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- GLM locked in Octant: public goods funding but make it sexy
GLM locked in Octant: public goods funding but make it sexy
decentralizing ALL the funding decisions, earning ETH while doing good, and why public goods deserve our collective attention

In this week’s issue:
gm and welcome to issue 17. Thanks for being here. 🏴☠️
Last week we dug into self-custody and I shared my journey of setting up a Coinbase wallet. How cute. If you missed it, you can find it here.
This week I'm unpacking my experience with Octant—this platform where you lock GLM (Golem) tokens, earn ETH rewards, and then get to decide which public goods projects receive funding. Wtf did I just say? Stay tuned and let's get into it.

Hodl Me Tender: 🔥 Web3 + AI Jobs of the Week
Looking for your next move in (or into) web3, crypto, or AI? Here are some fire openings for this week, all remote, all posted within the last three days:
StakeKit is looking for a Senior Project Manager
Ritual Foundation needs a Smart Contract Engineer
P2P.org is looking for someone to be their Product Marketing Manger
Base needs a Product Manager, Base Builder Tools to join their team
EWOR wants to fund a Blockchain and Crypto Co-Founder
Messari wants to find a Social Media Community Contractor—is it you?
Chainlink Labs needs a Frontend Engineer, UX
Coinbase is looking for a Grants Manager
Want to be an Ecosystem Associate at Eclipse? Get it.
The Metaplex Foundation has an opening for a Product Marketing Lead
Want to see your company's job listed here? Reply to this email and lmk.
Touch Grass: GLM Me Baby One More Time (locking GLM in Octant)
During SheFi, we each got 400 GLM (about $100) from Octant to play with during, and I'm now head over heels for this whole "democratizing public goods funding" thing. Wait, what are GLM and Octant?
Octant is basically a grand experiment run by the Golem Foundation where they've staked 100,000 ETH (super casual) from their treasury and are using the staking rewards to fund public goods. Bonus: they're letting GLM holders (that's Golem's native token) decide which projects get funded.
How GLM & Octant Operate (fuck if I know, but I’ll give it a go)
Octant works in epochs (90-day periods), and by locking your GLM for the duration, you earn ETH rewards AND voting power. The longer your tokens stay locked, the more influence you have. It's like the crypto version of "put your money where your mouth is," except you're not actually spending your money—just temporarily locking it up.

locking GLM through the Octant dashboard
My first locking experience (sounds dirtier than it is)
During SHeFi, the Octant team made it rain by giving each of us 400 GLM (approximately one hundo USD) to lock into the platform. After creating an account and connecting my wallet, I hit the "Lock GLM" button and felt that familiar crypto anxiety of did I do this right or did I just yeet my tokens into the void?
The live walkthrough helped immensely—shoutout to Mashal, who had the patience to explain epochs, allocation windows, and quadratic funding to a room full of crypto-curious women (read: anxious) trying to figure out if our tokens were actually in our wallets and actually locked. Turns out they were.
Picking my public goods projects (decision paralysis central)
When allocation time came around, I spent way too long scrolling through the eligible projects. The selection was diverse—everything from environmental initiatives to open-source software development. I ultimately spread my allocation across:
Seabrick - Decarbonizing global construction
Rifai Sicilia - Rebuilding a sustainable future for Sicily (my people!)
Oceanus - Planting mangroves, strengthening communities (double-dipping on ocean conservation, obvs)
Change Code - Pioneering new financial primitives and tokenomics that will drive impact as the next asset class to be powered by web3

every piece of eth counts
The platform made it super clear how my allocation would impact each project's funding, and I could see in real-time how the community was rallying behind different initiatives. It's like crowdfunding with a dash of game theory.
The quadratic funding magic (you lost me at quadratic)
Here's where Octant gets really interesting: they use a model called quadratic funding, which I think basically means smaller contributions from lots of people get amplified more than huge contributions from a few whales.
For example, 100 people each donating 1 GLM would generate more matching funds than 1 person donating 100 GLM. This incentivizes projects to build broad community support rather than chasing a few deep pockets. It's basically the anti-VC funding model, and I’m v down with that.
What I especially love about Octant non-custodial locking
Your GLM tokens remain yours. You can unlock anytime (though for maximum impact, keeping them locked for the full epoch is the move).

the dash in action
Rad quotient: The platform uses your Gitcoin Passport score (which I didn’t even know I had, and perhaps actually don’t) to ensure you're a real human and not a sybil attack in disguise. Higher scores = more matching leverage.
Sybil attack, because I looked it up, is “a type of attack on a computer network service in which an attacker subverts the service's reputation system by creating a large number of pseudonymous identities and uses them to gain a disproportionately large influence.” Whoa.
Transparent impact: You can see exactly how your contribution influenced a project's funding outcome. No black box mysterious allocation here.
Real talk—why Octant matters (beyond the tech): Let's zoom out for a sec. Public goods—things like open-source software, environmental conservation, education, and research—are chronically underfunded because traditional markets don't know how to value them properly. We all benefit from them, but without forced taxation or random billionaire generosity, they often struggle to get resources.
Octant is one of the first serious attempts I've seen to create a sustainable funding mechanism that:
Isn't controlled by a single entity (bye, gatekeepers 👋)
Has aligned incentives (you can earn rewards while doing good)
Amplifies community consensus (strength in numbers, not wallet size)
This matters beyond crypto. It's a prototype for how we might fund EVERYTHING from scientific research to public art in the future. And since government funding is under major demolition in the US, we kinda need other viable options.
In typical web3 fashion, the learning curve is real, but the payoff—getting to directly influence where capital flows without intermediaries—is sick. If you've ever felt frustrated watching money flow to bullshit while critical services struggle (like all the time), Octant offers a tiny glimpse of an alternative.
My only plea to the Octant team? Make the UX even more intuitive, because this is too important to stay in crypto-native circles. This kind of governance experiment deserves mainstream adoption.

That's it for issue seventeen of Babe.
Well, one last thought. The coolest part about platforms like Octant isn't the tech—it's putting capital allocation decisions directly in our hands. While traditional funding mechanisms gatekeep that shit, this approach flips the script entirely. Get enough people choosing what matters collectively and we're suddenly reimagining how public goods get funded. Not bad for locking up some tokens, right?
Later, nerds.
xoxo,
lw
PS: Subscribe now if you want in on this arithmetic. Miss the last issue? It’s right here. Also literally none of this is financial advice. I’m sharing what I learn through Babe, and perhaps you’ll learn from my mistakes. Hopefully, maybe, who knows, ily.
Next week in Babe: Fashion, definitely fashion. I’ll also be back in nyc and probably testing out Blackbird while I’m there.