[{"name":"json","type":"string","signature":"string json","value":{"name":"json","type":"string","value":"{\"text\":\"gm gm fam - it's quarterly update time!! 🥳 \\n\\n- **Total Funds Received from Octant so far**: [258.15 ETH](https://dune.com/queries/4001325) (+32 ETH since last epoch)\\n- **Funds Spent**: [106.68 ETH vested (41%)](https://dune.com/queries/4001325)\\n- **Detailed Utilization**: All donations to Protocol Guild are [vested](https://app.splits.org/accounts/0x25941dc771bb64514fc8abbce970307fb9d477e9/) directly to [Ethereum's core protocol contributors](https://protocol-guild.readthedocs.io/en/latest/02-membership.html) over 4 years\\n\\n### **Milestones and Deliverables**\\n\\n- **Milestone**: Make working on Ethereum's core protocol [economically rational](https://tim.mirror.xyz/srVdVopOFhD_ZoRDR50x8n5wmW3aRJIrNEAkpyQ4_ng) on a risk-adjusted basis\\n    - **Immediate Outcome**:  Provide financial incentives - in the form of ecosystem tokens vested over 4 years - to Ethereum's core protocol contributors, to incentive them to stick around for the long term\\n    - **Metrics**: \\n        - **Total Protocol Guild Members**: [187](https://dune.com/queries/3845181/6467358) (+10 since last epoch)\\n        - **Median Vested / Member Last 12 Months**: [$46,143](https://dune.com/queries/3845181/6467354)\\n        - **Median Vested / Member Next 12 Months**: [$73,599](https://dune.com/queries/3845181/6467356)\\n    - **Self-Assessment**: Today the financial incentives associated with Protocol Guild membership are still not sufficient to (1) replace a full-time salary, or (2) counter large job offers these contributors get elsewhere in the ecosystem\\n    - **Karma GAP**: https://gap.karmahq.xyz/project/protocol-guild-1\\n\\n### **Challenges**\\n\\n- **Description**: Our biggest challenge remains establishing the [Protocol Guild Pledge](https://tim.mirror.xyz/srVdVopOFhD_ZoRDR50x8n5wmW3aRJIrNEAkpyQ4_ng) as a social norm\\n- **Updates**: Since the last epoch, 1 new project has taken the pledge: [Puffer](https://www.puffer.fi/)\\n- **Resolution**: We will continue proactive fundraising initiatives to get more projects to take the pledge\\n- **Lessons Learned**: Establishing a social norm is hard! Lots of time is needed. We are up for the challenge 🫡\\n\\n### **Outputs and Outcomes**\\n\\n**Outputs (Last Epoch)**:\\n\\n- Cheeky [presented](https://x.com/NathanSexer/status/1842453771487723721) PG at ETHKL\\n- The Grandine consensus client became [eligible](https://x.com/grandineio/status/1842177097189769244) for Protocol Guild membership\\n- Puffer [pledged](https://x.com/puffer_finance/status/1844234772274729416) 1% of their token supply\\n- Trent Van Epps [published](https://trent.mirror.xyz/Lehny46ZMdxMEow0XE_RgowV2ntkp30chJRWPCEYbGQ) a new piece on PG\\n- We added a \\\"[Funding Diversity Score](https://x.com/ProtocolGuild/status/1846550540194373697)\\\" to our Dune dashboard to create further transparency into our fundraising\\n- We [onboarded](https://x.com/ProtocolGuild/status/1847300799501619360) a new PG ops contributor, who also participated in an [Octant Spaces](https://x.com/OctantApp/status/1847287209302618170) with Trent\\n- Cheeky held a [PG fireside chat](https://x.com/gitcoin/status/1847676919854100799) at the Funding the Commons residency in Chiang Mai\\n- PG was the second-largest recipient in [Optimism RPGF 5](https://x.com/Optimism/status/1848724879836856351)\\n- Octant [allocated](https://x.com/OctantApp/status/1850603298161836291) 32 ETH to PG in Epoch 5 👑\\n- [NFT mint](https://x.com/collectrs/status/1852145268377948333) commemorating Ethereum's core devs, with 25% going to PG\\n- Defiant published an [article](https://thedefiant.io/protocol-guild-has-distributed-usd20m-to-support-ethereum-development) about PG\\n- PG had a [booth](https://x.com/ProtocolGuild/status/1856907308258980346) at Devon\\n- Trent [presented](https://www.youtube.com/watch?v=4Hc664qQkV0&t=1s) PG at Devcon\\n\\n**Short-term Outcomes**: Raise awareness about Protocol Guild, to encourage more projects to donate / take the Protocol Guild Pledge\\n\\n**Long-term Outcomes**: Establish the Protocol Guild Pledge as a social norm\\n\\n**Metrics for Outcomes:** To avoid redundancy, please see relevant metrics shared in the \\\"Milestones and Deliverables\\\" section as well as \\\"Other Funding\\\" section\\n\\n### **Plans for Potential Funds Raised in the Next Octant Allocation Window**\\n\\n- **Goal 1**:\\n    - **Description**: Continue to boost the financial incentives associated with working on Ethereum's core protocol\\n    - **Expected Outcome**: Onboard and retain Ethereum's core protocol contributors over the long term\\n    - **Funding Needed**: Given the ambitious scope of our mission - to rebalance financial incentives towards Ethereum’s core protocol work - Protocol Guild requires continuous funding to achieve its goals. Ultimately, the long-term success of the Protocol Guild is thus contingent on it being embraced by Ethereum’s ecosystem and community.\\n\\n### **Other Funding**\\n\\nSince the last epoch, we have [received](https://dune.com/queries/4001428) 245 donations from 194 unique donors, totaling $865,938 at the time of donation (worth $1,302,790 today). The vast majority of that came from Scroll, who donated to Protocol Guild as part of their TGE.\\n\\nAll Protocol Guild's funding can be found in our Dune dashboard: https://dune.com/protocolguild/protocol-guild#donations\\n\\n### **Future Plans for Financial Sustainability**\\n\\nIn the next quarter our focus will remain proactive fundraising, but we will also focus on improving our [branding](https://x.com/trent_vanepps/status/1859310850273837378).\\n\\nThat's it for now! Wishing everyone a fantastic (and bullish) end to the year ⛷️\",\"title\":\"Epoch 6 update\",\"proofOfWork\":\"https://dune.com/protocolguild/protocol-guild\",\"type\":\"grant-update\"}"}}]