Thanks for the comprehensive report!
Thanks for the comprehensive report!
I would absolutely support a second governance approval from this team. It has been a pleasure working with you. The review and approval process of the grant was fast and transparent.
The ability to finance the idea developments at the earlitest stages is critical for the development of new projects. Prezenti is a great vehicle to achieve that.
Would definitely support the next governance approval!
Happy to support next round.
They believe in our project and give us the funds we need to start the project.
We are working now in accomplish the milestones proposed and will come back to show you the results of this amazing initiatives.
This is absolutely yes we know that start a project sometimes overwhelm you, and this kind of supports helps a lot.
yes! I believe programs like Prezenti are paramount to continue growing the ecosystem.
As a Prezenti grantee from the @BlockchainNaEscola project, I also want to highlight the great work the the team has been doing. The application process and milestone completion processes are well-structured and smooth, which makes us very confident on the success of Prezenti.
Thanks for the transparent update! We’re all lucky to have you
Thank you @Thylacine for this comprehensive update!! It’s so impressive to see the work you’ve done and your commitment to add value to the Celo Ecosystem.
One piece of feedback I have is re-posting the grants recipients blog post as a Forum post here as well. Maybe it’s redundant but I think keeping the information on another site fragments the audience and I’m personally more likely to see the update if it’s on the Forum. I think the blog is beautifully done and you should carry on with it, but perhaps also post the cohort info here – maybe we can create a category called Community Grants? Happy to help you set that up!
Also, I trying to access the “Ledger” tab but the link brings me to an empty page. Let me know what’s the best way to access it to check out the tx history. I really appreciate the level of transparency this team has set up, I think it’s super important with any community fund.
*** Update: the page took a while to load, but it’s there! Leaving the previous text here in case anyone else experiences the same issue, mine was just blank while loading. ***
I think this is definitely true, we’ve seen it with Prezenti as well as the upcoming Regional DAOs picking up. I see a lot of pros but also some cons to be aware of in supporting another round of funding.
With that said, I really believe the Prezenti team has Celo Ecosystem’s best interests at heart and will be able to navigate these decisions gracefully. The on-chain fund is a commons that our whole Celo community shares and we need to be mindful about how we steward it but I think this is an important and worthwhile endeavor to continue to provide grants to teams in the ecosystem. I’m looking forward to more updates and happy to provide any other feedback on the future of this fund!
The on-chain Community Fund is rapidly drying up and the community needs to be aware of implications of funding not just this, but any proposal. There are currently 2 large DAO proposals, 3 more regional community teams, and a large Security ask. The on-chain community contract doesn’t accurately reflect how much funding is there because previously passed proposals still have claims they haven’t executed yet. While this data is publicly available by accessing the Github pages of proposals it can be difficult to query, so perhaps we need to put together a post that accurately reflects the current state of the on-chain fund.
I agree with you about the importance of the community Fund and I think is crucial to highlight to the voters the % of the Funds that each proposal ask to weight it with the execution time and the expected result to have more informed and responsable voters.
Quick example: If tomorrow I put up a proposal to ask for 25% of the total community Fund for 1 year of runway and after it what the proposal brings back to the community fund is just 5% of what was given then it clearly don’t make much sense from a cost/opportunity standpoint.
Thanks @0xGoldo, good comment. I’m definitely up for a retrospective impact analysis of the projects we have granted (or Prezenti as a funded program itself), however success metrics for projects we fund are mostly non-financial in nature. If we were operating as a VC, it would be a little easier to rank outcomes in simple way, but evaluating grantee impact against Celo as a human and economic movement is a bit trickier.
We are paying grants out not in large one-shot payments to successful applicants, but in smaller milestone-based payments paid in arrears to each grant recipient after pragmatic blocks of work are complete. This gives a good ongoing record of which projects are kicking all their goals, and which are languishing without progress (hopefully none). Needless to say we wont be paying out milestones that are incomplete, so there is some element of course-correction built in to our agreements with each project.
Once more of the projects are working through their milestones we’ll definitely have some completion statistics to share which could be the start of some sort of impact dashboard or feedback post to the community. Will be a good chance to share what the community has funded and do a little bit more of a showcase of our grantees as @annaalexa mentioned as well.
High-level though - it’s a great question to ask: “what is the community getting out of this?” This should be asked frequently, especially as the pool of funds gets lower.
Hello everyone, grateful to see programs like this one running over Celo, this kind of programs are very important helping new developments of projects that are aligned with Celo’s Mission like us.
We arrive late to be part of the actual cohort, but we really want to be part of next cohort, hope to be in a near future.
Thanks for your valuable points @annaalexa .
It is a great idea to have a thread inside the Celo forum to capture the initiatives that have been funded via Prezenti. We have created a post here(Prezenti Grants - Recipients and Updates) and this will be the one stop view of all initiatives and updates on progress when it becomes available.
We believe transparency is key. While the Governance contract is at the top level transparent, the initiatives it funds downstream are subject to disclosure from the stewards. While the initiatives in Celo are great with being transparent, grant programs within the industry leave a lot to be desired on this front. We set out to be the industry standard and allow all of our transactions to be publicly available to anyone. Glad that the tx list showed, we will try to make sure it does not lag in the future.
Thank you for your amazing comments on the Pros. As for the Cons, we could not agree more. Early on, we had issues finding information about the Community Fund and its current status. To remedy this we helped create a beta dashboard that shows the status of Community Fund and open sourced it(this is a voluntary contribution and was not funded via Prezenti). We welcome feedback or feature requests by creating an issue on the GitHub repository:
Thank you all for your positive feedback and support! Its been amazing getting to meet and help community members in the ecosystem.
Some advances with the funds the project have received and more cooming:
In my opinion, grants are very important, especially for those who are bootstrapping. It would be amazing to have more rounds like this
Our proposal is now live!
Please upvote and vote
Hi friends from Prezenti. The State Government of Pernambuco published an open data portal where people can see the destination and percentage of completion of all programs and funds for innovation: https://www.secti.pe.gov.br/fundo-inovar/
I think this is a wonderful idea. What do you think of creating something similar to Prezenti or to Celo´s grants?
The Stake ID link does not seem to be working for me?
Congrats for passing the proposal.
Hope to get notified when new submissions are open.
ANNOUNCEMENT: PREZENTI REOPENS FOR APPLICATIONS
Thanks to community support with CGP 89 (Celo Governance by Staking Fund) passing, Prezenti now has an additional 1.6M CELO to help Celorians create value in the ecosystem.
Applications are open and must be completed here: Apply For a Grant
We look forward to hearing about your ideas for contributions to the ecosystem!