Hi Connor thanks for all the work you and the team have put into this! The round has been incredible for not just allowing us to be paid by an algorithm (so much more empowering) but also the boost in twitter growth for many projects.
I did want to flag one concern that was raised by some of the other projects too. For all the talk around $1 donations being what matters, it appears that absolute amount given matters much more. Consider some of these stats from the Web3 Community & Education Round
404DAO: 9 contributors giving $2340 = $7130 matching
ZachXBT: 41 contributors giving $500 = $5909 matching
Why is ZachXBT getting a smaller grant despite having nearly 5x the votes? Similar story below;
CryptoCurious: 7 contributors giving $2550 = $3078 matching
GreenPill Podcast: 42 contributors giving $236 = $3103 matching (less than half of ZachXBT despite having a vote more but half their amount in community contributions)
I don’t mean to single out any particular project, it’s a pattern i’ve noticed across projects & rounds. This really sucks because it encourages wash trading, cycle large amounts of the funds you’ve earned from other sources through gitcoin and come out with a higher amount.
I did see the Gitcoin proposal by @Joel_m on rethinking the QF formula, is it taking these factors into account? How do we as a community plan to stop wash trading if absolute amount given per vote to each grant matters as much as it did in this round?