TLDR; The first round was a success, and here are the results.
About the Round
During the past Gitcoin Beta Round (Apr 25 - May 9) we had the first QF round of our new TE Grants Program as a Featured Round, funding came primarily from TEC’s Common Pool, but we were also awarded 1 ETH from one ENS small grant, which had a price of $1,580.00 at the moment.
Round Configuration:
- $25k matching pool
- 30% matching cap
- 2x coefficient multiplier for the TE Matching Boost, more details below
Round Stats:
- 16 projects
- 86 unique donors
- 257 contributions in total
- $6,161.85 raised from donors
- $71.65 average contribution
Introducing the TE Matching Boost
We were, to our knowledge, the first and only round to experiment with benefits for donors that qualify based on certain criteria.
For us it was important to recognize those who are betting in the field to help us allocate resources better; and that’s why donors holding at >= 10 $TEC and/or a TE Academy Certificate were elegible for additional matching on their contributions.
From the 86 unique donors, 19 were holding $TEC and 8 a TE Academy Certificatte.
If you’re interested in the matching boost, @gideonro put together a really neat article on the effects of injecting subject matter expertise into QF.
https://medium.com/token-engineering-commons/expertise-and-quadratic-funding-bd4f0c5c3e23
Results of the round
Here are the results of the round for the projects:
| TE GRANTS DISTRIBUTION TABLE | ||
|---|---|---|
| Project Name | No. of Contributions | Payout in $TEC |
| Oxcart Applied Research | 15 | 7,978.8851606824200 |
| Commons Stack | 29 | 8,761.3577879645700 |
| ITU Blockchain | 26 | 4,530.2691869618400 |
| Towards an Industry Standard Python Library for Token Engineering | 24 | 4,013.0864717427100 |
| Bonding Curves Research Group | 20 | 3,624.8439865323300 |
| cadCAD: Computer Aided Design for Complex Systems | 24 | 3,090.9696815151000 |
| TE Barcamp as a Side-Event of EthCC Paris 2023 | 18 | 3,749.7999101804000 |
| EVMcrispr | 19 | 2,679.7532926003800 |
| Token Launch Simulator | 17 | 1,755.8675020890700 |
| Token Engineering Knowledge Commons | 10 | 1,789.9533796647900 |
| Index Wallets | 13 | 935.4065106603660 |
| Research on a Utility Token for TE Ecosystem | 10 | 544.1659649611980 |
| Tokenomics Design Space | 8 | 284.5061008505300 |
| Token Research Collaborative | 7 | 203.0902962266050 |
| DeFinomics Labs | 7 | 113.6041331513110 |
| Burn-and-mint tokenomics | 5 | 28.3796525776605 |
| Total | 44,083.9390183613 |
Next Round
We have already announced the following round of grants, with a similar configuration and matching size.
If you are a grantee interested in participating, or a project interested in sponsoring this or following rounds. Please reach out to us via discord or grants@tecommons.org
Any feedback on how can we improve is very much appreciated!
