PGN is both a digital schelling point and the worldβs first L2 that works to create durable and recurring funding for public goods.
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As PGN prepares for its network wind down in June 2024, we are committed to supporting users to withdraw their assets as efficiently and affordably as possible, including those who participated in @gitcoin #GG18 and #GG19.
Following are best practices on how to off ramp assets.
PGN aimed to fund the world's public goods, driven by generating revenue via network sequencer fees and returning those funds back to public goods at large.
After a thorough assessment, we have decided to wind down PGN over the next 6 months, tentatively closing in June 2024.
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π’Β Introducing: Public Goods Networkβ a community-led L2 ecosystem for public goods maxis.
It's time to explore durable mechanisms to generate abundant and legitimate funding for public goods. @pgn_eth is a new a digital schelling point for public goods supporters. π§΅
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π’ PGN is officially live on mainnet and open for building!
PGN is a low-cost L2 OP Chain, generating sustainable funding for public goods, supported by public goods maxis like @PublicNouns @clr_fund @giveth @hypercerts @octantapp @endaomentdotorg @eco @protocollabs & @gitcoin.
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Today, we are sharing a bittersweet update on PGN's future.
Since launching the Public Goods Network in July '23, our journey has been one of building and learning, fueled by the incredible support of the Public Goods Alliance, our community, partners, and of course @gitcoin.
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π’
I just minted PGN on the Public Goods Network via @ourZORA
zora.co/collect/pgn:0xadfabdβ¦
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π’ Think we can get to 1k addresses bridged by Monday?
You regens are amazing! π³
bridge.publicgoods.network
More assets coming very soon π
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π’ We did it, regens! π’
bridge.publicgoods.network/
π’ Think we can get to 1k addresses bridged by Monday?
You regens are amazing! π³
bridge.publicgoods.network
More assets coming very soon π
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New bridge design is coming in hot!
What do you all think? Should be live next week.
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π€― Over 100k deposit/withdraw transactions on the testnet alone.
π³You are some crazy regens!! We love the support.
π’ Mainnet details are coming soon. Thanks for the support, and stay tuned!
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π’ ICYMI yesterday we announced that PGN is live on mainnet.
Today, we have something special for you π
π’ PGN is officially live on mainnet and open for building!
PGN is a low-cost L2 OP Chain, generating sustainable funding for public goods, supported by public goods maxis like @PublicNouns @clr_fund @giveth @hypercerts @octantapp @endaomentdotorg @eco @protocollabs & @gitcoin.
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With backing by @ProtocolGuild @clrfund @PublicNouns @Giveth @hypercerts @protocollabs @OctantApp @hedgeyfinance @ecoassoc and @gitcoin, the network aligns efforts and resources, freeing public goods organizations from competitive funding silos π€
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Largest regen community π€ new public goods network π₯
We hear a grants round is scheduled in August too. πΈ
Thereβs a new chain in town, and its mission is impact π’
We are excited to announce that Grants Stack now supports a new L2 δΈ Public Goods Network: The Chain with Purpose. @pgn_eth is a low-cost Layer 2 (L2) OP chain dedicated to generating sustainable funding for public goods
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βtis the L2 season
Two huge releases yesterday:
π’ @pgn_eth β a mission driven L2 to benefit public goods
π£ speak now (Taylorβs version) β I forgot how hard back to December slaps
what a time to be alive!!!!
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PGN is a L2 OP Chain, a highly composable EVM compatible rollup. The majority of net sequencer fees will go toward supporting public goods in Ethereum and beyond. We believe sustainable revenue sources for public goods are possible β
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Excited to share "But Why PGN? One Builder's Opinion", our first PDF NFT mint on PGN via @ourZORA.
This is a meta exploration by PGN protocol lead @mybellalogica of why we are building PGN, and how we believe it is contributing to the future of public goods. 𧡠π
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In the future, projects can receive revenue directly through sequencer fees via Contract Secured Revenue. This aligns incentives between the network and the developers building on top of it. EIP-6969 makes this possible:
EIP-6969 presents a generalized protocol which networks can reference to implement Cantoβs Contract Secured Revenue (CSR). Although this initial EIP targets L2 implementation, it can be applied to any network which uses EIP-1559 logic, including ETH mainnet.
ethereum-magicians.org/t/eipβ¦
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π’ Public Goods Network is the chain with purpose. Public Goods are Good. Together, we can make them great.
Join the movement and learn more at publicgoods.network, and follow @pgn_eth to make it happen.
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Powered by @conduitxyz and @optimismFND, PGN is a highly composable EVM compatible rollup, nearly identical to OP Mainnet and Base. dApps from @jokerace and @ourZORA have already deployed, alongside infrastructure partners such as @beamerbridge @safe @graphprotocol & @goldskyio.
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The Public Goods Network will be a public good itself. Developers and champions can fill blockspace on PGN, fueling the objective of growing and funding public goods. No additional financial commitments required β¨
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π’Imagine a future where public goods funding is abundant, recurring and allocated by those aligned with our collective goal of building and funding public goods indefinitely.
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Imagine a future where public goods funding is abundant, recurring, and allocated by those aligned with our collective goals.
Public Goods are Good. Together, we can make them great. Join the movement at publicgoods.network and follow @pgn_eth to learn more. π’
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Portions of @gitcoinβs next grants round, GG18, will also run on PGN through @grantsstack!
Submissions for GG18 open Aug 1, and funding runs Aug 15 - 29. PGN will be a digital schelling point for public goods funding with Gitcoin and beyond.
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We're proud to have two GG19 @gitcoin rounds running on the Public Goods Network!
If you're new to PGN, read on for answers to our top FAQs π π§΅
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Collaboration by @Optimism @superchaineco @conduitxyz @jokerace_xyz @Zora @layerswap @base @LayerZero_Labs @hatsprotocol @superbridge @guildxyz @goldskyio @HopProtocol and more has been incredibly generous and we want to thank you all for the time and effort you spent with us.
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PGN deployment and infrastructure are ready for testing βοΈ
Comprehensive bridging, transaction view, block explorer, and core infrastructure are in place to leverage PGN's capabilities.
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Governance of the Public Goods Network rests with a trusted group of public goods maxis. By joining the alliance, projects contribute to the growth and sustainability of public goods funding.
Weβll share more @fundingcommons so check out our activations in Paris, July 15-16 π‘
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welcome to the network @VitalikButerin
etherscan.io/tx/0xf69b069b0dβ¦
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To our community, thank you for rallying around us.
The vision of sequencer fees sustaining public goods is still a noble one.
As L2 ecosystems evolve, the race to fund innovation continues.
Gratitude to everyone who contributed to making PGN what it is today.
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π’
β’ @pgn_eth launches L2 ecosystem
β’ @Compound considers new #grants program
β’ @jokerace_xyz v3 moves beyond #token voting
β’ @1inchDAO considers grant request to develop #constitution
β’ @nounsdao considers ecosystem-wide #governance #standards
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Bridge ETH to PGN bridge.publicgoods.network/
**We recommend only transferring small amounts of ETH for starters. Do not directly transfer ERC-20 tokens to the bridge address.**
More tokens will be coming soon!
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Mint -> Collect -> Read -> Fund
Proud to host @grantsstack @metagov_project 's report on the web3 grants landscape.
π£ BIG NEWS! Unlock the mysteries of web3 grants by collecting a comprehensive report, while supporting Turkish charities during a dedicated QV round at @schellingpoint_. The report delves deep into the ever-changing landscape of web3 grants programs to offer valuable insights and a roadmap for running a successful grants program π«‘
π€Collect the brief version of the report and contribute to a QV round that kicks off on Nov 16 in Istanbul, dedicated to supporting Turkish charities. All proceeds of this mint will go towards the matching pool. Let's make a positive impact together.
Key dates:
Nov 6 - Mint goes live
Nov 15 - Mint ends
Nov 16 - QV round goes live
Mint the PDF on @pgn_eth: zora.co/collect/pgn:0x9c0b5fβ¦
The charities in the QV round are:
π«ΆDΓΌnya DoktorlarΔ± DerneΔi: DDD's mission is to deliver vital medical aid to those in crises, offering free healthcare services to refugees in Turkey and Syria since 2015.
π«Ά Support to Life - disaster relief: Support to Life is an independent humanitarian agency aiming to provide access to the basic fundamental rights to the communities which are affected by natural and/or man-made disasters.
π«Ά LOSEV Foundation for Children with Leukemia: LΓSEV, a non-profit NGO, has aided 65,000+ leukemia patients and families since 1998.
π«Ά Mother Child Education Foundation: Established in 1993, ACEV focuses on lifelong education, starting from early childhood.
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ICYMI the Ethereum Infrastructure round of @gitcoin GG18 is live on PGN with 106.9 ETH in matching funds.
explorer.gitcoin.co/#/round/β¦
Ready to fund what matters? ππ§΅
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Could @eco be the easiest crypto wallet that supports PGN?
mayyyybeeeeeeeeeπ
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ππ’π
1/ @optimismFNDβs OP Stack and Superchain are on the rise π΄π΅ππ’π‘
Letβs explore:
β’ Our Superfriends @BuildOnBase @ourZORA @pgn_eth @modenetwork +2 more OP Chains
β’ Adopters @BNBCHAIN @0xMantle @MetisDAO @bobanetwork +8 more OP Stack Forks
π§΅A megathread by @davidtsocy
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After six months of mainnet network launch, fees will be assessed and allocated based on cumulative impact data. Join the Network alliance to collaborate on determining the split of sequencer fees βοΈ
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Tell us who else you would like to see building on PGN by submitting a suggestion on @jokerace_xyz.
jokerace.xyz/contest/publicgβ¦
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PGN is committed to a minimum two-year experiment where partners run dApps on PGN, supporting public goods funding. We invite others to join this commitment and contribute to the growth and sustainability of public goods initiatives π«‘
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Lastly, without promise of a future airdrop, as a native token is less aligned with PGN's financial model, we saw far less traffic than other emerging L2s.
Ultimately the Tx volume on PGN was not sufficient to generate positive revenue.
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After six months of network launch, PGN will assess and allocate fees based on cumulative data. Organizations interested in building, receiving funding or improving PGN can join the Public Goods Alliance to collaborate on governance and sequencer fee split decisions.
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π’π
πSAVE THE DATE π
πGitcoin Grants 18: Aug 15-29, 2023π
Mark your calendars for #GG18! Applications open on August 1st β be on the lookout for more details to follow π«‘
Letβs Fund What Matters. Together π
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Withdrawals of all assets from PGN will be available from now through June 2024 via our bridge, as well as other supported bridges on @superbridge and @layerswap. bridge.publicgoods.network/
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PGN mainnet will have a very brief window of scheduled downtime at 1am EDT Sunday, September 3 to make necessary updates to mainnet.
The downtime, if any, will be very short and definitely no longer than one hour.
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Public Goods Network is the chain with purpose. Ready to try it out for yourself? Letβs go!
Start with docs.publicgoods.network/ for information on how to add PGN to your wallet, to learn more about the tech and ethos powering PGN, and find out how to start building.
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We're immensely grateful for the support from the community, contributors, and partners. The PGN team consisted of a mighty three, @mybellalogica @sophiadew_ and @lebraat, with support from @gitcoin showcasing its collaborative and innovative spirit.
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Mint -> Collect -> Read -> Discuss -> Contribute -> Build -> Fund
zora.co/collect/pgn:0x1f2c9aβ¦
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The decision was not easy, but a realistic evaluation highlighted challenges in our ability to meet our goals of generating significant funding for public goods.
Read for details, learnings and next steps, and see the forum post by @kbw for more context. gov.gitcoin.co/t/announcing-β¦
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"A closer look reveals a flourishing ecosystem where organizations like Gitcoin and the Public Goods Network are redefining the possibilities of open-source funding, with significant implications for public goods."
@CryptoSlate @akibablade deep dive on open source funding πππ
Op-ed: Letβs talk about @gitcoin β the silence around open source funding is deafening
To build a decentralized internet, we cannot rely on centralized funding alone.
via @akibablade #Oped #Gitcoin
cryptoslate.com/op-ed-lets-tβ¦
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PGN grows the pie of available funding for public goods, aligning devs and consumers. Devs automatically generate funding for public goods by running dApps on PGN, and users get a compatible, affordable alternative to Ethereum mainnet.
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Lastly, but certainly not least, the builders who showed up and contributed valuable development and infrastructure were incredible.
True regens!
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We're in the FINAL HOURS of #GG19
If you're stuck, reminder that our tg is the best spot to find tips and tricks for onboarding and using PGN
t.me/pgn_eth/3295
π’ Gitcoin Grants 19 is LIVE until 23:59 UTC Nov 29th
#GG19 is your opportunity to Fund What Matters & get your donations multiplied with matching funds in the biggest Quadratic Funding event in web3 π«Ά
TL;DR on GG19:
Back to our roots w/ 3 Program Rounds:
π οΈOSS
βοΈETH Infra
π€Web3 Community
9 Community Rounds π
Donate: grants.gitcoin.co
Let's Fund What Matters. Together π«‘ π
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ICYMI submissions closed on PGN's first jokerace, and VOTING IS NOW OPEN for the next 10 days.
jokerace.xyz/contest/publicgβ¦
If you held #GTC during our August snapshot, then you are eligible to vote.
Here are some of our favorites π
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There's just 1 day left to participate in GG18, the first ever @gitcoin grants round on PGN.
See you there?
π£REMINDER that #GG18 closes on Tuesday, Aug 29th at noon UTC, so make sure you get your donations in before the deadline!
For those that are in the North American timezone, we recommend getting your donations in by tomorrow, Aug 28th π
grants.gitcoin.co π
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Despite the challenges, having a network dedicated to public goods brought together the best people and projects, passionate about Public Goods. The silver lining lies in the lessons learned and the relationships formed.
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what if we funded public goods during the final hours of #GG18?
π π
explorer.gitcoin.co/#/round/β¦
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You can now mint THE first NFT on PGN, designed by @cicici__ci, minting with @ourZORA.
All mint revenue and the majority of the net sequencer fees will be directed to funding public goods.
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π PGN launched almost 6 months ago as a digital schelling point for public goods, with the goal of generating public goods funding via L2 sequencer fees.
As a public good ourselves, we believe it's important to share learnings and updates to advance the ecosystem at large. π§΅
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PGN launched early, only behind Base, and Superchain interoperability infrastructure and developer tooling is still being developed. This made PGN's growth in this emerging environment particularly challenging for a small team.
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We are just getting started, and we want to build with you.
To learn more and find out how to get involved, visit publicgoods.network/
π’
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Additionally, encouraging people to migrate without the convenience of a scaled network was challenging, and the resources needed to support this were out of scope with PGN's budget.
Low liquidity on bridges, lack of DEXs and core infra like a Safe UI all caused large headwinds.
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One of PGN's initial paths to success focused on Contract Secured Revenue (CSR).
Unfortunately, CSR is not a technology we could implement alone on the Superchain, which meant that it could not serve as a key differentiator for our network.
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Have burning questions about PGN? Curious whatβs next? Join us, tomorrow, Jan 25 at 12pm ET, as we discuss the future of PGN π
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From the beginning, PGN aimed to be more than a Gitcoin appchain, however we saw that without a dedicated dApp experience that was uniquely high quality on PGN, we could not compete with the increasing competition between L2s.
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ISO frens
If anyone heard about the @pgn_eth announcement yesterday and would like to see how to work with us please shoot me a DM on here or on Telegram.
I've already been getting messages, but I thought I'd officially put it out there.
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We'll be sharing plans soon on an orderly shutdown, systems to support users and a transparent reflection on successes and failures.
For more details and bridging options, visit our documentation docs.publicgoods.network/ or connect with us on tg t.me/+9_ZHRaz7nmJkMTIx
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When @LayerZero_Labs drops into the PGN Builders Call
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ππ’π
1/10 π Today weβre thrilled to unveil the next iteration of Drips π
Drips is a decentralized toolkit for funding public goods, that builds on the interdependence of software projects & people.
π§drips.network/π§
Hereβs everything you need to know π
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did somebody say schelling point?
this is not a small matter
if you can build on something like @pgn_eth and potentially get some revenue back from the transaction you drive in sequencer fees, while ensuring the other revenue goes to public goodsβ¦
this is a major selling point
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The forming of the Public Goods Alliance brought many of the best public goods projects together to explore how we might expand and grow funding, which remains a worthwhile exploration that we hope will continue after the Network sunsets.
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As we look ahead, the path to PGN's success is complex, requiring substantial capital and a dedicated team.
If others wish to support or take over, we're open to discussions and would love to see what a new future home and use case for PGN might look like.
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This has been really instrumental in supporting our network and reducing costs. π
Though PGN is on a wind down path, this migration is incredibly valuable in ensuring we minimize fees for users in the short term. π
Build whatever with Celestia underneath β¨
Last week, leading L2s migrated to @CelestiaOrg for modular data availability
Conduit managed the process for them, with seamless transitions for the teams and users of @aevoxyz, @lyrafinance, @hypr_network, @OrderlyNetwork & @pgn_eth
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We believe play is a public good
play on, regens @jokerace_xyz
jokerace.xyz/contest/publicgβ¦
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π οΈ We're making a few small repairs.
π Please report if you notice any issues.
π«‘ We will update when maintenance is complete.
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PGN is the quiet kid who got hot after high school
Blockchains if they were in school
Polygon - front bench A graders
Arbitrum - socially awkward stoners
Optimism - cool kids smooth with the opp sex
Base - kids acing tests without studying
Celo - high school activists
Ethereum - nerds
Solana - athletes
Bitcoin - bully
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π’ Attention PGN Builders!
As PGN prepares for network wind down in June, we are minting a Hypercert to recognize your impact in the PGN ecosystem.
Make sure to fill out this form by April 1 if youβd like to be recognized: forms.gle/veHCmmjsxD9gRCxz6
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Letβs Goooooo(ldsky)!!!
Goldsky is proud to support onchain public goods! βοΈ
@pgn_eth <> Indexed.xyz streamlines access to onchain datasets, making it easier and more affordable to start working with data in Web3.
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IYKYK that this is a BIG DEAL
Unified testnet faucet ftw!!!
Introducing the Superchain Faucet, which provides testnet ETH for all OP Chains by leveraging the power of @gelatonetwork Functions.
This makes it easier than ever for developers to get access to testnet tokens acrosss testnets in the Superchain.
app.optimism.io/faucet
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ππ
Today we're doing a short dive into a standout feature from one of our partners, forced withdrawals via the @superbridge
Forced withdrawals are your escape hatch in the world of OPπ΄ rollups, so let's dive inππ§΅
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