Octant: Staking-Powered Public Goods Funding

## Background Octant, launched by the Golem Foundation, created a novel funding model: stake 100,000 ETH and use the staking rewards to fund public goods. Users lock GLM tokens to participate in allocation decisions. ## The Mechanism Octant runs 90-day epochs: 1. **100,000 ETH staked** generates rewards 2. **GLM lockers** earn proportional ETH rewards 3. Users choose to **donate or claim** their rewards 4. Donations go to **curated public goods projects** 5. **Quadratic funding** determines final allocations ## 9 Epochs of Funding Through 9 epochs (as of late 2024): - **$15M+ total** distributed to public goods - **$1-2M per epoch** average funding - **Diverse project portfolio** across categories - **Growing participation** over time ## Sustainability Model The model is sustainable because: - Principal (100,000 ETH) remains intact - Only staking rewards are distributed - Creates perpetual funding stream - User choice between donation and claim ## Key Projects Funded Notable recipients include: - Ethereum infrastructure projects - Developer tooling - Research and education - Community initiatives