wip: operation of gitcoin

dao/gitcoinDAO/Operation.md

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+Gitcoin DAO is a decentralized autonomous organization (DAO) dedicated to funding and supporting open-source software and public goods, especially in the blockchain and Web3 ecosystem. Initially established as a platform for supporting open-source developers, Gitcoin evolved into a community-driven DAO with multiple mechanisms to ensure sustainable funding for valuable projects. Below is an in-depth look at how Gitcoin DAO operates.
+
+### 1. Gitcoin Grants
+   **Gitcoin Grants** is the core funding program of Gitcoin DAO, focusing on the sustainable development of open-source projects. It leverages an innovative **Quadratic Funding** mechanism, which allows small contributions from many individuals to have a significant impact on funding allocation. Here’s how it works:
+
+   - **Quadratic Funding Mechanism**: This mechanism amplifies the effect of contributions from a larger number of smaller donors, ensuring that widely-supported projects receive more funding than those backed by only a few large donors.
+   - **Grant Rounds**: Gitcoin Grants typically runs several funding rounds each year, often themed (e.g., public goods, Web3 tooling, educational projects). Funding pools for each round come from Gitcoin DAO’s community donations and partnerships.
+   - **Governance Involvement**: Each grant application undergoes review and discussion in the Gitcoin DAO community before final approval, with voting determining priority funding areas.
+
+   **Reference Links**:
+   - [Gitcoin Grants Overview](https://gitcoin.co/grants/)
+   - [Quadratic Funding Explanation](https://wtfisqf.com/?grant=&donation=10)
+
+### 2. Public Goods Funding
+   **Public Goods Funding** supports projects crucial to the Web3 ecosystem but lacking direct monetization methods. This funding is often directed toward:
+
+   - **Infrastructure**: Such as blockchain infrastructure, libraries, and APIs that ensure network robustness.
+   - **Developer Tools**: Tools that improve developer experience, such as debugging and testing frameworks.
+   - **Educational Resources**: Resources like courses, documentation, and tutorials to increase Web3 knowledge.
+
+   Gitcoin DAO funds these projects through both **Quadratic Funding** and the **Gitcoin Matching Pool**, where the community and partners can also contribute to a **Public Goods Matching Pool**.
+
+   **Reference Links**:
+   - [Public Goods Funding](https://gitcoin.co/publicgoods)
+
+### 3. Gitcoin Bounties
+   **Gitcoin Bounties** is a bounty system for developers to contribute to various projects. This incentivizes contributions to open-source projects by offering rewards:
+
+   - **Posting Tasks**: Project teams post specific tasks on Gitcoin with attached bounties, which might include new features, bug fixes, or documentation improvements.
+   - **Claiming & Submitting**: Developers claim tasks, complete them, and submit results for review.
+   - **Receiving Payment**: Once the work is approved, Gitcoin smart contracts release the bounty reward to the developer, ensuring transparency.
+   - **Community-Driven**: Gitcoin Bounties allows developers to gain experience and income in the Web3 field through transparent task completion.
+
+   **Reference Links**:
+   - [Gitcoin Bounties Overview](https://gitcoin.co/explorer)
+
+### 4. Kudos & Tips
+   Gitcoin’s **Kudos & Tips** feature lets community members show appreciation for contributions with small gestures:
+
+   - **Kudos**: Virtual badges or NFTs that recognize contributions. Kudos are often limited editions and can be displayed on user profiles.
+   - **Tips**: Tips allow users to send small amounts of funds to others as appreciation, commonly used for minor contributions like bug fixes or documentation improvements.
+   - **Social NFTs**: Kudos enhance Web3 social interaction, allowing users to convey social value and recognition through NFTs.
+
+   **Reference Links**:
+   - [Kudos & Tips Overview](https://gitcoin.co/kudos)
+
+### 5. Kernel Fellowship Program
+   Gitcoin’s **Kernel Fellowship Program** is an 8-week learning and collaboration program that gathers enthusiasts from the Web3 space for knowledge sharing and project building:
+
+   - **Curriculum**: Kernel offers a curriculum crafted by Web3 experts covering crypto-economics, protocol design, and entrepreneurship in Web3.
+   - **Mentorship Network**: The program brings together mentors from Web3 fields who provide technical guidance and strategic advice.
+   - **Project Incubation**: Participants build projects during the program, creating prototypes with mentor support that positively impact the Web3 community.
+   - **Final Showcase**: Graduates showcase their projects, potentially receiving support from Gitcoin Grants or partnerships for further development.
+
+   **Reference Links**:
+   - [Kernel Fellowship Program](https://kernel.community/)
+
+### 6. Hackathons
+   Gitcoin organizes regular **Hackathons** to foster collaboration, innovation, and showcase developer talent. Hackathons often have the following features:
+
+   - **Diverse Themes**: Gitcoin hackathons cover DeFi, NFTs, DAOs, and other Web3 topics, attracting developers from varied backgrounds.
+   - **Incentives and Prizes**: Each hackathon has prize pools funded by Gitcoin’s partners, offering substantial rewards for participants.
+   - **Collaborative Ecosystem**: Gitcoin collaborates with multiple Web3 projects, like Ethereum Foundation, Polygon, and Optimism, providing technical guidance and support to participants.
+   - **Showcasing and Funding Opportunities**: Developers can showcase their work, gaining community support and funding for project growth.
+
+   **Reference Links**:
+   - [Gitcoin Hackathons](https://gitcoin.co/hackathons)
+
+Gitcoin DAO’s operational model exemplifies decentralized governance and community-driven principles, supporting and encouraging innovation in the Web3 ecosystem through a variety of funding mechanisms and community activities.