Quadratic Funding: Difference between revisions
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Archipelago (talk | contribs) (lots of writing about implementations in theory and practice) |
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In general, I see practical implementations as heuristic approximations for the theoretical Budgeted variant, which do seem overall good enough, though some are better. | In general, I see practical implementations as heuristic approximations for the theoretical Budgeted variant, which do seem overall good enough, though some are better. | ||
=== Budgeted in practice === | ==== Budgeted in practice ==== | ||
====== Only scale down matching if budget reached ====== | ====== Only scale down matching if budget reached ====== | ||
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In the proper implementation, if the matching amount is 0, the yellow area is scaled to 0, and this calculation still works. Individual contributions are basically duplicated, which strays significantly from the theory. | In the proper implementation, if the matching amount is 0, the yellow area is scaled to 0, and this calculation still works. Individual contributions are basically duplicated, which strays significantly from the theory. | ||
=== Discrete rounds vs continuous === | ==== Discrete rounds vs continuous ==== | ||
Some implementations have discrete rounds, where donations are only for that specific round, and happen infrequently - Gitcoin did theirs 4 times a year, for example, with donations only being open for a few weeks, to give people time to iterate and adjust their inputs based on the inputs of others, and with significant downtime inbetween funding rounds. Once the deadline is reached, funds are sent all at once. | Some implementations have discrete rounds, where donations are only for that specific round, and happen infrequently - Gitcoin did theirs 4 times a year, for example, with donations only being open for a few weeks, to give people time to iterate and adjust their inputs based on the inputs of others, and with significant downtime inbetween funding rounds. Once the deadline is reached, funds are sent all at once. | ||