[WFC] DOT #1321 - Introduce quadratic funding to the polkadot treasury spending
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Description

https://polkadot.subsquare.io/referenda/1321

Quadratic Funding in Polkadot

  • Purpose: Introduce quadratic funding (QF) as an alternative to the current treasury spending model in the Polkadot ecosystem.
  • How it Works:
    • Projects share a fixed public fund pool.
    • Community votes, calculated by the weighted square root of donations, determine the final distribution.
  • Benefits:
    • Reduces the influence of large token holders.
    • Encourages broader community support.
  • Challenges:
    • Potential for Sybil attacks (fake accounts).
    • Incentivizing donations when a public fund pool exists.
  • Implementation:
    • Funding rounds with predetermined budgets.
    • Projects apply and are reviewed by curators.
    • Communities donate assets, and funds are distributed via child bounties.
  • Reputation System:
    • Addresses have voting weights based on on-chain and off-chain activities.
  • Audit:
    • Transparent fund distribution and voting weight information.
  • FAQ:
    • QF is an alternative to, not a replacement for, OpenGov treasury funding.
    • Projects can apply for both QF and OpenGov funding.
    • Whales benefit from QF by improving treasury spending decisions.
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Information
Snapshot
Timestamp
Created
Dec 10 2024 18:22
Start date
Dec 10 2024 00:00
End date
Jan 09 2025 00:00
Results
Voters
3
one-person-one-vote
Aye
2 VOTE
 
Nay
0 VOTE
 
Abstain
1 VOTE
 
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