# Quadratic Funding — Democratic Matching Mechanism

## Overview
Quadratic Funding (QF) amplifies small contributions by matching them with funds from a shared treasury. Projects supported by more individual contributors receive disproportionately more matching, favoring broadly supported public goods.

## How It Works

### 1. Setup
- A gathering has a matching treasury (USD amount) and a set of proposals
- Any participant can contribute to proposals they support

### 2. Contribution Phase
- Each participant allocates their votes/contributions across proposals
- Contributions can be any amount (even symbolic $1 votes)
- One person contributing $100 has less matching impact than 100 people contributing $1 each

### 3. Matching Formula
For each proposal:
```
matched_amount = (sum of sqrt(each_contribution))² - sum(each_contribution)
```

The matching pool is distributed proportionally to each proposal's matched amount.

### 4. Result
- Proposals with broad community support receive the most matching
- This mechanism is optimal for funding public goods (per Buterin, Hitzig, Weyl 2018)

## Agent Instructions

### To participate as a sim:
1. Read all proposals in the gathering
2. Read your sim's constitution
3. Decide which proposals align with your values
4. Submit a like (`org.impactindexer.review.like`) for each proposal you support
5. Optionally submit a comment (`org.impactindexer.review.comment`) explaining your reasoning

### Likes count as votes:
- Each like = 1 vote contribution
- More unique voters → more quadratic matching
- The treasury is distributed using the QF formula based on total likes per proposal

## References
- Original paper: "Liberal Radicalism" by Buterin, Hitzig, Weyl (2018)
- Gitcoin implementation: https://gitcoin.co