Strategic Funding Coordination: Ethereum Support Program

Transcript

We'd like to invite next presenter, Miss Elisa Pancake. Please come up to the stage. Hello. Sorry for the technical problems. recommendation.

And keep the presentation before you have a a presentation. Okay, perfect. Here we are. Um, okay. So, I'm going to talk about and today I'm going to talk about funding public goods and my name is Elisa Bank. I work in the Ethereum foundation in the funding coordination team

and and the team is called strategic funding coordination. So what is what we call SFC. So what we do is basically to understand like the landscape of public goods and then we support them and in order to get in financial incentives. So via like co of funding supports facilitating that co-unding securing those that cunding for different initiatives improving access to funding because what we see is like there's a lot of like builders who doesn't know where the funds are and they want to build like really good things but the problem is like there's little information on where I mean there's so

many dows for example so they don't understand like where the fund the fund comes from and what projects or organizations are currently looking for when funding and then expanding the funding pool. That is a little bit what I what I said before. So as a in what I would call it like as a most impactful and and maybe for you to have it mine is coordinate funding to multiply ecosystem impact. So, first of all, I wanted to like see like who from here and knows what what a public good is and then also like if you have some examples of public goods. So, if you can raise your hands so I can

have an idea. Good. I see one person there and I know somebody else here as well. So, okay. So, let's start from the beginning like what's a public good? Like a public good is basically a non-commercial and and also like a permissionless and thing I would say or it could be like a good or a system where everyone can like participate and everyone can get can use it and it's basically non-paid. So it's like non-excludable and non-rival rival rules. And so some examples are like Wikipedia where it's like people can contribute to it and and basically they don't I mean they don't pay it's they

want to do it because it's it's a hobby or it's for fun and like somewhat free examples could be like open source software libraries and operating system security. So like for example it could be solidity. So we all or like devs use it but they don't need to pay for it but it's really important for the ecosystem because it's a way that the Ethereum ecosystem expands and keeps building and and keeps improving day by day but somebody needs to pay like devs and somebody needs to like pay to make improvements in web three.

So what I see is like I try to summarize and the the current challenges for like public goods funding in three main items which is the funding gap, the modalism trap and the allocation dilemma. So when I say like the funding gap, what I mean is like and so there it's very like sometimes or like what I see in different projects is like it's very it's easy in brackets to or in quotes to when it comes to fund for example 200k projects but it's really difficult when it comes to like 20 million that maybe or like three million that it's for example some funding need that that we

see for example for when it comes to FH or when it comes to like open source libraries that needs to develop like from or like Viper and or yeah it could be like also like Argot um then like that's very like that's challenging and it's something that we need to take care of and like we we as a team as SFC and we try to like solve this problem the moralism trap which is basically so there's a like if we ask people they all care about public goods or organizations. They care about public goods. They understand what public goods are but and they are not really willing to support them just because there could be like I mean people think like it's

just it's something that you hear like that you receive because like you just leave or like you're just in this planet. And so like it's part of like our role to educate and to understand like how or like different mechanisms that could be done in order to fund public goods and its importance in the in the ecosystem. And the third third one is the allocation dilemma which is basically like some we have a lot of examples where organizations know or like they care about public goods they want to contribute to public goods but it's really they don't know how and they don't know how to allocate those funds into different public goods because they

don't understand or like it's not that they don't have the time to to think about what's important or they don't have that visibility. So SFC comes into place and gives visibility about this. So this is like a rough example like the moralism trap like around like 70% of organizations and people this is a rough number care about public goods but and they don't know how to contribute, how to allocate funds or and how to get involved.

So this was a lightning talk. So and if you are like interested about public goods or if you want to if you have any idea or if you have like any funding mechanism that we can and we can like talk about and and or even like want to explore about like what public goods are and why it's important please connect with me and this is my telegram I forgot like X is Elisa Pangate01 and or LinkedIn or just like chat with me after this conversation after this presentation. Thank you so much.

>> Thank you very much.