Problem: There are no tools to monitor pending transactions, compare node behaviour, or spot network anomalies.
Built for: infra teams, Ethereum core devs, chain devs, anyone working with memepools. But also, traders, researchers, etc.
Importance: analyzes how the network is working, and its attacks if/when they happen, memepool transaction analysis, etc.
Solution: Open-source public good visualization tool, real-time feed of pending txs from multiple nodes, easy to integrate, features like search, filter, and explore tx by type.
Protocols distribute capital towards ecosystem growth
Very few protocols have a group dedicated to public goods
Gitcoin grants program has struggled to raise outside funding for public goods
Misalignment
Butter identified that ecosystem misalignment is a root issue and aims to solve it through conditional funding markets that track outcomes tied to shared objectives.
Instead of framing these as public goods, Butter suggests calling them ecosystem goods, benefiting Ethereum participants specifically.
There’s a funding gap between EF (which supports infrastructure) and VCs (who expect returns), leaving many projects unfunded.
The EF’s neutrality protects its legitimacy but prevents it from supporting all ecosystem needs.
This can leave Ethereum vulnerable when essential services lack funding.
The EF avoids funding projects with tokens or financial products and focuses on developer growth, research, and infrastructure.
Their commitment to neutrality limits their scope, creating blind spots in the ecosystem.
Conditional Funding (and Decision) Markets
Butter is building markets that use prediction mechanisms to guide funding decisions.
Inspired by futarchy, these markets forecast outcomes of funding different projects, enabling data-driven capital allocation.
Decision markets don’t work exactly like prediction markets. They operate as a set of prediction markets working in tandem.
Butter’s Approach
Butter applies decision markets to funding: metrics (like TVL) are tracked, and markets simulate the impact of grants to competing protocols. The most promising outcomes drive actual funding.
How it works (OP example):
A market was run for Optimism, where participants estimated each project’s Superchain TVL increase after three months if given 100,000 OP.
The experiment involved giving everyone “OP Play,” a fake token instead of real money.
This led to interesting dynamics, including many bots.
22 projects participated, including Rocket Pool, Superform, Balancer, and others.
Participants predicted the TVL increase after three months, given that each project received 100,000 OP.
Incentives
The goal is for the accuracy of prediction markets to translate to real markets.
Incentives are aligned because traders aim to maximize their returns
Prediction markets are expensive to game with real money
Ask for Public Goods WG
The ask involves seeking support, both financial and advocacy, for CFMs within the ecosystem.
Funding support would increase the rewards pool for conditional funding markets.
5. Africa Builder Support Pilot Program presentation
Proposed program to kick off in East Africa and some countries in West Africa: Kenya, Uganda, Rwanda, Ethiopia, Ghana, and Nigeria.
Aims to provide education and onboarding in these countries, addressing the lack of support for talented local developers who want to contribute to bigger protocols.
The program will compile reports on communities in these countries to help the DAO assess and support them effectively.
Proposes setting up community ambassadors as contact points for the DAO.
Suggests creating a dedicated communication channel, the African ENS group, for communication between the DAO and the African community.
They want to foster a culture of contributing to open-source tools and giving back to the ecosystem.
The report will help determine realistic goals and areas that need more focus.
Focus on pillars that generate impact rather than vanity metrics like Twitter followers.
The opportunity in Africa is bigger for a huge return on minimal investment.
6. Open floor for all questions, proposals and other presentations etc.
Telco Credit Score
A major telecom provider in Africa is developing a credit score based on users’ mobile activity – phone charging, bill payments, call frequency, etc.
If combined with the blockchain, the score could enable users in Africa to access DeFi loans, with mobile money used for repayment in case of defaults.
Credit profile: The system would combine Telco data with onchain wallet history to create a comprehensive credit score linked to a user’s phone number and wallet.
Inquired about a grant to help build the API and product.
Thomas mentioned that mobile money could be replaced by ENS names but mobile money is widely used in Africa, so switching to ENS would be a challenge.
There is an Onchain Vote with incorrect calldata that is up (current sentiment is to vote against it and wait for the next one to be up)
4. Lighthouse team chat DAO registry initiative
Lighthouse team proposes a standard for storing DAO/org metadata on ENS for decentralized, programmatic access.
Problem: DAO data like treasury addresses, delegate info, and smart contracts is siloed and hard to find/access.
After a year of consideration, ENS was chosen as the platform. A specification was written, and feedback is being gathered from ecosystem participants to form a consensus on what to store on ENS.
The aim is to create an official working group to define the specification.
The goal is to port data from forums to the blockchain, using ENS as a storage place for organizational metadata.
Metadata may include treasury addresses, delegate info, conflict disclosures, and smart contract links.
Feedback from Fireeyes, Spence, Netto, and others highlights strong demand.
Key risk is building a standard with no users; focus is on vendors with concrete use cases.
Prior attempts failed due to a lack of traction and real users; this effort will work backwards from adoption.
Start with ENS as the anchor, then involve Arbitrum, Optimism, Gnosis to create FOMO and drive adoption.
Next steps: post a plan on ENS forums, launch open call for DAO reps, finalize spec with direct input from key stakeholders
Fadhil proposed a two-month pilot program in Africa to facilitate onboarding in select countries: Uganda, Kenya, Zanzibar, Ghana, Ethiopia, Rwanda, and Nigeria
Update covers event attendance, hackathons, conferences, and covers topics like tokenization, blockchains, DAOs, policy awareness, careers, etc.
Fadil is working on a notion page with access to almost everything, including the accountant report.
