As a researcher with extensive experience in the blockchain and decentralized finance space, I find Dora Factory’s latest announcement of the gas fee airdrop for $DORA tokens to over one million ATOM stakers an incredibly exciting development. The potential mobilization of the Cosmos community, known for its passion for decentralized governance, is a significant step forward in advancing public goods funding and democratic decision-making processes.
Singapore, SIngapore, June 6th, 2024, Chainwire
Starting on June 5, 2024, Dora Factory – a trailblazer in decentralized governance technology and public good financing – is distributing its native token, $DORA, for free to all stakers of the Cosmos Network’s ATOM cryptocurrency. Eligible recipients number over one million. This airdrop marks an invitation for the Cosmos community to engage in Dora Factory’s democratic funding model, known as the ATOM Economic Zone Quadratic Funding, on DoraHacks.io. With 1.04 million addresses pre-registered, the upcoming privacy voting round overseen by Dora Factory is poised to become the most significant Multiparty Computation with Input Privacy (MACI) voting event in history.
1.04 million ATOM stakers are eligible for the airdrop
Beginning on June 5, each ATOM stakeholder automatically received tokens of the native currency, $DORA, in their respective wallets. $DORA is the digital currency of Dora Vota, a decentralized voting platform and application chain created by Dora Factory, which operates under the Cosmos SDK framework.
The airdrop initiated by Dora Factory is among the largest ever, reaching out to over one million recipients. This initiative invites the active and engaged Cosmos community, recognized for its commitment to decentralized decision-making, to join in a significant exploration of public goods governance within our community.
Empowering Community with AEZ Funding and MACI Voting
As an analyst, I’d explain it this way: Following the airdrop, members of the Cosmos community now have the opportunity to engage in the ATOM Economic Zone (AEZ) quadratic funding initiative, which is a collaborative effort between DoraHacks, Dora Factory, and the ATOM Accelerator DAO. By utilizing ATOM, community members can cast votes for and contribute funds to public goods projects that resonate with them, support budding developers, and ultimately influence the allocation of resources from the 80,000 ATOM and $200,000 USDC matching pool across ten rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this round are stationed on the Dora Vota network, enabling users to utilize $DORA to cover gas fees in the process.
This campaign transcends just dispersing the incentive fund to initial projects and vital common assets in the Autonomous Executive Zone (AEZ) during the first round. It represents an endeavor to instigate community participation in funding public goods and fostering early-stage developers through democratic governance. The quadratic funding system amplifies the influence of modest contributions from the public, enabling them to make a significant impact.
MACI Voting With Enshrined Privacy
As a crypto investor, I’m excited about the opportunity to take part in Dora Factory’s MACI (Minimal Anti-Collusion Infrastructure) privacy voting. This innovative approach distributes a $20,000 USDC prize pool among selected teams, allowing me to cast my vote on public goods without disclosing my identity or address. Unlike conventional quadratic voting methods, this technique significantly enhances the privacy and security of my investment. Moreover, addresses with more ATOM staked will grant me more Voice Credits, amplifying my influence in the decision-making process.
Using MACI voting, Dora Factory intends to bring advanced, privacy-preserving voting solutions to the Cosmos network. This move signifies the first step towards incorporating robust, confidential, and collusion-resistant technologies into various governance applications in the future.
Dora Factory’s Dedication
To enable unhindered MACI voting for all members of the community, Dora Factory will activate Dora Vota’s built-in Gas Station feature, absorbing the costs of gas fees for the ensuing MACI voting event as per Dora Factory’s pledge to the community outlined in Cosmos Governance Proposal 917.
A Historical Community Governance Ceremony
As a crypto investor in Cosmos, I’m excited about the recent implementation of the quadratic funding module directly on Dora Vota for the Cosmos Hub. This development opens up significant possibilities for Cosmos to grow into one of the most substantial on-chain communities that fosters public goods. The initial phase of a two-year quadratic funding plan, scheduled to start in June 2024, has already attracted a multitude of impressive projects, eagerly waiting for the community’s engagement and backing.
The Largest Privacy-Preserving Governance Experiment
The introduction of MACI implementation in Cosmos signifies a pioneering move for the community, representing its initial attempt at privacy voting. Notably, over a million addresses have been added to the Dora Factory whitelist, establishing a new record for the largest whitelist and paving the way for an unprecedented MACI voting event. The Dora Factory team is thrilled to extend an invitation to the Cosmos community to be part of this memorable moment together.
About Dora Factory
As an analyst, I would describe Dora Factory’s unique role in the decentralized world by saying: “I’m part of Dora Factory, leading the charge in decentralized governance protocols. We provide long-term incentives and governance for global hacker communities, open-source projects, and decentralized organizations via Public Good Staking and Dora Vota. Our platform has revolutionized the funding model for developers in the PoS ecosystem through public good staking infrastructure. Furthermore, Dora Vota empowers users to create advanced governance mechanisms like MACI and quadratic voting, which significantly reduce the cost of decentralized governance and pave the way for its widespread adoption.”
To better understand and try the products of Dora Factory, users can visit DoraFactory.org.
Users can visit Dora Research Blog for more details: research.dorahacks.io
Contact
Contributor
Chris Lee
Dora Factory
winniedrinkwater@gmail.com
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2024-06-06 13:42