Optimism announced a new era for their retroactive rewards program.
Now rebranded as Retro Funding, the collective has allocated 850M OP (∼$3.3B) to the program that rewards impact across the Superchain.
Previously operating as a broad, annual event, the rewards program will now be segmented into four distinct categories, each with its own deadlines.
The goal of these changes is to refine the OP allocation process by narrowing the focus of each round, providing participants with a clearer understanding of what impact will be rewarded.
If you’re an artist or builder, keep in mind that the deadline is May, 2024.
This post will be included in Invest in Music's Retroactive Public Goods Funding proposal for Optimism.
Invest in Music is sponsored by Coop Records - an onchain record label.
Coop Records has released 150+ songs onchain and drops this week like:
To share your songs - email demos@cooprecords.xyz.
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What Should I Know?
There are four categories in the Retro Funding program:
If you’re an artist, creator or builder, you should submit under the ‘Onchain Builders’ category, with deadline in May, one month from now.
This round rewards builders growing Optimism's reach and impact by attracting new users, amplifying network effects, and increasing protocol engagement across the Superchain.
Although these guidelines don’t go into the specifics on how impact will be measured under this category, we’re confident that Optimism will share more details soon.
From their announcement:
“Every Base project is eligible for Retro Funding, every Mode project is eligible for Retro Funding, every Zora project is eligible for Retro Funding, every Farcaster project is eligible for Retro Funding, every sound.xyz project is eligible for Retro Funding, every OP Chain is eligible for Retro Funding, everyone, anywhere putting the work in to improve Optimism is eligible for Retro Funding.”
Keep an eye out for Optimism updates!
Why Should I Care?
Retro Funding offers a new opportunity to be recognized for your contributions to the Optimism collective, across Base, Zora, and OP mainnet.
After distributing over 200M OP through airdrops, retros, and grants, Optimism began to actively involve artists and creators in RetroPFG III.
Culminating in the launch of the ‘We <3 the Art’’ competition, and Airdrop #4, both targeted at artists and creators.
With the deadline just one month away, we encourage artists and creators to seize this opportunity and participate, even if they were not rewarded in previous rounds.
As Optimism continues to iterate based on community feedback , remember that we will be participating in governance from Invest in Music.
If you have ideas or feedback, please join the chat, and consider delegating your voting power to us.
Good luck with the Retro Funding, and stay tuned for upcoming updates!
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