{"title": "Gnomish", "logoImg": "bafkreif4qhhuottnrwg3ux3mpo2l6drj3rofjtnbg7sad2fvrpaoqwhiiu", "website": "https://github.com/base-fundy/fundy", "bannerImg": "bafkreifwohmy2akzattndamadwt2245kpa7fasdc7w3amcmy5pxutr6t2m", "createdAt": 1713795080671, "userGithub": "jen-sei", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..oKgiULv26JZpJ_WdPKtAI3Eg9jJG211kBuAuSTUJPtiHgDTLNVlKoiWlv0TbUrJNCok9WxV2CYIs7nUwO8pPBA", "type": "Ed25519Signature2018", "created": "2024-04-22T14:10:38.137Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-22T14:10:38.137Z", "expirationDate": "2024-07-21T14:10:38.137Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x00208372f9059BCC63c2b7D6557997118D1B5FA2", "hash": "v0.0.0:o/PizsFmkknBu/ou//XxY+KwSaI+K3oq0kTSSNtn7Pk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#gnomish_eth"}}}, "description": "Degeneracy is often defined as a high-risk, speculative behavior in DeFi involving yield chasing, leveraged positions, and lack of fundamentals. Can we use this often-extractive behavior for the good of many?\n\n**Gnomish** is a degenerate public goods non-quadratic funding on Base, a layer 2 scaling solution for the Ethereum blockchain. Our project is utilizing the ever-present power of memes for the benefit of the ecosystem, enabling:\n\n- Meaningful allocation of often meaningless tokens.\n- Distribution via provably verifiable, private random functions.\n- Endless memes, and...\n- Risk of rug! (<1%) ⚠️👀\n\nBy leveraging the degen culture, Gnomish strives to create a new narrative arc – Dump your Memecoins to Pump the public goods… **Expect the Unexpected!**\n\n## How does it work?\nWhen a user visits the platform, they are presented with a set of projects that has been selected to participate in the current funding round. Immediately after, the user is offered to select a memecoin of their choice and proceed to transfer the funds to the specific *RoundPool*.\n\nEvery round is finalized after a *2-week open funding cycle*, leading to an **Event of Randomness** – the crown jewel of the platform.\n\nWhen memes hit the fan users will be able to observe a dashboard update that will uncover the following:\n\n- **Which #project will receive 100% of which #token.** a) Some projects might receive multiple tokens supplied. b) Some projects may not receive any.\n- **What will be the distribution strategy?** a) Some projects might receive all the funds immediately. b) Some projects may receive the funds with a random cliff, and or random vesting.\n\nWhy?... You ask!?... Why not, we answer!? Once a degen, always a degen. Thanks to Gnomish we can now feel the thrill of randomness and potential rug pull all while funding public goods on Ethereum!\n\n### What next?\n- multiple code reviews\n- deployment on Arbitrum\n- enabling matching pools\n- onboarding public good projects\n- onboarding memecoins", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "base-fundy", "projectTwitter": "gnomish_eth"}