Optimism Selects Superfluid for RPGF3 Grants Streaming
Retroactive Public Goods Funding (RPGF) grants reward builders and creators that develop infrastructure, tooling, and content that empowers the Optimism ecosystem and network. The web3 community has highlighted how the RPGF program is one of the most successful, impactful and emulated grants distribution programs in the industry.
So far three rounds of grants were distributed by Optimism to contributors: Round 1 awarded 58 projects with a total of $1M in funding, Round 2 saw 195 projects receive $30M in grants and this latest Round 3 is rewarding 501 projects with over $110M in OP tokens. You can learn more about RPGF3 here.
The recipients of these grants are some of the leading projects in the web3 industry that have substantially contributed to the growth and enhancement of the Optimism network. We are delighted to provide the infrastructure through which they are receiving these grants.
The Optimism team was looking for a way to limit the token price impact of this large distribution (30M OP tokens). With one-off grants payouts at scale, a significant portion of the grants could have been sold on exchanges in a short time negatively affecting the token price. By streaming the funding over 90 days with Superfluid streams this risk is mitigated while funding can also be halted if necessary.
Another key factor in Optimism's team decision when opting for Superfluid was the smooth Dashboard UI that users can access to monitor and manage their incoming funds. For example, here you can see all currently active streams, while this is the view for one of the recipients.
The process to set up the streaming distribution was simple and intuitive, reducing overhead and streamlining the number of on-chain actions needed. If you are interested in distributing grants, rewards or airdrops at scale over time, reach out to our team, we'd love to help!
Thanks to the unique composability of Superfluid Protocol, grants recipients can forward their incoming funding stream to their project team members. Superfluid streams can be split and forwarded on custom amounts to an unlimited number of follow-on recipients.
For example, the RPGF3 Treasury wallet is streaming to a RPGF3 Distribution wallet that splits the incoming streams over to all recipients, and from there funds are flowing on to team members wallets that can forward their stream on to other wallets or applications as they please. If you are among the recipients and want to forward and split your incoming grant stream, here is a step by step guide to do so.
If you are curious about the current status of the grants streaming distribution, you can find the current stats on this Dune dashboard. Thanks @0xKhmer for putting this together overnight!
It has been a pleasure working hands on with the Optimism team in enabling this distribution, learning more about their specific needs and getting to know more about the RPGF program overall. We are excited to continue contributing to the Optimism Collective and look forward to offering continued support to the core team.
The Superfluid team has been extremely supportive, working hands on with us in making this grant delivery as smooth as possible. I’d highly recommend working with them!
