The Polygon Grants Hackathon powered by DoraHacks will be moving into its next phase of Community Quadratic Voting from October 1st, 2021- October 29th,2021.
The voting consists of a unique quadratic funding mechanism that not only signals your support but also contributes to retroactive public goods funding. We call out to the Polygon community to support your favorite projects by casting your vote.
By getting involved in the quadratic funding/voting process, you not only help support and put an early bet on these projects in their early days but also help support and contribute to the overall growth of the Polygon ecosystem.
Quadratic Funding is an optimal way to fund public goods in a community. It amplifies the donations made by a large community over the contributions made by a small group with big pockets. In simple terms, the amount received by the project is the amount donated. An additional amount is matched by the grant pool, which is calculated using the quadratic funding formula. Voting will happen on the Polygon network, and MATIC will be used as the native currency to support the projects, which will be matched from a grant pool of $50k.
How to get involved in voting for and funding the next generation of native Polygon projects?
Enter the Grant BUILDS page to choose the project you want to vote on.
Here you will find all the projects BUIDLing in the hackathon. Now it’s your chance to vote for them by donating some amount of MATIC that represents how much you support that project (determined by a quadratic voting algorithm).
You can click on any project and view more details about it, or you could just click “Vote” to vote for the project. Upon clicking ‘Vote’, a dialog opens up. In this dialog box, connect your MetaMask (make sure you’re connected to Polygon) to the site.
Click Confirm and Approve the transaction from your wallet so that your votes are cast!
Connect your wallet and enter the votes you want to give. The Nth vote will cost N*1 MATIC, so if you’re going to give 3 votes, you need to give 1+2+3=6 MATIC.
There you have it! You have successfully contributed to the growth of Polygon by voting in the Polygon Grants Hackathon!
You can even view a real-time leaderboard of the projects during the voting period here.
Hacker Registration & Project Submission: August 30th — Oct 22, 2021
Voting period: October 1 — October 29
Judge Voting: October 23rd — October 29th
Frequently Asked Question
1. Can I see my voting history?
For voters, the voting history is not available at the moment. But the project you voted for can still get your address at the end of this hackathon.
2. Can the project with more votes get a bigger share of the prize pool?
Popularity is the basis of the distribution of the prize pool for the Quadratic Funding mechanism. Basically, if a project gets support from more VOTERS (rather than votes), it will get more prizes at the end of the hackathon.
For example, a project with 10 votes from 10 voters gets more than a project with 10 votes from less voters.
3. Where will the MATIC I pay go?
The votes (or we call “donations”) will go directly to the project and its owner.
Support for your favorite projects by casting your vote today.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 700+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
DoraHacks is a global Hackathon organizer and one of the world’s most active developer communities. HackerLink (https://hackerlink.io/en) is DoraHacks’ open-source developer platform and open source curation market. HackerLink provides unique on-chain tools to incentivize open-source developments around the world. The platform is offering features including hacker profile, BUIDL, quadratic funding grants, bonding curve, bounties, Hackathons to more than 100,000 users around the world.
EY, a global professional services and technology firm, is collaborating with Polygon on building and implementing scaling and enterprise solutions for the Ethereum ecosystem. As part of this collaboration, EY and Polygon will work on Polygon Nightfall, a public, privacy-focused Rollup. In addition to this, EY will offer its other flagship blockchain products on Polygon […]
The Protocol team was recently established at Coinbase to work on scaling Ethereum through integration with L2 and other ETH scaling solutions. The Coinbase team plans to integrate Polygon PoS as their first scaling solution for Coinbase. The Coinbase Protocol team is an experienced group of engineers at Coinbase focused on contributing to scaling blockchains and […]
We are proud and excited to announce that Hermez, one of the most prominent zero-knowledge (ZK) cryptography-based scaling projects and teams, will be joining Polygon. Starting today, we will initiate the process of merging Hermez into the Polygon ecosystem, where it will be operating under the new name: Polygon Hermez. Polygon Hermez will become a part of […]
Polygon is the biggest crypto project to be born out of India and is today one of the most adopted blockchains in the world. The project is very popular with developers and users alike, with 1200+ Dapps deployed and the highest daily active user count in the web3verse.. To further promote Web3 technology and culture […]
Now there’s an easy and low-cost way to gain exposure to top Polygon-native projects, including Quickswap, DFYN, and Aavegotchi, via a single token Amun, a leader in DeFi index products, today announces the launch of the Polygon Ecosystem Index (PECO) token. Available through the Amun Platform, the PECO token is an index of the top […]
We have covered the pace of growth of the Polygon ecosystem with blogs such as OpenSea, and our Polygon User in Numbers. Today, we will look at the overall growth of the Polygon developer ecosystem. Alchemy, a leading blockchain developer platform, is able to take a birdseye view on teams building on a number of […]