🔑 Pot Owner:

• person who deploys pots and can change settings and do everything a Chef can do. Usually coordinates round and selects chefs and closes off chain sponsors. Can remove chef and other admins.

💪🏿 Pot Admin(s)

• Optional: specified by owner. Can do everything an owner can do except add or remove admins.

👩🏿‍🍳 Chef:

• appointed account responsible for approving applications, supporting donors, and can collect automated fees for donations and sponsorships

🙏 Verified Donors:

• people who verify as a human through nada.bot (or other verification requirement in species, and that can donate to a project through round to get matched

🥯 Sponsors:

• anyone can donate to the entire round and their logo (aka near.social profile picture) shows up on sponsor board. Usually most money comes from a committed sponsor before the round. Alternative to people who don’t want to verify and support the whole round instead of individual projects.

🏥 Projects:

• projects that are applying. If they are approved they are often onboarding their network of donors in order to get a bigger matching round. They will be expecting to be notified when they get accepted, how to support their donors, and where there money was at.

First, what is a Pot, how are donors involved?

Pots are quadratic funding round contracts that sponsors can directly fund via a matching pool. They have a series of phases in which projects apply & get accepted, donors (who usually met a human criterion) that donate through the pot directly to the approved projects, and projects that are paid out from the pot’s matching pool when the round is over based on the donation (the formula for calculating this is called quadratic funding). A Pot Owner, Admins (optional) and the Chef, see the success by bringing in sponsors, donors, and facilitating projects and initiating payouts.

Difference Between Direct Donation at Matched Donations via Pot

Pots are quadratic funding rounds. Quadratic funding rounds for the user are different from direct donations. While donations during a quadratic funding round to the project goes directly to the project. Those donations are logged in the pot contract and used to calculate how much of the matching pool a project will get when the round is over. Unlike direct donations where anyone can donate to a project at anytime, a matching round has a requirement to donate and only live when the matching round is live. This requirement is usually being a human via nada.bot, a bot protection tool. This is to prevent people from scamming more donations to get more of the matching round out.

Levels of Funding

The more impact you make the higher levels of funding pools you can access.

Impact Based Evaluation

Through our attestation framework, we will be enabling those to evaluate impact, curators to rate the quality of the attestation, and for people to give attestation of specific schema types for specific use cases / evaluation frameworks.

First Quadratic Funding Platform on NEAR

Its been years and we have yet to a have a quadratic funding platform on NEAR. We aim to revolutionize the culture of external contributions on one of the fasteset and cheapest L1s.

Automatic Pipeline into Accelerator

Every projects that registers also gets signed up to the NEAR Horizon platform.

Phases of A Pot

Pre-Kitchen:

• this is before a Pot is deployed. This maybe preparing soft commits from donors, and planning and communication off-chain with potential Chef.

Application-Period:

• When applications are open and the Pot's Chef is filtering though application. At this time Patrons /Sponsors can also donate to the amount that is matched.

Applicants-Finalized:

• This is the period before matched donations start. Patrons can also donated to the matched amount. No more projects can apply anymore.

Matched-Donations:

• When verified humans can get their contributions matched. Up until this point all matched donations were not a thing. Patrons can also donated to matched amounts. Only at the end of the Pot (when donations close) are the amount each proejcts earn is calculated. Up until this point all matching is estimated by a calculator component, based on current contributions and current matching pool. No one can calculate this amount until all matched donations and the their are no more additional funds to funding round.

Payouts:

• this is when payouts are calculated using offchain quadratic funding calculations based on donations on Pot contract. Then after payouts, the payout method is intiated by chef or owner. Then their is a cooldown period before payout to contest any discrepancies with offchain calculation and onchain payouts amount (check for wrong doing).

Closed:

• All payouts have happened for every project..

What is a Pot?

A pot is a funding round, where patrons can put down on matching rounds, and individual contributors can get rounds matched. ReFI Council deploys a pot and sets a Chef (a round manager) to faciliate applications and milestones.