Goals
Quadratic Funding (QF) is a funding mechanism designed to distribute a matching pool among multiple projects based on the number of unique contributors. Funds are distributed according to the quadratic funding formula, meaning that the most matching funds go to projects that have the greatest number of unique donors. The goal of QF is to make funds distribution democratic & inclusive, rather than solely left to the preferences of large donors.
Quadratic Funding has proved to be a very powerful mechanism for onboarding new users into web3, rallying the community around public goods, and generating significant funding for impact projects. Some benefits include:
- Attracting new donors and projects to Giveth via community QF rounds
- Onboarding large donors to Giveth to fund QF round matching pools
- Giveth promotion during QF rounds from project fundraising
- Democratic/inclusive distribution of funds
- Filling in market gap for simple UX QF rounds
- Generating revenue for Giveth through % of each matching pool
The Giveth Quadratic Funding Working group is working on building QF into Giveth, including developing the UI/UX, user testing, fundraising, marketing, launch & more! We are currently focused on building out MVP of QF, and following that hope to be running more QF rounds - for our own projects & for external groups - in an effort to support public goods projects to raise funds to meet their goals.
Giveth QF rounds will make use of our database for donation tracking, will be possible to include donations on any of our support chains (currently 5), will stack with GIVbacks and GIVpower, will outsource our sybil analysis / fraud protection, and will be highly customizable based on our & our users’ needs.
Team and Resources
@karmaticacid - Product owner, Product manager
@moenick - Product management support
@griff - Product Advisor
@Cherik @alireza7612 @ramramez - Frontend Development
@cquinterom096 @renjer @amin - Backend & Subgraph
@mitch @amin - Smart Contract Development (if applicable)
@maryam.jafarymehr - User Testing
@brichis @griff @yass @karmaticacid - Fundraising
@karmaticacid @oyealmond @Stee @missgene - Communications & Marketing
@whyldwanderer @NikolaCreatrix - Project onboarding
@franco @karmaticacid - Documentation
Duration 
Our immediate goal is to deliver the Quadratic Funding MVP which is expected as early as the end of July 2023. Next, following matching pool fundraise, we’ll run our MVP QF round (estimated early Sept 2023). Following that, we plan to be running quarterly QF rounds, into the foreseeable future (making development, UI/UX improvements as we go), and working with other partners who want to run QF rounds on Giveth at least through to the end of 2024, more likely beyond!
Initial 3 Month Deliverables & Budgeting
The DAO will have the opportunity to vote on which budget and corresponding deliverables the WG will focus on for the next 3 months. There are three options:
- Grow - Increase the current scope and budget.
- Sustain - Maintain the current scope and budget.
- Shrink - Reduce the current scope and budget.
Grow 
What we will do 
- Develop & Test QF MVP
- Develop & Test GIVstaking (Giveth Pro) MVP to integrate w/ QF
- Fundraise $10,000-25,000 for the matching pool
- Complete documentation
- Support project onboarding to Optimism & GIV staking
- Create & execute marketing and launch comms plan
- Run MVP QF round
- Create & execute round duration comms & marketing plan
- Perform sybil analysis
- Distribute funds to projects
| Breakdown | Estimated S1 Cost |
|---|---|
| Contributor Costs | $51,825 |
| Sybil Analysis | $1,250 (or 5% of the matching pool) |
| Total for S1 | $53,075 |
Sustain 
What we will do
- Develop & Test QF MVP
- Fundraise $10,000-25,000 for the matching pool
- Support project onboarding to rounds
- Complete documentation
- Create & execute marketing and launch comms plan
- Run MVP QF round
- Create & execute round duration comms & marketing plan
- Perform sybil analysis
- Distribute funds to projects
What we won’t do 
- Develop & Test GIVstaking (Giveth Pro) MVP to integrate w/ QF
- Support project onboarding to GIV staking
- Support project onboarding to Optimism
| Breakdown | Estimated S1 Cost |
|---|---|
| Contributor Costs | $36,630 |
| Sybil Analysis | $1,250 (or 5% of the matching pool) |
| Total for S1 | $37,880 |
Shrink 
What we will do
- Develop & Test QF MVP
- Fundraise $10,000-25,000 for the matching pool
- Create & execute marketing and launch comms plan
- Run MVP QF round
- Create & execute round duration comms & marketing plan
- Perform sybil analysis
- Distribute funds to projects
What we won’t do
- Develop & Test GIVstaking (Giveth Pro) MVP to integrate w/ QF
- Support project onboarding to GIV staking
- Support project onboarding to Optimism
- Complete documentation
| Breakdown | Estimated S1 Cost |
|---|---|
| Contributor Costs | $33,930 |
| Sybil Analysis | $1,250 (or 5% of the matching pool) |
| Total for S1 | $34,180 |
Approval Process
This WGP will remain available and open for Advice Process for 7 days, after which it will move to a Snapshot vote to decide the approved budget and scope.
