Injective Grant DAO Round 1
Outline
The final ranking will be visible at https://dorahacks.io/injective/1/top
0 - Please make sure you have enough INJ tokens for voting and gas fee before proceeding.
1 - Check out the projects and vote via DoraHacks: https://dorahacks.io/injective/1/
2 - Click “Add to cart” to select projects you wish to support. A pop-up notification will ask you to connect to your wallet (Keplr/Metamask) in the cart.
3 - Adjust the amount you want to vote. 1 vote will cost 0.01 INJ while you can give multiple votes. INJ you spend will be direct contribution to the projects you support. 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 review the current project rankings on the via the leaderboard.
5 - Feel free to join the #flex-your-vote on Discord: https://discord.gg/JE5N2Ucj6s to interact and network with other voters!
The Injective network supports Ethereum accounts for signing, you can make transactions using the MetaMask wallet.
You can get your Injective network address at https://hub.injective.network/. (1 vote costs 0.01 INJ. Make sure you have sufficient $INJ balance and gas fee in your wallet.)
In this voting round, vcDORA holders have more voting power than usual voters. The added weight depends on the real-time vcDORA balance when the holder votes.
Added weight = Log2(vcDORA+2)(realtime vcDORA counts)
For example, if you have:
- 0 vcDORA, Added weight = log₂(0+2) = 1 vote given (so no weight added when you have 0 vcDORA)
- 6 vcDORA, Added weight = log₂(6+2) = 3 votes given
- 1022 vcDORA, Added weight = log₂(1022+2) = 10 votes given
After staking DORA and making sure you own vcDORA(>0), when your wallet is connected, you will see the vote amplifier as follow. (The wallet to vote via INJ and to hold vcDORA should be the same one.)
Meet other multi-chain contributors at DoraHacks today: https://discord.gg/JE5N2Ucj6s
Let’s level up your voting profile!
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:
For more information, please read vcDORA - Governance Voice Credit for Open Community Grant DAO(s) by Eric Zhang, Founder of DoraHacks.
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 $INJ, which is directly donated to the respective projects after the round. 1st vote costs 0.01 INJ, and Nth vote costs 0.01*N INJ. So what a BUIDL team can earn from a community funding grant includes:
The final ranking will be visible at https://dorahacks.io/injective/1/top
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 would like to verify the validity of your votes, you can view your voting history via block explorer.
3. Can I use bots to mass vote for some project?
Absolutely 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 receives the $INJ I paid?
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:
If you encounter problems that can’t be resolved during voting, please contact us on https://discord.gg/JE5N2Ucj6s.
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 is not responsible for any adverse consequences.
Due diligence will be conducted on the eligibility of every round grantee from Injective Grant DAO, and DoraHacks reserves the right to revoke or adjust grants.
If you have any questions, please contact us on Discord. We value your input and look forward to staying in touch!