twoirtter.eth

new greenpill today w @twoirtter ** The Village that Accidentally Slayed Moloch ** we chat - 💪 coordination failures - 👺 moloch - 👏 rituals - 🌿 evolution git dat greenpill 🟢👇 youtube.com/watch?v=Dm24W8Of…

How to Find the Next Unicorn 🦄🌈 -aka - How to mine QFEV ( Quadratic Funding Extractable Value ) 💡+💎+🌈 = 🦄 Quadratic Funding (QF) Tools like @clrfund @gitcoin @PomeloGrants are a way to **Fund What Matters** in your ecosystem. Invented in 2018 by Vitalik Buterin, Glen Weyl, and Zoe Hitzeg, QF is a mechanism for democratically distributing capital. How the mechanism works: 1. Large donors raise a matching pool. 2. A crowdfund campaign is started where ecosystem projects can receive funding from small donors. 3. During the crowdfund campaign, contributions from small donors are matched by the matching pool according to which projects are the most popular (not those which raise the most money). 4. For example, is project A gets $100 from 100 contributors, and project B gets $100 from 1 contributor, project A will get 99% of the matching pool. 5. Whats really beautiful about this is that even giving a dollar can create $10s or $100s in funding. It creates a real incentive to give. This means QF rounds create a very rich dataset. On @gitcoin this mechanism has been used to fund $50m through 3.8m unique donations. From a strategic perspective, QF is a great way to: 1. Fund What Matters democratically. 2. Support democratic institutional decision making & give more community agency in funding decisions. 3. Push power to the edges, away from whales & other centralized points of power. 4. Double your money! Your community co-funds your ecosystem with you. In this post, I want to highlight something that idk if other people see: > QF generates a signal of what your community cares about. 🧠🧠🧠🧠🧠 This signal is immensely valuable. Much more valuable than most people realize. Let me explain. Early in @gitcoin rounds 1-5, we saw that projects like @Uniswap @yearnfi @1inch were among the top funded projects in the QF rounds. A market cycle later, these projects are now unicorns. It's no mistake that these projects were among the most popular in the QF rounds. QF systematically up-regulates the projects that have the respect of their peers. The fact that so many ecosystem participants supported them was a leading indicator that they were doing something that was important/legit. Having access to this data *early* is what I call QFEV - Quadratic Funding Extractable Value. I think there is something very valuable here. What if we could find the next @Uniswap before anyone else? What if projects that raised QF were able to opt-in to receive partnership, sponsorship, or investment offers after the round? What would have to be true to bottle up this QFEV? There is alpha in having access to this data before a project gets hot. Of course this data is available on chain + anyone can access it. But no one has yet built a tool to do so. Until now: @supermodularxyz has been working on a tool to find the hottest projects in @gitcoin @grantsstack + facilitate opt-in intros to those teams. I'm a big believer in positive sum games. This feels like one. 1. Ecosystems get better ecosystem building powertools. 2. Great projects get more funding offers early. 3. This all spins a flywheel that helps people *Fund What Matters To Them*. 🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈 If you want to mine QFEV ( Quadratic Funding Extractable Value ) - or - If you want to Find the Next Unicorn (and the one after that) .... then pls @ reply or slide into my DMs. 🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈🦄🌈