In a significant milestone for the Cosmos ecosystem, the Cosmos Hub community has approved a $1 million grant to support the Quadratic Funding Initiative proposed by Dora Factory and DoraHacks. This grant will facilitate ten rounds of quadratic funding over the next two years, fostering innovation and collaboration within the Cosmos Hub ecosystem.

The approval of Governance Proposal No. 917 marks a significant achievement, with an overwhelming 91.9% approval rate, making it the highest-rated proposal in the history of Cosmos Hub. This demonstrates the community's commitment to supporting public goods funding and quadratic funding initiatives.

Dora Factory, in collaboration with DoraHacks, has launched the second AEZ (ATOM Economic Zone) quadratic funding program, marking the beginning of a long-term funding initiative. This program will span two years, starting May 15, 2024, and ending May 2026, providing a sustainable funding mechanism for public goods and early-stage projects within the Cosmos Hub ecosystem.

Quadratic funding is a novel approach that enables token-holder communities to support high-quality projects and public goods through native-token donations. Dora Factory, a leading decentralized governance infrastructure and multi-chain public goods funding protocol stack, has successfully deployed quadratic funding in numerous mainstream crypto ecosystems.