| Author(s): | @lftherios |
|---|---|
| Type: | executable org |
| Created: | 2024-12-02 |
| Status: | active |
Purpose
The team’s mission is to enable FOSS developers to financially thrive.
In short, the Drips Org is taking on the problem of FOSS sustainability. We develop novel protocols, tools and applications enabling developers to receive funds from their users in an open-source and non-custodial manner.
Our current focus is on establishing Dependency Funding as a new norm for Web3 communities.
Objectives
- More capital flowing via Drips. (grow capital)
- More nodes and edges. (grow the graph)
- Start generating revenue. (grow revenue)
In light of these objectives, we have set the following goals for 2025:
- $15m flowing via Drips
- 75% of FOSS projects in Drips having at least one dependency
- $300k revenue
Strategy
Our strategy for 2025 remains “funder focused”, meaning that we prioritize funder needs within our execution with the goal to (a) attract more funders and capital in Drips and (b) to onboard more FOSS projects that claim those funds and choose to further split those funds with their software dependencies.
At the same time, we will start prioritizing AI / data science work that intends to grow the nodes and edges within the Drips graph, understanding that it’s one of our main differentiators. Eventually, towards the second half of the year, we want to start moving our attention towards solving a critical need for FOSS projects that receive funding from multiple crypto-network related PGF related initiatives.
More specifically:
1. Growing Capital in Drips
To increase the flow of capital within Drips, we will continue deepening relationships with the 15–20 ecosystems that consistently allocate significant resources to FOSS projects. Building on our successes from 2024, we plan to collaborate with these ecosystems on product discovery and co-development. This approach ensures alignment with their needs while maintaining a lean and adaptable framework.
2. Expanding the Drips Graph
To enhance the graph, we will integrate AI and Data Science capabilities into our team. Developing or leveraging existing data pipelines to analyze and extract insights will serve a dual purpose: enriching our understanding of the graph and offering value-added services to funders for monetization.
Additionally, we aim to address specific challenges within the graph, such as resolving “blocked” nodes and mitigating other growth barriers. Tackling these obstacles will unlock new opportunities for expansion and ensure the graph’s scalability aligns with our long-term objectives. This combined emphasis on data-driven insights and proactive graph management will be instrumental in achieving sustainable growth.
Organizational Structure
We have established a Swiss non-for-profit association, the Public Goods Association, to serve as a legal wrapper to the extent required to support the Drips mission including receiving funds. The founding members operate as a committee based on simple majority (with 3 out of 5 requirements).
The Public Goods Association is an independent legal entity with legal capacity. It is governed by Swiss law. The official language of the association is English.
Members
- lftherios (current project lead)
- json (product lead & application development)
- jtourkos (product, SDK & application development)
- brandonhaslegs (design)
- Project Jasmine (operations)
Contractors
- IgorZuk (smart contract development)
- Becca Creamer (events & marketing)
- Morgan Brown (front-end engineering)
- Simon James (video production)
- LukeF (partnerships)
Communication
- https://www.drips.network/
- Discord
- twitter.com/dripsnetwork
- Drips · GitHub 1
- Quarterly Radworks community calls
Timeline & Budget
The total budget requested for 2025 is $1,833,676, of which we would like to receive 75% of it in USDC (or $1.375m) and 25% in RAD (or $0.46m). The RAD conversion rate will be calculated based on the 30 day average prior to the submission of the on-chain proposal.
Specifically:
| Description | Budget |
|---|---|
| Contributors | $1,602,415 |
| Events & Marketing | $56,288 |
| Accounting | $11,258 |
| Legal | $119,000 |
| Operations | $44,715 |
| Total | $1,833,676 |
Management of Funds
We plan to continue to use a multi-sig (Safe with a 3/5 signatures requirement) with founding members as signers. For the time being, we intend to refrain from using traditional bank accounts. Crypto to FIAT conversions will take place through Skyline Digital.