Convex Funding(ex Gitcoin reviewers)
{"title": "Convex Funding(ex Gitcoin reviewers)", "logoImg": "bafkreieqn6hhx7s72ith7kpe4sz4yt6xj37t4llq4zx6sc2n3eojzluasq", "website": "https://www.notion.so/sovs/Convex-Voting-fac471c3c29a474381350cb95316953f", "bannerImg": "bafkreic6z5kb2vngteqsct4hyzm3fumj3hnagedqgimn77lat5t27ttl2u", "createdAt": 1730035069490, "credentials": {}, "description": "This project is created and maintained by a community of ex-gitcoin reviewers that really believe web3 grant programs should be credible neutral!!!\n\nOur solution to this problem is : Convex FUNDING!\n\nThe concept is derived from the mathematical idea of \"convexity,\" where a function's rate of change increases as input values grow.\n\nConvex functions are used in optimization problems. In finance, they are often used in portfolio optimization.\nCFX can grow into a new allocation mechanism in which the rewards or benefits increase disproportionately as certain outcomes/milestones are achieved. \n\nIt can optimize :\n\nA)The allocation game by incentivising winners(or desired behaviors) to accelerate developments while enabling a more customizable approach. \n\nB) It can also optimize quadratic funding rounds to allocate both democratically and optimally.\n\nC) Has different functions and can become:\n      1)A second neutral layer of review \n      2)System that “scans” for innovation and high impact projects \n\nOur pilot program had great results and was funded by the ThankARB program. We wish to export CFX to the public goods space and create a Garden to grow & maintain in the real ethos of web3. \n\nMembers:\n\nZER8: https://x.com/zer8_future\nRoman: https://x.com/ijeblowrider\nAnna: https://x.com/AnnAnna9627\nRobi\nJulian\n\nJoin our Gardens: https://gardens-v2-git-beta-1hive.vercel.app/gardens/42161/0x912ce59144191c1204e64559fe8253a0e49e6548/0x110f4a8153c04eace288e712eb4b975b46376b8c\n\nSupport us if you bee-lieve! 🐝", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "zer8_future"}