# Proposal for Octant x Gitcoin QF Round

**URL:** <https://discuss.octant.app/t/proposal-for-octant-x-gitcoin-qf-round/303>\
**Category:** Public Good Projects Discussion\
**Created:** [May 27, 2024, 5:35pm UTC](https://discuss.octant.app/t/proposal-for-octant-x-gitcoin-qf-round/303 "2024-05-27T17:35:12Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Sov](https://dub1.discourse-cdn.com/flex005/user_avatar/discuss.octant.app/sov/32/178_2.png) [@Sov](https://discuss.octant.app/u/Sov)\
**Post date:** [May 27, 2024, 5:35pm UTC](https://discuss.octant.app/t/proposal-for-octant-x-gitcoin-qf-round/303/1 "2024-05-27T17:35:12Z")

</div>

Hi all! We just dropped our application for the **[Public Goods Ecosystem Collaboration Proposal](https://app.charmverse.io/octant-community-fund/proposals/new?template=ebf3e8c3-5012-4c3a-96ad-d4a5a9b8113f)** and we are excited at the possibility to collaborate on running a round for our shared communities.

I am including here an outline of our application for the community to see. I am happy to help with any questions or comments.

Thanks for your consideration!

-=-

**1. Introduction and Background:**  
Gitcoin, a pioneer in supporting open-source projects and decentralized communities, proposes a strategic partnership with Octant to implement a Quadratic Funding (QF) round. This initiative targets teams funded by both Octant and Gitcoin, focusing on developer tooling and Web3 infrastructure projects from the recent GG20 round.

**2. Problem Statement:**  
There is a need for sustained support of impactful projects in the web3 space. Many innovative projects struggle with ongoing funding and community support, hindering their development and impact.

**3. Goals and Objectives:**

- **Primary Goal:** To foster innovation and growth in the web3 ecosystem by funding impactful projects.
- **Specific Objectives:**
  - Support projects that have shown significant contributions to the web3 ecosystem.
  - Encourage community engagement and support through a matching funding mechanism.
  - Strengthen the collaboration between Octant and Gitcoin.

**4. Project Plan:**

- **Funding Overview:**
  - Gitcoin will match 1 ETH for every 1 ETH contributed by Octant, up to 15 ETH.

- **QF Mechanism:**
  - **Description:** Quadratic Funding democratizes financial support, empowering the community to back the projects they believe in. This approach emphasizes the importance of broad community support, making it a highly inclusive funding model.  
Implementation:\*\* Run a QF round to select projects aligning with Octant and Gitcoin’s objectives, amplifying community contributions through a matching mechanism.

- **Project Selection:**  
Criteria:\*\* Projects must be previous Octant and Gitcoin grantees and focus on developer tooling and/or Web3 infrastructure.
  - **Application Process:** Transparent and detailed application process to ensure fairness in project selection.

- **Community Involvement:**
  - **Engagement:** Encourage community participation in the funding process.
  - **Voting:** Community contributions will determine fund distribution using the quadratic funding formula.

- **Timeline and Milestones:**
  - Detailed timeline for application, selection, funding distribution, and project reporting phases.

**5. Budget and Financial Plan:**

- **Total Matching Pool:** Up to 15 ETH from Gitcoin, with Octant contributing at least 1 ETH for each matched ETH.
- **Breakdown of Funding Allocation:**
  - QF matching pool distribution based on community voting and project impact.

**6. Evaluation and Metrics:**

- **Impact Measurement:**
  - Number of projects supported.
  - Community engagement metrics.
  - Long-term benefits and sustainability of funded projects.

- **Criteria for Success:**
  - Demonstrated community benefits and impact.
  - Achievement of project milestones.
  - Positive feedback from the community and stakeholders.

**7. Sustainability and Future Plans:**

- **Long-Term Viability:**
  - Ongoing monitoring and support for funded projects.
  - Strategies for ensuring projects continue to deliver value to the community.

- **Future Collaboration:**
  - Plans for future QF rounds and other collaborative initiatives between Octant and Gitcoin to further support the Web3 ecosystem.

### Action Items:

1. **Approval:** Seek Octant’s approval for the QF matching proposal.
2. **Planning:** Collaboratively define the criteria, application process, and timeline.
3. **Execution:** Launch the QF round with transparent management and oversight.