{"title": "ReFiDAO X Commons Stack: ReFi Commons Prize", "logoImg": "bafybeiagpsv26wwewu6ucsy6kvgj3p3owb2chifzhzhzixx6gzf2te2m7e", "website": "https://refidao.com/", "bannerImg": "bafybeih2jb2nvp5ycpaaqzgts73f5xhv2egrfnl7ctb2jcxi4eyzznqldq", "createdAt": 1673611252801, "userGithub": "climateXcrypto", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..303BWdxTMl-_zIOv-BTr9ktGznKVMk3LZ5-wBgzodfO_pbjIJUQVMg6L85EYlE6uvtiPU-G3IwU72kQNUel4AA", "type": "Ed25519Signature2018", "created": "2023-01-13T12:00:13.495Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-01-13T12:00:13.495Z", "expirationDate": "2023-04-13T12:00:13.495Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xD2b4E046B3AE52078275f44Ef81BC19b4ED2872F", "hash": "v0.0.0:/oOAUIJ08paMSKrrt+v93F4VKj6OTKhH2YK+iK95l9Q=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#ReFiDAOist"}}}, "description": "We are raising $100k to accelerate the growth of the ReFi movement by hatching three local startup commons. \n\nThis is a new joint venture between ReFiDAO and Commons Stack that will pilot a new concept called a “ReFi Commons” across three local startup communities in 2023.\n\nBACKGROUND\n\nReFiDAO is a founder-led startup community that accelerates impact for people and the planet.\n\nOver the last 12 months we’ve laid the foundation for the cultural home of regeneration in web3 by supporting over 300 founders at various stages of their journey. \n\nWe are now raising money to launch a ReFi Commons Incubator with Commons Stack. The idea of a ReFi Commons is new, and we are super excited to share it with you! \n\nBut first, an update.\n\nGR15 UPDATE\n\nAs a result of the $69,040 we received from the Gitcoin community in GR15, over the last three months we were able to achieve many key milestones:\n\n- Support 152 founders in FC02\n- Onboard over 70 community managers into the CM Guild\n- Onboard over 20 regen investors \n- Reach 1700 newsletter subscribers\n- Co-launch the $1M grant pool with Future Quest, Celo, Polygon, and others\n\nREFI PASSPORT & KNOWLEDGE GRAPH\n\nAfter consulting with the Gitcoin Passport team, we decided to delay ReFi Passport due to the rate of change for the Gitcoin Passport codebase in Q4 2022. \n\nWe’ve been iterating a prototype of the knowledge graph around MRV (‘Measurement, Reporting & Verification’) with an alpha version in the works. \n\nWe’ve expanded our directory to include people, content, deals and events—all of this aimed at helping onboard more talent and capital into the work of regeneration.\n\nTHEORY OF CHANGE\n\nWe believe that in order to realize a global regenerative economy, we need to fulfill three objectives:\n\n1. A global startup movement rooted in diverse local communities\n2. Hundreds of radical startup experiments drive exponential impact\n3. Global coordination between private, public and civil society organizations\n\nREFI COMMONS INCUBATOR\n\nTo test this evolved theory of change, we are raising money to launch a 6-month ReFi Commons Incubator with Commons Stack to accelerate the growth of local startup communities that fulfill three objectives:\n\n1. Onboard new talent and capital into ReFi\n2. Create radical startup experiments for exponential impact\n3. Build public, private and civil society partnerships\n\nThe goal is to pilot the incubator with an initial cohort of three communities and to build a regular program that incubates ReFi Commons all over the world.\n\nWHAT IS A REFI COMMONS?\n\nA ReFi Commons is a founder-led impact DAO that exists to regenerate the earth through radical startup experimentation and innovation. \n\nA ReFi Commons could be created as a startup community in a specific city (Lisbon, Bangalore) or a startup ecosystem focused on a shared problem space (such as plastic pollution or biodiversity).  \n\nThe models and methods of regeneration are unique to each community, but there are a few key criteria:\n\n1. Mission, vision, and values statements establish the commons\n2. All funds must be held in a public treasury \n3. Community curates governance parameters and procedures\n4. Impact activities must be publicly verifiable\n5. Funded startup ventures must be open source\n6. Impact and finances are reported quarterly\n7. Three or more founding members make a 7-year commitment to realize their mission and vision of regeneration while upholding the commons’ values\n\nThe idea for a ReFi Commons takes inspiration from Eleanor Ostrom’s 8 Principles, Charles Eisenstein’s Sacred Economics and Brad Feld’s Startup Community Way. \n\nIt is rooted in the belief that governments and corporations cannot solve climate change alone. \n\nWe need a social movement that creates new economic models and provides an alternative to our extractive system.\n\nWHAT DOES A REFI COMMONS DO?\n\nWhile we recognize that regeneration looks differently according to the context, we believe there are a number of key behaviors that contribute to the three core objectives of a ReFi Commons. \n\nThe key behaviors are:\n\n1. Hold regular meetings and events\n2. Create shared work spaces\n3. Collaborate with other startup communities\n4. Build in public\n5. Support entrepreneurs and innovators\n\nTHE REFI COMMONS PRIZE \n\nThe ReFi Commons Prize will be the genesis cohort of the ReFi Commons Incubator focused entirely on starting ReFi Commons in strategic local communities. \n\nIt’s an opportunity for regens all around the world to submit proposals to become a ReFi Commons with the full support of ReFiDAO and Commons Stack with a strong core contributor team:\n\n- Griff Green\n- Tamara \n- Liviade\n- Usama\n- Daryl Edwards\n- John Ellison\n\nThe genesis cohort will award prizes to three local ReFi Commons to implement an adapted Commons Stack framework in a strategic physical community over six months culminating in the launch of a governance token via an augmented bonding curve or other market mechanism. \n\nThe first three Commons will be selected by a community-led governance process with details to follow.\n\nThe expectation is for each ReFi Commons to participate in the global ReFiDAO community and to provide a critical onramp of talent and capital to accelerate impact for people and the planet.\n\nFINANCIALS\n\nWe are looking to raise $100k to cover operating expenditure for the ReFi Commons Prize for three months. This is half of the program, but there are some fixed up-front costs that reduces the overal expenditure. We need at least $75k to launch the program.\n\nAll funds raised will go towards the ReFi Commons Prize.\n\nBEAR MARKET GRATITUDE\n \nWe have been so grateful to everyone in the Gitcoin community for their incredible support over the last 12 months. \n\nWe will continue to steward the funds received with maximum capital efficiency, respecting the conditions of the market and the long-term horizon of the challenges at hand.\n\nWe are not building this startup movement for this cycle, or for next, but to see a global regenerative economy—and beyond.\n\nREGENERATION FOR ALL \n\nGiven that the vast majority of climate projects are rooted in the global south, we commit to a balanced representation of founders and communities supported through the ReFi Commons Incubator.\n\nThe vision of regeneration requires radical inclusion—especially for traditionally marginalized groups. We appreciate the Gitcoin community supporting us in this effort and are super excited to bring it to life!", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "ReFiDAOist"}