What is Butter?
Last updated
Last updated
Welcome to Butter
We use special markets that make funding decisions—and you can help.
Tokens can be designed to represent any idea we can express in a smart contract—even events that may or may not happen in the future. We can make tokens that represent the outcome of an election or tokens that represent the growth of a protocol's revenue.
As you buy or sell tokens, you update their prices and contribute your beliefs about the future. Even better, we can use these prices to make funding decisions.
For example:
Rather than electing a committee or holding a vote to decide ecosystem grants, we can create a Revenue
token for each project. Markets can price these tokens as if we'd issued each project a grant. The more revenue you believe each project can achieve with a grant, the more you expect the token will be worth.
Conditional Funding Markets select the project with the highest value Revenue
token to receive the grant. This way we ensure the grant has the best chance of impact.