Decentralized Governance Technology and Public Good Funding
Singapore, Singapore, June 6th, 2024
Dora Factory, a pioneer in decentralized governance technology and public good funding, has announced a notable event in the form of a gas fee airdrop of its native token, $DORA, to all ATOM stakers on June 5, 2024. Over a million addresses are poised to receive the $DORA token, with the airdrop initiative designed to engage the Cosmos community in the governance of the ATOM Economic Zone Quadratic Funding program on DoraHacks.io. This move by Dora Factory marks a significant milestone, with 1.04 million ATOM stakers being eligible for the airdrop.
ATOM Stakers Eligible for the Airdrop
The distribution of $DORA tokens to all ATOM stakers on June 5 has witnessed an impressive response. The $DORA token serves as the native token of Dora Vota, a decentralized governance application chain developed by Dora Factory using the Cosmos SDK. This airdrop, being one of the largest in history, aims to mobilize the Cosmos community known for its strong interest in decentralized governance.
Community Empowerment through AEZ Funding and MACI Voting
Following the airdrop, the Cosmos communities now have the opportunity to participate in the ATOM Economic Zone (AEZ) quadratic funding initiative. Collaboratively launched by Dora Factory, DoraHacks, and ATOM Accelerator DAO, this initiative allows community members to utilize ATOM to support public goods teams, early-stage developers, and contribute to the distribution of an 80,000 ATOM and $200,000 USDC matching pool across 10 rounds of AEZ Quadratic Funding and MACI voting. By leveraging smart contracts deployed on the Dora Vota network, the community can utilize $DORA to cover gas fees.
MACI Voting Ensuring Privacy
Dora Factory's invitation for community members to partake in MACI (Minimal Anti-Collusion Infrastructure) privacy voting is a strategic move towards ensuring privacy in voting processes. This method, unlike traditional quadratic voting, safeguards voters' identities while allowing them to express opinions on public goods. Address holders with higher ATOM stakes receive more Voice Credits, granting them increased voting power. Through MACI voting, Dora Factory aims to introduce advanced privacy-enabled voting technology to the Cosmos community, paving the way for secure and private governance practices.
Dora Factory's Commitment to Community
In its commitment to fostering community engagement, Dora Factory will implement the Gas Station feature within Dora Vota to cover all voting fees for the MACI voting round. This gesture reflects Dora Factory's dedication to community welfare as highlighted in the Cosmos Governance Proposal 917.
Advancing Community Governance
With the successful implementation of the quadratic funding module on Dora Vota for the Cosmos Hub, Cosmos stands to become a significant supporter of public goods through on-chain governance mechanisms. The initiation of the two-year quadratic funding plan for the ATOM Economic Zone sets the stage for engaging projects and garnering support from community members.
Groundbreaking Privacy-Preserving Governance Experiment
The incorporation of MACI voting as a privacy-preserving governance experiment is a significant step for the Cosmos community. Dora Factory's initiative to whitelist over 1 million addresses for MACI voting sets a record and signifies the largest voting experiment in MACI's history. This endeavor invites the entire Cosmos community to partake in a historic moment together.
About Dora Factory
Dora Factory stands as a leading player in decentralized governance protocol stacks, offering governance solutions and long-term incentives for the global hacker movement, open-source communities, and decentralized organizations. Through Public Good Staking and Dora Vota, Dora Factory has revolutionized public good staking infrastructure, facilitating long-term funding for developers within the PoS ecosystem. Dora Vota, with its decentralized governance platform, enables the creation of programmable governance mechanisms like MACI and quadratic voting, thereby reducing the costs associated with decentralized governance and advocating for its widespread adoption.
For more information and to explore Dora Factory's products, visit DoraFactory.org. To delve deeper into their research initiatives, you can visit the Dora Research Blog at research.dorahacks.io.
