my name is Dan Lippert I'm the VP of
engineering at get coin and today I'm
gonna talk about sustaining open source
software so what do we do at git coin we
try to sustain the open source community
and one of the ways we've done that is
earlier this year we launched our grants
project and what grants basically is
it's like patreon but for open source
software basically you get recurring
revenue for your project and why that's
special is if you're an open source
developer maybe every once in a while
you get a donation of one thousand or
five thousand dollars at a time
and that's really great but what's
actually better is if you can count on a
recurring amount of donations every
month and so we built that project using
AI p133 7 which is a subscriptions model
on ethereum using meta transactions and
so basically if you were to donate say
100 die to a project instead of just
sending that 100 die what you can do is
use our tap go in select that you want
to donate 10 die for 10 months and then
you simply do a signature that gets sent
to our back-end and then we mind those
transactions for you every month using
meta transactions so it's a really great
way to not just get money but have money
that you can count on and as an open
source developer that's really great
because it's it's almost like having a
day job right it's almost like working
for some company or some startup where
you have that guaranteed paycheck every
month one thing that we added on this
year is capital constrained liberal
radicalism and what is that
basically it's a way that we can match
funds from big donors to our grant
recipients and there's a lot of
different ways that you can do that but
basically you can think of two models
and clr is somewhere in between you can
think of the the model of $1 one
though right so someone donates $1 and
then we match that with $1 or $10 or
$100 right or you can think of one
person one vote so one person makes a
donation be that $1 be that $1,000 and
then we match that with some
predetermined fund say $1,000 well what
clr does is it's actually in between it
counts the fact that $1 is not the same
to every person right but you do want to
have that skin in the game so you do
want to count the amount of the donation
that was made and so clr is a really
nice balance between that of course it
was created by metallic Glen while andso
hit sig definitely check out the paper
see the eath research forums if you want
to know more about how CLR works it's a
really cool economic model and it's
worked out really well for us so you can
see here here's like a demonstration of
how the funding model actually works so
you've got loops you've got an amount
here say 275 dollars and then we match
that with another 275 dollars but that's
it that's just one contributor making
one donation of $275 if that $275 comes
from two people that's a really good
signal right that means more people are
interested in this project so we match
it with even more funds even though it's
the same amount $275 if you go all the
way to the right here if 10 people
combined donate 275 dollars that's like
each person right that's all combined
that's each person donating like 27
dollars that's a really amazing signal
that this project means something to the
community and so we match it with even
more funds and so that's that's kind of
the idea behind CLR it's it's not how
much you donate its we're trying to
figure out how much people care about a
project using their donations as a
signal so our first round early this
year 2019 we had $25,000 in our
open-source sustainability fund and we
fielded $13,000 via 132 contributions
here was the kind of the winners or the
the highest ranking projects on our
platform prismatic labs Molock Dow you
know a lot of great projects here III is
one of my personal favorites then we
went on to round two and of course each
time we want to make it even bigger so
we had $50,000 and our OSS fund this
time we fielded fifty six thousand
dollars from 214 unique contributions
and here are the projects that did well
that round of course the prog pal
technical audit hopper decentralized
privacy-preserving something plasma
group wallet connect you to swap Moloch
down so another successful round and
round three we had $100,000 so what were
the results before I get into that
actually I want to talk about something
that we launched on the platform that
was new for this round which is
real-time estimations of how much your
contribution will affect the project how
much matching funds you'll get as you're
making the donation so you can see here
when we have a hundred thousand dollars
in matching funds your donation can make
an absolutely huge difference with clr
for this project if you were to donate
one die we would have matched it with
115 . if you were to donate ten die
that would have been two hundred and
seventy-four die and so you can see as
the amount of your donation goes up you
know we don't donate we don't match it
linearly it kind of curves off at the
end but like I said before the important
thing is that we know that this person
cares about this project you know we're
using your donation as data to match our
funds so so it was a really successful
round people were really excited that
they were able to see that hey I can
donate $1 and it actually gives over a
hundred dollars to this project
so here's just some folks from our
community
I gave one die to six projects on get
coin today and here we're here were the
matches for each project for Austin
Griffith 81 died for ethers yes eighty
nine died for fuzzing 126 thigh so you
know six dollars generated hundreds and
hundreds of dollars in matching funds
over here we have ten digging some died
out of this couch so to speak and you
know chucking in one die to to make a
big difference to these different
projects and these open-source
developers and then another person four
dollars into six hundred and forty five
dollars here we see vitalik excited
about our grant clr around three Hudson
Jameson as well
contributing Tendai to five projects and
you know we're really excited when we
see this type of community engagement
because we feel like for too long
there's been this idea in the community
that there are these individual people
who have a ton of ether and you can go
to them on Twitter you've got to network
with people you've got to find them you
got to have that connection with them
and then they'll give you tens of
thousands of dollars for your project
right and so it's very centralized right
we have these individual nodes that
control the funding or so people think
but actually that's not true you know as
a community we have hundreds thousands
tens of thousands of people who are
interested in open source software
interested in the theorem and we want
their attention and we want their input
as to where these funds should go
you know what projects are worthwhile
for the community you don't need to have
thousands of ether to help us determine
which projects are needed and so that
was kind of our goal with CLR that's the
goal behind our open-source
sustainability fund
and so the round 3 results hundred
thousand dollars in matching funds and
170 thousand across two thousand two
hundred and sixteen unique contributions
the Elite Eight Lighthouse Austin
Griffith eath hub our die
prism Viper the gas stations Network and
ethers je s so congratulations to the
winners of our latest clr round
we're excited for the next round our
goal is to raise 150 thousand dollars
for our open source sustainability fund
if you want to contribute reach out to
me reach out to Kevin Walker reach out
to Aditya any of the get coin team
members and we'll let you know how you
can help out and finally I just want to
ask what would the world look like if
open source was sustainable what would
it look like if the people who build
these tools to get paid for it and have
a guaranteed paycheck every month thank
you
[Applause]
you