[2412 BIG Wave 4] FellowFund

Grants & Incentives
1

[2412 BIG Wave 4] FellowFund

FellowFund is an on-chain fellowship platform using prediction markets to fund individuals. Bettors stake on verifiable future outcomes, reducing evaluation overhead and aligning incentives for outcome-driven, efficient ecosystem growth.

Project Name: FellowFund

Submission Date: 24/12/2024

Founder Name:
Fabian Ferno | fabianferno.com
Co-founded nftconomy.io | @ETHGlobal 3x finalist | 45+ hackathon winner | 5 years experience in building products and solutions | Web3, Protocol Design, AI | @Gitcoin Grantee & Contributor | Currently Lead Engineer, KarmaHQ.xyz

Award Amount: $5,000

Project Stage: MVP ~ Development

Sector: DeFi / Funding Mechanisms / Community Governance

Links to Deck / Video / Images:
Demo: https://fellow-fund.vercel.app/
Source Code: GitHub - fellowfund/fellowfund-hack-mvp
Pitch Deck: FellowFund | ETHGlobal
Images:

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Description
FellowFund is an on-chain fellowship funding platform that uses prediction markets to allocate grants efficiently and transparently. By betting on measurable future outcomes, FellowFund fosters accountability and eliminates governance bottlenecks in Web3 funding.

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Mission
To empower builders and drive ecosystem growth by creating a decentralized, outcome-driven fellowship funding model that prioritizes transparency, efficiency, and innovation.

Product
FellowFund streamlines grant distribution by leveraging prediction markets and on-chain proof systems:

Main Features:

  • Prediction markets for outcome evaluation (LONG/SHORT token markets).
  • Proof-based validation of builder metrics via Trusted Execution Environments (TEEs) - metrics include GitHub OSS contribution commit count, PRs closed, Hackathon POAPs collected, etc
  • Seamless onboarding with Web3Auth and multi-chain deployment.

Value to Rootstock Ecosystem:

  • Enhances funding efficiency for Rootstock-based projects.
  • Drives ecosystem growth by funding high-impact builders.
  • Become early adopters of Futarchy in grant allocation strategies of RootStock Collective

Team

  1. Fabian Ferno - Team Lead | 5+ years experience in building SaaS | Web3 Protocol Design, Distributed Systems, AI/ML, Grant Allocation Toolkits
  2. Leo Franklin - Fullstack Engineer | 2+ years experience in Backend and Smart contract development

Traction

  • Recognized at ETHGlobal Bangkok with multiple awards:
    • Rootstock - Best Use of Rootstock Blockchain
    • Uniswap Foundation - Honorable Mention
    • Blockscout - Pool Prize
    • Worldcoin - Pool Prize
  • Early-stage interest from DAOs and Web3 communities for fellowship creation.

Roadmap

  • Q1 2024:
    • Market resolution - use Optimistic Oracle
    • Launch fully MVP on Rootstock.
    • Pilot fellowships with two partner DAOs/communities for fellowship rounds.
  • Q2 2024:
    • Expand to additional networks.
    • Integrate additional metrics and analytics for impact evaluation.
  • Q3 2024:
    • Launch a public version with cross-chain support.
    • Develop advanced features like prediction visualization and builder dashboards.
  • Q4 2024:
    • Scale user adoption with marketing and partnerships.
    • Roll out token incentives for bettors and validators.

FellowFund offers a paradigm shift in Web3 funding by enabling efficient, transparent, and community-driven grant allocation. By focusing on individuals and leveraging prediction markets, FellowFund ensures accountability and drives sustainable ecosystem growth. Rootstock’s robust infrastructure and supportive ecosystem make it the ideal platform for our initiative.

We look forward to working with the Rootstock community to realize the potential of decentralized, outcome-driven funding.

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