Optimism is streaming RF4 grants with Superfluid!
Back in February 2024 Optimism improved grants distribution by streaming 30M OP tokens via Superfluid to over 500 projects as part of their RPGF3 round. Earlier this month Optimism started streaming an additional 10M OP for the RF4 round of their retroactive funding program to over 200 recipients.
So far 106 streams have been scheduled and a total of 3,533,547 OP is currently allocated.
Retroactive Public Goods Funding (RPGF) grants reward builders and creators that develop infrastructure, tooling, and content that empowers the Optimism ecosystem and network. The web3 community has highlighted how the RPGF program is one of the most successful, impactful and emulated grants distribution programs in the industry.
The recipients of this novel round of grants are some of the leading projects in the web3 industry that have had a meaningful impact as “Onchain Builders”. For the first time Optimism has leveraged objective on-chain metrics to evaluate which projects contributed the most to the network goals and community.
Get Superfluid’s stories in your inbox
Join Medium for free to get updates from this writer.
We are delighted to see the Optimism team build on the success of the RPGF3 streaming distribution with this novel round and confirming their trust in and the utility of the Superfluid Protocol.
Thanks to the unique composability of Superfluid Protocol, grants recipients can forward their incoming funding stream to their project team members. Superfluid streams can be split and forwarded on custom amounts to an unlimited number of follow-on recipients. If you are among the recipients and want to forward and split your incoming grant stream, here is a step by step guide to do so.
Most of the grants recipients decide to delegate or hold their OP tokens, however some decide to sell them to cover the project expenses. In this latter case, incoming streams can be simply redirected (partially or in full) to a streaming exchange called SuperBoring that automatically sells OP for USDC or ETH. This way you’ll be able to exchange at the mathematically average price of the selected pair, while mitigating the price impact on OP.
It has been a pleasure working hands on with the Optimism team in enabling this new distribution. We are excited to continue contributing to the Optimism Collective and look forward to offering continued support to the core team.
