Conclusion of the First LR Experiment

WeTrust is happy to report the resolution of Democratic Donation Matching, which ended on Giving Tuesday, November 27th

With over 190 Ether raised over the span of only a couple weeks, we believe that the first experiment with a version of Liberal Radical donation matching was a success! For those hoping to learn more about our LR implementation, please check our previous post here.

For the purposes of philanthropy, we believe that Liberal Radical crowdfunding can inspire great results.

MIRI, the Machine Intelligence Research Institute was the winner, clocking in 64 qualified donations totaling 147.751 ETH, then Lupus Foundation in second with 22 qualified donations and 23.851 total ETH.

It was fascinating to see the competition that the LR Matching Pot inspired, with many of the NPOs advocating fervently across their network. Liberal Radical crowdfunding empowers smaller donations, as well as rallying community competition.

For a more in-depth look at the calculations, here is an Excel snapshot:

In the future as we build out Spring, we hope to build a more sophisticated LR implementation. With stronger anti-Sybil mechanisms, in addition to an ongoing & programmatic Matching Pool that anyone can contribute to at any time.

We are very excited about the potential ramifications of such an experiment. If perfected, we believe that the Liberal Radical method could truly revolutionize many sectors of the world, beginning with philanthropy. Imagine Liberal Radical crowdfunding applied to open source software, news media, or political campaign financing.

If you are interested in contributing to this experiment in any way, whether by contributing to the Matching Pool, a Cause, or to share a suggestion for improvement please let us know at spring.wetrust.io.

And to learn more about the original LR calculation, please check out the paper authored by Weyl, Hitzig, and Buterin.