Open source financing platform Gitcoin announced that it will adjust its focus and no longer focus on the financing of public goods, but instead shift to donations of Ethereum infrastructure. In addition, they also plan to set up a laboratory to make up for the DAO's shortcomings in technical decision-making.
Gitcoin Executive Director: The DAO structure is insufficiently executed and time-consuming
According to Blockworks reports, Gitcoin has maintained a relatively flat organizational structure since its launch in May 2021. In this organization, there is no hierarchy where the executive officer gives orders. Workstreams, specific tasks, or project teams related to this always receive budget approval through a community governance vote.
However, this process is very time-consuming, and with the development of the DAO, Gitcoin has transformed from an impact-focused organization to a more technology-focused organization. Kyle Weiss, executive director of Gitcoin, said in an interview that this is not consistent with the existing DAO structure and appears to be somewhat out of touch. Everyone is working in a fully remote environment, and our team members come from nearly all over the world. Therefore, stability, operations and software development become very important, and we need a core team with relevant knowledge background to support it.
Gitcoin Reorganization Plan: Building a Protocol Laboratory
In order to implement the reorganization plan, two business departments were established within Gitcoin. One department will focus on coordinating product-related work, while the other department will be responsible for managing community governance matters.
Kyle Weiss pointed out that Gitcoin has made a series of product attempts over the years, some of which were wrong choices, and some of which were valuable for future development. In the past, Gitcoin mainly focused on grants, but now their narrative focus has shifted to public funding. This shift means that Gitcoin has transformed from an impact organization to a technology organization.
Kyle Weiss explained that DAO will shift to a structure more similar to a laboratory. This model is common in protocol cooperation such as Uniswap Labs and OP Labs. They hope to give the DAO a substantial scope of work by ensuring the stability of software development. The structure of this laboratory can provide a more orderly and centralized environment to better promote the development and operation of DAO.
Do community members have enough technical background to decide the direction of development?
The structure of the "Lab" can give the software development team greater leadership and clearer decision-making rights, and the community can focus on achieving results through the grant program of governance voting.
Kyle Weiss claimed that he was not sure whether the so-called token voting governance was the appropriate decision-maker to determine the technical aspects and multi-year roadmap.
Kevin Owocki, co-founder of Gitcoin, also holds the same view: The DAO structure has not yet been proven to be sufficient to support software development. The reason for building the laboratory team is to realize this in our organizational structure to ensure that we are on the right path. Build world-class software.
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