Version: 2024-11-04
Flow State ≈
- Colorado-Based Coop
- A Team Passionate About Building The Future of Public Good Funding
- The protocol that makes it easier than ever to create streaming funding rounds
Flow City ≈
- An ecosystem of people united in common cause using the Flow State protocol to run Flow Rounds for the growth and longevity of their ecosystem
- Has appointed leaders that decide when to launch rounds and add more funding to rounds that are currently ongoing (and decide other parameters of the rounds)
A Flow Round ≈
- Characterized by the allocation of a “funding river,” which practically speaking is an ongoing stream of tokens that gets apportioned every second to some number of recipients
- Examples:
- Imagine a DAO that distributes a funding river of 100 tokens per second to its contributors based on merit points they’ve earned
- Imagine a small team that distributes a funding river of 500 tokens per second equally amongst its core team
- Imagine a blockchain L2 that distributes a funding river of 1000 tokens per second to devs building on top of its chain, where they have empowered other token holders to help allocate that funding river through donations
Each Flow Round has the following stakeholders:
- Either…
- Channelers ≈ contributing/donating and helping allocate a matching funding river - this is applicable when the allocation mechanism is ’Streaming Quadratic Funding’
- A Flow Council ≈ who have power to decide where the funding river goes; aren’t personally giving up their own funds but rather allocating communal funds - this is applicable when the allocation mechanism is ‘Flow Council Voting’
- A DAO ≈ that collectively decides who gets what portion of a funding river by setting a merit system where DAO merit points earned translate to flow/second. See: An Allocation Strategy that Prioritizes Your DAO’s Top Builders: “Contribution Weighting”
- A Small Team ≈ that collectively decides they want to get equal share of a funding river
- River-makers ≈ who provide funding that channelers / flow council allocates (in the normal QF world this is known as matching fund providers - but we don’t want to pigeonhole these people as ‘matching’ funders since sometimes the river isn’t matching anything, it’s just being allocated)
- Builders ≈ they work on projects worth flowing to for weeks or months or years in a row :) (in the normal QF world, these are known as grantees)
- Round Operators ≈ leaders of a Flow City that coordinate the round with support of the Flow State team
In summary, the Flow State universe consists of…
fs ≈ (fc + fc + fc + fc + …)
fc ≈ (fr + fr …)