Gitcoin Sunsets Grants Stack, Returns to Core Mission
Gitcoin Sunsets Grants Stack, Returns to Core Mission
🔄 Plot Twist at Gitcoin
Key Updates:
- Grants Stack shutting down May 27, 2025
- All data will be preserved and accessible via Open Source Observer
- Previously staked GTC can still be unstaked after shutdown
Strategic Shift:
- Gitcoin returning to original Grants Program focus
- GG24 relaunch planned for later 2025
- Emphasis on community-led initiatives
Reasons for Change:
- Operating costs exceeded revenue
- Decision aims to protect treasury
- Focus shifts to sustainable core operations
What's Next:
- More experimental, community-driven approach
- Enhanced focus on Ethereum ecosystem
- Data access guides coming soon
Visit Gitcoin Blog for details.
📣 Important info: moving off Grants Stack — everything you need to know Gitcoin is sunsetting Grants Stack by May 27, 2025. Here’s what that means for you ↓
Gitcoin GG23 Distributes $1.2M Through Multi-Mechanism Funding
Gitcoin's GG23 funding round introduced significant innovations in public goods funding: - $1.2M total distribution across all rounds - 9,991 unique donors contributed $95K - 235 early-stage OSS projects supported Key mechanisms: - Combined Quadratic Funding with Retroactive Funding - Launched Grant Ships for community governance - Piloted GTC token staking for round signaling The initiative represents a shift toward ecosystem-led funding, moving away from Gitcoin-led coordination. The platform is evolving into Gitcoin 3.0, focusing on improved fund distribution intelligence and community ownership. [Read full recap](https://www.gitcoin.co/blog/gg23-results-recap)
Builder Spotlight: Live Discussion on Ethereum's Future
A live discussion on X (formerly Twitter) this Friday will bring together key builders in the Ethereum ecosystem to discuss the state of Web3. Featured guests include: - Kyle Jensen (DAO Ops, Gitcoin) - Tobias Schrader (Product & Comms, growthepie) - Murthy (CEO, karma) - Patao (Head of Incubation, Stake Capital/Rekt News) Topics will cover what's working, what needs improvement, and future directions in the Web3 space. [Join the conversation on X](https://x.com/i/spaces/1OyKALrLmlMxb)
GrantShips GG23 Voting Begins - A New Era for Gitcoin Grants
Gitcoin launches GrantShips GG23, an experimental framework transforming traditional community rounds into competitive Ships. Key features: - 6 selected community-led grant programs compete for $130K in matching funds - Performance evaluated on alignment, execution, and impact - Top 3 performers gain automatic eligibility for next round **Voting Details:** - Opens May 22 - Eligible: Holders of 100+ $GTC on mainnet - Vote at [gg23.grantships.com](http://gg23.grantships.com) The initiative implements an Evolutionary Cycle: compete, evaluate, learn, and improve - designed to enhance grant-giving effectiveness through community-driven iteration.
GG23 Staking Rewards Now Available for Claiming
**Important Update for GG23 Stakers** - GTC rewards are now ready for claiming at [claim.gitcoin.co](http://claim.gitcoin.co) - Unstaking feature is now live and accessible - Rewards will be distributed directly to eligible wallets **Timeline Overview:** - Results finalization completed - Unstaking opened May 16th - Rewards distribution started May 19th - Claims available until May 31st **How to Claim:** 1. Visit [claim.gitcoin.co](http://claim.gitcoin.co) 2. Connect your wallet 3. View and claim your GTC *Remember to claim your rewards before the May 31st deadline.*