The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin.
Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used as guidance to identify the projects that should receive the most matched funding. The quadratic formula ensures that separate contributions are weighted more than a single large donation. For example, two people donating 1 Dai will result in a much higher match than just one person sending 2 Dai.