IMPS
IMPS; Impact Measurement Protocols is a set of expanding DeFi protocols within fund allocation in grants stacks, allowing participants to provide impact metrics on their grantees.
Created on 2nd March 2024
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IMPS
IMPS; Impact Measurement Protocols is a set of expanding DeFi protocols within fund allocation in grants stacks, allowing participants to provide impact metrics on their grantees.
The problem IMPS solves
Our goal is to create protocols where users of a grants stack or application can close the transparency and accountability gaps in traditional public goods funding mechanisms. This will make funding more efficient and strengthen the bond between funders, donors, grantees, and their communities, fostering a sense of ownership, community, and purpose. We believe that this innovative approach can help increase public good funding and support important causes.
By shaping the way we hold grantees accountable, we can enhance coherence between individuals and their local communities through public goods funding, enhancing individuals’ feelings of ownership, community, and voice. We hope these factors can greatly increase individuals sense of purpose within their communities, and the efficiency in capital allocation for communities.
By enhancing the oppurtunities for trust within local impact projects, we can create more community within grants projects, and governing systems that may eventually assist in the future governing systems of non profits, HOAs, public schools, and other communities.
Challenges we ran into
Through initial ideation we struggled to know which routes to take, weather to use Allo v2 as an initial framework and build a custom UI around it with custom strategies. An alternative approach was to use Scaffold-Eth-2 to automate the web hooks, but adjust dependency issues and any qualms with the slightly different hardhat enviorment versions. We were able to adjust the package dependencies and as well as organize file dependencies and version controls as well.
Another challenge was that a UI for grants stack using Allo v2 hadn't quite existed we discovered, and was in the process of development. Choosing a select contracts from the Allo stack to display the altered functionality was of course difficult, and was an alternative decision to rewriting either the deployment scripts or creating every cutsom webhook. Hair was pulled, but it will grow back. By rewriting components of the inital grants stack contracts by abstracting the process of grant and round creation and focusing on the custom strategy we only had to rewrite and configure the deployment scripts and their parameters for 5 contracts rather +50. Rather using an availble UI SDK for Allo V1, we chose to value project longevity and work with Allo V2, with less compatibility using SE2s current stack.
Beyond technical issues, we had a day dedicated to hosting a Greenpill Denver event for a day. Considering our team size and project complexity this made for some difficulties, but gave us a path to greater support networks. We were able to connect directly with the Gitcoin / Allo team who gave us great guidance that will allow us to build alongside and integrate with Allo V2 after the team devlopes more SDKs to generate front end frameworks.
Overall we experinced many challenges and hurdles. This was a complex build for a first hackathon, and with a limited team size, but if we learned anything, it is that anything can be done with enough perserverance.
Tracks Applied (2)
Impact & Public Goods
Public Goods Funding Platform
Base
Technologies used
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