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WEB3 3.0 WINNER
Fabric
Fabric is the easiest way to crowdfund onchain.
What
is
Fabric
The Fabric crowdfinancing protocol is a non-upgradable, EVM-compatible smart contract that can be permissionlessly used to pool capital and verifiably share upside. It lives at the intersection of a crowdfunding project, escrow account, and cap table. Here’s how it works: (1.) A creator deploys a crowdfinancing contract onchain;(2.) Contributors deposit funds into the contract; (3.) If the goal is met, then the recipient can withdraw the pooled funds from the contract, else contributors can withdraw their deposits. Additionally, recipents have the option to deposit the yield generated from deployed capital back into the contract. Contributors can then withdraw a percentage of this yield, in proportion to their initial contribution.
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