Bankless Dao Gitcoin Grant Proposal

Gitcoin has a mechanism in place to prevent some of the projects from participating in the matching rounds. Projects like Bankless Africa and IMN were not allowed to receive additional funding during previous Gitcoin rounds because they were viewed as sybil attacks on the protocol.

We have been in discussion with Gitcoin trying to work around this issue. Technically, there is no sybil attack since all of these projects are separate entities with different teams, multi-sigs, websites, etc. However, Gitcoin views all of these separate projects as belonging to BanklessDAO and will not allow them to participate in the matching fund rounds. It boils down to the use of the Bankless name and affiliation with the DAO.

After no progress with the Gitcoin team, we decided the fairest thing for all the excluded projects is to share any matching funds received from 1 grant - the BanklessDAO Gitcoin Grant. This will allow the projects to receive some additional funding from outside donors. Although it’s not a perfect solution and projects may not receive the full benefit of QF, it’s a solution that offers more than they were receiving before.

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