In an addition to the OlympusDAO Community Grants Program’s inaugural cohort, OlympusDAO is hosting their own Gitcoin Grants Matching Round to help fund open source projects in the ecosystem using Quadratic Funding. Quadratic Funding (QF) is the mathematically optimal way to fund public goods in a democratic community. With QF the number of contributors matters more than the amount funded, giving power to the majority and not the wealthiest. Gitcoin has run 12 rounds to date, raising $36 million for public goods, establishing QF as a powerful mechanism to support open source, bootstrap ecosystems, and share resources in an egalitarian manner.
The OlympusDAO Ecosystem Round is running as part of Gitcoin Grants round 13. This round will be held on gitcoin.co/grants and is open to all grantees who fit the eligibility guidelines. OlympusDAO Community Grants Program believes this is a fantastic way to let the community decide which grants deserve funding. The matching pool will be $50,000 and paid out in gOHM with a 10% matching cap, and self-curated curation method. Only donations during this round from March 9th to March 24th, 2022, will be counted towards the QF distribution of the matching funds.
As a result, for those who want to contribute to the fund and support from the community, we’ve prepared a brief guide on how to interact with Gitcoin using a Metamask wallet on Google Chrome.
A Simple Guide for Contributing to The Black DAO for GR13:
Create and fund your Metamask Wallet. See link below on getting started with Metamask.
Transfer from Metamask to Polygon to transact Faster and Cheaper.
See Link Below on Bridging Assets to Polygon.
Alternatively, Gitcoin also has support for zkSync with the same benefits of fast and cheap transactions on Metamask.
See the Link Below on Bridging Assets to zkSync.
As an organization dedicated to the funding and education of Black and African institutions across the African diaspora, The Black DAO is included in GR13 to support the launch, initial growth, and legitimization of our organization's platform and mission. This fund exists to enable the ongoing development of the platform, the formation of our liquidity pools (which will initially accompany 10% of the governance token supply, and assist in our expansion of the OHM ecosystem to encompass and support the growth of the Black and African cultural Web3 space.
Thank you all for your continued support!