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Agenda today

Kudos
Eth Denver
2025 Funding + Goals
GG 23 Update
Q1 Rocks

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What is the current Allo GMV?

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Follow and turn on notifications!

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Kudos to Jess for being on it with SP, for managing all the various moving parts like a pro and continuing to push the event forward - it's going to be a good un!

-Harry

Kudos to everyone working on retro product. So exciting to see this come to life and it’s looking great.

-Mathilda

KUDOS!

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ETHDENVER UPDATE

We have secured many great sponsors for Schelling Point! Stellar, Uniswap, Butter, Polygon, Filecoin, the list goes on! Metamask/Consensys will also have a small presence! Ecosystem growth!
Everyone should have their travel booked as well as their physical Rain card, unless they opted out. Will allocate per diem leading up to event.
TLDR of events (that I know of):

Arrivals: 2/23-2/25
Team Taco Tuesday: 2/25
Allo Summoning Event: 2/26
Schelling Point: 2/27
GG HH: 2/27 evening
Allo Chill & Shill: 3/1

I will send out the updated Comms Hub to those attending including addresses, links, etc. - we will be needing all hands on deck for Schelling Point so will be pinging everyone to see where we best fit!

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Org 2025 Funding

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How have things shifted?

Decline in token prices has decreased our runway

Dec 2024: GTC @ ~$1.10, treasury @ $20M
Feb 2025: GTC @ $0.42, treasury @ ~$9.8M�

We’ve decreased costs as much as we comfortably can

Budgets for DAO (12 mo) and GL (6 mo) have been funded and are NOT included above

Additional ~$7M in other wallets (CSDO, Attestations, OP, Avax, Treasury Div) to diversify.

This is when good businesses are made OR broken!

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GL 2025 Funding + Goals

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Grants Lab Goals

By the end of 2025, distribute $25M of grants, generating at least 5x returns ($125M) in measurable ecosystem growth for our partners.

Generate $2M in revenue to extend our runway + ground for future growth.

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Current Treasury spend plans

Starting: $9.8M

GL Funding H2: -$1.5M
Allo Funding 2025: -$2M
EOY = $6.3M Remaining

We’ve had years of runway in the past, which is atypical for a startup of our stage and size. Having 12-18 mos is actually the norm.

Act with urgency and keep momentum high!

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How we respond

REVENUE. $1M target in H1 2025, $2M 2025 total

This is make-or-break for us.
Revenue > GMV
Increase focus on large deals + large customers

Token utility for GTC

Launch grant curation experiments in GG23
Big opportunity to improve treasury value, though starting from early stages

Improved practices for managing non-stablecoin revenue

Explore charging in stables for smaller customers

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Pipeline & Revenue Updates

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January Revenue Performance

Signed deal with Polygon: 300K POL (~$90,000 USD) in revenue

Value at booking: $141,000

Collected fees for FIL R2: 9,000 FIL (~$30,420 USD) in revenue

Total revenue: $120,420 = 12% to H1 goal!

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Q1 Pipeline

Lots of smaller deals in the pipeline

a: $10,000 (ongoing)
b: $20,000 (kicks off 2/20)
c: $20,000 (late Feb/March)
d: $20,000 (late Feb/March)

Big bet: 3M $Z deal @ 10% fee with Y for direct grants + custom claiming flow

Total pipeline revenue: $397,000 USD

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Looking forward

It’s clear that big customers = big revenue impacts

Land + expand approach is working, let’s lean in!
Delight our big customers at every opportunity across product, marketing, and services

Starting Q1 strong is a result of working these deals throughout Q4 – we are already working our potential Q2 deals

a (up to $10M GMV)
b ($Ms GMV + 5-10% fee)
c contest ($1-3M GMV + 5% fee)
d ($1-2M GMV, 3% fee)
e (RF + futarchy, $Ms + 10% fee)
f (custom build + pricing TBD)

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Product Opportunities in Pipeline

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GG23:

April 2 - 23

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QF Round

Retro Round

3 OSS rounds

Web3 Infra
dApps & Apps
Developer Tooling

$600k* in matching
Open to anyone (except those participating in RF)

Top 30 OSS projects

Taken from GG18 - GG22

Floor minimum amount all projects will receive RE: funding.

Makes the retro round valuable for builders to participate.

$600k*
Curated round, w/ direct outreach from our team
3 Tiers of badgeholders

‘Experts’
GTC Holders
Donors

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Community Rounds

Using Grant Ships as the new governance mechanism

Gamification
Onchain success metrics

Increased funding
Rounds can run on any platform/mechanism they choose
Dates will align with OSS Program
Accepted rounds will 'compete' for best GG23 outcome, unlocking prizes & perks for GG24
Applications open

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Q1 Rocks Update

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Gitcoin 2025 Rocks - Q1

Launch multi-mechanism Gitcoin Grants 🟢

Demonstrate the impact of new funding mechanisms vs QF by publishing a thorough data-backed analysis of the potential ecosystem impact and how we will measure it.

GG23 will run on 3+ mechanisms, including experiments from the community. In-depth case study planned.

Launch the Builder Onboarding 🟢 & Incentive Program 🔴

Enroll at least 50 builders who apply for both GG + partner rounds within their first 90 days.

Onboarding program planned for GG23, incentive program pushed to after GG23.

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