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Difference between revisions of "Quadratic funding"
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Quadratic Funding is the mathematically optimal way to fund public goods in a democratic community where the number of contributors matters more than the actual amount funded. <ref>https://finematics.com/quadratic-funding-explained/</ref> | Quadratic Funding is the mathematically optimal way to fund public goods in a democratic community where the number of contributors matters more than the actual amount funded. <ref>https://finematics.com/quadratic-funding-explained/</ref> | ||
Funds are not “matched” according to a 1:1 ratio, but rather according to a proprietary formula. The formula is optimized to reward projects with more community support. So, for example, if a grant receives 100 individual donations of $1 USD, it would receive more in matched funds than a grant that received one donation of $100.<ref>https://www.gemini.com/cryptopedia/gtc-crypto-gitcoin-bounties-web3-gtc-token#section-quadratic-funding-and-gitcoin-crypto-grants</ref> | |||
== See More == | == See More == | ||