Gitcoin Grants is a democratic public goods funding platform.
A grant round will fund matching pool from the funders at first. Any project about ethereum ecosystem can registry as a grant, and the donors can contribute some cryptocurrencies to the project they think it should get match award from the matching pool in a period of time. In the end, The project wins more contributions or more number of donors can match more awards from the pool.
The way of distributing awards in the matching pool is called “Quadratic Funding”, which is the mathematically optimal way to fund public goods in a democratic community.
I used to be a front-end developer, and now is a Ethereum researcher for free.