Obol Collective has officially launched its first-ever Retroactive Funding Round (RAF1), committing 1 million OBOL tokens to support public goods. RAF-1 marks a major milestone for the largest Decentralized Operator Ecosystem, enabling community-driven initiatives that strengthen distributed validator infrastructure.
Gitcoin, which has collaborated with Obol since last year, shared its excitement over the initiative, stating: “We’ve been working with the Obol team since last year, and are very excited to see their first Retroactive Funding Round live!”
With applications now open, builders, developers, and projects contributing to Ethereum’s decentralization can apply for funding, with recipients determined through a quadratic voting process led by OBOL token delegates.
What Makes Obol’s Retro Funding Different?
Unlike traditional grant programs, retroactive funding rewards impact that has already been proven. This ensures that resources go to projects that have tangibly contributed to the ecosystem. By using quadratic funding, Obol distributes funds more equitably, preventing a small number of projects from dominating.
Key aspects of the Obol Collective Retroactive Funding (RAF) mechanism include:
- Open Applications: Any project that aligns with the funding round’s theme can apply.
- Community Voting: OBOL token holders delegate voting power to decide fund allocation.
- Quadratic Funding Model: Ensures fairer distribution across impactful projects.
- Transparent Process: Includes review, voting, compliance checks, and funding distribution.
Understanding the OBOL Token’s Role in Governance and Funding
The OBOL token is central to Obol Collective’s governance and funding processes. It allows holders to delegate voting power, participate in decision-making, and support initiatives like the Obol RAF rounds. While its total supply is capped at 500 million, tokens will unlock gradually over time to sustain long-term ecosystem growth.
Beyond governance, Obol plans to expand OBOL token utility through integrations with DeFi mechanisms like liquidity pools and lending, further solidifying its role in decentralized finance.
Who Can Apply for Obol’s First Retro Funding Round?
Projects that have actively contributed to Ethereum’s decentralization and public goods are eligible. This includes developers, educators, and teams that have:
- Built open-source tools, protocols, or applications supporting the Obol ecosystem.
- Increased participation in distributed validator technology.
- Developed educational resources that promote Ethereum decentralization.
Applications must be submitted by February 10, 2025, at 00:00 UTC through the RAF portal. Future funding rounds will evolve based on ecosystem needs, ensuring sustained support for Ethereum’s decentralized infrastructure.
For more details on RAF1, key dates, and how to participate, click here.
