Understanding Pots (Funding Rounds): Phases and Lifecycle

A pot is a funding round where patrons fund the matching pool and individual contributors get their donations matched. Anyone can deploy a pot (subject to whitelist); you set a Chef (round manager) and admins. See Pot contract at docs.potlock.org.

Phases of a pot

• Pre-Kitchen: Before deployment; soft commits, planning.
• Application period: Projects apply; Chef filters; patrons can donate to matching pool.
• Applicants finalized: No new applications; patrons can still add to pool.
• Matched-donations: Verified humans donate; matching calculated at end; front end shows estimates.
• Payouts + cooldown: Off-chain QF calculation; chef/owner initiates; cooldown for challenges.
• Compliance (soon): KYC token for payouts; non-compliant funds to remaining-funds address.
• Closed: All payouts done.