Name of Project: Project Funding Models
Proposal in one sentence: Simulations of economic models to fund AI start-up projects.
Description of the project and what problem is it solving:
A problem facing many DAOs including Algovera is how to incentivize investment in new web3 projects. There are several innovative mechanisms to solve this problem, such as quadratic funding and augmented bonding curves but it can be difficult to know which mechanism to use. We will make simulations of these mechanisms using cadCAD in order to explore funding models for Algovera projects. Similar to the Commons Stack, this will allow exploration of the parameter space.
The output of our work will be a blog post that explains our findings.
- Grant Deliverable 1: Simulations of economic models using Algovera and Ocean Protocol parameters
- Grant Deliverable 2: Blog post on optimal mechanisms and parameters (with visualizations)
Funding Requested: $1000