There has been a rapid growth in the number of projects which are showing up on the Tezos ecosystem. Until now, most of the grants and support has been provided to the projects by Tezos Foundation, and other equivalent organizations. We believe that with Defi, Gaming, and various other spaces heating up on Tezos, it is about time we have a more robust grants platform which makes it easier for the funds to reach the right projects.
Enter, TezQF. A grants platform which is a close cousin of Gitcoin on Ethereum. With TezQF, we aim to optimize the whole process of matching fund distribution by:
- Having a managerial DAO at the center which governs the funding rounds and ensures that the projects listed on the platform maintain the integrity of the same. All decisions are taken on the basis of token voting.
- Instead of following a linear curve for voting and funds distribution, we integrate the concepts of quadratic voting and quadratic funding.
- In quadratic voting, instead of considering only the number of tokens in support for a decision, the number of voters is also factored in. In a similar way, for quadratic funding, besides the amount of contribution received by a project, the number of contributors is also factored in when calculating the match (this is then referred to as the CLR match).
- TezQF ensures that every project receives optimal funding based on its value and community reach.