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+---
+tags:
+- retroPGF
+- public goods
+- libp2p
+title: Announcing libp2p-rPGF-1, the first libp2p project RetroPGF Round!
+description:
+date: 2024-04-08
+permalink: "/2024-04-08-libp2p-rpgf/"
+translationKey: ''
+header_image: /libp2p-rpgf-1.png
+author: Prithvi Shahi
+---
+
+## Retroactive Public Goods Funding for the libp2p ecosystem
+
+Today, the libp2p project is excited to announce the **first ever** libp2p retroactive public goods funding round, libp2p-rPGF-1!
+
+The libp2p project is [partnering with Gitcoin](https://gov.gitcoin.co/t/proposal-gitcoin-x-libp2p-for-easy-rpgf/18446) to retroactively award $125,000 USD worth of OP, recognize impact, and further empower contributors to libp2p.
+libp2p will be using a portion of its [Optimism rPGF round 3 rewards](https://vote.optimism.io/retropgf/3) to contribute back to the broader ecosystem!
+This is an [Easy RPGF round](https://github.com/gitcoinco/easy-retro-pgf), will run on the Optimism chain, and is focused on rewarding projects and organizations that have made an impact across the libp2p ecosystem.
+
+libp2p is a public good which powers much of the decentralized web, including projects like Ethereum, Filecoin, Optimism, Polkadot, and more! Moreover, libp2p's success as a project is the result of a vast panoply communities, collaborators, and organizations building together.
+
+However, these efforts are often unrecognized and unrewarded since markets can fail to adequately fund public goods. Therefore, by embracing [RetroPGF](https://app.optimism.io/retropgf) libp2p seeks to bridge that funding gap.
+
+At this time, our goal is to have about 2 retro PGF rounds per year. We will experiment and iterate each round and hope to evolve it so that governance, participation, and execution improve each round.
+
+The rounds will follow the Optimism template:
+
+1. 🪪 Badgeholders selection
+2. 📝 Nominations/Application submissions
+3. 🗳 Voting by badgeholders
+4. 📊 Publish voting results
+5. 💰 Distribute rewards/funding
+6. 🤔 Retrospective to improve future rounds
+
+For this first round, the badgeholder selection process will include input from stakeholders across the libp2p ecosystem. In upcoming rounds, the badgeholder selection process and pool will be further opened.
+
+Anyone can nominate a project that has achieved impact in the past 12 months in one of the following categories:
+- Software & Dependencies
+- Infrastructure, Tooling, & Utilities
+- Education, Outreach, and Applications
+- Research & Development
+- Other
+
+The round begins today! Nominate projects [on Github](https://github.com/libp2p/libp2p/discussions)!
+
+This round of libp2p-rPGF-1 aims to disburse $125,000 USD worth of OP, with plans to grow in the future. More documentation on processes incoming soon.
+Lastly, we would like to thank the participants & sponsors for pushing the ecosystem forward and helping bootstrap public goods funding into the libp2p project!