Vitalik Buterin and Glen Weyl propose that Quadratic voting can be used to efficiently determine the value of a public good, which can then guide the disbursement of philanthropic or public funds. Matt Clancy gave this notion a great name: “Optimal Kickstarter.”
GitCoin has experimentally implemented this procedure using funds provided by the Ethereum Foundation.
clr.fund aspires to implement this mechanism permissionlessly.
GitHub - gitcoinco/quadratic-funding: This is an open source implementation of quadratic funding, a design for philanthropic and publicly-funded seeding, which allows for optimal provisioning of funds to an ecosystem of public goods.
Buterin, V., Hitzig, Z., & Weyl, G. E. (2018). Liberal Radicalism: A Flexible Design For Philanthropic Matching Funds. SSRN. https://dx.doi.org/10.2139/ssrn.3243656
Clancy, M. (2020, May 14). Optimal Kickstarter. https://mattsclancy.substack.com/p/optimal-kickstarter