Golem Foundation

We stake 100k+ $ETH and share rewards with the $GLM community through the @OctantApp.

[Golem Foundation @GolemFoundation]

Octant's Epoch 12 introduces several new mechanics: Proper QF, ZK proofs, direct ETH contributions.

A few practical notes before you allocate:

1. Voting is onchain in @OctantApp v2. You’ll need a small amount of native ETH for gas. Holding ~0.01 ETH should give comfortable headroom in normal gas conditions.
2. Submitting your vote commits your contribution onchain. After that, the amount is locked until the round ends.
3. Ballot updates are gasless. You can still change how your voting power is split across projects as many times as you want while the round is live.
4. For the first time, participation isn't limited to $GLM lockers. Non-lockers can also contribute ETH from their wallet. Minimum: 0.0242 ETH (plus gas). Half is converted to GLM and burned; the other half is allocated to your project selection and earns matching. The burn serves as a sybil disincentive and ties contributions to GLM, the source of the matching pool.
5. Epoch 12 uses Proper Quadratic Funding. The 200 ETH matching pool is a maximum, not a guaranteed payout. How much is used depends on the number and breadth of contributors.
6. Matching shown while voting is an estimate. Final matching can end higher or lower. A project with no other supporters receives no matching.
7. Initial release is desktop only.
8. Allocation window closes June 30 at 11:30 PM ET.

Vote: https://t.co/cGrHDKJpZw

[Octant @OctantApp]

and we're live! Go to https://t.co/36WFzJsTKx to allocate

[Golem Foundation @GolemFoundation]

The @ethereumfndn flagged Proper QF as part of @OctantApp's contribution to the ecosystem.

A note on what makes it "proper":
Common QF implementations in web3 can unintentionally over-reward concentrated giving from a few large donors. Proper QF (pQF) returns to Buterin, Hitzig, and Weyl's original design - capital-constrained QF with a scaling factor that preserves the signal that matters: broad community support.

Epoch 12 is the first onchain pQF round, live now until June 30. Non-GLM-lockers can contribute ETH directly to projects, with matching from yield on our 100K ETH solo-staking position.

https://t.co/cGrHDKJpZw

[Ethereum @ethereum]

Ethereum is for shipping.

Here are 25 things the Ethereum ecosystem launched, upgraded, and announced over the past month.

0/ @thedaofund Ethereum Security Quadratic Funding Round with @Giveth wrapped. The fund supported 134 security projects and had 3,934 unique donors.

1/ @Ronin_Network, one of the largest gaming blockchains, completed its migration to an Ethereum L2.

2/ Clear Signing went live. It is an open standard designed to help end blind signing and make transaction data human-readable before signing. Contributors include wallets and hardware, infrastructure, tooling, individual builders, and the Ethereum Foundation’s Trillion Dollar Security initiative, with the @ethereumfndn acting as a neutral steward.

3/ @SEAL_911 and @Wonderland_Fi introduced DARC, a Digital Asset Risk & Compliance standard for crypto teams, with continuous monitoring across GitHub, infrastructure, multisigs, DNS, and more.

4/ @arbitrum announced that LG Electronics' blockchain team is piloting an onchain advertising network on Arbitrum.

5/ @base activated Azul, its first standalone network upgrade, introducing multiproofs, new execution and consensus clients, CLZ opcode support, Osaka repricings, and performance upgrades up to 5,000 TPS.

6/ @Mastercard expanded stablecoin settlement support to include USDC, PYUSD, USDG, USDP, and SoFiUSD on Ethereum mainnet, @arbitrum, and @base.

7/ @EFDevcon 8 Mumbai early bird tickets went live. Tickets were available paid in ETH.

8/ Türkiye's Directorate of Communications (@Communications) registered cbiletisim.eth, making its first step in establishing an official onchain identity with @ensdomains.

9/ @CashApp launched stablecoin support, allowing nearly 60 million users to send and receive USDC with no wallet setup required, live on Ethereum mainnet and @Arbitrum.

10/ @torproject and @FundingCommons launched a web3-native crowdfunding initiative supporting 10 internet freedom projects.

11/ @JPMorgan launched a second tokenized money market fund on Ethereum.

11/ @lifiprotocol launched LIFI Intents, a full-stack intent execution engine built on the Open Intents Framework, an initiative for standardizing crosschain intents.

12/ @l2beat launched Token Frameworks, a dedicated place to explore interoperability solutions, token movement, volume, speed, chains, and framework adoption.

13/ @PrivacyEthereum launched a private transfers dashboard comparing 11 protocols across privacy, cost, UX, decentralization, compliance, verifiability, state, and composability.

14/ @Veildotcash launched Veil MCP 0.2.0, enabling agents to make private x402 payments on @base.

15/ @src_co_ introduced SLOW, reversible, self-custodial crypto payments on Ethereum.

16/ @ensdomains ecosystem builders launched ENS8004, a web app that converts an ENS name into an onchain AI agent other applications can find and verify.

17/ @OctantApp introduced properQF in Epoch 12, integrating quadratic funding into the funding round.

18/ @AragonProject launched onchain profiles, making governance participants readable across forums by resolving ENS names, avatars, bios, websites, and social links from Ethereum mainnet.

19/ The Ethereum Community Hub network expanded to Lisbon, hosted at the @gnosisDAO office.

20/ @SuccinctLabs introduced data confidentiality to OP Succinct, enabling institutions to keep transactions confidential while settling to Ethereum.

21/ @HardhatHQ 3 became stable, bringing Solidity tests, multichain support, a Rust-powered runtime, a revamped build system, and Hardhat Ignition for deployments.

22/ The inaugural @ethconf, in NYC, brought together thousands of founders, industry leaders, and builders to discuss building on top of Ethereum.

23/ @EthPrague brought Ethereum builders together in Prague to discuss protocol development, privacy, culture, and long- term societal impact.

24/ @ETHGlobal introduced a new format where, for the first time at an ETHGlobal hackathon, projects do not have to begin from zero.

[Golem Foundation @GolemFoundation]

Today is the final day of @torproject's & @FundingCommons #FundInternetFreedom round.

$GLM is accepted for direct donations alongside BTC, ETH, XMR, and ZEC - across ten Tor-curated internet-freedom projects.

Quadratic matching closes with the round, with @OctantApp among the backers of the matching pool.

https://t.co/lNkDEhGK9J

[Octant @OctantApp]

We're kicking off our Demo Day at 10 am ET. Hear directly from the builders getting funded in Epoch 12 and all the impactful work they're doing.

Joining us in the first half from 10 am - 11:25 am are:
@solidity_lang @argotorg
@GiliEcoTrust
@RevokeCash
@eas_eth
@greenpilldevs
@Crypto_Altruism
@AestusRelay
@dappnode
@BluefilterC
and @ECHInstitute

hosted by the 3 maestros @nicnode @alexfacelesslbs and @Evan_Mann

[Golem Foundation @GolemFoundation]

Epoch 12 goes live today at 12:30 PM ET.

The first @OctantApp v2 allocation window brings Proper QF, ZK voting proofs, direct ETH contributions, and a 200 ETH matching pool funded by yield from our 100,000 ETH solo-staking position.

$GLM lockers can allocate accumulated WETH rewards. For the first time, non-lockers can contribute ETH directly from their wallets.

25 projects. Window closes June 30 at 11:30 PM ET.

[Octant @OctantApp]

We're excited to share Epoch 12: Octant is for everyone.

Allocation window opens at 12:30 pm ET today (16 June) and will close at 11:30 pm ET on 30 June. You can allocate on: https://t.co/DrubPo6oUz

This epoch marks a few big changes.

This is our first epoch introducing ProperQF.
This is our first epoch with zkproofs in voting.
This is our first epoch open to ETH contributions.
This is our first epoch on v2.

So, let's get into it.

Epoch 12 is our 13th funding round. We’ve got 200 ETH in our matching pool this time.

As a GLM locker, you can allocate your WETH rewards to yourself and/or to projects that are part of this epoch. The matching pool will be quadratically split based on your allocations.

For ETH contributions: 50% of the contribution will be converted to $GLM and burnt, and the remaining 50% will be allocated to your project selection. Part of this is to discourage sybil, and the other part is because our funding comes from @golemfoundation's treasury yield and GLM is core to the mechanism. We will be noting addresses who attempt to sybil and penalize them by removal in upcoming epochs.

We've done a few deep dives on properQF and built a simulator you can use to model the final allocations: https://t.co/1Vk1RFeqDF

Now for the fun part. We've got an incredible group of projects joining us in Epoch 12:
@AestusRelay
@BluefilterC
@crypto_altruism
@dappnode
@eas_eth
@ECHInstitute
@etheconomiczone
@ethStaker
@EthereumRemix
@FundingCommons
@GiliEcoTrust
@greenpilldevs
@growthepie_eth
@hypercerts
@l2beat
@OSObserver
@ProtocolGuild
@RevokeCash
@rotkiapp
@SEAL_911
@shefiorg
@ShutterNetwork
@solidity_lang @argotorg
@torproject
@zachxbt

Allocation dates: 16 June - 30 June (11:30 PM EST).

Every allocation makes a difference. Make yours count. Allocate now: https://t.co/DrubPo6oUz

[Golem Foundation @GolemFoundation]

Another proof point for treasury-yield funding.

@ShutterNetwork DAO’s @OctantApp v2 vault has already generated $10,000 in yield.

That is capital remaining productive while its yield funds the work the community chooses, without requiring another fundraising cycle.

This is what Octant v2 was built for.

[Loring Harkness @LoringHarkness]

Shutter DAO 0x36 has already earned $10,000 in yield from its Octant v2 defi vault.

Shutter Champions: Melee 2 is now fully funded!

[Octant @OctantApp]

We're proud to join the new Encrypt the Mempool Coalition!

Mempools should be encrypted in Ethereum, to stop toxic MEV & real-time censorship in a decentralized & credibly neutral way.

https://t.co/bCbps1CHBK

[Golem Foundation @GolemFoundation]

Public-goods funding should not depend on trusting an administrator's spreadsheet.

For Epoch 12, @OctantApp is introducing its Zero-Knowledge Vote Coprocessor.

Ballots are published as Ethereum blobs. Proper QF is computed offchain. The result is accepted only when its proof is verified onchain.

A step toward Ethereum coordination that holds onto the properties that make Ethereum worth using in the first place.

[Octant @OctantApp]

https://t.co/NxhOqAtVp6

[Golem Foundation @GolemFoundation]

Ethereum treasuries funding the ecosystem from staking yield is not a thing of the future.

It's the model we've been running since 2023 through @OctantApp: stake 100K $ETH, preserve principal, route yield, let the community help decide what gets funded.

To date, the Octant community has distributed 4,647 ETH in staking yield, of which 2,866 ETH has been directed to 126 digital public goods projects.

With v2, we're opening the protocol to other treasuries and yield sources.

We've already been joined by @Gitcoin and @ShutterNetwork DAO, who deployed part of their capital into Octant vaults to accrue yield for funding rounds on v2.

Who's next?

[Etherealize @Etherealize_io]

Tom Lee: Ethereum DATs can use ~$500 million in annual staking rewards to fund grants for Ethereum ecosystem

“The Ethereum Treasuries — Bitmine and Sharplink among others — now own 7% of the Ethereum supply… Treasury stock is essentially supply permanently taken out from the ecosystem, but we also own the yield. The yield is around 3% so today these public treasuries are generating ~$500 million in rewards, and that is what we can use to fund and grant the crypto ecosystem.”

Lee believes that the Ethereum Foundation narrowing its focus to CROPs (censorship resistance, openness, privacy and security) is the right decision.

“Ethereum is a $240 billion network value entity. It has been operating for 11 years without a single day of downtime. There’s 11,500 nodes in 89 different countries. And there’s 15,000 developers. I think this is too big to be coordinated by a single foundation.”

As Ethereum continues to scale, he believes the ecosystem will move beyond a foundation-centric model and points to private companies like Etherealize, Optimism, Consensys, Enterprise Ethereum Alliance, and Offchain Labs that represent the Ethereum ecosystem and are already doing enterprise engagement.

“This list doesn’t yet reflect the spinoffs coming from the Ethereum Foundation. There’s at least five, and I think Bitmine will play a role in granting and supporting any of those that come out.”

“I think Ethereum is in good hands because the foundation is going to be stronger by staying focused. We have a lot of private sector companies already building products and important L2s on Ethereum. And of course, the treasuries are here to help with funding and granting… If you’re bearish, you are selling at the bottom.”

[Golem Foundation @GolemFoundation]

Over 150M $GLM is now locked in @OctantApp v2.

That is capital committed by holders who chose continuous $WETH accrual over keeping their tokens liquid.

In Octant v1, GLM lockers distributed more than 4,648 ETH in rewards across 11 funding epochs.

v2 extends that mechanism beyond epoch boundaries: lock once, and WETH rewards accrue continuously.

Rewards can be claimed directly or contributed as donations during funding rounds.

[artem 🇺🇦 (@ EdgeCity) @art_tem_]

Looking forward to speaking at the first edition of @ETHConf in NYC this June. Come say hi if you're around!

[Octant @OctantApp]

We’re tackling how funding gets sourced, allocated, distributed, and evaluated at Octant.

Over 4647 ETH allocated from DeFi yield since 2023 to projects and users, we definitely have the data to back it up too.

If you’re at @ethconf, come say hi. We’ll be in NY all week round.

[Golem Foundation @GolemFoundation]

Sustainable public-goods funding is not only about where the capital comes from. How community support is translated into allocations matters just as much.

For the upcoming Epoch 12 allocation window, @OctantApp is shipping Proper QF: a trustless, onchain implementation of capital-constrained quadratic funding, faithful to @VitalikButerin, @zhitzig and @glenweyl original proposal.

Common QF implementations can unintentionally over-reward concentrated giving from a few large donors. Proper QF is designed to preserve the signal that matters: broad community support.

[Octant @OctantApp]

https://t.co/eLJ2ymUuU8

[Octant @OctantApp]

We’re hosting a live tomorrow to chat about everything coming up in the Octant ecosystem.

On the lineup we got:
- @LoringHarkness from @ShutterNetwork chatting about Melee 2

- @GravenPrest chatting about proper quadratic funding and what it means for the upcoming epoch

and @nicnode and @arlery chatting about everything else coming up in Epoch 12.

If you’re an Octant user or grantee, this is a stream you won’t want to miss.

📌 at 15:00 UTC / 11 am ET here on X.

[Golem Foundation @GolemFoundation]

The $GLM community has funded internet freedom before: through @OctantApp v1, it directed 138 ETH to @torproject.

Now GLM can be donated directly to projects in the Tor-curated #FundInternetFreedom round.

Each donation is matched through quadratic funding, with @OctantApp among the backers of the matching pool.

Round closes June 19: https://t.co/lNkDEhGK9J

[The Tor Project @torproject]

Tor is strongest when the broader internet freedom ecosystem is healthy. In partnership with @FundingCommons we are excited to launch a web3-native crowdfunding initiative benefitting 10 internet freedom projects at https://t.co/Nqkoxt9g8T.

Thank you to or generous matchfunders @cakewallet, @ZcashCommGrants, @Logos_network, and @OctantApp
https://t.co/x1w3gkZEZO

[vpabundance.eth 🐉 @vpabundance]

Dankrad is describing something we spent over a year trying to build at @OctantApp
Octant v2 was designed around a simple premise: ecosystem treasuries should be structurally funding what they depend on. Not grants programs with quarterly applications. Not one-off donations. Continuous yield flowing from staked treasury ETH into the infrastructure the ecosystem runs on.. with transparency and accountability built in. We built the vault architecture and had baseline ideas around governance...We went to every major ecosystem and pitched it...

Every single one said no.

The reasons varied but the pattern was consistent, nobody wanted to be first, nobody wanted to commit treasury capital to a model that didn't already have momentum, and public goods funding was always someone else's problem.

Time goes on, the problem didn't go away and imo it got worse. Now the ecosystem is having the same conversation we were trying to have two years ago.

Solving this is still possible. The pieces exist. What's missing is the willingness from ecosystems that extract enormous value from Ethereum's security to collectively fund it. We have ideas we're actively moving forward with. My DMs are open to anyone: protocols, DAOs, treasuries... anyone who wants to be part of solving this rather than just talking about it.

[Golem Foundation @GolemFoundation]

.@torproject & @FundingCommons' funding round is live, with matching pool backed by @cakewallet, @ZcashCommGrants, @Logos_network, and @OctantApp.

Quadratic funding is the mechanic doing the work here: small donations from many distinct supporters move further than a few large ones from a narrow base.

That is why QF has been central to Octant: it helps public goods find support from the long tail, not only the largest wallets.

Ten projects to choose from. Donations accepted in crypto including $GLM.

https://t.co/nq3NnYJUOp

[Funding the Commons @FundingCommons]

The Internet Freedom Project is live! 🧅

It's been an honor to build this with @torproject and our friends at @cakewallet, @ZcashCommGrants, @Logos_network, and @OctantApp.

Stand with the people building the privacy infrastructure of the open internet. 👇

[durgadas.eth @durgadasjii]

Just migrated my $GLM to v2. My contribution history earned me Deity status. 🛡️

If you have $GLM, join the movement and see where you rank at: https://t.co/MECHC3Ff6c

https://t.co/wHyzhpMS0f

[Golem Foundation @GolemFoundation]

Lock $GLM once in @OctantApp.

$WETH rewards accrue continuously.

During allocation windows, you decide what to keep and what to direct toward public goods.

Donations are matched quadratically.

Rewards for lockers. Funding for what matters.

[Octant @OctantApp]

Locking $GLM gets you ethereum:0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 rewards on Octant.

If you allocate this to public goods/impactful project in our upcoming epoch, we'll match it (quadratically).

2870 ETH allocated to users and projects. All sustainably funded.

[Golem Foundation @GolemFoundation]

Privacy is a human right. But the tools that protect it do not fund themselves.

The $GLM community directed 138 ETH to @torproject through @OctantApp v1.

Today, Tor and @FundingCommons launch a web3-native round for 10 internet freedom projects, with Octant among the four matchfunders.

Donations are accepted in crypto, including GLM, with quadratic matching applied.

https://t.co/bYAy91VYvx

[The Tor Project @torproject]

Tor is strongest when the broader internet freedom ecosystem is healthy. In partnership with @FundingCommons we are excited to launch a web3-native crowdfunding initiative benefitting 10 internet freedom projects at https://t.co/Nqkoxt9g8T.

Thank you to or generous matchfunders @cakewallet, @ZcashCommGrants, @Logos_network, and @OctantApp
https://t.co/x1w3gkZEZO