In 2021, three funding initiatives were announced to bring consistent, on-chain financial support to EOS projects for the first time. The EOS Network Foundation Grant Framework, Pomelo, and EDEN on EOS use different mechanisms to choose who deserves to receive funds. The Network Foundation uses a trust-based, centralized model of its core members, whereas the Pomelo and EDEN take a more decentralized route.

Pomelo is a crowdfunding platform for public goods, funded by EOS Nation and EOS Asia, that has "matching partner funds" and a quadratic distribution algorithm. With quadratic funding, the amount matched depends on the number of unique donors. If one hundred donors contributed 1 $EOS to a public goods project, the "matched" amount would be more significant than one donor contributing 100 $EOS. Plus, there could be more than one matching partner.

EDEN on EOS uses a fractal democracy process. It rewards one's ability to be trusted in front of multiple types of people that are randomly assigned into groups of 4-6 at a time.

With clear funding opportunities, no matter the sophistication of a project, the future of EOS has never been brighter if you have an idea that you'd like to receive funding for, introduce yourself to the community on the dedicated Discord server for the EOS community.

Author: Jesse Jaffe

Editor: Dario Cesaro

Translator: -

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