Karma GAP - Grantee Accountability and reputation protocol

Project Name

Karma GAP (Grantee Accountability Protoco)

Summary

Karma GAP (Grantee Accountability Protocol) is an onchain protocol and application for
grantee progress monitoring, reputation building and impact measurement. Grantees use our
protocol/application to keep their communities updated on their progress and build reputation (and attract more funding). Communities can stay upto date on grantee progress, review the grants and provide feedback and measure outcome and impact of the grants through decentralized reviews.

I believe our project can be qualified as Public Good because all our code is open source, data is onchain (except reviews that we are iterating and then will write to chain) and we don’t charge grantees
or communities.

Problem

Grant programs in the crypto ecosystem lack a standardized method for grantees to publish progress updates and milestones, leading to several issues:

Limited Accessibility: Currently, it is challenging for grant teams and the community to easily access and track project progress and milestones, as information is scattered across forums and external links.

Reputation Portability: Grantees who apply for grants from multiple organizations struggle to establish and carry their reputation consistently across the ecosystem. This is particularly difficult for individuals who are new to the ecosystem and need opportunities to showcase their work and build their reputation.

Inadequate Data Structure: The absence of structured data that can be accessed in a permissionless manner hampers the development of applications and analytical tools for evaluating grant impact and builder reputation.

Solution

To address the aforementioned problems, we built Grantee Accountability Protocol where grant teams can post information about the grant and grantees can post milestones and progress updates onchain. This solves a number of problems explained below

Onchain Reporting: Grantees will utilize the protocol to self-report their progress and milestones directly on the blockchain through EAS (Ethereum Attestation Service). Leveraging the existing support for EAS schemas, we will define schemas tailored to various reporting needs.

Universal data access: By storing all grant-related data onchain, we eliminate the need for manual searching and external links. We will build an interface for grantees and grant teams to interact with the protocol. Communities are not obligated to use this interface but are welcome to build their own interface to present this information in interesting ways.

Enhanced Reputation Building: Our protocol will enable the linking of team member profiles to specific projects. This feature empowers team members to build and showcase their reputation for their contributions. Additionally, this reputation can be carried over to other DAOs, opening opportunities for involvement in various areas of DAO governance or similar initiatives.

Grant Farming: It is well known in the ecosystem that there are teams who simply try to get grants and either don’t fully execute or do it with no goal of making the project a success. Having better visibility can help community and grant admins evaluate teams before issuing grants.

Facilitating Novel Applications: With comprehensive on-chain data available, the protocol encourages the development of innovative applications. Few applications we can think of that can be built on top of this protocol are:

  • Grantee reputation systems
  • Project impact analysis tools
  • Signaling for future grants
  • Auto monitor milestones and progress updates and alert the community
  • Endorsing teams and team members working on projects

Current Progress

We launched the protocol about 4 months ago. Since then we have accomplished the
following:

  1. We have onboarded Optimism, Arbitrum, Gitcoin, Public Nouns and Pokt on to the
    protocol.
  2. We made the protocol multichain. It is currently deployed on Optimism and
    Arbitrum networks. It can easily be deployed to any EVM chain.
  3. We have about 650 grants being tracked across various communities.
  4. We implemented decentralized reviews for grants. Community admin can choose the questions to ask and community can review the grant by answering those questions.

Project Roadmap

All our milestones we want to achieve are listed in our roadmap. They are:

  1. RetroPGF feature
  2. Grant programs onchain with reviews
  3. Auto load grants from various ecosystems
  4. Gamification/Points for incentivization to drive more grantees to post updates.
  5. Features to promote high quality projects

We are especially excited to build Grant Programs onchain with zkreviews. This will enable Octant to receive anonymous reviews from just addresses/users involved in Octant ecosystem. Our hope is the program will receive honest reviews which will help the program improve.

Current funding

For GAP, to date we have received a grant from Optimism (50K still locked) and Arbitrum (45K ARB).

Request

We would like to raise 10 ETH. The entire amount will be used towards development work for building everything listed in the roadmap.

Team

Karma has been building reputation tools in DAO space for about two years. Our team
members are:

  1. Mahesh Murthy - Founder: By background, he is a software engineer. He has
    experience building highly scalable systems for over a decade. His expertise is in turning ideas
    into user centric products. Prior to Karma, he was CTO/Cofounder and successfully built a
    startup with successful exit. https://twitter.com/mvmurthy
  2. Arthur Ulhoa: He is a backend engineer with number of years of experience building blockchain applications https://www.linkedin.com/in/arthurulhoa/
  3. Fabian Ferno: Full stack developer with vast experience building blockchain applications. He has built an NFT analytics company in the past. He regularly participates in hackathons and has won a number of awards. https://www.linkedin.com/in/fabianferno/
  4. Paula Kennedy: Designer at Karma who is responsible for our incredibly looking website.
    Paula Kennedy - Graphite | LinkedIn
  5. Amaury Maghales: Frontend developer at Karma, expert in React and NextJS. https:/www.linkedin.com/in/Oxamaury/

Contact

You can reach out to me on Discord at mmurthy with any questions.

Links

Website: https://gap.karmahq.xyz
Twitter: https://twitter.com/karmahq_
Github: show-karma · GitHub
Discord: Karma

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