• Voting and prize pool distribution will run on the smart contract: 0xfdc62aa0a9312cb856c50f7b81a8108c19498b4c832f8f32ddd4860ae4a38977

Quick facts

• Voting period: From April 1st to April 22nd
• Ensure you have an active Martian/Petra/Pontem account with a sufficient $APT balance for the gas fee. Each contribution’s influence is calculated based on the weighted amount in the algorithm: 0.1 APT (1 vote) counts as 1 vote, 0.2 APT counts as √2 votes, and n*0.1 APT equals √n votes.
• vcDORA(>0) can add weight to your votes.
• For mobile voting, please copy the page link and open it within Martian/Petra/Pontem’s in-app browser. See the “Mobile User Voting Guide” tab for step-by-step instructions. Note: Martian Wallet has no official release on iOS or Android. Please use via browser extension to keep your assets safe.
• For CIF (Community Incentive Fund), continue reading to learn more about the details.

Timeline

• Project Submission: The submission portal is always open. Projects submitted by March 5th, 2024, will be considered in this round of judging and funding.
• Judging for Finalists [Round 5]: March 21st - March 28th, 2024.
• Project demo: March 29th - March 30th
• Community Voting [Round 5]: April 1st - April 22nd
• Judging for Grantee Tiers [Round 5]: April 15th - April 22nd
• Grace Period for Anti-Sybil Attack Check: April 23rd - 27th
• Results Announcement: April 28th

How to Vote: A Step-by-Step Guide

0 - Before starting, ensure you have sufficient APT tokens for voting and covering gas fees.

1 - Check out the projects and vote via DoraHacks: https://dorahacks.io/aptos/round-5/

2 - Click “Add to contribution cart” to select projects you wish to support. A pop-up notification will ask you to connect to your wallet (Martian/Petra/Pontem) in the cart.

3 - Adjust the amount you want to vote. Each contribution’s influence is calculated based on the weighted amount in the algorithm: 0.1 APT (1 vote) counts as 1 vote, 0.2 APT counts as √2 votes, and n*0.1 APT equals √n votes.

At the same time, the vcDORA balance will also appear in the cart to show how the votes will be amplified.

4 - Confirm your votes; they will be recorded on-chain. You can then review the project rankings on the leaderboard.

5 - Feel free to join the #flex-your-vote on Discord: https://discord.gg/JE5N2Ucj6s  to engage with the community!

How to add voting weight

1 - Make sure you have staked DORA and have vcDORA in your wallet.

2 - Go to Settings https://dorahacks.io/settings

Click “Link Multichain Address” to connect your APT(e.g. Martian/Petra/Pontem) wallet address with the ERC20 address. (If you don’t have an ERC20 address linked to your account, please link this address first.)

3 - Now you can proceed with voting for Aptos Grant DAO grantees.

Votes cost APT. When your ERC20 address is connected to your Aptos wallet, you will see the vote amplifier as follows.

vcDORA to add voting weight

In this voting round, vcDORA holders will have more voting power than usual voters. The added weight is determined by the real-time vcDORA balance at the time of voting:

Added Weight = log₂(realtime vcDORA counts+2)

For example:

• With 0 vcDORA, Added weight = log₂(0+2) = 1*vote given (there's no added weight as the formula equals 1.)
• With 6 vcDORA, Added weight = log₂(6+2) = 3*votes given
• With 1022 vcDORA, Added weight = log₂(1022+2) = 10*votes given

Once you've staked DORA and have vcDORA(>0), the vote amplifier will show up when your wallet is connected.  (The wallet to vote via APT and to hold vcDORA should be the same.)

vcDORA: Governance Voice Credit for Open Community Grant DAO(s)

Dora Staking: a way to participate in the governance of Dora grant communities. By staking $DORA at https://dao.dorahacks.io/#/stake, a staker will receive a corresponding amount of vcDORA as the governance credit on DoraHacks.io

vcDORA: short for “voice credit Dora”, a community governance credit generated through  Dora staking.

vcDORA is the non-transferable voice credit for DORA community governance, and the amount of vcDORA associated with an address is related to the amount of DORA staked the duration of staking and time elapsed since the initial staking date.

Features of vcDORA include:

• Decaying spontaneously: during the period of staking, the amount of vcDORA one holds will decay linearly until the end of the staking period.
• Upon completing staking, check out your vcDORA balance at a specific date at https://dao.dorahacks.io/#/mine
• Non-transferable: vcDORA is designed to grant the governance credit to the stakers (the staking addresses), therefore it’s exclusive (or in the popular terms “soul-bound”) to the staker and is not allowed to be transferred.
• Irrevocable: Staking is not allowed to be cancelled because it’s based on interactions with a smart contract, but you may increase the staked amount or extend the period for additional vcDORA.

For more information, please read vcDORA - Governance Voice Credit for Open Community Grant DAO(s) by Eric Zhang, Founder of DoraHacks.

Community Incentive Fund (CIF)

With the kickstart of Aptos Grant DAO Round5’s quadratic funding round on April 1st, DoraHacks is excited to initiate Community Incentive Fund (CIF), a non-discriminatory voter incentive program to encourage contributions to Aptos’ (and later more ecosystems’) public goods/early-stage projects, to provide 60 million GUI token and 3 popular Aptos NFTs as voter incentives for this round.

The CIF aims to redefine the essence of public goods funding by adhering to the philosophy that "fun public goods funding is true public goods funding.", providing MEME tokens/NFTs as contributor incentives. This approach seeks to infuse a fresh and dynamic spirit into supporting public goods and early-stage projects within the Aptos ecosystem and potentially beyond in future rounds.

In an exciting opportunity for participants, voters in this round will share amongst the rewards of 60 million GUI tokens. Additionally, as an added incentive, three voter addresses will be chosen at random using a device-independent quantum random number generator, DI-QRNG, to each win an NFT — specifically, a Bruh Bears NFT, an Aptos Monkey NFT, and an Aptos Creatures NFT. For any questions on CIP and Aptos Grant DAO Round 5, please join this support chat.

Why You Should Vote?

• Contribute to the Aptos ecosystem
• Incentivize blockchain builders & support entrepreneurship
• Impact the allocation of the 2000 APT Matching Fund Pool
• Meet other multi-chain contributors at DoraHacks today: https://discord.gg/JE5N2Ucj6s

What’s Next?

• Join us on Discord for future updates.
• Follow DoraHacks on Twitter and YouTube to receive DoraHacks news, new video uploads, premieres, and live streams on hackathon workshops and project demo sessions.

Let’s level up your voting profile!

What is Quadratic Funding? How does it work?

Quadratic Voting is a voting scheme introduced and often discussed in the Radical Markets community. It is often considered an innovative improvement of the traditional 1-person-1-vote or 1-dollar-1-vote voting schemes.

The votes cost $APT, which is directly donated to the respective projects after the round. Each contribution’s influence is calculated based on the weighted amount in the algorithm: 0.1 APT (1 vote) counts as 1 vote, 0.2 APT counts as √2 votes, and n*0.1 APT equals √n votes. So what a BUIDL team can earn from a community-funded grant includes:

• APT from the voters used to support a particular BUIDL;
• Builder's Grants - Fixed Grant Portion, Total of 4000 APT
• QF pool - Total of 2000 APT

The wallet to vote via APT and to hold vcDORA should be the same one. The final ranking will be visible at https://dorahacks.io/aptos/round-5/top

Frequently Asked Questions

1. What if I encounter problems during the voting process?

DoraHacks.io provides voting support on Discord or Telegram.

2. Can I see my voting history?

Voting history is unavailable for voters at the moment. However, BUILDERs can view your address at the end of the hackathon. If you want to verify your votes' validity, you can view your voting history via Block Explorer.

3. Can I use bots to mass vote for some projects?

Don’t do this. Botting and other ways of cheating will be detected by our anti-Sybil attack mechanism, which is why a grace period (3-5 days) is being implemented. Please keep in mind that botting will NOT give your supported projects any advantage or affect the distribution of the Matching Fund Pool.

4. Who will receive the $APT I donated?

The votes (or “donations”) will go directly to the projects.

5. Why can’t I vote?

Invalid voting may occur for multiple reasons, please ensure that you:

• Own a sufficient amount of $APT (for voting and gas fees) in your wallet.
• Are connected to DoraHacks.io: You should be notified with a pop-up page on your wallet that asks for authorization to connect with DoraHacks. Once you authorize the action, your account number should appear in the voting interface.

If you encounter problems that can’t be resolved during voting, please contact us at https://discord.gg/JE5N2Ucj6s.

Risk Notifications

Please be aware that DoraHacks' smart contracts handle the arrangement and transfer of donated funds, conduct quadratic funding algorithms, and distribute contribution funds to favoured projects. While administrators make efforts to verify project validity, the website cannot guarantee authenticity, legality, or validity. Exercise caution and vote rationally. DoraHacks shall not be held accountable for any unforeseen negative outcomes.

Due diligence will be conducted on the eligibility of every round grantee from Aptos Grant DAO, and DoraHacks reserves the right to revoke or adjust grants as needed.

If you have any questions, please contact us on Discord. We value your input and look forward to staying in touch!