Quadratic Funding Protocol

[qwadratic]

Prize

$500

Challenge description

You may probably know how Quadratic Funding is implemented on the Gitcoin Grants platform. If you're not familiar with this concept - there is a dedicated page about that

We at Everscale, have the Ever DAO tool for decision-making. We still use a simple multi-signature smart contract for the distribution, which seems to be a limited solution, causing coordination overheads and raising the collusion issue.

At the Gitcoin DAO, there is a Grants platform, which solves these issues. It became a leading public funding tool for web3. Gitcoin DAO employs the Quadratic Funding mechanism for years to fund open-source projects.

We invite you to build a dApp that implements the project matching and public funds distribution protocol.

Note: the Sybil Resistance issue is out of the scope of this bounty, but we highly encourage you to elaborate on that topic

Submission Requirements

The minimal submission should be a set of smart contracts, deployed on devnet / mainnet. These contracts should facilitate the process of TIP-3 tokens distribution to some set of Projects.

Proposed flow

• The Matching Pool is deployed by a protocol operator. It should be configured with a token root address, in which it will accept transfers from funders. An expiration date is also specified
• The system should provide a way for Project Owners to apply for participation in a permissionless fashion by deploying a separate Project smart contract upon request by the Project Owner.
• Any user can donate tokens to one or multiple Projects. The necessary information about the donation structure is stored to be used in the matching stage. The rules of matching are described in the Quadratic Funding Protocol explanation.
• Once the expiration date of the Matching Pool has come, donation and application functionality become disabled. The Matching Pool funds are unlocked and available for Project Owners to claim, in proportion to the matching results from the previous stage.

Judging Criteria

It should work, be covered with tests, and ideally, be connected to the UI The contracts are judged first. Good UI is a plus, though The fewer bugs and security issues - the better.

Winner Announcement Date

7th of December, 2022

Resources

Ever DAO

You may take some inspiration from Ever DAO

The Ever DAO is a simple proposal/voting smart contract system, which is capable of executing custom logic upon a successful vote. The OctusBridge DAO uses the same contracts to operate the OctusBridge configurations and manage its treasury.

See how Ever DAO (OctusBridge DAO) contracts are implemented and connected to the web-based dApp

Quadratic Funding

The article explains the Quadratic Funding

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

---

This issue now has a funding of 53145.3773 WEVER attached to it as part of the everscale-org fund.

• If you would like to work on this issue you can 'start work' on the Gitcoin Issue Details page.
  • Want to chip in? Add your own contribution here.
  • Questions? Checkout Gitcoin Help or the Gitcoin's Discord
  • $1,003,922,745.99 more funded OSS Work available on the Gitcoin Issue Explorer

[naftalimurgor]

Hello @eternalflow, I have read the concept of Quadratic funding and would love to work on this, Best, Naftali

[cryshado]

@naftalimurgor is your initiative on this task still relevant?

[naftalimurgor]

@naftalimurgor is your initiative on this task still relevant?

Yes, It's still relevant, just waiting for some head's up to set the ball rolling. Is it still available on Gitcoin?

[qwadratic]

@naftalimurgor is your initiative on this task still relevant?

Yes, It's still relevant, just waiting for some head's up to set the ball rolling. Is it still available on Gitcoin?

Hi! we decided to update the prize for this bounty

however, I forgot to reflect that on gitcoin website

will do that soon.

if the issue description on github is ok for you, please start and don't hesitate to reach me on telegram (https://qwadratic.t.me) if any problems arise

[naftalimurgor]

@naftalimurgor is your initiative on this task still relevant?

Yes, It's still relevant, just waiting for some head's up to set the ball rolling. Is it still available on Gitcoin?

Hi! we decided to update the prize for this bounty

however, I forgot to reflect that on gitcoin website

will do that soon.

if the issue description on github is ok for you, please start and don't hesitate to reach me on telegram (https://qwadratic.t.me) if any problems arise

Hey @eternalflow

No worries, I 'll reach out on Telegram if any problems arise

[naftalimurgor]

Hey @qwadratic

I'm working on this bounty (in Solidity, Nextjs for the client) and was wondering if the bounty price could be increased to $1500 USDT considering the scope of the work to be done.

[qwadratic]

Hey @qwadratic

I'm working on this bounty (in Solidity, Nextjs for the client) and was wondering if the bounty price could be increased to $1500 USDT considering the scope of the work to be done.

@naftalimurgor

possible. but before I arrange that, please provide some repo with work in progress