While Pots are currently used for quadratic funding rounds, they are a way to incentivize people to raise funding pools transparently for their own rewards programs, while standard quadratic funding just describes a method of calculating payouts from the matching pool using donations as a metric; we are building Pots to support many distribution mechanisms.
While people think Potlock is Potluck, a communal feast where everyone brings something to the table, at its core, we enable Pots of money, and they are locked, as we don’t have any keys, and accounts can only be rewarded based on the rules of the game—literally, POT-LOCK.
**Pots from a contract level consist of**
Why the change from quadratic funding?
We are not a quadratic funding platform. We are an open funding stack, where QF is just a tool. Our goal is to enable anyone to fund impactful things more effectively and with less overhead. From a protocol level, The quadratic funding calculation happens off-chain and often takes much bandwidth to calculate discrepancies with Sybil. It also incentivizes popularity contests and knowing the system to perform financially better. As we build an open-source stack, roll out our indexers, and try new experiments, we need to pivot within the context of these contracts as the core product. Rather than defining our pots by the payout calculation, we believe in a more permissionless role just like you could use different pots in the kitchen.