from Diary 2024-05-03
I've been wanting to experience Quadratic Funding with Gitcoin for a while, and I just saw a call for Gitcoin Grants 20, so I'm going to try it.
0xtkgshn We're about 15th now, if anyone with a crypto in Arbitrum can help! 5 more days to go!
digdaox Gitcoin Grants 20 started We are participating in a Gitcoin donation round to help facilitate the creation of an environment that supports digital public goods. We are currently developing a tool for financing public goods using QF, and would love your support! Click here to donate (donation period: 4/23-5/7)
I'll put it in my cart for now.
Hmm?
You put it in your cart and then decide how much you want to pay for it.
How much is 1ARB?
1 ARB is about a dollar.
If I donate $1, I get about $21 from the matching fund.
If you pay 16 times, you get 4 times $84, and if you pay 100 times, you get 10 times $210, which is how Quadratic Funding works.
Try to connect the Wallet
Well, I don't have an ARB, so that's what I'm going to do.
Is this the right network to begin with? It doesn't look good.
nishio I got as far as adding it to my cart, but I'm not sure how to get Arbitrum from where to where! (exchange it for ETH or something at some DEX and then somehow put it into the Arbitrum chain?) yudai007004 As for me, I'm using [Arbiturm's bridge https://bridge.arbitrum.io/? destinationChain=arbitrum-one&sourceChain=ethereum], move ETH from Ethereum (or other) to Arbiturm, and swap (ETH -> ARB) using DEX (Uniswap for example). I was able to do it! nishio Thanks for the info! I will try it!
What is a bridge... Access for now
While we're waiting.
What is Arbitrum, Arbitrum One, Arbitrum Orbit, bridge
? Search and explain in Japanese.
This section describes Arbitrum, Arbitrum One, Arbitrum Orbit, and the bridge.
Using these technologies, Arbitrum strongly supports the development of highly customizable and scalable distributed applications (dApp). In addition, with Orbit, projects can have their own application-specific chain, providing additional performance and governance control.
It said to wait 15 minutes, but it took less than 15 minutes to SETTLE.
So, now that we have moved ETH (Token) from Ethereum (Network) to Arbitrum One (Network), we need to exchange ETH (Token on Arbitrum One) for ARB (Token on Arbitrum One).
Connect MetaMask to [Uniswap
I know, I know, this is the place. (I had a lot of trouble with the UI the first time I saw it, so I know what I'm talking about.)
Switch to Arbitrum
Eh, I don't know.
It is important to validate custom network information in MetaMask when using Arbitrum One; when adding a custom network to MetaMask, please review the following information carefully, especially
If inaccurate information is displayed, or if MetaMask warns you that something is wrong, it is recommended that you take the following steps to verify the correct information:
From these sources, you can determine if the network is legitimate and trustworthy and if the information provided is accurate. If uncertain, it is wise to refuse to add the network, investigate further, and retry later.
Chainlist first time I heard of it.
https://chainlist.org/?search=42161
Could it be that the name has changed from Arbitrum to Arbitrum One?
View Official Documentation
So, what was it?
Oh yeah, Uniswap.
Balance: 0.01, correct.
Let's make them all ARBs.
Oops, not enough for fees.
dried young anchovies (or sardines)
It's done.
Arbitrum Transaction Hash (Txhash) Details | Arbiscan
Let's see, so what was that about? Gitcoin+DigDAO
I'll put 16ARB in Dig DAO as planned for now.
Connect MetaMask
I think I can Submit!
I was able to do it!
This is what happens when you press Share on X
https://explorer.gitcoin.co/#/contributors/0xd50c28f7Cda33859DFD34Bbab518cD50AcD5d610
Oh, so this is how it's going to be.
Put the rest in [DeSci Tokyo
Where do I see how much the remaining ARB is...?
If you know it's not enough, you know how much is left, show me.
11.8, maybe.
Oh, it's an integer, then 11. I'll be left with about $100 worth, but it can't be helped.
It's done.
Where it was a little unexpected.
If I put $16 in DigDAO and got +$83, I thought I would get less Estimated Match if I put $11 in DeSci Tokyo, but unexpectedly I got $322!
I thought it was a mystery, but then I looked at Donation History.
Since the rounds were divided like this, I'm guessing the matching pool is divided as well.
Is DeSci's matching pool larger or is there less competition compared to dApps & Apps?
Where would I find out?
Here or there(Top page)
Comparison
DeSci's matching pool is not large, but there are few projects
Statistics
dApps
DeSci
calculation
dApps
DeSci
dApps: Total Crowdfunded 130K USD is 36k Donations, so 3.6USD per one
DeSci: Total Crowdfunded 5467 USD is 470 Donations so 11.6 USD per
Assuming the shape of the distribution is the same.
sqrt(3.6) * 36000 == 68305.197459637
sqrt(11.6) * 470 == 1600.7623183970816
DeSci is 43 times more influential than DeSci, even with the same amount of donation, taking the ratio of
On the other hand, the matching pool is 12 times smaller for DeSci, so
As a result, the money DeSci gets from the matching pool when donating the same amount is 3.6 times larger
Actually it was 4 * 21 for 16ARB(4^2) and 3.3 * 97 for 11ARB(3.3^2), so
97 / 21, or roughly 4.6 times
Well, I guess it's an order of magnitude, but DeSci's distribution is more skewed because of the smaller number of participants, so the sum of votes after taking sqrt is smaller, so the percentage of votes you get for the same amount of donation will be larger.
I can see why collusion is a problem. I spend about 1,500 yen, and the donated person gets a little less than 50,000 yen. So what happens if I say, "I'll kick back 10,000 yen and you do this procedure," and there are people who will do it? I honestly didn't expect to get so much matching funds. If the ratio is 100 yen for 2,000 yen, 1,600 yen for 8,000 yen, or 10,000 yen for 20,000 yen, it is too small to split the 2,000 yen, and if you spend 10,000 yen and get 20,000 yen to split, there is an incentive to take the 10,000 yen and run away without doing any work. So, it's not possible to make a very good composition of rags to riches. I wonder if this is a problem that occurs when there are too few participants for matching funds and the match on donations is too large.
yudai007004 There are about 21 hours left! We currently have 20 contributors! If you are interested in DID, SSI, or distributed PDS, please look through this page!
yudai007004 For more information on Monas, please see below! Monas is a distributed Personal Data Store. It aims to simultaneously achieve data interoperability and data sovereignty. More info: https://docs.google.com/document/d/1stQUrYfhbEcIilbOaRzCUfETRXiCWzo-E60MJ0CvnQg/edit?usp=sharing In this prototype implementation, we focused on read access control and state management! We actually implemented the Cryptree algorithm and state management on the blockchain. In the process, we were able to find issues such as key management and how to implement the key derivation algorithm. This document has more details about the prototype! Filecoin-Data-Economy-Hackathon/docs/prototype.md at document · Monas-project/Filecoin-Data-Economy-Hackathon
yudai007004 Japanese also available! docs.google.com Monas: Privacy, Data Interoperability, and Self-Sovereignty in Decentralized Personal Data Store v1... Monas: Privacy, Data Interoperability, and Self-Sovereignty in Distributed Personal Data Stores v1...
https://arbiscan.io/tx/0xc04273ea7e08ac29c9231c99d3cb2ed50a552f096954269f085bead2959b4358
nishio I was told about the ARB but wasn't aware of the project and failed to donate, so I donated about a magazine's worth of money for information ( I don't really know much about the project, so I'm just trying to pay for the information).
That's $111 for 15ARB, so a factor between DeSci and dApp.
0xLide Sorry from outside FF. GG20 accepted ETH, USDC and ARB, so the Uniswap process was not necessary... But I agree that it is hard to handle if you don't touch crypto on a regular basis. I learned a lot from your experience.
nishio Thanks for the info! I will add it!
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