I helped lead the product and operations of the Streaming Quadratic Funding (SQF) pilot.
What is SQF? SQF is a new implementation of quadratic funding that is funded and distributed in real-time. SQF’s continuous structure enables open-ended quadratic matching “rounds.” This structure can relieve pressure to consolidate grantee/donor activity into grueling two-week sprints (we’ve all been there), support high-conviction donor-grantee relationships (think supercharged Patreon), and provide grantees with immediate, more predictable capital so they can focus on impact.
The Geo Web, Superfluid, and Gitcoin Allo implemented SQF as a proof-of-concept Allo V2 Strategy: https://github.com/allo-protocol/allo-v2/tree/main/contracts/strategies/_poc/sqf-superfluid. Its first use case is to allocate the Geo Web’s partial common ownership land market funds (and other grant funds) at https://geoweb.land/governance. The pilot is live on Optimism and runs from February 21 to April 21, 2024.
We believe that SQF is a prime example of an innovative, community-initiated project that can help drive Gitcoin’s network effects and public good impact. The strategy, UI, and supporting tooling are open-source and intended to mature into broad use! SQF uses onchain Passports that generate direct revenue for Gitcoin (until that group spins off?).
My Contributions
- I wrote the SQF product requirements document to initiate the project and managed the specs/requirements to completion.
- I created the initial UI designs in Figma.
- I was the primary user tester and documentation writer.
- I was the project hype man writing the launch blog post, Twitter thread, and multiple grant proposals to increase the matching pool funds(1 big success!).
- I gave a talk about SQF at ETHDenver and another at GreenPill Network side event.
- I’ve continued to demo SQF and shared how Allo v2 can be used in new allocation strategies on community calls like RadicalxChange, OP Community Demo Day, and RegenLearnings.
Project Impact
- We went from launching a far-out idea one week to being highlighted as an allocation strategy for the Gitcoin 2.0 Vision in the very next one.
- Our launch Tweet thread has been viewed 29k+ times and retweeted 49 times. Our Twitter space has been listened to 324 times and counting.
- As of writing, there are 42 direct donation streams and 4 third-party streams to the matching pool in the pilot round. You should go open a stream right now too :)
- We’re supporting Allo v2 use and experimentation. The SQF pilot is the first strategy/pool to be deployed to Allo v2 on Optimism.
- We’ve received extremely strong validation and support for the project. It’s too early for stats on forks, other SQF rounds, etc, but they’re coming!
Graven Prest - Streaming Quadratic Funding Product/Ops History
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accepted into Gitcoin Citizens Retro Round #3 7 months ago.