Quadratic Lenster (@quadraticlenster) • Hey
This is the support account for Quadratic Lenster! If you have any questions about how to join a round, post, tip, or if you have any technical issues her
Publications
- Raid Guild built Quadratic Lenster as a proof of concept stemming from an idea by Kevin Owocki - why couldn't a web3 social platform include a Quadratic Funding mechanism?
There were quite a few constraints at the time of inception as the Allo protocol and Lens v2 had not yet been announced, and our first iteration included a few hacks to make it all work proper. Our deadline was for EthCC 2023, where @owocki.lens and @stani.lens i took the main stage to announce a $10k matching round for the initial iteration.
We loved working with @owocki.lens , Supermodular, @lensprotocol, and @gitcoin.lens teams to be able to ship this in time and overall the alpha round was successful with the QF mechanism working as intended.
However, we encountered two major issues from this experiment - there was initially an exploit that was noticed by early users where malicious users or bots abused a loop in the allowance flow.
While we were fortunate to catch this early on, the fix to this initial exploit led us make a mistake when making the actual matching payouts once the round concluded.
This ended up leaving a few participants not getting paid appropriately from the matching funds, as well as a handful of gross overpayments. This was definitely our mistake, but we hope that this community and the participants of this experiment can be understanding and forgiving here. We reached out to two of the highest overpayments @punkess.lens @definn.lens and they were generous in understanding the situation when we reached out to ask if they would consider returning portions of the funds. This community is amazing!
We want to issue a formal apology to all affected by this - yes, this was an experiment and overall we want to make sure everyone who participated have a good experience and will participate in any future iterations! Our amends here were delayed due to summer travel and conferences, but we hope that we can make right and have taken the appropriate steps to get all participants paid appropriately.
https://polygonscan.com/tx/0x54872d2ecfa2d20e73a65ebc39e8fb80632d196f9998e1a5699a471fb8334308
Thank you all for your patience and participation here - we look forward to future rounds and implementations of Quadratic Lenster!
- Due to the mishap during our original quadratic funding round, the matching funds were distributed according to the original round and not the second replacement round. Apologies for the confusion and delay in response time. We were recovering funds from the (very gracious!) recipients, who received more than their allotment. We are working on a solution and hope to redistribute correctly soon.
- quadraticlenster.xyz wrap up 👇
TLDR
0. payouts are out.
1. goal was 100 contributions, we ended up getting 581!
2. this launch was a modest success.
3. microtransactions have long been a dream for funding creators, they are now possible!
more @ https://gov.gitcoin.co/t/quadraticlenster-xyz-launch-wrap-up/15962
- Payouts for #ethcc have been sent out! Many thanks to everyone who participated!
Stay tuned here for information on upcoming rounds and further developments with quadratic lenster. The future for all of us is looking bright.
[https://polygonscan.com/tx/0xbbf708f145598d9ea21249415b6dcc13475e25d0cd072c6862ba4451afd2970c](https://polygonscan.com/tx/0xbbf708f145598d9ea21249415b6dcc13475e25d0cd072c6862ba4451afd2970c)
- If you're a developer building on @lensprotocol in Paris during ETHCC or ETHGlobal, consider posting on Quadratic Lenster.
People are earning up to $2,500 with Quadratic Funding, and it would be a nice way to kickstart your bounty hunting. I'm setting aside $250 to add to the already existing > $10,000.00 that is part of the Paris round!
quadraticlenster.xyz/rounds-overview
- Here is a link to our post mortem of the attack: [https://hackmd.io/@6dNOI9lFQYGC280d09lkqg/SJTkBtSc2](https://hackmd.io/@6dNOI9lFQYGC280d09lkqg/SJTkBtSc2)
We’ve launched a new round with the same #ethcc hashtag. When processing the voting data the old and new voting data will be merged, with the exception of the two malicious addresses.
If you are manually selecting a round, the correct round is ethcc round- 2.
However just using #ethcc will put you in the correct round.
We have all been extremely touched by the lens community's response to this. You have all been so compassionate and understanding. It's a beautiful thing. We hope to keep cranking up the vibes here with you until the whole world can't help but to join in!
<span className="hidden"> This post is included in the ethcc round- 2 round (0xfc68882a250f5c444f737b8e4ffbfa6ca769efcd) at quadraticlenster.xyz </span>
- If you were affected by the recent exploit we deeply apologize for our oversight in allowing this to happen. The bug has been fixed, and reimbursements have been sent out. We hope to have a full fix deployed and to continue the round tomorrow morning.
Please verify that you have received your Wmatic back. If you were affected and didn't receive compensation please notify us here.
The post mortem will be published when the current round is continued.
Thank you for your patience and understanding,
The quadratic lenster team.
- We have temporarily disabled tipping on our front end. please use [https://revoke.cash/](https://revoke.cash/) to revoke any outstanding allowances to our round implementation contract (0xA2ae8421776035c398c22e143290697DA09d19D7). The round payouts will be unaffected by this change and a fix has been implemented. We have identified the affected users and will be sending out compensation.
A full breakdown will be coming shortly.
Thank you.
- Tipping has been disabled. Updates coming soon.
- I'm posting from Quadratic Lenster, just announced today and built by @raidguild.lens, mmhmm ⚔️
If you wanna join this quadratic funding round...
1. go to quadraticlenster.xyz
2. post something sexy with the hashtag #ethcc
3. tip each other's posts
4. get matching funds sometime after July 21
P.S. *American Pie* is looping in my head again. Its been doing that.
<span className="hidden"> This post is included in the ethcc round (0xa2ae8421776035c398c22e143290697da09d19d7) at quadraticlenster.xyz </span>
- **📝 Everything you need to know about the new Quadratic Lenster 📝**
Quadratic Lenster was just introduced at #ethcc and my mind is blown!! There are also many questions about it and I dig posts, code, videos, and websites to aggregate all info for you. Are you ready?
**🤔 What is Quadratic Lenster?**
Quadratic Lenster is a platform that helps you manage grant programs. It's a fork of Lenster with an added functionality of quadratic funding. This means it's a tool that helps you organize and distribute funds for different projects or causes in a democratic way that values community support. Quadratic Lenster is powered by Gitcoin's Allo Protocol, an open-source protocol that enables groups to efficiently and transparently allocate pooled capital.
🔗 [https://www.quadraticlenster.xyz/](https://www.quadraticlenster.xyz/)
🔗 [https://allo.gitcoin.co/](https://allo.gitcoin.co/)
🔗 @quadraticlenster.lens
**💡 What is Quadratic Funding?**
Quadratic funding, conceived by Vitalik Buterin, Glen Weyl, and Zoë Hitzig and already known by the Gitcoin community, is a way of distributing funds where the amount given to a project is decided by how many people support it. This means that if lots of people give a little, it can be worth more than if one person gives a lot!
A single null tip can be amplified to have an impact as high as $100, or even more! Depending on the round total cap, the amount of projects (or posts here on Lens) participating and the amount of tips distributed.
🔗 [https://www.wtfisqf.com/](https://www.wtfisqf.com/)
**🚀 Quadratic Lenster and EthCC:**
Quadratic Lenster was announced at EthCC by Kevin Owocki @owocki.lens , the co-founder of Gitcoin. The platform was launched with a **$10k Quadratic Funding (QF)** round for anyone using the #EthCC hashtag.
The current funding round, known as the EthCC round, is ongoing and will end on **21st July 2023**.
**🎁 How to Participate in the EthCC Round?**
*Visit the Platform***:** Head over to the Quadratic Lenster website. This is where all the magic happens.
🔗 [https://www.quadraticlenster.xyz/](https://www.quadraticlenster.xyz/)
*Create a Post***:** To participate in the EthCC round, you need to create a post mentioning the #ethcc hashtag. Posts created on the original Lenster website **will not** be included in the EthCC round.
*Tip for Projects***:** Support others tipping for them! This is where the quadratic funding comes in. The more people tip for a project, the more funding it gets. **Important**: you can collect posts too if you want, but only the tips are counted for the funding distribution!
**👀 Viewing the Ongoing EthCC Round:**
You can view the ongoing EthCC round and its progress on the rounds overview page of the Quadratic Lenster website.
🔗 [https://www.quadraticlenster.xyz/rounds-overview](https://www.quadraticlenster.xyz/rounds-overview)
**🛠️ Creating Your Own Round:**
If you're inspired by the EthCC round and want to create your own for a cause you care about, you can do so on the Manager Page.
🔗 [https://manager.quadraticlenster.xyz](https://manager.quadraticlenster.xyz)
**🌱 Was this tutorial helpful? Spread the seed!**
If you found this post helpful, share it with others, so everybody can participate in the current round before it ends!
If you want to support me, you can also tip this post. Remember, with the power of Quadratic Funding, a single tip can be worth a lot!
<span className="hidden"> This post is included in the ethcc round (0xa2ae8421776035c398c22e143290697da09d19d7) at quadraticlenster.xyz </span>
- Please note that posts created at [https://lenster.xyz/](https://lenster.xyz/) will not be included in the #ethcc matching round!
You must post via [https://quadraticlenster.xyz/](https://quadraticlenster.xyz/) to be included in matching.
(We hope to fix this once we upgrade to Gitcoin Allo Protocol v2 and Lens v2)
<span className="hidden"> This post is included in the ethcc round (0xa2ae8421776035c398c22e143290697da09d19d7) at quadraticlenster.xyz </span>
<span className="hidden"> This post is included in the ethcc round (0xa2ae8421776035c398c22e143290697da09d19d7) at quadraticlenster.xyz </span>
- 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
- quadraticlenster.xyz introduced at ETHCC by @owocki.lens
Quadratic Lenster integrates quadratic funding directly into the Lenster client!
$10,000.00 matching pool during ETHCC for posts powered by quadratic funding ⚡️⚡️⚡️
[https://www.quadraticlenster.xyz/](https://www.quadraticlenster.xyz/)
<span className="hidden"> This post is included in the ethcc round (0xa2ae8421776035c398c22e143290697da09d19d7) at quadraticlenster.xyz </span>
- Direct your Quadratic lenster questions here! #ethcctest
<span className="hidden"> This post is included in the ethcc round *test round (0xfa040240c2da91b77e0aaf47c336483182df104a) at quadraticlenster.xyz </span>