Digital Salon with Vitalik Buterin: Mechanism Design in Political Theory
Palladium Podcast
00:00
The Quadratic Funding Mechanism
The basic idea behind e quadratic funding ray is that it's this mechanism where anyone can indof announce that they have jects and ther their project is a public good. And anyone has the ability to contribute to projects. So if you have a project that has two or more people contributing, there is a subsidy that gets at it on top. That subsidy goes off the more money the people donnate, and that subsidy goes up quadratically.
Play episode from 31:14
Transcript
