The recent approval of Governance Proposal No. 917 by the Cosmos Hub community marks a significant milestone in blockchain governance and funding. This proposal, put forth by Dora Factory and DoraHacks, secured a $1 million grant from the Cosmos Hub community treasury to support ten rounds of Quadratic Funding over the next two years. The overwhelming support for this proposal, with 91.9% approval from over $1 billion worth of ATOM voters, highlights the community’s commitment to advancing public goods funding within the ecosystem.
Dora Factory, in collaboration with DoraHacks, has announced the second AEZ (ATOM Economic Zone) quadratic funding program. This initiative represents the first long-term funding effort within the Cosmos Hub, aiming to support public goods and early-stage projects through native-token donations. The program, spanning from May 2024 to May 2026, is set to foster greater collaboration among developers, communities, and ecosystem builders.
Public goods funding is a critical concept in the Web3 industry, encompassing blockchain infrastructure, storage solutions, developer tools, and user-facing applications like block explorers and wallets. The transparent and verifiable nature of blockchain technology makes it an ideal medium for funding these public goods. However, challenges such as lack of coordination among stakeholders and sustainable funding mechanisms often hinder the effectiveness of such initiatives.
Dora Factory is at the forefront of addressing these challenges by building infrastructure that facilitates large-scale adoption of public goods funding. As a leading decentralized governance infrastructure and multi-chain public goods funding protocol, Dora Factory offers products like Public Good Staking and Dora Vota, designed to empower the global hacker movement, open-source communities, and DAOs.
Quadratic funding, a core component of Dora Factory’s approach, allows token-holder communities to support high-quality projects through native-token donations. This method promotes better alignment among foundations, communities, and developers, enhancing collaboration across various ecosystems. Dora Factory has successfully deployed quadratic funding in numerous mainstream crypto ecosystems, including BNB Chain, Solana, Polygon, Aptos, Cosmos Hub, Injective, and Avalanche.
The concept of Public Good Staking, introduced by Dora Factory in late 2022, provides a sustainable funding mechanism for public goods. By operating validators and earning native block rewards, Dora Factory funds multi-chain developers and public goods ecosystems. This approach has garnered significant traction, with over $400 million in Total Value Locked (TVL) and up to $10 million in annual sustainable funding.
Dora Factory’s Community Incentive Fund aims to make public goods funding more engaging and fun. By partnering with top meme and NFT projects, the fund introduces retroactive airdrops and gamified donations, attracting contributions from nearly 100,000 unique addresses across different communities. This initiative demonstrates how creative approaches can enhance participation and interest in public goods funding.
To address privacy concerns in on-chain governance, Dora Factory has developed Anonymous Minimum Anti-Collusion Infrastructure (aMACI). This cryptographic technology maximizes the detection and elimination of collusion in voting, enhancing privacy and reducing the threshold for using MACI voting. The introduction of aMACI in 2024 further strengthens privacy protections and anti-collusion measures in decentralized voting systems.
Dora Vota, a multi-chain governance and voting infrastructure, offers modular solutions for public goods funding and decentralized community governance. By integrating interoperability protocols like IBC, Dora Vota provides plug-and-play quadratic funding modules and grant distribution mechanisms. This permissionless appchain creates a valuable playground for developers, unlocking new possibilities for public goods funding.
The strategic financing secured by Dora Factory from dao5, Whampoa Digital, and angel investors like EigenLayer co-founder Calvin Liu underscores the project’s potential. As Dora Factory’s Public Good Staking and Vota ecosystems mature, the team is poised to explore innovative solutions to traditional funding inefficiencies, accelerating the development of governance and public goods funding in the multi-chain ecosystem.
The approval of Governance Proposal No. 917 by the Cosmos Hub community not only brings quadratic funding to the forefront but also sets a precedent for future initiatives. By supporting public goods and fostering collaboration among diverse stakeholders, the Cosmos Hub community demonstrates its commitment to advancing blockchain technology and creating a sustainable ecosystem.
The introduction of quadratic funding within the Cosmos Hub is a pivotal moment for the blockchain industry. It highlights the importance of community-driven initiatives and the potential of decentralized governance to address funding challenges. As more ecosystems adopt similar approaches, the future of public goods funding looks promising, with greater transparency, collaboration, and innovation on the horizon.
The success of this initiative also reflects the broader trends in the blockchain space, where decentralized governance and innovative funding mechanisms are becoming increasingly important. As the industry evolves, projects like Dora Factory will play a crucial role in shaping the future of public goods funding and governance, driving progress and sustainability in the blockchain ecosystem.
