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  • kingleo23@kbin.social
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    1 year ago

    Somewhat interesting development: https://publicgoods.network/ Looks like the public goods funding projects (Gitcoin, protocol guild, clr.fund, giveth. etc.) have built a new L2 on the OP stack. The differentiator as stated is that the majority of sequencer fees will go to public goods in an effort to secure more sustainable public goods funding. The details on the governance mechanism are scant so far from what I can find, and execution there in my estimation will make or break this idea. I will say I like the idea of sequencer fees being directed towards public goods rather than just a few VCs pocketing them which seems to be the current trend in the L2 industry, but introducing governance there also opens up a very large can of worms and will be interesting to see how they intend to keep that credibly neutral and prevent capture
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    • hanniabu@kbin.social
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      1 year ago

      introducing governance there also opens up a very large can of worms and will be interesting to see how they intend to keep that credibly neutral and prevent capture

      I think by “govern” they just mean the network is being run by pg project (Gitcoin, protocol guild, clr.fund, giveth. etc.)