We are finally wrapping up the first quadratic funding round. It’s been amazing to see the organic participation from projects and donors alike. Every single project participating in the round has received both community donations and matching funds from the Avalanche Foundation.
Methodology
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As many participants will know, Holonym and Civic stamps were made mandatory through Gitcoin Passport for this round, in order for donations to count towards quadratic funding. We have decided to remove the requirement for the final result, since a manual analysis of the results showed no sybil behaviour, and it only had a minor effect on final results.
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We decided to use Collusion-oriented cluster-matching (COCM) for this round, which quantifies just how coordinated groups of actors are likely to be based on the social signals they have in common. Projects backed by more independent agents receive greater matching funds. Conversely, if a project’s support network shows higher levels of coordination, the matching funds are reduced, encouraging self-organized solutions within more coordinated groups.
Round Stats
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Matching Available: 1,500 AVAX
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Matching Cap: 10%
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Number of Unique Voters: 355
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Number of Unique Projects: 25
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Average Donor Contribution: $49.73
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Max Donor Contribution: $2,496
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Amount Raised by Crowd: $17,654.47
Results
| Project Name | Matching Funds Received (AVAX) | Match % |
|---|---|---|
| Watchers AI | 150 | 10 |
| Stable Jack | 150 | 10 |
| AudioForge | 150 | 10 |
| BLOCK’d Social | 126.38 | 8.43 |
| Hoshi | 123.93 | 8.26 |
| Snowpeer | 114.37 | 7.62 |
| Kimbo | 110.42 | 7.36 |
| Avalanche Attesation Service | 101.7 | 6.78 |
| DefiLlama | 71.14 | 4.74 |
| Gecko Inu | 53.22 | 3.55 |
| MoonKiss | 48.2 | 3.21 |
| Solar Dex | 46.54 | 3.1 |
| MILO | 38.56 | 2.57 |
| Audit, improve and port fundamental Avalanche tools to OpenBSD/adJ | 38.53 | 2.57 |
| Awaken | 27.5 | 1.83 |
| IvorieChat | 26.48 | 1.77 |
| Avax List | 26.05 | 1.74 |
| Cryptorank | 21.36 | 1.42 |
| Tradao | 14.11 | 0.94 |
| Once Upon a Star | 12.9 | 0.86 |
| GOV.DAO | 12.09 | 0.81 |
| Staava Protocol | 11.58 | 0.77 |
| Kanaloa Network | 8.64 | 0.58 |
| Isbjorn | 8.32 | 0.55 |
| Vrumble: BattleFi | 7.98 | 0.53 |
Congratulations to every project participating. There will be an additional announcement once the disbursement of matching funds has been completed. Stay tuned for more information about future rounds soon!