Using Liberal Radicalism to direct $50K to Ethereum infrastructure projects We’re excited to announce our 2nd round of experiments with Liberal Radicalism. We have $50,000 to support 42 well known Ethereum projects, and we need your help to help us direct this capital.
We’re excited to announce our 2nd round of experiments with Liberal Radicalism. We have $50,000 to support 42 well known Ethereum projects, and we need your help to help us direct this capital.
Liberal Radicalism (otherwise known as ‘CLR’) is the matching algorithm to determine where the $50K will go. Instead of matching $1 for $1, CLR determines matching based on the square of the sum of the square roots of contributions received.
In practice, this formula values many small contributions to a project over a few big ones, and thus helps ensure that every donation matters a lot — no matter the dollar amount.
Last round (2/1–2/15), our $25,000 pool was matched with $13,242 in contributions from the community across 126 unique contributors.
Round 2 has $50,000 will accept a longer matching period from from March 5th through April 19th. Any contributions made during this six week period will be used to direct the $50,000 match.
Given a longer runway and a larger match, we have bigger goals for this period.
Anyone who contributes will receive a special Kudos, “Radical Contributor,” which will signify their contribution to the matching experiment.
This Kudos is limited to those who make acontribution to a grant.
A big thanks to our sponsors for this round, and we’re excited for more radical results!