worked second it's also going to help us improve the stakeholder management this can be a very time intensive process so we want to make sure that people know what they are supposed to do when they are supposed to do the things and why they are supposed to do these things if we're asking them to vote if we're asking them to review projects if we're asking them to provide specific data we need them to understand why they are doing these things so that the reround it the retround itself can be successful number three is we want to mitigate risks through the design we want to understand and recognize what are the unknowns in this design what are the variables that we're unable to influence or that we're unable to control in these experiments and we also want to know what could go wrong and if there is something that we can avoid that we can do to avoid it going wrong and the fourth one is we need to optimize our resources specifically for local community rounds I know that ecosystems tend to have a lot of funds and this is also what enables them to experiment with this type of uh of mechanisms but this may be something that local communities cannot afford because it's they are either being funded one by one or they have a more limited Runway which means that you need to be able to pick your battles in terms of where you're allocating your funding you need to be able to clearly identify where should you be putting your time where should you be putting your funds and where should you be directing the attention of your community when you're running this type of rounds you want to identify what are the most high impact areas that you want to be uh focusing your initial or your first iterations of the rounds on and in terms of incentives as I mentioned before with this type of mechanism we're looking at not predicting we're not trying to predict the future we're trying to assess what has already been useful so we want to align incentives so the hypothesis here with this mechanism is that people out there will build what matters to this ecosystem or to this community and once they've generated this value they're going to be rewarded for it but if we're not telling them properly what is it that this ecosystem needs or if that is not clear and um it's not of common understanding for the community it's going to be very hard to have people building the things that are actually doing meaningful work for the ecosystem and for example this is something that we've seen in optimism and that we've seen in some of the other future rounds in which there's a lot of work that is being done but this is not exactly what is needed or we see multiple versions of the same thing being replicated and not being used by the Target audiences that people are trying to save time or improve their work if we're not and this stems from a lack of communication and a lack of clarity in terms of where is the ecosystem headed what is actually needed what is still going to be used full in 3 four five 6 months from now so if we give this information either as local community or ecosystems to the audience like to the community members we're going to be able to get them excited of contributing to the ecosystem and know that they will be receiving a reward and we will avoid having to like have them lose Faith or hope in this mechanism or process by building something that is not going to be rewarded because it wasn't impactful or useful and as I was mentioning this predictability of having these rounds is going to create reliability you want to have your Builders or the members of your community know that the round there's going to be multiple rounds so they are going to continue behaving in this particular way that you've said you want through this mechanism what we're doing is we're creating new behaviors we're asking people to actively change what they do with the expectation of a future reward and this change in behaviors happens over time it's not going to happen from one day to another and it's not going to be cemented only after one round so it's also important that as we continue to iterate on these designs and on these rounds we make sure that we're not completely disrupting the expectations from the participants cuz it's going to make it really hard to keep the behavior keep incentivizing the behaviors that we want to see in the ecosystem see okay so I'm going to stop very quickly there because now we're going to jump into the breakout groups um do you does anyone have any questions so far on to rer rounds no perfect so next thing that we're going to do is we're going to design our own Reacher round yes can I project okay all right testing uh I'm just curious if you could share some more examples of retro rounds and what are the differences in the round as you change what you're funding like if it's software or if it's governance or if it's something else thanks yes so the depending on what it is on who your audience is and what their capabilities are for example in terms of oo perfect uh in terms of generating different data that you want to aggregate for people to vote um depending on how much funding you have depending on precisely the things that you're looking to fund and incentivize uh you're going to have different one different types of communication that you're having with them uh there's also going to be as I mentioned different types of data that you're going to be gathering so for example I um designed and ran the E Mexico round what we were focusing on there was this is a geographically specific round and what we were looking to incentivize were five different things in the community we wanted people that were prioritizing onboarding others into the web 3 ecosystem so we were looking at an increase on on wallets regardless of which chain this was happening in so I think this is also going to be one of the main differences that you might see from local communities versus ecosystem specific communities uh sorry ecosystem specific rounds in which ecosystem specific rounds will look to increase the value to their own ecosystems which makes sense in that it is their funding and they have goals that they need to achieve within their own ecosystem to be successful um so you'd be looking at more specific metrics such as as mentioned tvl number of users number of transactions am um transaction size or if it's libraries number of uh projects that are using this Library within my ecosystem um then on the community rounds uh what we we were experimenting with in the Ean Mexico Community was looking at number of people onboarded into web 3 we were also looking at reducing the gender gap so number of like projects that were specifically targeting onboarding women or supporting women in the web 3 space we were also looking at refi communities in Mexico so looking at how many had interacted with local regenerative projects how many of them had onboarded local regenerative projects or use cases in the refi space uh we were also looking at education so Partnerships with universities and these were some of the type of behaviors that we were trying to incentivize in the long term as well so for us uh let's say that an ecosystem would be uh pushing for a growth on number of users in their own ecosystem we were pushing for a number of new users or new attendees to web 3 events because our hypothesis and this is also where the designing and understanding well what is your North Star and what is your goal is really relevant because it's what we are trying to in iviz in the long term is we want to have more people educated and participating in the web 3 space that would be one in terms of like onboarding second we want to see more women integrated into the space so allocating funding to that as well uh I would say those are two of the main difference that we've observed I know as well that I believe ethereum Colombia one of the things that they were incentivizing as well is number of people running their own notes um so how people are actively participating in security ing ethereum uh but those are some of the things that are Stark differences and I think also another thing that is very dependent on whether it's an ecosystem or a local community thing is um local communities are very different from one another in terms of the things that are needed in one country or one city are going to be very different from what's needed in a different country or a different city and how we framed as well the round that Ean Mexico ran is we want to fund the edges where impact is happening and this impact might not be clearly understood by someone that is very far away so say even if this is impact that they are onboarding everyone into optimism this might be very difficult for optimism to recognize from such a far away point of like oh why is this relevant in Mexico in this type of scenario but this is something that local communities if they are the ones running the rounds if they are the ones designing and determining what is impactful in this specific situation or in this specific uh reality they're going to be better able to identify and understand why this was impactful and why it should be rewarded so I also think that one of the big difference is how close you are to the impact that is being generated so that people are able to to identify and funded that's a very broad spectrum hello so I have a question I had a question about how you can measure the postmortem analysis and I was thinking like should that should be done I was thinking about how an ecosystem that runs pgf rounds retro pgf rounds can make the postmortem analysis and I was thinking like this is a whole design space on how you can do that how you can measure the how much you incentivize the project that from the previous round compared to the next round after one year so yeah my question is how how for example the analysis of previous optimiz rounds [Music] happened perfect so for each of the optimism rounds there has been hypothesis that are set at the beginning of the rounds in terms of lessons learned from the previous rounds and then why are they making the design changes that they are doing with it's sort of like we are say now we're going for impact metrics based voting and we're doing this because we expect that people are going to have an easier time deciding which type of metric is more relevant to them they won't have to we're going to be reducing time because they not be reviewing each of the projects and then once the voting comes to an end and allocations are done there's usually also an exit survey that is sent and all of these data is then aggregated to understand do we I think this one has been more of a sentiment analysis unlike do we feel confident that the allocation was done better in comparison to round three um there's still room a lot of room for improvement to be quite honest in terms of analyzing the postmortem of the rounds specifically when it comes to the impact that funding has had on the projects uh I think for some of the rer rounds this is still um is still to be done um and there are some I think open source Observer has done some in terms of one year after rer pgf 3 to prject Pro have projects continue to build on optimism and continue to ship and generate value in the ecosystem I think that's one good approach uh something else that I know um like SEL myself and others have been exploring is can we create counterfactuals to understand if this injection of capital or injection of funding to the projects actually made a difference difference if we were to look at this in the future had they never received funding would it still look the same uh which can help us understand if this actually makes a difference for this type of projects or in this type of situation but I think that is still pretty nent uh and not a lot of it yeah I know that not a lot of it or none of it has been done yet okay perfect so um um okay so we're going to get into breakout groups of three to four people um they can let's see I think five can also be good um but if you can just get together um so perfect I think we have three here uh see jel is going to help us as well in term of like putting together the groups um do you want to get together do want to be one hello perfect a yeah just come over here do you have things to ride with okay perfect and what we're going to be doing is we're going to go through a set of prompts and the first one is we're going to go through a set of prompts and this is going to be the process through which we design a retroactive round you can choose whichever whether you want to design it for a community you can choose whether you want to design it for an ecosystem for example I see the gcoin team here maybe they want to design a rer around for members in their ecosystem um I see different people from latam communities over there maybe they want to design it for a Latin American Community something that Cal and I were also brainstorming uh earlier on this Workshop is someone and it might be an experiment that SEL and I do right now as well is what if we were to design a rer round for Devcon so anyone can take that prompt up as well and so the first prompt is we're going to ask you to introduce yourselves in your group in case you don't know each other please make it short because we are going to have eight minutes for this first prompt so introduce yourselves and choose your adventure uh choose who are you designing this retro round for is it for a local community is it for an ecosystem and just agree with the other members of your team which audience you're looking to engage with is it going to be again a local community is it going to be an ecosystem and if you have any questions throughout this process please raise your hand and say J or myself will walk to you and um yeah answer any questions that there may be we're going to have eight minutes for this so please introduce yourself share why you're in this why you're in this workshop and if you're part of a community or an e system and then decide who are you designing this round for go yes if you have any questions just raise your hands and say Jer myself will come want [Music] so [Music] for for [Music] I [Music] your [Music] oh B a [Music] oh [Music] sh [Music] oh [Music] we have 1 minute left so please come to a decision of what Adventure you're going to follow for the next prompt [Music] and time is up so please I hope you've written down either in one of the posted notes well like just or somewhere else what is the adventure that you're going to follow if you're going to be uh designing this retro around for a local community or if you're thinking of it as a web3 ecosystem or ethereum as a whole or Devcon so the next prompt that we're going to be looking at is based on your groups and based on who you've decided to design this round for you will be defining what is the North Star that you want to achieve and here is what the North Star is what is the end goal that we want to reach what is the end goal that you want to reach within this community what is the end goal that you want to reach within this ecosystem and it's important as I mentioned before to know this because if we don't know where we're going then we're not going to be able to tell if we've gotten there or how we're going to get there and this means we're not going to be able to measure what are the type of what's the type of data and what are the type of metrics that would be useful for us to leverage when we're deciding who should be funded and we're also not going to know what are the type of behaviors that we want to incentivize for people to follow that are going to get us closer to this hypothetical goal and I will inite you as well to think of this not as a short-term goal it could be a short-term goal but it's better to think of it as a long-term goal like if you're doing this for a local community how do you want this community to look 50 years from now 60 years from now what is this like bright future that we're aiming for and as I mentioned before you can have it be a one-year goal I know that a lot of the ecosystems plan in more short term because it makes sense for what they trying to do uh but try to aim for this long-term Vision even if you're an ecosystem we want to play Infinite games which means we're incentivizing behaviors that are going to be healthy for what we're trying to achieve in the long run and so the second prompt is Define with your team members what is the North Star that you're going to be fulfilling for this either local community or ecosystem what is the overarch and here are some questions that will help you in defining this North Star and here feel free to use the posted notes and remember one idea per posted note that's going to make it a lot easier when you're looking at the different ideas that you have what is the overarching objective that you hope to achieve by running this round as well not only this round but like in the long term and how does this round how can this line around with this overarching goal then what is the long-term Vision that you have for your community or for your ecosystem them and what are going to be your goals for this round and so for this one we're going to have about 10 to 12 minutes I think it might be too much but we'll be going around and if it is too much we'll just qu it short so go [Music] it's e I want that [Music] yeah and we just had a really good question on whether it's like oh should we just have one Northstar um what I would suggest is you each of you write uh what are some of the things that would be very relevant to have in this round write it in a posted notes and then you share them like you past them in the middle for everyone else to see and then people can either agree or disagree with the things that you've identified are valuable for there to be or like that could be the north star that you're going after here more person thank you [Music] I [Music] should we let [Music] let's go [Music] yeah we should there we go [Music] and I think s like [Music] h is [Music] this I [Music] we have one more minute so please start Gathering your ideas and choose what the north north star is going to be for your pro for your round we're done and we're up to the next prompt so now you've already defined what is going to be the North Star for your um for your community or your ecosystem and the thing that you're going to have in mind as you're design find ing the rest of the steps of the rer round next is we're going to identify who are the audiences that are involved in these richual rounds uh who are one the projects or people that you expect to fund through this round it's going to be either the projects that are applying or if you're not asking them to apply you already have a way in which you identify who's going to be legible to participate in this round who who are they what do they look like are they individuals are they groups second as I mentioned before most of the Retro rounds as we've seen them is people vote on who gets allocated the funds so who are going to be your voters is it going to be everyone that belongs to the community is it going to be a selected group of people that are very and have a lot of high context into your ecosystem and third is you're also going to identify who is benefiting from this overall impact that the people that you're funding or the projects that you're funding are generating like who are the end users or end receivers of the impact that is being generated and map out who these audiences are so that you can understand what are their incentives what are they trying to achieve whether it is within your ecosystem or within your community but what is the what moves them forward and what are they trying to achieve so that you can then continue to design something that will ensure that you're aligning their incentives with the incentives that you're trying to achieve through this round and here there are some questions to guide you through thinking through this the first one is um oops this is not okay so apparently that the slide is wrong but here it is uh as I mentioned before identifying who is the audience in terms of who are benefiting from the impact that's been generated who are the people that would be voting in your round and who are the projects or people that would be receiving funding through this round and for this we are going to give 8 minutes let's start e [Music] you the [Music] you for [Music] back back [Music] o [Music] we [Music] days [Music] for for [Music] and the time is up for this next prompt and we're going to move to to the next prompt in which we are going to be looking at setting behaviors and defining what these behaviors are so what we are as I had mentioned before in these retro rounds what we're doing is we're incentivizing very specific behaviors that we want to see that we have a loose idea that are going to take us to this North Star that are going to enable us to get to these goals so for this next prompt uh what you're going to be doing is you're going to be thinking about what are the type of behaviors that you want to see the type of benefits the type of recognition um that you want people to have or you think people will uh appreciate from participating in this type of actions that are going to get you closer to the North Star so think also about what are some of the Milestones that are in between where you are right now and getting to the North Star so that you can identify what are the type of behaviors that I'm trying to inside for people to do that are going to get me closer if you're looking at an ecosystem round maybe this behavior is contributing to the open source code maybe this Behavior looks like deploying uh smart contracts and attracting new users into my ecosystem if we're thinking of a local round if one of the things that you're incentivizing or you value the most is say um protecting the forest maybe the type of behavior that you're looking for is planting trees or protecting trees that are already in a specific Place uh taking care of the trees these are the type of behaviors that you might want to incentivize that people have or do as you're going through and that is going to be rewarded at the end of the round so we're actually going to give uh I know it says 12 minutes but we're only going to give eight minutes for this part as well and you can start now and try to be as specific as possible when you're thinking of the behaviors that people are going to have um because this part is going to help us to identify what is the data and what are the metrics that we can use to measure the type of behaviors that people have already completed and that we could reward in the round so again sort of like if we are looking to protect the like if it's a local community and what they want is to preserve a particular area then maybe we're going to be looking at planting trees or having a more healthy ecosystem and then how do we Define what a healthy ecosystem looks like is it the number of trees that are in a specific space is it the type of behavior that people are having when going around so this is what we're going to be looking at [Music] up find [Music] wor h [Music] m of high h [Music] this is the [Music] speech okay we have one more minute before we go to the last prompt okay we're going to move on to the last prompt since both uh since the groups are already done with this prompt and as I mentioned to both of the teams the way in which you're designing your round is going to inform the evaluation process that voters are going to be able to complete when you are uh giving them information to decide who should the funds be allocated to and it's also going to inform the type of data that you're able to already extract from existing sources or that you need to create hope like the best thing there is to create it in a standardized way so that people can cross compare it among different amongst different projects so for the last prompt we're going to be looking at data and metrics for this evaluation and there's two actions here that you're going to be looking into or questions that you can use to guide your process through the first one is now you know based on the behaviors that you want to see happen from these different audiences what you're aiming for and what are the potential actions that the members or people or project can undertake to get to the North Star how can you measure these actions like over here we were talking about oh we want to have more developers building in this particular ecosystem and we talked about developing looking like launching their own smart contracts it could look like contributions into the uh gith hubs and into the repos from the different um libraries or tools that are relevant to the ecosystem then you can also explore are there already existing data sources for this information and if there are not existing data sources for it how can we measure this in a standardized way and we're going to give 3 minutes for that and then we'll start wrapping up yeah I because we have eight [Music] that for [Music] the for is it is it moving forward we have one more minute left okay so we talking about uh how we value like Builders terms of measure the quity or the impact of the C and I was using some examples in optimism the on rounds or like the GitHub rep stuff like that and you were talking about maybe that's spam is not good and maybe we should look at the quality of the codes and I like how do you even standardize that is it all right very subjective it's the same level we have in in exactly no but it is subjective I think the good thing though is like how can we get subjective uh evaluations to become more objective right like how do we push things to become as most objective as possible uh and that can look by like for example if it's very very subjective maybe it different um you have five different things within the code that you're reading and then that helps but reviewing it to a degree yeah no you're welcome perfect so we're coming to the end and I think now what would be really interesting this was the last prompt and so as I mentioned this was a taste of what the design phase looks like when we're looking into mechanism design the second there's several other steps that would follow but right now we only focused on the design space of the problem and so we're going to just ask real quick the two teams if you can share what your round whom you were designing this round for what is the type of incentives that you wanted to generate what was going to be rewarded and who the audiences are we have very limited time so if you can explain it in like one minute or two that'd be great uh hello uh so a rual funding Dr is for ecosystem uh specifically it's Unis swap ecosystem and uh the round we were thinking about is the uh uh the hook ground so uh the that they just released so uh the goal would be to uh increase the Builder that build on the Unis swap hook ecosystem increase the numbers of high quality hooks uh you know or build hook tools people for for for making it easier for developers to work on it and also like onboard builders on the ecosystem and uh some of the audience would include web three Builders um uh Educators who help and also the benefit uh this will benefit like the uh web 3 developers unof uh Unis swap users uh un SW token holders and uh who will vote on this uh we're still debating on this but we think probably like uh the Unis swap token holders but yeah uh the behavior yes so the behavior we want to see is we want uh that to build on the hook ecosystem uh them to deploy uh the smart contracts and also uh we want you know some like Educators content creators to create like uh content for HS to spread like the information to help onb people and know so uh yeah and and people to participate in voting and stuff like that y now perfect thank you and so please I know we're missing the last group but I don't think we have time for that anymore as we're two well just make it really really brief we still have two minutes but this is the QR code for the group like please feel free to join as well um and we can continue exploring what this designs look like okay okay we design a retro funding a retroactive funding for to incentivize more H women developers H to on board to web three and the the goals will be have more women um contributing H to the web three space incentivize more de to create or to have a workshop for this specific um audience and the audience for or or funding will be de that can be individuals and also developer communities and the behaviors that we are looking for is first on boarding more women with workshops F focus on them and also more women contributing to open source projects ER in the mindstone in the Milestone we have increased women attendance by 25% in 6 months and in gree and then have more women meetups during a year and okay thank you awesome thank you so please feel free to share the designs in the telegram group uh thanks a lot um seal and I were really happy to host this workshop and we're excited to see more people approaching mechanism design in a more uh methodological way so that we can have better outcomes for how we're allocating funding in the space thank you [Applause]