Comment by @paulburke • Hey
ELI5 please: What is quadratic funding? How does it work in Lenster? Why is it a completely different website?
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Quadratic funding takes a pool of money, in this case, $10,000, and distributes it between collects that are set up through the app the amount of matching funds received is proportional to the square of the number of contributors (not the base total amount ) so you could theoretically collect null and the receiver of the payment would get $100 as an example it's built using a fork of Lenster because they thought building a big feature like this into the main app may not be a good idea in case they decide not to continue supporting it in the future for whatever reason
You give 1 DAI (for example), they'll receive more. "More" will depend on the history of the project, you, all the other voters, and many other parameters