Funding Pools
The heart of the protocol
Last updated
The heart of the protocol
Last updated
The Olas Global Matching Pool is the protocol's central funding repository. Without funding for this pool, Olas will be unable to sustain itself as a huge amount of the system relies on funds. Since the donors to this pool have no say over what happens to the money they donate, they are known as passive donors.
It is envisaged and expected that such donors will be high-net-worth philanthropists, governments, and other interested parties such as people that currently donate money to Wikipedia to sustain its operations. All of these entities currently give huge amounts of money annually to support information provision. Since Olas is an open system with credibly neutral quality control mechanisms, it will enable these donors to make a much greater impact with their money than they do now.
Below the Olas Global Pool, there are Sector Pools. There are four sector pools that represent the funding available to the three types of Quality Control Markets on the protocol.
Four sector pools are:
News/facts reporting
Opinion/Analysis
Investigative journalism
Scientific Research
The Olas Foundation will decide each quarter how much the share of global pool funds each of these pools get each quarter based on its analysis of how each pool is serving demand. This is the only centralised governance decision that is ever taken on the protocol meaning the foundation has zero say over which contributors or projects receive the funding. It's merely a general allocation decision that'll have marginal bearing on specific funding outcomes.
Below the Sector Pools is a further layer of Topic Pools. These topic pools represent topics/issues/areas of research. Funding allocated to these from the four sector pools is done via decentralised methods. The mechanisms by which this happens for news/facts and opinions is outline here. The mechanisms by which this happens for investigative journalism and scientific research happens here.
