Drips: Fund your Dependencies

Public Good Projects Discussion
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Note: as an effort to give back to Octant community, just like with Epoch 0, 100% of funds given to Drips in Epoch 1 will be re-directed to the FOSS projects that the Octant project depends on: Wagmi, Web3.py, Flask, Nimbus. You can see the funds flowing to these projects in Ocant’s Drip List here.

Drips

Drips is a new protocol (and app), built on Ethereum, that enables organizations and individuals to directly and publicly provide funding to the free and open-source software projects they depend on the most.

At the core of the Drips user experience is the Drip List. This is a collection of Ethereum addresses, ENS names and Git repositories curated by an individual or organization and packaged together under one title. This list is accompanied by a percentage (of funds to be received) allocated to each item on the list. These lists are publicly available, and shareable on the web with the ability to be either editable or immutable.

Drip Lists

With Drip Lists we make project recipient lists permanent, public, and open for anyone to support. This allows the creator to curate a list of recipients and provide context about them, effectively signaling to others in their community by setting an example. All of this makes it simpler to discover projects and people in need in your ecosystem and transparently support them.

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Inspiration

We are all interdependent, and our success hinges upon the success of others. Drips is rooted in recognizing and building upon our mutual dependencies. By leveraging our interdependence, we ensure that resources are directed to areas of genuine need and impact. If we truly desire a society capable of creating and nurturing these indispensable FOSS software stacks for the long haul, we must confront the urgent need for financial resilience. Collectively we can forge sustainable economic models that nourish our interconnected communities, cultivate thriving public goods, and ensure the longevity of the software that underpins our digital world.

Team & Community

Drips originally started as part of the Radworks (originally Radicle) project and community and now in 2023 the seed has sprouted to become its own full-fledged project, We are a decentralized organization of developers from all over the world who are passionate about free and open source software and new economic mechanisms to support it. If you would like to connect, the best place to find us is on our Discord. We welcome community feedback and new contributions.

Links

Eligibility

  • Do you have a commitment to open-source (i.e. every open-source license accepted by the Open-Source Initiative) technology and sharing results publicly?
  • Have you provided transparency about how exactly funding will be used?
  • Are you advancing values of freedom and privacy (no surveillance and handling of personal data)?
  • Are you supporting decentralization in various fields (for example building Web3 projects)?
  • Have you provided social media channels to the extent that we can confirm social proof of your project?
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Gm Octant Community! :sunny:

We’re excited to share our latest updates and plans, focusing on enhancing our support for communities and introducing new developments.

New Developments:

Over the last few months, the Drips team has continued to improve the Drips webapp, adding the following key features:

  1. Added support for “gives” in the webapp. Using gives allows funders to instantly send support to Drip Lists and recipients projects, similar to an ordinary Ethereum transaction, but while still splitting those funds according to the recipients’ splits configurations. Ultimately this results in more flexibility for funders around when and how they commit their support.

  2. New back-end data service. In early December the Drips team migrated the “back end” for the webapp to a new custom-built event-processing data service similar to The Graph. The new service has already dramatically improved the performance of the app and we are super excited for the new features and experiences it will unlock in the future. Like everything we build, the back end is open source. Check out the repositories here and here.

As for our roadmap, you can learn more by reviewing the Drips Team’s org proposal to the Radworks DAO for 2024 which was passed on 12/1/2023 and which contains a more detailed description of the project’s progress this year and our plans for 2024.

How are we spending the received funding and what our plans are to spend potential future funding on?

The Drips team has committed to donate all funds received in Octant’s Epochs zero and one to fund Octant’s own list of critical software dependencies. These funds should start streaming in the next few weeks. Our current intention is to continue to re-donate all funds received from any future Octant rounds to the same cause of directly supporting the FOSS projects Octant depends on.

Did Drips receive any other sources of grant funding since the previous Octant Epoch?

This question may be less relevant for Drips, since as described above, 100% of any funds we receive from Octant will be directly re-donated to fund the FOSS projects Octant depends on. In other words, the Drips team itself will not receive any of the funds awarded to it in this Octant round. However, for the sake of transparency, the Drips team did receive a large grant from the Radworks DAO on 12/1/2023, which is intended to fund our team’s work continuing to build open solutions for funding FOSS in 2024. You can learn more here.

Did Drips receive sources of non-grant funding since the previous Epoch? (including user payments and donations, staking or LP providing treasury funds, VC funding, or others)

No

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Thanks for sharing the resources on what’s coming up for Drips in 2024 and diving into the details with your update!

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