The problem Progress Pool solves
Most hackathon projects die. Progress Pool is a new funding mechanism that rewards those pursuing their projects beyond the hackathon weekend.
Example:
- Organizers allocate a percentage of hackathon bounties (e.g., 10%) to a future pool
- After 90 days, participants submit proposals demonstrating project progress
- Evidence includes GitHub commits, Twitter marketing, etc.
- 30-day community voting period with tokens for all participants (hackers, speakers, organizers, sponsors)
- Approved proposals receive an equal percentage of the future pool
- Applicable beyond hackathons: grant programs, startup accelerators, open-source funding
We talked to the Cohera team, who also hack here at ETHPrague, and we got an idea to integreate our protocols to promote sustainable funding and development.
|https://devfolio.co/projects/cohere-83ac
Challenges we ran into
Deployment on some chains was buggy at times. Hosting on NEAR BOS was a new experience and we needed to adjust our normal workflow quite a lot.