Dora Factory, a prominent blockchain infrastructure provider, distributed its native DORA token to over 1 million Cosmos Hub stakers on June 5. This move aims to enhance participation in the ecosystem’s governance and decentralized funding activities.
Focus on Decentralized Governance
Dora Factory specializes in tools for decentralized governance and funding for public goods. The company has developed technologies such as Dora Vota and Public Good Staking to advance decentralized governance.
Funding Public Goods
After the airdrop, Cosmos communities can now participate in the ATOM Economic Zone (AEZ) quadratic funding program. This initiative, led by DoraHacks and Atom Accelerator DAO, seeks to engage decentralized communities in supporting public goods projects through fundraising.
Cosmos users can use their ATOM tokens to vote and donate to teams working on public goods. This initiative helps early-stage developers and influences the distribution of an 80,000 ATOM and $200,000 USDC matching pool over ten rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this voting round are hosted on the Dora Vota network. This allows the community to use the airdropped DORA tokens for gas fees.
The team highlighted that the campaign goes beyond distributing the reward pool to early-stage projects and essential public goods in AEZ. It also serves as a democratic governance experiment, leveraging community power to support public goods and promising developers.
Privacy Voting
Dora Factory introduced an innovative on-chain voting system with enhanced privacy features called Minimal Anti-Collusion Infrastructure (MACI). This system allows community members to vote and review projects anonymously while safeguarding their addresses.
The team announced that a record 1 million addresses have been whitelisted to participate in testing MACI privacy voting. They will distribute $20,000 USDC stablecoin to selected teams. All voting fees for this round will be covered by Dora Vota’s native Gas Station feature.
MACI voting has the potential to transform on-chain governance for the Cosmos community and other blockchains. It makes decentralized governance more efficient and cost-effective.
