What grant is being renewed?
Rocket Fuel - Waq
What work from the previous proposal was completed?
Since applying for my current grant on July 4th, I have produced 89 episodes of Rocket Fuel (up to episode 519).
What work from the previous proposal is ongoing or pending?
Work continues for Rocket Fuel daily. This is an open-ended ongoing project.
What work was not originally planned, but completed, if any?
I have also produced two Launch Pad episodes, one Take Off into DeFi episode, and three special episodes. This totals 95 content pieces I have produced in the last 6 months.
What work is newly slated since the previous proposal?
There is currently no planned new work outside of the daily Rocket Fuel episodes. Launch Pad and Take Off Into DeFi episodes will continue as and when the situation arises along with any other special episodes - such as those around the Saturn 1 update, etc.
Are the results of this project entirely open source (MIT, GPL, Apache, CC BY license or similar)? If not, which parts are not, and why not?
N/A.However, I made a list of all my episode links available to the community.
Benefits - enter N/A where appropriate
What metrics can you share on the success of the project?
The Rocket Fuel channel has amassed 1,031 (+7%) subscribers on YouTube, 1952 (+12%) followers on Twitter, and 167 (+10%) followers on Spotify alone (other podcast platform information is not available). All of these numbers show significant growth compared to 6 months ago.
(screenshot of YouTube subscribers)
(previous 6 months of views and impressions on YouTube)
This makes Rocket Fuel the largest Rocket Pool-specific YouTube channel, the largest Rocket Pool Podcast, and one of the largest Rocket Pool dedicated Twitter accounts that does not belong to the team or team members.
Rocket Fuel is the most widely consumed regular Rocket Pool-related media. The average Rocket Fuel episode has around 148 views views on YouTube and 50 listens on Spotify alone. The average viewer count is very slightly down compared to the previous grant. However, this is very strongly correlated with the number of people visiting the Rocket Pool community and the price of RPL - both of which are close to lows.
(visitor count for the RP discord)
The contraction of Rocket Pool, the poor price action for RPL, and generally low sentiment in the wider Ethereum space has brought fewer viewers than I expected. This phenomenon is not isolated to Rocket Fuel. Major crypto podcasts and news channels are also suffering in this current market. Once interest in crypto comes back from wider audiences, Rocket Fuel should grow in accordance with that.
(a small amount of interest in YouTube crypto content returned for those speaking about Bitcoin but not other crypto assets, yet - x.com)
In less specific terms, how has this project improved the Rocket Pool ecosystem or benefited the Ethereum ecosystem?
Rocket Fuel has become an invaluable tool for the Rocket Pool protocol and community. There is a thriving Rocket Fuel community with dozens of people contributing content to the show monthly. On top of that, other protocols have noticed my passion and high-quality content for Rocket Pool and have reached out for their content in partnership to be covered on the show. All such content happens without any payment and the strictest selection criteria is used.
Rocket Fuel is often the first media newcomers to Rocket Pool come across. Rocket Fuel’s lack of advertisements and focus on the news in a matter-of-fact manner without hype, embellishment, or clickbait tactics is a welcoming and informative introduction to Rocket Pool. In this way, Rocket Fuel significantly contributes to Rocket Pool’s credibility. No comparable DeFI project, or even many alt layer-1s, have a similar dedicated media outlet, nor do they have media and community-building programs that are this cost-effective to produce for the pDAO.
Rocket Fuel’s value is recognized by many prominent members of the Rocket Pool community. Some have provided testimonials for Rocket Fuel’s worth for them. Below is a sample of some of these testimonials:
superphiz:
Rocket Fuel has positioned itself as a critical information distribution tool in the super fast paced Rocket Pool community. We all acknowledge that there’s simply too much information for anyone to keep up with and Rocket Fuel is the glue that lets our community sync up and push forward. The information provided by Rocket Fuel translates into added value for new users and old trolls by giving high quality free access to the cutting edge of information without having to wade through thousands of comments.
Marceau:
Rocket Pool is lucky to have such a vibrant and active community, to the point that staying on top of all the discussion is onerous. Waq and Rocket Fuel provide a huge amount of value by aggregating the key points into a video format with timestamps. Thanks!
Shfryn:
I have been an avid viewer of Rocket Fuel since its inception, and I must say that it has become an indispensable resource for staying up to date with the ever-evolving Rocket Pool ecosystem. Our protocol needs a reliable source of information on a daily basis.
Beyond being an outstanding source of information, Rocket Fuel serves to legitimize our protocol to potential new node operators. I would imagine there are a ton of potential node operators that would not stop to give the product a chance if it were not for the information Rocket Fuel provides.
Beyond bringing legitimacy, Rocket Fuel has personally played a pivotal role in my journey. It served as the bridge that connected me to the community and fueled my motivation to contribute more. Unlike aimlessly reading random conversations in a Discord server, Rocket Fuel provided me with a tangible connection to others who share my passion.
In essence, Rocket Fuel not only delivers invaluable news and updates but also lends credibility to the Rocket Pool product. Furthermore, it fosters a sense of engagement and connection within the community, enhancing the overall experience for all participants. It is a beacon of inspiration, propelling individuals like me to actively participate and contribute towards the shared vision.
Langers
In order for DAOs to thrive, its participants have to stay in the loop and be well-informed. Within the vibrant Rocket Pool community, there are many simultaneous conversations, decision-making processes, and initiatives happening. To ensure everyone can easily access and digest important information, we’ve got Rocket Fuel—an awesome resource that delivers timely updates in a friendly and approachable manner. And let’s not forget about Waq, who brings a touch of personality and warmth to our inclusive community culture.
Patches
Rocket Fuel provides an invaluable service to those of us who work to build for the Rocket Pool ecosystem. In the fast paced Ethereum world, it is impossible to stay up to date on everything transpiring on twitter and discord and be a productive builder at the same time- that is, without the help of Rocket Fuel. Waq’s YouTube videos, and especially their content timestamping, drastically improve the signal-to-noise ratio from social media, and help me stay focused, productive, and engaged with the community.
Rhett (founder of Gravita)
Waq’s coverage of Gravita on Rocket Fuel as well as the launchpad has been extremely helpful for us in connecting with the rocketpool community and the ethereum community as a whole. He’s also been a pleasure to work with and a great interviewer. He’s the kind of content creator we need more of.
Team
Who has done the work, and have there been any changes to the team?
The content production work is all done by me, Waq. However, Rocket Fuel would not be possible without the content contributors who assist me with research for each episode. I pay a monthly amount of $1,000 for this help that is provided to me in the form of a raffle.
How have the individual constituents of the team been compensated?
The payment has gone to me. I also use money that comes to me for Rocket Fuel to pay contributors $1,000 every month. I will also be paying the Rocket Fuel Intern.
How has maintenance been performed since the delivery of the project?
Maintenance is done by YouTube and podcast content hosting services and has required minimal effort from me.
Payment and Verification
Have the acceptance criteria been met?
The acceptance criteria have been met. I have produced an acceptable number of episodes indicated in the previous grant. On top of that, the reach of Rocket Fuel has grown in terms of subscribers, followers, and general awareness of Rocket Fuel. However, I think there is still significant growth to come for Rocket Fuel as Rocket Pool starts to grow again, RPL starts to perform better, and the general sentiment in the Ethereum ecosystem improves.
What is the proposed payment schedule for the grant? How much RPL and over what period of time is the applicant requesting? Does this differ from the original approved amount?
This grant requests the GMC to consider a raise in payment (currently at $40,000/6 months) as it has been a year since my last raise. I will leave the amount of the raise or payment going forward to the GMC.
Is there a measurable Return on Investment for the project?
As with all media and community engagement endeavors, Rocket Fuel return on investment is not easily quantified. Despite this, the return can be assessed qualitatively by observing the significant positive impact that Rocket Fuel has had on the community and newcomers to the community.
What is the breakdown of spending on development for the original grant vs. maintenance?
This is not applicable to Rocket Fuel.
Conflict of Interest
Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).
I am a member of the GMC and the IMC. I also receive donations in the form of RPL from anonymous and non-anonymous members of the community. The gifts and donations have no impact on the content of Rocket Fuel as I have sole editorial control.
Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?
No. I am not involved in any other protocols, so they would not directly benefit. However, I do cover news of other staking services such as Lido, Stader, Diva, Stakwise, and more when it is relevant. I was given a large “OG” airdrop (likely for my work on Rocket Fuel) of Diva tokens (100,000 tokens with other tokens airdropped similarly to other Rocket Pool node operators for a total of 130,000 tokens), but I have repeatedly stated that Rocket Pool, Rocket Fuel, and Ethereum will come first for me. These tokens will almost definitely be sold.
In my personal crypto portfolio, I hold some tokens I was airdropped and others I purchased. RPL remains the biggest part of my portfolio.