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.
 

