[Giveth] LTIPP Application FINAL

SECTION 1: APPLICANT INFORMATION

Provide personal or organizational details, including applicant name, contact information, and any associated organization. This information ensures proper identification and communication throughout the grant process.

Applicant Name: Jake, The Snake

Project Name: Giveth

Project Description: [Enter Project Description (1-3 sentences)]

Giveth.io is an open-source, radically transparent, user-friendly donation platform that allows anyone to open crypto funding portals by creating projects for positive impact, with zero added fees and no intermediaries. Today Giveth is live on the following protocols; Arbitrum, Gnosis Chain, Ethereum Mainnet, Ethereum Classic, Optimism, Polygon, The Graph, Solana, and Celo.

Project Links: [Enter Any Relevant Project Links (website, demo, github, twitter, etc.)]

Website: https://giveth.io

Twitter: https://twitter.com/Giveth

Github: Giveth · GitHub

Discord: Giveth Discord Invite

Medium: https://blog.giveth.io/

Telegram: Giveth chat on Telegram

Contact Information

Point of Contact (note: this should be an individual’s name, not the name of the protocol): [forum handle]

Jake The Snake

Point of Contact’s TG handle: @Snakegram

Twitter: [Twitter Handle]: @GivJake

Email: [Email Address]

jacobyschumacher@gmail.com

Do you acknowledge that your team will be subject to a KYC requirement?: [Yes/No]

Yes

SECTION 2a: Team Experience

Current and Past Experience

Giveth’s team members have been building in Web3 since 2016, Giveth was born out of the team that helped rescue TheDAO (the largest crowdfunding campaign ever done at the time raising $163M USD, and after it was hacked the community proposed a hard fork that created Ethereum Classic). Giveth’s Slack in 2016-2019 was where people went to get support recovering their funds from the hack.

Other projects our team has made significant contributions to include:

Commons Stack - Griff Green is a founder Marko supports design, Lauren supported documentation, Dani supported narrative and art design for products.

Token Engineering Commons - Griff, Mitch, Lauren, Mateo, Marko & Dani were all active contributors during its launch

Praise, Griff, Mohammad, Dani, Mitch, Freshelle & Kay are all important contributors to the project.

Pairwise, Griff, Freshelle & Marko currently support this project

General Magic, Giveth and General Magic have a strong working relationship where we share

Bright ID, Griff has been an advisor to the project since its inception, which happened in the Giveth Community and

DappNode, Griff is a founder and Mitch, Lauren, Ashley & Marko have all made important contributions to the project

White Hat Group, Griff was a founding member of the organization

iden3, Griff has been an advisor to the project since its inception

xDai - now Gnosis Chain, Giveth was one of the original 4 founding organizations, and has been running a validating node since launch in 2018.

Product Information

Details and achievements regarding Incentives

Giveth hosted four Quadratic Funding Rounds:

Alpha Round

  • 10,000 xDAI Matching Pool (raised from the [Quadratic Force]

  • $11,737 raised from individual donors.

  • 47 verified projects

  • 246 unique donors

  • 919 total donations.

Beta Round

  • 25,000 DAI (raised from the [Quadratic Force]

  • $23,306 raised from individual donors.

  • 125 verified projects

  • 388 unique donors

  • 1,728 total donations

Giving Season Round:

  • 25,000 USDGLO Matching funds, made available by our Quadratic Force

  • $17,125 of additional donations from the community

  • 85 verified projects

  • 211 unique donors

  • 949 total donations

  • 653 eligible donations

  • 90 ineligible donations were found thanks to Gitcoin Passport

  • 19 additional sybil addresses were identified thanks to Trustalabs & our internal data review crew

Polygon Round

This was a unique round as it was our 1st partner-focused round. The entire matching pool was sponsored by Polygon and they chose the list of projects to include in the round. We ran the round & supported with comms, project curation & marketing. We are still analyzing the results so the following results are approximate:

  • 250,000 MATIC in matching funds (~$200,000 at the time)

  • Over $160,000 of additional donations from the community

  • 206 projects

  • 2322 unique donors

  • 3240 eligible donations

Current stage of Giveth

The Giveth community is composed of 3,216 projects, most of them creating public goods, and 12,574 unique donors that have made 39,567 donations since 2021.

Giveth is a powerhouse of funding for public goods and projects spread across the world. But we are more than a donation platform; we are an economy.

The GIVeconomy is made up of these major components::

  • GIV - A transferable ERC-20 token that lies at the heart of the future of giving (native to Mainnet).

  • GIVbacks - The entry point to the GIVeconomy. Donors to verified public goods projects get GIV tokens in return. This flips the script on tax-deductible donation, creating a decentralized and borderless way of incentivizing donations.

  • GIVpower - Donors can lock their GIV tokens for GIVpower and use them to boost/curate projects on the platform. Projects with more GIVpower are ranked higher, and in turn, their donors are rewarded with more GIVbacks, similar to the veToken model.

  • Quadratic Funding - The democratic matching program popularized by Gitcoin is also available on Giveth! Projects are incentivized to coordinate and rally support effectively when they know that every small donation by every unique donor counts BIG.

Incentives <> Long-term Growth and Sustainability

We want to incentivize our user base to adopt Arbitrum. Donors, Projects, and $GIV governance participants will all be incentivized to come to Arbitrum if this proposal passes. Our program is unique; of our three user groups, only projects will be given $ARB directly via QF rounds. Donors and $GIV stakers will instead be rewarded with $GIV on Arbitrum and we will create an $ARB<>$GIV liquidity pool with this grant.

Currently, when donors donate on Arbitrum, they receive GIV on Gnosis Chain, as we don’t have any liquidity for GIV on Arbitrum. This approach solves that issue for the life of our rewards (over 2.5 years) while adding to the TVL of the network. It also migrates a portion of the GIVeconomy to Arbitrum, effectively reducing our economic activity on OP Mainnet and Gnosis Chain. The QF rounds encourage our existing projects to add Arbitrum addresses as well as encourage our donors to move liquidity to Arbitrum so that they can direct funding to their favorite projects.

When a donor donates to a verified project, or when someone stakes GIV in our GIVpower program (which is basically a veToken model for Donation Mining instead of Liquidity Mining), they get some liquid GIV and a GIVstream that will stream GIV to them until Dec 2026.

This means, any donor or staker on Arbitrum will be coming back to the Arbitrum network to collect their GIV for the next several years. Giveth has been active in the Ethereum community since 2016 and isn’t going anywhere, we have huge plans for our token during this upcoming bull market. In short, are coming!

Gurves

What novelty or innovation does your product bring to Arbitrum?

Besides intermittent Gitcoin rounds, there are no other donation services facilitating donations on Arbitrum. We are the only one helping projects 24/7/365, and we want to double down on the ecosystem.

Our GIVpower system is similar to the veToken model but for donation mining rather than liquidity mining. This twist attracts users who care about public goods to the Arbitrum One network so they can support Public Goods while also earning a yield!

Also, our streaming rewards are very sticky. They will lock users to the Arbitrum One network until December 2026, as every donor and GIVpower staker will need to return to Arbitrum One at a regular cadence to claim their $GIV rewards.

Beyond all this, Giveth is effectively its own nonprofit jurisdiction. We have an independent Web3 native verification system for public goods projects, and we reward donors in a similar manner to tax deductions but without requiring the legal bureaucracy for donors or projects.

GIVbacks = Donation Mining = Tokenized Tax Deduction Replacement = Public Goods Direct Incentives!

Our innovation in financing public goods is primarily about reducing costs by transferring the responsibility and power of choosing projects to the community instead of an elected group, which will select the projects and determine how much each should receive. It’s decentralization at its core.

Why do we need Giveth? We already have Gitcoin.

First, I love Gitcoin, they have funded so many public goods in the space and have made WAY more impact than Giveth has. That said, our approach compliments Gitcoin. Not only in the fact that we are a 24/7/365 donation platform (which Gitcoin is not), but also, we cater to more traditional nonprofits, as well as open source projects, so we have made our focus UX rather than decentralization.

Improving the UX for donors and projects has a major impact on the results of our QF rounds. In the last round with Polygon, we generated over $160,000 in donations from the community (75% of the matching pool value), 200+ projects, and 2300+ unique donors. Compare this to the Arbitrum rounds on Gitcoin and it’s truly impressive.

The four largest rounds completed on Gitcoin so far raised a total of $23,218 in external donations and $318k in Matching pool funds.

https://reportcards.gitcoin.co/42161/0x3ac78e1ae5086904d53b41c747188216789f59a7
https://reportcards.gitcoin.co/42161/0x8b70206844630d8c0a2a545e92d3c8d46a3ceaad
https://reportcards.gitcoin.co/42161/0xe6645e339be3d2036a18ec17aca62ae47e16207e
https://reportcards.gitcoin.co/42161/0x0f0b9d9f72c1660905c57864e79ceb409ada0c9e

Is your project composable with other projects on Arbitrum? If so, please explain:

Absolutely, any open-source project on Arbitrum can be verified on giveth, and then donors can support them and be rewarded on Arbitrum. Also, any project with a token can use that token to donate on Giveth. Very few projects are as interoperable as ours.

We are excited for integrations like the “Public Goods Router” to take shape, where donations can be offered to DeFi users. Any project could add this feature and support public goods, while also being rewarded with $GIV for collecting donations from their customers. It’s truly a win-win-win.

Also, we hope to invite the ecosystem to run more QF rounds on Giveth. Every round we have run so far has collected more than 75% of the matching funds in direct donations to projects.

Important to highlight that with the Polygon Round alone we raised over $160k from donations from the community, spread among over 200 projects, with over 2000 unique donors, and we want to bring the same results to Arbitrum.

Do you have any comparable protocols within the Arbitrum ecosystem or other blockchains?**

Gitcoin runs Quadratic Funding rounds, but other Web3 platforms that accept donations such as Endaoment, The Giving Block, and GivPact don’t accept $ARB or use the Arbitrum Network.

Besides that, Gitcoin can only be used to collect donations during active rounds that your project is accepted into, and Endaoment & The Giving Block only work for registered 501c3’s, while Giveth manages our own verification system which can accept open source developers and reward donations to them without the developers needing to have a legal entity at all, much less a 501c3 nonprofit.

Currently, we have a team that verifies that projects are providing a public good and are not imposters, but we are actively working to decentralize the verification process. Projects that are not public goods can still use our platform, though many features (such as donor rewards in GIVbacks and GIVpower’s Boosting) will not be available for projects that do not apply for verification and can prove they have used donations in the past to provide public goods.

How do you measure and think about retention internally? (metrics, target KPIs)

Relevant usage metrics - Please refer to the OBL relevant metrics chart 13. For your category (DEX, lending, gaming, etc) please provide a list of all respective metrics as well as all metrics in the general section: Using the general metrics (which apply to the community category) as the other categories (DEXs, Lending, Perpetuals, CDP / Stables, Bridge) don’t align with Giveth’s offering.

It’s worth noting that we launched Arbitrum a few days ago and will not run new QF rounds for Arbitrum for a few months, so we do not have any real stats on Arbitrum worth mentioning. Regarding the metrics, the ones that apply to our proposal are the Community ones, which we can see below.

It is important to highlight again that, even if we have stats showing that we’re stewarding an economy with daily and monthly users and transactions, we are still not a DeFi project, as our intent and tools aim to attract and reward donors and verified projects.

Daily Active Users: A time series metric representing the daily count of unique addresses interacting with the protocol’s contracts.

Methodology: We counted the number of donors (unique per month), projects (created per month), and donations per month from the stats.giveth.io, then divided it per 30 reaching a medium per day.

Unique Donors per day:

2021: 5.16

2022: 13.19

2023: 11.35

2024: 106.91

Projects Created per day:

2021: 3.48

2022: 2.62

2023: 1.80

2024: 3.24

Donations per day:

2021: 12.3

2022: 27.91

2023: 31.3

2024: 229.81

Daily User Growth: A time series metric representing the daily user growth (in addresses) interacting with the protocol’s contracts.

Methodology: Evolution of the medium of DAU (New Donors, Projects and Donations) per year.

Donors:

2021:

2022: 155.62%

2023: - 13.94%

2024: 841.93%

New Projects:

2021:

2022: - 24.7%

2023: - 31.29%

2024: 80%

Donations:

2021:

2022: 126.9%

2023: 12.1%

2024: 634.21%

Daily Transaction Count: A time series metric representing the daily number of transactions interacting with the protocol’s contracts.

$GIV Optimism: 14.22

$GIV Gnosis: 103

GIVpower Optimism: 1.29

GIVpower Gnosis: 29.7

GIVStream Optimism: 8

GIVStream Gnosis: 30.75

Daily Protocol Fee: A time series data representing the daily total protocol fee generated. For example, swap fees, borrowing fees, etc., comprising all economic value generated through the protocol, contracts, apps, etc., by users.

Not applicable, Giveth doesn’t charge any fees from donors or projects.

Daily Transaction Fee: A time series, daily total transaction fees generated daily by interactions with the protocol’s contracts.

Not applicable, Giveth doesn’t charge any fees from donors or projects.

Daily ARB Expenditure and User Claims: Data on individual ARB incentive claim transactions made by users, as incentivized by the protocol. It should include the timestamp, user address, and the claimed ARB amount. The spent ARB will allow for the normalization of growth metrics.

Not applicable since it’s been live for a week.

What incentives does the protocol require?

This grant will be used to provide long-term liquidity for GIV and keep users on the chain for the next several years. With the grant, our team would:

  1. Reward donors to verified projects on Arbitrum with GIVbacks streamed for the next several years on Arbitrum. This is with $GIV that is partially streamed to the users until Dec 2026.

  2. Allow GIV holders on Arbitrum to stake and lock their tokens in GIVpower for governance rights to boost projects.

  3. Arbitrum GIVpower users can Boost projects to show up higher on our home page and give more GIVbacks to their donors.

  4. Reward GIVpower users who have staked and locked their GIV will earn a yield in GIV streamed for the next several years on Arbitrum.

  5. Run 1 more Quadratic Funding Round to attract projects to Arbitrum (2 total).

With 50,000 $ARB Giveth would be able to provide liquidity for the GIVeconomy and accelerate the onboarding of new projects and users to the Arbitrum Ecosystem.

Where will the incentives be distributed?

20k $ARB to run 1 Quadratic Funding round on Arbitrum for Arbitrum builders and public goods. This is important to bootstrap the network effect of Arbitrum on Giveth. We will be running one round before the round discussed here as part of the Questbook Grant. This grant will support us in running 2 rounds total on Arbitrum. The round proposed here will only accept donations on Arbitrum.

30K $ARB will be used to create an LP against GIV to allow GIV to have a secondary market on Arbitrum. Giveth will use its own GIV and pair it with the ARB to make a 50/50 liquidity pool on the best dex as advised by the Arbitrum Grants committee.

To allow GIV to be given to donors on Arbitrum, we would need to have a liquid market on Arbitrum, otherwise we would be driving people off the chain. This is why we’d want to build our way up to a sizable protocol-owned LP with Arbitrum. This ARB will not be sold, it will simply be held in an LP for perpetuity. We would be very happy to hold it in a multisig with other members of the Arbitrum community so that Giveth doesn’t have control over it if that is deemed necessary.

In our honest opinion, this is much better than liquidity mining. We could create an ARB/GIV farm on Arbitrum and “rent” the liquidity, but the APRs for these pools require much more ARB to maintain. We estimate the APR for such a pool to find a balance at ~200%. This would mean around 30k ARB would get us about the same amount of liquidity but only for <6 months. We have a GIVstream for 2.5 years!

Rent the liquidity for 6 months or lock it for perpetuity… it seems like a no-brainer. A protocol-owned liquidity approach is much more beneficial for the Arbitrum ecosystem, so we have included that in this proposal.

The incentives would be distributed as follows:

$30k amount to provide liquidity for $GIV rewards within the Arbitrum ecosystem.

$20k amount to hold a Quadratic Funding Round to accelerate the adoption of Giveth for open source projects on Arbitrum and Public Goods projects already on Giveth.

We understand the ARB will be distributed in a 12-week timeline and that is perfectly acceptable for us.

Why will they make an impact on distribution?

While donations to early-stage projects can make a huge difference, it demands several working hours of a designated team to curate projects (we’re seeing how much energy the team of advisors is focusing on providing feedback for projects that are already solid within their ecosystem), decide how much to give for each of them and follow their development.

With the GIVeconomy on Arbitrum, the community will be empowered to curate the best projects and teams while receiving GIVbacks that can be used to increase their power (with GIVpower) or just staking them to increase their GIVstream. Right now this curation is only done on Optimism and Gnosis Chain

The expected impact, considering the intention and the capacity displayed above is:

  1. Migrate a well-respected platform (Giveth) fully to the Arbitrum network, giving the community voting power and token incentives natively on Arbitrum (currently donations on Arbitrum receive $GIV on Gnosis Chain)
  2. Boost an underrepresented niche use of blockchain (donations to impact projects) on Arbitrum
  3. Create a second platform that can be used for Quadratic Funding rounds on top of Arbitrum (Gitcoin being the other)
  4. Lock Giveth users to Arbitrum for the next 2.5 years. These are REAL users who are altruistic and proud of their actions on Arbitrum, not mercenary users who are only extracting value for their own profit out of greed.

How will that impact be retained post-incentives?

Once we migrate the GIVeconomy to Arbitrum, the donors will be rewarded with locked GIV until Dec 2026, which means all users on Arbitrum will have to come back to Arbitrum to collect the rewards streamed to them for the next 2.5 years. We will continue to incentivize donations on Arbitrum with our token for the foreseeable future. But with this grant, we can migrate the entire GIVeconomy to Arbitrum and rewards will be given out on Arbitrum instead of Gnosis Chain. We are not proposing a 12-week program, we are proposing a FOREVER program.

Incentivized User List & Gini: The list should include users incentivized by the protocol along with their performance metrics. For instance, if trading volume is incentivized, this would be a list of traders with their respective trading volumes. If liquidity providers are incentivized, it would include a list of LPs and their liquidities in USD. Protocols should also strive for more uniform engagement levels across a wide user base for long-term sustainability, which will be measured through a gini coefficient across reward recipients.

Currently, there are 3,231 projects and 12,602 donors on Giveth. To list all of them here would mess up the proposal. But since we value full transparency, the latest distribution of our GIVbacks rewards is linked below. You can see all of them on our forum.

Regarding specific wallet addresses, one can check the holders by checking the address of the contract in the different L2s where GIV is present:

Ethereum:

0x900db999074d9277c5da2a43f252d74366230da0

Optimism:

Our Token on Optimism is 0x528cdc92eab044e1e39fe43b9514bfdab4412b98 but most users stake for GIVpower, so a better user count is there 0x301c739cf6bfb6b47a74878bdeb13f92f13ae5e7

Gnosis:

Our Token on Gnosis is 0x4f4f9b8d5b4d0dc10506e5551b0513b61fd59e75, but most users stake for GIVpower, so a better user count is there 0xd93d3bdba18ebcb3317a57119ea44ed2cf41c2f2

Do you agree to remove team-controlled wallets from all milestone metrics AND exclude team-controlled wallets from any incentives included in your plan: [Yes/No]

Yes

Did you utilize a grants consultant or other third party not named as a grantee to draft this proposal? If so, please disclose the details of that arrangement here, including conflicts of interest (Note: this does NOT disqualify an applicant):

No.

SECTION 2b: PROTOCOL DETAILS

Provide details about the Arbitrum protocol requirements relevant to the grant. This information ensures that the applicant is aligned with the technical specifications and commitments of the grant.

Is the protocol native to Arbitrum?: [Yes/No, and provide explanation]

No, Giveth was born in 2016, the early days of the Ethereum Network.

On what other networks is the protocol deployed?: [Yes/No, and provide chains]

Yes, Gnosis Chain, Ethereum Mainnet, Ethereum Classic, Optimism, Polygon, Solana, and Celo.

What date did you deploy on Arbitrum mainnet?: [Date + transaction ID. If not yet live on mainnet, explain why.]

It was soft-launched on Sunday, February 25, 2024. Although projects on Arbitrum can already receive donations on Giveth since last Sunday.

Giveth being live on Arbitrum allows projects to add an Arbitrum address to receive donations, so there is no direct transaction link, but here is the announcement tweet from March 1st:

https://x.com/Giveth/status/1763520090731864538?s=20

Do you have a native token?: [Yes/No/Planned, link tokenomics docs]

Yes, in this link one can see the macro of the GIVeconomy: GIVeconomy: Empowering our collective to build the Future of Giving.

Past Incentivization: What liquidity mining/incentive programs, if any, have you previously run? Please share results and dashboards, as applicable?

Currently, we reward Arbitrum donations by giving donors GIV on the Gnosis Chain.

Current Incentivization: How are you currently incentivizing your protocol?

Currently, Giveth’s maintenance and advancements are funded through grants.

Have you received a grant from the DAO, Foundation, or any Arbitrum ecosystem related program? [yes/no, please provide any details around how the funds were allocated and any relevant results/learnings(Note: this does NOT disqualify an applicant)]

Yes, Giveth received $5535 ($535 in donations and $5000 from the matching pool) from a QF round on Gitcoin run by Plurality Labs and a 7.5k $ARB grant in the context of the Questbook program to integrate Arbitrum One to Giveth so projects can raise funds through the platform. Details can be checked here:

Last Sunday, February 25th, Arbitrum One was successfully integrated into Giveth and there are already projects accepting donations through Arbitrum One on Giveth.

The best way to verify is going to Give directly to for-good projects with crypto & zero fees, click on ‘filters’ and select Arbitrum.

Protocol Performance: [Detail the past performance of the protocol and relevance, including any key metrics or achievements, dashboards, etc.]

You can see our analytics page at https://stats.giveth.io

Protocol Roadmap: [Describe relevant roadmap details for your protocol or relevant products to your grant application. Include tangible milestones over the next 12 months.]

Our DAO votes on the roadmap for each working group, but to highlight a few important pieces for our platform in 2024:

  • Superfluid Integration for Streaming donations (Patreon Style)

  • Allowing non-public goods projects to participate in the GIVpower staking program

  • QF improvements including being able to run multiple rounds at once.

  • Gurves Research has hit a major milestone and we expect to launch Bonding Curves for Projects on Giveth, collateralized by GIV, before the end of the year.

Specifically related to Arbitrum:

  • Run our first QF round on Arbitrum (to complete the Questbook grant).
  • Deploy our GIVbacks infrastructure so that donors on Arbitrum can receive GIV and a GIVstream on Arbitrum, locking them into the network until Dec 2026 (to complete this grant).
  • Deploy our GIVpower infrastructure so that GIV stakers on Arbitrum can boost projects on Giveth and receive GIV and a GIVstream on Arbitrum locking them to the network until Dec 2026 (to complete this grant).
  • Run an Arbitrum-specific QF round on Arbitrum (to complete this grant).

Audit History & Security Vendors:

Audit History & Security Vendors: [Provide historic audits and audit results. Do you have a bug bounty program? Please provide details about your security implementation including any advisors and vendors.]

Our Audit: code-reviews/Giveth GIVeconomy Contracts Code Review.pdf at main · lastperson/code-reviews · GitHub

Security Incidents: [Has your protocol ever been exploited? If so, please describe what, when, and how for ALL incidents as well as the remedies to solve and mitigate for future incidents]

Yes, there was a small exploit in late 2022 due to the profanity exploit, one of the private keys we were using to manage the economy was recreated and used to manipulate the reward rate of our staking pool. This exploit caused about $40k $GIV and $1K USD of $CULT to be dumped on the open market. You can read our retrospective here.

We have never had a smart contract hack, our founder, Griff Green, has self-proclaimed PTSDAO and is pretty paranoid about these things.

SECTION 3: GRANT INFORMATION

Detail the requested grant size, provide an overview of the budget breakdown, specify the funding and contract addresses, and describe any matching funds if relevant.

Requested Grant Size: [Enter Amount of ARB Requested]

50k ARB.

Justification for the size of the grant:

20k $ARB would be used to hold a Quadratic Funding Round to accelerate the adoption of Giveth for open source projects on Arbitrum and the adoption of Arbitrum for Public Goods projects already on Giveth.

30K $ARB will be used to create an LP against GIV to allow GIV to have a secondary market on Arbitrum.

Giveth will use its own GIV and pair it with the ARB to make a 50/50 liquidity pool on the best DEX as advised by the Arbitrum Grants committee.

Grant Matching:

We will distribute GIV rewards to our GIVpower staking Pool and to Donors on Arbitrum. We will use our own GIV and pair it with the ARB to make a 50/50 liquidity pool on the best DEX as advised by the Arbitrum Grants committee.

We will also try to collect other sponsors to grow the Arbitrum Matching Pool.

Grant Breakdown:

20k $ARB would be used to hold a Quadratic Funding Round to accelerate the adoption of Giveth for open source projects on Arbitrum and the adoption of Arbitrum for Public Goods projects already on Giveth.

30K $ARB will be used to create an LP against GIV to allow GIV to have a secondary market on Arbitrum.

Funding Address: [Enter the specific address where funds will be sent for grant recipients]

The contract that receives the grant: 0x01d1909cA27E364904934849eab8399532dd5c8b

Enter details on the status of the address; the eligible address must be a 2/3, 3/5 or similar setup multisig with unique signers and private keys securely stored (or an equivalent custody setup that is clearly stated).

Funding Address Characteristics: [Enter details on the status of the address; the eligible address must be a 2/3, 3/5 or similar setup multisig with unique signers and private keys securely stored (or an equivalent custody setup that is clearly stated). The multisig must be able to accept and interact with ERC-721s in order to accept the funding stream.

This is a 2/3 gnosis safe

Treasury Address: [Please list out ALL DAO wallets that hold ANY DAO funds]

[grants.giv.eth](DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker
GIVgarden Common Pool

Giveth Garden Multisig

Giveth Garden

giv.eth

liquidity.giv.eth

Giveth rGIV

Contract Address: [Enter any specific address that will be used to disburse funds for grant recipients]

The contract that receives the grant: 0x01d1909cA27E364904934849eab8399532dd5c8b

Also donation.eth will be used for distribution of the matching pools during QF rounds 0x6e8873085530406995170Da467010565968C7C62

And the GIV<>ARB LP would be held by 0xf924fF0f192f0c7c073161e0d62CE7635114e74f

SECTION 4: GRANT OBJECTIVES, EXECUTION AND MILESTONES

Clearly outline the primary objectives of the program and the Key Performance Indicators (KPIs), execution strategy, and milestones used to measure success.

Objectives:

General Goals

For the Arbitrum ecosystem, the main goal is to make it as easy as possible for projects on Giveth to adopt Arbitrum and collect donations.

For donors: we are the only 24/7/365 donation platform on Arbitrum and we have a chance to lock donors onto the network until the end of 2026.

For Giveth: To double down on Arbitrum by migrating the GIVeconomy to the network.

Specific Goals

  • Reward donors to verified projects on Arbitrum with GIVbacks streamed for the next several years on Arbitrum.

  • Allow GIV holders on Arbitrum to stake and lock their tokens in our GIVpower staking pool for governance rights to boost projects. Boosted projects show up higher on our home page and give more GIVbacks to their donors.

  • Reward GIVpower users who have staked and locked their GIV, which will earn a yield in GIV streamed for the next several years on Arbitrum.

1 Quadratic Funding Round for projects on Arbitrum accepting only Arbitrum donations.

Execution Strategy:

20k $ARB would be used to hold a Quadratic Funding Round to accelerate the adoption of Giveth for open source projects on Arbitrum and the adoption of Arbitrum for Public Goods projects already on Giveth. We have one QF round planned besides this in the next few months.

30K $ARB will be used to create an LP against GIV to allow GIV to have a secondary market on Arbitrum. Giveth will use its own GIV and pair it with the ARB to make a 50/50 liquidity pool on the best dex as advised by the Arbitrum Grants committee.

The steps of implementation of the GIVeconomy to Arbitrum would follow as below:

  1. Migrate the token to Arbitrum
  2. Create a small GIV<>ARB pool with our first distribution
  3. Launch the GIVstream contracts
  4. Launch the GIVbacks contracts
  5. Begin processing GIVbacks
  6. Create a DAO vote to initialize GIVpower incentives on Arbitrum
  7. Add the rest of the funds to the GIV<>ARB pool
  8. Launch the GIVpower contracts
  9. Update the frontend of the GIVeconomy pages
  10. Run the Arbitrum QF round

What mechanisms within the incentive design will you implement to incentivize “stickiness” whether it be users, liquidity or some other targeted metric? [Provide relevant design and implementation details]

While the front facet of the GIVeconomy revolves around the GIV token itself, the forefront incentives take form in the GIVbacks—a fluid and continuous reward system for donors contributing to verified projects. This commitment binds each donor within the Arbitrum Network, ensuring they can collect rewards over the subsequent 2.5 years.

However, the scope of the GIVeconomy transcends mere token rewards. GIV holders possess the opportunity to further engage by staking and securing their tokens within GIVpower, thereby gaining governance rights to elevate the status of preferred verified projects. These incentives, similarly streamed, tether every staker to the Arbitrum Network for the forthcoming 2.5 years.

GIV stakers within Arbitrum wield voting authority in decisions concerning the Giveth ecosystem’s treasury, roadmap, and overarching mission. Additionally, they hold the power to boost projects through GIVpower, underscoring the comprehensive engagement and empowerment within our ecosystem.

For details about each of the parts of the GIVecononomy, one can check the following link:

Specify the KPIs that will be used to measure success in achieving the grant objectives and designate a source of truth for governance to use to verify accuracy. [Please also justify why these specific KPIs will indicate that the grant has met its objective. Distribution of the grant itself should not be one of the KPIs.]

Unique Donors on Arbitrum

Projects Created with an Arbitrum Address

Donation txs on Arbitrum

Donation value on Arbitrum
$GIV txs on Arbitrum

$GIVpower txs on Arbitrum

$GIVstream txs on Arbitrum

Grant Timeline and Milestones: [Describe the timeline for the grant, including ideal milestones with respective KPIs. Include at least one milestone that shows progress en route to a final outcome. Please justify the feasibility of these milestones.]

Since donations are already live on Arbitrum, our milestones are quite straightforward, and they are related to implementing the GIVeconomy on Arbitrum and finally adding liquidity to an $ARB <> $GIV pool:

The features below are the result of actions that will be described soon.

  1. Reward donors to verified projects on Arbitrum with GIVbacks streamed for the next several years on Arbitrum.

  2. Allow GIV holders on Arbitrum to stake and lock their tokens in GIVpower for governance rights to boost projects.

  3. Arbitrum GIVpower users can Boost projects to show up higher on our home page and give more GIVbacks to their donors.

  4. Reward GIVpower users who have staked and locked their GIV will earn a yield in GIV streamed for the next several years on Arbitrum.

  5. Quadratic Funding Round for projects on Arbitrum.

  6. Final Report

This will all be completed within 3 months of the grant passing. GIVbacks will be done within a month of getting the grant, GIVpower will be done within 2 months, the QF round will have started within 3 months. We need the long lead time to run the QF round so that we can collect sponsors and projects for the round.

How will receiving a grant enable you to foster growth or innovation within the Arbitrum ecosystem? [Clearly explain how the inputs of your program justify the expected benefits to the DAO. Be very clear and tangible, and you must back up your claims with data]

We will migrate our economy to Arbitrum and by doing so, all donors and GIVpower stakers will be collecting streaming rewards for the next 2.5 years, even if they stop staking or stop donating. These are probably some of the stickiest rewards offered in LTIPP and we need to have 30k ARB in an LP paired with GIV to make sure there is Liquidity for GIV for the next 2.5 years so that the value is real.

We will also run a QF round that will attract builders and Public Goods projects around the world to Arbitrum. This will require 20k ARB but we hope to grow the pool with other sponsors. Also our QF rounds have historically attracted over 75% of the matching pool value in donations (see stats in the “Product Information” section) so we would expect similar results in our Arbitrum rounds as well.

.

Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your stream? [Yes/No]

Yes

SECTION 5: Data and Reporting

OpenBlock Labs has developed a comprehensive data and reporting checklist for tracking essential metrics across participating protocols. Teams must adhere to the specifications outlined in the provided link here: Onboarding Checklist from OBL 16. Along with this list, please answer the following:

Is your team prepared to comply with OBL’s data requirements for the entire life of the program and three months following it, and then hand it off to the Arbitrum DAO? Are there any special requests/considerations that should be considered?

[1] Yes, [2] no.]

Does your team agree to provide bi-weekly program updates on the Arbitrum Forum thread that reference your OBL dashboard? [Please describe your strategy and capabilities for data/reporting]

Yes

First Offense: *In the event that a project does not provide a bi-weekly update, they will be reminded by an involved party (council, advisor, or program manager). Upon this reminder, the project is given 72 hours to complete the requirement or their funding will be halted.

Second Offense: Discussion with an involved party (advisor, pm, council member) that will lead to understanding if funds should keep flowing or not.

Third Offense: Funding is halted permanently

Does your team agree to provide a final closeout report not later than two weeks from the ending date of your program?

This report should include summaries of work completed, final cost structure, whether any funds were returned, and any lessons the grantee feels came out of this grant. Where applicable, be sure to include final estimates of acquisition costs of any users, developers, or assets onboarded to Arbitrum chains. (NOTE: No future grants from this program can be given until a closeout report is provided.)

Yes

Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?: [Y/N]

Yes

[/quote]

2 Likes

Hello @MarceloReFi

Thank you for your application! We can confirm your application has been submitted and you will be assigned an advisor shortly.

2 Likes

Hey Matt, thanks,

I noticed a typo in the tittle, how can I correct it?

1 Like

you can use the ‘edit’ icon (the pen emoji) to amend the title.

1 Like

That was the first thing I tried, but:

1 Like

Hello @MarceloReFi,

Thank you for your application! Your advisor will be SeedLatam Gov @SEEDGov

Please join the LTIPP discord and ping your advisor in the general chat so they can create a new channel and start communicating with you.

3 Likes

Also, as I try to edit the post, to add the link to the Twitter profiles of the team members, I keep receiving a 422 error notice. Do you know how can I solve this?

1 Like

could you try again now?

1 Like

Hey Raam, thanks, now it worked!

3 Likes

@MarceloReFi Arbitrum LTIPP

2 Likes

Hey, @cliffton.eth and @raam, I finished applying the changes, but I was trying to change the title myself.

1 Like