# ELI5 DAOIP-5 ### **What is DAOIP-5?** DAOIP-5 is like a **blueprint** for describing how funding for projects is organized. It’s a standardized format that ensures everyone can understand and use data about grants and donations, especially for open-source projects. --- ### **Why Does It Matter?** Imagine a library of books where every book is written in a different language—it would be hard to share or compare information, right? DAOIP-5 solves this problem by making sure all "books" (grant or funding data) follow the same format. This brings two big benefits: - **Machines can read it**: Computers can quickly process the funding data because it’s in a consistent “language.” - **People can use it**: Developers, researchers, or organizations can access and work with the data without needing to decode it first. It’s like turning a messy, handwritten recipe into a clear, typed recipe card that anyone can follow. --- ### **How Does DAOIP-5 Work?** DAOIP-5 organizes funding data into neat categories, like filling out a form with specific fields: - **Who gave the funding?** (The funder) - **Who received the funding?** (The project or person) - **How much money?** - **What’s the purpose?** (Why the funding was given) - **What’s the timeline?** (When it happened) This structured format ensures everything is clear, consistent, and reusable. --- ### **Examples of Use** 1. **Track donations**: DAOIP-5 can keep a record of who gave money to a project, how much, and why. 2. **Analyze funding trends**: Compare data across projects to see which ones are getting the most support. 3. **Transparency**: Make it easy for everyone to see how money is being spent. --- ### **Why is it Important for Open Source Projects?** Open-source projects often rely on funding from many different sources (like grants, donations, or retroactive public goods funding). DAOIP-5 makes it easy to collect, share, and analyze all this information in one place, boosting collaboration, transparency, and trust. ## DAOIP-5 Resources - DAOIP-5 Workshop: https://www.youtube.com/watch?v=mnl6X1JcM0g&pp=ygUVZnRjIGhhY2thdGhvbiBkYW9pcCA1 - DAOstar Documentation: https://docs.daostar.org/ - DAOIP-5 API: https://daoip5.daostar.org/ - DAOIP-5 API Docs: https://daoip5.daostar.org/help - Github datalake: https://github.com/opensource-observer/oss-funding - State of Web3 Grants Report 2023: https://docs.google.com/document/d/1CFD6ztSh2ggJSO-U3uEea92UVB1cRbvBlA1tfPxLKi8 - State of Web3 Grants Report 2024: https://www.researchgate.net/publication/384437723_State_of_Web3_Grants_Report_2024 - Web3 Grants Report 2024 KeyTakeaways : https://drive.google.com/file/d/1xW1EzA_KJbBeDvk-mBJv_YoWItk8msOH/view - DAOIP-5: https://docs.daostar.org/DAOIP/5 - DAOIP-5 Data Lake can be found here, it a folder of JSON URI's sourced from Grant Systems: https://github.com/opensource-observer/oss-funding/tree/main/daoip-5/json - Web3 Grants Summit Report: https://docs.google.com/document/d/1JFjHL6VM5XMNEkmjUSfn4x2BitF1tnXfD3bvb3uBFGo/edit - Grant Maturity Index: https://arxiv.org/abs/2410.19828 - Retro PGF Case Studies: https://docs.google.com/document/d/1ZBaP_Wv7ldMKZR7tkucm7LZOvcK_RySmvj1NwPBlPWc/edit#heading=h.8qvjms6dvosp - FigJam Working board: https://www.figma.com/board/iOFOCUGq941gMm3EG8Cl3u/DAOIP-5-Working-FigJam-Board?node-id=0-1 Contact: https://t.me/rashmivabbigeri