hellenstans.eth

723 posts

hellenstans.eth

hellenstans.eth

@hellenstans

Connecting dots between public goods funding x impact | prev. Grants Steward @cartesiproject | @Kernel0x KB8 Fellow.

Katılım Mayıs 2017
826 Takip Edilen982 Takipçiler
Lou3e
Lou3e@lou3ee·
Growing up all I wanted to do was make videos. Now I’m editing @binji_x <> @VitalikButerin for @offstage_x. Not working in the ethereum ecosystem is just an opportunity cost I’ll be real…
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Aixa
Aixa@aixarizzo·
make money, go to the gym, goon, sleep, repeat make money, go to the gym, goon, sleep, repeat make money, go to the gym, goon, sleep, repeat make money, go to the gym, goon, sleep, repeat
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hellenstans.eth
hellenstans.eth@hellenstans·
Setting up a new laptop for my nephew and noticing how AI is now integrated directly into the Windows interface and browser by default. AI is becoming less optional.
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hellenstans.eth
hellenstans.eth@hellenstans·
Spent the weekend thinking about how much fintech has evolved since I went crypto full-time. Stablecoins will continue to scale in emerging markets. But for the average user, the default interface probably won’t be exchanges or self-custody wallets. It will just look like the fintech apps they already use every day.
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hellenstans.eth
hellenstans.eth@hellenstans·
@KhanAbbas201 In mobile-money markets like Kenya, it’s hard to fully leave exchanges. They’re still the main on/off-ramp via P2P.
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Abbas Khan ⟠
Abbas Khan ⟠@KhanAbbas201·
As much as I try to move away from centralized exchanges, I keep coming back because they make my life so much easier. How do people actually make the full switch?
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Medusa
Medusa@MedusaOnchain·
when you see this pfp what’s the first thing that comes to mind?
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griff.eth - $GIV Maxi
griff.eth - $GIV Maxi@griffgreen·
This is the first time TheDAO funded anything. Took ten years, but we finally got there 😂
thedao.fund@thedaofund

Today, we’re announcing the first allocation from TheDAO Security Fund. We’re supporting @_SEAL_Org and @SEAL_911 - teams that quietly do some of the most important security work in the Ethereum ecosystem. Their impact is significant, and they are among the most closely aligned not-for-profit organizations in the ecosystem. We are donating 69 ETH directly to SEAL and 133.7 ETH to SEAL 911 as well as setting up perpetual @Superfluid_HQ streams.

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binji
binji@binji_x·
about to speak to 50+ college students (undergrad and grad) about crypto what should i say
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hellenstans.eth
hellenstans.eth@hellenstans·
@KhanAbbas201 I agree, with the caveat that being flexible can put you at risk of spending too long thinking rather than executing. What’s worked for me is thinking about the outcome I want to achieve first, staying flexible on the approach, and being strict about moving into testing.
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Abbas Khan ⟠
Abbas Khan ⟠@KhanAbbas201·
An important factor when starting anything is to not jump into a specific direction first. because once you start thinking and diving into that direction, it becomes harder to take a step back and analyze other ideas/approaches that might exist. for example: I'm writing a tweet to explain a concept and I start writing a thread to achieve this. Once I start writing the thread and I've already spent some time on it, I am only thinking in that direction, but what if there's a better approach to this? What if writing it in an article format is more useful to the reader? And this makes it difficult to take a step back and rethink to find the best approach. There's 2 main things to keep in mind here: - Before you go down a specific path, take time to think about the problem and write down all the approaches and what they could result in. - If you do go down a specific path without thinking things through, don't shy away from changing your mind on that approach.
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hellenstans.eth
hellenstans.eth@hellenstans·
@0xgrace this is me right now and i’m loving my gym + sauna routine so much!
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grace
grace@0xgrace·
crazy to me that i spent 10 yrs saying "im not a gym girl" bc i never felt the endorphin high post workout, and in the course of 1 year i completely rewired my brain and am sad if i can't hit the gym 4x+ a week
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hellenstans.eth retweetledi
Sov
Sov@sovereignsignal·
Just dropped the latest Crypto Grant Wire weekly update (link below)
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hellenstans.eth
hellenstans.eth@hellenstans·
@owocki ENS DAO has working groups budget reports + summaries on the gov forum. Tagging @Sim_Pop and @estmcmxci incase they might have a consolidated summary
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owocki
owocki@owocki·
do i know anyone working on ENS public goods? DM plz
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Sov
Sov@sovereignsignal·
Hey 👋 I've decided to start publishing a weekly update of all the happenings from the Crypto Grant Wire on my Substack. Here's a rundown, you'll find a link at the end where you can check out the Substack (and subscribe, ofc)
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hellenstans.eth
hellenstans.eth@hellenstans·
In your 20s, you’ll meet someone who introduces you to crypto trading, and you’ll wonder if that’s really all there is. It’s very important you follow that curiosity
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Dayana Aleksandrova
Dayana Aleksandrova@dee_centralized·
Wish the happiest of birthdays to my @siannie!❤️ Here are some facts about Siannie: >> she was a famous athlete when she was little (and still crushes at badminton) >> she studied film and worked in the music industry in the Netherlands >> she’s famous in the Netherlands under the name ‘Henk’ because of her livestreams >> she’s super stylish and elegant (I mean that’s obvious, you have eyes lol) >> she coined the ‘Speedrun’ content format on X >> she made Espresso one of the coolest brands on Ethereum >> she’s an excellent listener, wise, hyper-aware, and a loving friend >> she is currently *single* but not for long because I am on the lookout for her perfect match (DM with leads)❤️ Happy birthday @siannie, I love you so much!
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Devansh Mehta
Devansh Mehta@devanshmehta·
I agree wholeheartedly with Kevin's analysis around the shrinking of the PGF & funding mechanism space The 2021-24 era (RPGF, QF, etc) were an aberration rather than norm that many of us were lucky to have experienced I'll now call out specific incidents from that time, not to target any project but as a post-mortem of that era. Broadly, we need 10x improvements in 3 areas around funding collection, division & evaluation before we are ready for a return of that time 1. Top of funnel funding Many of the 2021-24 ecosystems have not had any RoI from their PGF spend. Optimism got little from their RPGF outlay except marketing or mindshare, while Arbitrum DAO gave significant funds via QF which provided little benefit to their ecosystem I see 2 areas to improve in how we collect funds from PGF programs; a. Solve the free-rider problem Many of the PGF programs felt like charge of the light brigade ('into the valley of death rode the 600') since other ecosystems didn't join but still enjoyed the benefits of what got funded by OP RPGF or Arbitrum QF. To unblock ecosystem funding, we need to innovate mechanisms where the majority can coerce the minority into joining funding coalitions For eg, @clesaege idea that if over 51% of validators indicate their interest to channel a portion of staking rewards to ecosystem growth, all 100% of validators are forced to join Or @RaymondCheng00 idea around new software licenses that create legal obligations to donate to open source from profits or revenue, which could address Optimism's @okx problem where they are not part of the 15% revenue sharing arrangement but still use OP stack and its improvements as its MIT license based b. Eliminate distinction between institutional and individual giving Something I've learnt recently is how easy it is for individuals to simply yeet any money into a @dripsnetwork list or PGF mechanism, while institutions have requirements to either mitigate or transfer risk. So they either KYC/KYB every recipient (expensive and impractical for mechanisms giving funds to many grantees) or structure it as a grant to another entity taking on that risk @vinayvasanji is thinking deeply around how we might build vehicles that unblock institutional giving while also making it more transparent, something I'm excited to work on in 2026. because make no mistake, institutions hold vastly more money than individuals. 2. Allocation or splitting funds between projects once received The majority of focus in the PGF space & at @schellingpoint_ this year was around algorithms that split a pot of funds between projects. quadratic funding based on wisdom of the crowds, badgeholder voting from experts, deep funding with AI etc all focus on credit assignment or figuring out who should get how much What doesn't get enough love is decentralized eligibility. All these mechanisms make projects fill out grant applications & Optimism or Gitcoin then made centralized (& fairly lenient) decisions on who got to participate in the funding round If we move from the PGF framing to one of connecting cost and revenue centers, deciding what is a cost center and what isn't will become more important than deciding funding between them As i often like to say, if only good & relevant projects take part in your funding round, it doesn't matter if your allocation isn't perfect @carl_cervone has done some phenomenal work on dependency graphs listing out repos used by an ecosystem, which is a good starting point to map out cost centers using algorithms instead of humans I've also found that framing this exercise as a security one (uniswap v3 should have a map of the repos it depends on) receives a more favorable reception than as a PGF tool 3. Accountability Now we come to the issue Owocki pinpointed in his post - well intentioned mediocrity by grantees in past funding rounds The meta question here is, how can we cut out non-performers so they don't get to keep participating round after round? Similar to how companies either listen to customers or go out of business, we need to ensure that public good projects have a way of dying out if unused. It is expensive for the web3 world to waste precious talent on a project going nowhere, simply because funding mechanisms keep them alive for eg, one feedback i heard was on how the @soliditylang v2 roadmap doesn't take into account user demands on faster compile times, instead prioritizing features they read about in Rust academic papers which they want to implement in solidity The final boss to defeat before we see the comeback of funding mechanisms in full is ensuring funders putting money into these things get the full bang for the buck, regardless of whether it was given as a grant or via an algorithm. 2 examples stood out to me as hard problems that we still need to somehow solve; a. Despite @ETHGlobal receiving significant OP RPGF funds, they didn't even list optimism as a sponsor or give bounties because "oh that was retroactive it doesn't count" so optimism could have got greater benefit by giving away the same amount of money but structuring it as a bounty/sponsorship to eth global instead of giving it to them through their RPGF program b. @wevm_dev received large RPGF funding but not only haven't listed optimism as a funder on their website but also reportedly sent them a quotation when requested to integrate new chains or features So if Optimism could have got greater value from funding them if they had simply not given wagmi/viem the money as RPGF but instead as conditional on executing features they wanted Solving the additionality of funding in mechanisms is hard, but i see github based governance as a good path to explore. Create an issue on a recipients repo listing funds received which gets closed after required deliverables are submitted Excited to work on these issues going into 2026! I love how Devcon always helps with priority setting for the next year 😊
owocki@owocki

Leaving Devconnect, I felt the weight of being in a niche that might be stagnating. Public goods funding in Ethereum has lost mindshare. PGF is seen as a cost center to many ecosystems, Vitalik is focused elsewhere. Builder energy is real, but attention has drifted. Discussing this with @carl_cervone, we focused on one core issue. Most teams failed to execute well. There is a lot of well-intentioned mediocrity. In a rising market, mediocrity gets hidden. CT has an immune system for obvious scams now, but not for pervasive mediocrity. Some bright spots: - Its been great to see the rise of @OctantApp - they are focusing on the demand side with their new vault play - which I think is super smart. I want them (and their vault users) to raise a shit ton of funds and then be discerning about how to spend it. - I love what @SilviProtocol is doing with bioregional financing. Peer to peer proof of tree planting is very cool, this model could completely bypass the existing middleman-ridden NGO structure for reforestation. - @deep_funding is doing great work attracting talent from new places (AI). And scaling human judgement to fund OSS dependancies. - I like how @devanshmehta thinks about connecting revenue centers & cost centers for ecosystems. Just like how its hard to survive in nature w/o energy, its hard to survive in business without revenue. By connecting cost/revenue centers. we are able to finance ecosystem public goods in tandem with their growth. - IMO The clearest direction for @gitcoin GG25 is to focus on keeping our own spend (relatively) low while proving out our ability to build coalitions that have impact (and get upside) in 1 to 2 frontier metas with real momentum (maybe x402, AI, stablecoins, DePIN, interop, infofi privacy). Tangibly this means running public goods funding rounds there, and pairing it with token investments to build dealflow and treasury longevity. The PGF rounds build dealflow for the investment engine. - There are others that are doing great things I likely missed. Shill them in the comments and Ill RT the best takes. Thanks @carl_cervone for helping me sensemake here!

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Luki
Luki@LukiLayer·
i just sold my car fun fact, @0xfraan younger brother bought it from me makes me wonder, what should I get next?
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