DAOrayaki: Review of the first two rounds of Dora Factory community funding
DAOrayaki DAO Research Bonus Pool:
Funding address: DAOrayaki.eth
DAOrayaki DAO Research Bonus Pool:
Funding address: DAOrayaki.eth
Research Type: Dora Factory, Community Grants, Quadratic Funding
Original Author: Eric Zhang
Contributors: Yofu, DAOctor @DAOrayaki
Original Author: Eric Zhang
Contributors: Yofu, DAOctor @DAOrayaki
Original: Review of Dora Factory Community Grant Round 1&2
A Review of the First Two Rounds of Dora Factory Community Grants
Cheers to the two community grant rounds organized by the DoraHacks team!
Community funding is an important part of Dora Factory's development. Building the infrastructure for a DAO is a long-term endeavor that requires community participation. In contrast to template-based DAO launch systems, Dora Factory is an open infrastructure consisting of tools useful for authorizing any form of DAO. Therefore, it is an important task to establish a sustainable funding mechanism so that the Dora community can continue to support ideas/projects, and finally realize the automation of the mechanism through HackerLink.
Dora Factory's rounds of community grants are designed to support two types of projects:
DAO that changes the existing organizational paradigm
Infrastructure to support DAOs and open source communities
Because Dora Factory's infrastructure is modular, there are a lot of interesting technologies to experiment with. Community funding itself is a form of decentralized governance, so multiple rounds of community funding is also a playground for Dora’s technology and products.
Another interesting fact is that the Dora Factory infrastructure is built in a multi-chain environment, so technically community grants can be hosted on any chain that is compatible with the Dora QF contract (or QF platform). In theory, community funding could be hosted on a different chain, which is what is done in practice (more on that later).
An attempt at cross-chain governance
In the second round, the Dora Factory Grant team decided to run the project on the Substrate network, which is based on a QF platform developed under the Web3 Foundation Open Grant Program in February 2021 as the first A running QF module. A Substrate testnet (Dora Factory Testnet[0]) was launched for the purpose of Round-2, and the QF platform was instantiated on the testnet.
The task here is to efficiently distribute testnet tokens to the DORA community according to measurable rules. In order to prove the identity of the community, users from the DORA community pledge a certain amount of DORA into DoraID (a decentralized DID framework based on pledge). At the same time, the Grant team collects the Substrate address from each user who pledged through DoraID, and airdrops an equal amount of DORATEST[0] to the user on the Substrate test network. Users who receive testnet tokens can use these tokens to vote for projects they want to support. At the close of this round of financing, matching funds are allocated according to the quadratic financing formula.
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DORATEST[0] airdrop and quadratic voting process"Endgame"Note: In this round, the integrity of the Substrate network actually depends on the honesty of the Substrate POA nodes. However, in the worst case, if the POA node creates artificial voting history records, the community can jointly check the correctness of the final result based on the output of the platform. In the future, this problem can be mitigated by using more block validators, or further improved by decentralizing block validation (see Vitalik
result
article).
In the first round of community donation activities, 8 projects (ie BUIDL) were submitted. 7 out of 8 projects are DAOs (except Ethsign, a decentralized e-signature tool).
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Two rounds of Dora Factory QF on HackerLink.io
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Two rounds of financing list
Most projects on the leaderboard continue to develop after the funding round.
DAOrayaki, a decentralized media that shifts the media funding mechanism from corporate control to community-driven funding, received the most matching funding in both funding rounds. This is not surprising since 1) DAO had more community exposure than DAO Tools in the early stages, and 2) DAOrayaki has an active contributor/reader community across all DAO projects.
As one of the earliest projects supported by Dora Factory, DAOrayaki uses Dora technology to grow and fund their community (such as DAO Bounty bounty), and it is increasingly involved in the research work of Dora Factory. Recently, the project launched a Futarchy governance system test and received support for Hashkey and Gitcoin GR11/GR12.
EntangledQuery is an open source quantum computing Q/A community that has not received any venture capital. Two rounds (especially the first) of matching funds helped them get the MVP.
The list goes on. Below is a comparison of the two funding rounds.
There were some distractions at the end of the second round. A bug was discovered in the later stages of the second round that caused invalid votes to be counted. Fortunately, voting history was recovered through a thorough analysis of on-chain data. After the data recovery is successful, invalid votes are removed and the results are updated. Reports of bugs and their fixes can be found in the Substrate QF GitHub repo.
future rounds
