Cosmos Hub approves $1 million grant to Dora Factory

One of the most significant events in Cosmos is the recent adoption of Governance Proposal 917, which included a request for a $1 million grant from the Cosmos Hub community treasury by Dora Factory and DoraHacks. This grant will support ten rounds of quadratic funding in the Cosmos Hub ecosystem over the next two years.

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As one of the largest treasury fund applications, this proposal has sparked extensive debate within the Cosmos community and has received great support. Over $1 billion worth of ATOM voted in favor, including major validators and core Cosmos participants. The approval rate reached 91.9%, making Gov Proposal 917 the proposal with the highest approval rate in Cosmos Hub's history.

Following the approval of this proposal, Dora Factory, in cooperation with DoraHacks, officially announced its second AEZ (ATOM Economic Zone) quadratic funding program, launching its first long term funding initiative. This quadratic funding program will cover two years, starting on May 15, 2024 and ending in May 2026. The adoption of Government Proposition 917 brings local quadratic funding to the Cosmos Hub for the first time.

What is public goods financing?

Public goods finance is a frequently discussed concept in the Web3 industry. In general, public goods refer to goods or services that are available to everyone.
Public goods in crypto; Blockchain infrastructure can include storage, developer tools, software middleware, and user-facing applications such as block explorers, data dashboards, and wallets.
Due to their transparency and verifiability features, crypto and blockchain are ideal tools for financing public goods.

However, web3 public goods financing also faces numerous challenges**:

• Lack of coordination between the various parties involved in the financing of public goods (foundations, institutions, DAO, developers, and communities).
• Lack of sustainable and effective financing mechanisms.
• The perception that public goods financing is often uninteresting.

Enter Dora Factory, which strives to build an infrastructure that enables the large-scale adoption of public goods finance.

Dora Factory: Infrastructure targeting public assets

Dora Factory is a leading decentralized governance infrastructure and multi-chain public goods funding protocol stack incubated and supported by DoraHacks, the industry's developer and public goods funding platform. Its products include Public Domain Staking infrastructure and Dora Vota, a voting and governance implementation chain designed to empower the global Hacker Movement, open source communities, and DAO.

Multi-chain quadratic finance: Bringing communities and ecosystem builders together

What is a quadratic funding? Through native token donations, token-holding communities can support high-quality early-stage projects and public goods in various ecosystems and foster better collaboration between foundations, communities, and developers.

As the first and only team in the industry to develop and advocate for this approach, Dora Factory is a true leader in multi-chain quadratic funding. BNB Chain has successfully implemented native quadratic funding in numerous mainstream crypto ecosystems, including Solana, Polygon, Aptos, Cosmos Hub, Injective, and Avalanche.

Staking in public goods: Securing sustainable financing from public goods

In late 2022, Dora Factory introduced the concept of Public Domain Staking. By operating underlying infrastructure, such as validators, they earn native block rewards, which are constantly used to fund multi-chain developers and public goods ecosystems.
By incentivizing public domain staking on the mainnet and testnet of more than 30 ecosystems, Dora Factory has raised over $400 million in TVL (Total Value Locked) and raised up to $10 million in sustainable annual funding.

In the future, Dora Factory will explore ways to use cryptocurrency to fund cutting-edge areas of technology, such as space technology, quantum computing, artificial intelligence, and biomedical research.

Community incentive funding: Making public goods funding more fun

Dora Factory launched the Community Incentive Fund to make the process of funding public goods more engaging and fun. Top meme and NFT projects such as Celestia's Celestine Sloth Collection, Injective Ninja, Aptos Gui Inu, and Aptos Monkeys have become partners of the Community Incentive Fund. Through retroactive airdrops and gamified donations, these projects have brought more fun to public goods funding, receiving contributions and donations from nearly 100,000 unique addresses in different communities.

Anonymous minimum anti-cheat infrastructure (aMACI): Bringing privacy technology to on-chain public goods governance

MACI is a cryptographic technology designed to maximize the detection and elimination of collusion in voting. In 2022 and 2023, the Dora Factory team collaborated with ETHDenver, 0x, and OpenSea to bring privacy voting to crypto hackathon. MACI has significantly improved privacy and reduced collusion in on-chain governance and voting.

In 2024, Dora Factory launched aMACI, adding voter anonymity to eliminate collusion between the initiator of voting and the operator. This further enhances privacy and lowers the threshold for use of MACI voting. This is an important step towards future large-scale decentralized voting systems.

Dora Vota: Open infrastructure for financing public goods

Dora Vota is a multi-chain governance and voting infrastructure. It will provide modular voting and governance infrastructure, such as interoperability protocols such as Vota and IBC, plug-and-play quadratic funding modules, and grant distribution mechanisms. As the first permissionless app chain focused on scaling on-chain voting, Dora Vota will offer developers a valuable playground, unlocking more possibilities for public goods funding and decentralized community governance.

It recently secured strategic funding from angel investors such as Dora Factory, dao5, Whampoa Digital, and EigenLayer co-founder Calvin Liu. This is the first strategic round in a new series of funding since Dora Factory's $17.5 million raise in 2021.

As Dora's Public Good Staking grows and Vota's ecosystem matures, the team believes that Dora Factory will continue to explore new solutions to traditional financing inefficiencies and accelerate the maturity of governance and public goods financing in the multi-chain ecosystem.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.