Giveth - Building the Future of Giving

Project Name

Giveth

GIVToken_200x200

Project Description

Giveth.io is an open-source, transparent, and user-friendly donation platform that allows projects to crowdfund on Ethereum Mainnet, Gnosis Chain, Polygon, Optimism, Celo and Ethereum Classic. It supports the work of web3 & real-world impact projects, with zero fees on donations and no intermediaries. Giveth promotes philanthropy with innovative web3 donation features such as donor rewards, decentralized project curation & quadratic funding. Currently, nearly three thousand projects are raising funds on Giveth, ranging from feeding the homeless to building open source software.

Giveth’s goal is to revolutionize the funding of public goods, helping nonprofits evolve beyond sacrifice-based systems into ones that benefit all parties involved. Through Giveth, impact projects will eventually be nurtured into DAOs with regenerative economies, thereby transforming the Giveth DApp into an impact investment hub for public goods. Our roadmap is set up to gradually empower nonprofits with web3 tech by giving them access to new chains, new ecosystems, new fundraising tools, and ultimately aims to give them their own economies by introducing Gurves - bonding curves collateralized by GIV.

Classification as a Public Good

Giveth exhibits several characteristics that qualify it as a public good:

  • Open Source & Radically Transparent: All our code, development and work as a DAO is completely open and forkable. Our calls take place in open discord channels and are streamed live to YouTube. Our goal is to build in public so that anyone can learn from or improve upon what we’ve built.
  • Free for Donors & Project Owners: Anyone can create a project on Giveth in minutes and start raising funds for their for-good initiative. Donations are completely P2P - with no intermediaries or platform fees - funds go directly from the donor’s wallet to the project’s.
  • Globally Accessible: Giveth is home to projects all over the world - from land stewardship projects in Latam to educational programs in Africa. The platform is available in 3 languages, and we are working on adding more. Our goal is to connect projects and donors on a global scale.
  • Community-Driven: We actively seek to involve our community in our evolution. We run an ambassador program and use Praise to reward decentralized contributions to our development, communications and growth.
  • Verifying Projects: Giveth offers for free a system of project verification, wherein we investigate and validate if a project on Giveth is verified public good and, in particular, providing free value to their communities with a history of impact. This means that donors can trust that projects are who they say they are and they are making a real, verifiable impact.
  • Giving Back: We take supporting public goods one step further by giving rewads to donors to verified public goods projects on our platform.

Giveth is - in essence - a public good that supports other public goods. We are community first, open source, globally accessible, and on a mission to reward and empower those who give.

Main Project Funding Sources

Giveth is an open source zero fee platform that has been around since 2016, sustained without any VC investment. We are actively working to create sustainable funding mechanisms and are heart-set on creating economic models instead of extractive models. Our funding to-date has come from (in order of impact):

  1. Donations
  2. Application-based grants and RetroPGF
  3. QF rounds
  4. Dev work for third parties

Team Information, including backgrounds and roles

Giveth’s core team comprises around ~15 full time members, bolstered by over ~30 dedicated contributors who share a deep passion for our cause. Notable team members include:

  • Griff Green, a co-founder of Commons Stack, Giveth, General Magic, and DAppNode, is a prominent figure in the Ethereum community and a top steward in various Ethereum projects.

  • Lauren Luz, Giveth’s product lead and communications advisor, known for spearheading major Giveth initiatives and campaigns. She’s a visionary leader in the Giveth DAO and a problem-solving advocate.

  • Cherik, Giveth’s Lead Front-End Developer, has been instrumental in enhancing the front-end design of Giveth products.

  • Almond focuses on community building and communications, strengthening Giveth’s connections and outreach.

Social Credibility (development progress, awards, notable GitHub commits, referrals)

Giveth has been around since 2016 and has a very strong reputation in the space. We’ve had strong representations at various conferences including this past year’s EthDenver, ETHBarcelona and Devconnect Istanbul. You can find more info through our site, socials or github, linked below:

Website: https://giveth.io/
Twitter: https://twitter.com/giveth
Instagram: Giveth Io (@giveth.io) • Instagram photos and videos
Youtube: https://www.youtube.com/givethio
Discord: https://discord.giveth.io/
Github: Giveth · GitHub

Discord Contact

@karmaticacid

Eligibility Criteria

  • Do you have a commitment to open-source (i.e. every open-source license accepted by the Open-Source Initiative technology and sharing results publicly? Yes!

  • Have you provided transparency about how exactly funding will be used? Yes! 50% of the funds will be used to fuel quadratic funding rounds on Giveth (i.e. will be used to match donations to public goods projects on our platform). The other 50% will be used to pay salaries of our team so that we can continue building and improving our donation platform, and supporting our community.

  • Are you advancing values of freedom and privacy (no surveillance and handling of personal data)? Yes! All donations made through our platform are P2P, on chain, with zero intermediaries.

  • Are you supporting decentralization in various fields (for example building Web3 projects? Yes!

  • Have you provided social media channels to the extent that we can confirm social proof of your project? Yes! Links above.

3 Likes

Hey everyone! We are so excited to be included in Epoch 2, and are equally excited to share an update of our progress since having received funding from Octant. The funds from Epoch 1 were split 50/50:

  • 50% went to our donation.eth multisig for use as matching funds in quadratic funding rounds on Giveth
  • 50% went to paying the salaries of our team so that we could continue to maintain and improve our platform & products.

The next sections provide a breakdown of the impact of that funding.

Recent progress & Use of funds

Quadratic Funding

Part of the funds from Octant (from Epoch 0 and Epoch 1) have been used to co-sponsor 2 QF rounds on Giveth. The first one is completed and matching funds distributed, and the second one is ongoing!

Giveth Optimism Round (October 9-23, 2023):

  • Matching Pool: 25,000 DAI
  • Donations: $23k from individual donors
  • Engagement: 125 projects, 388 donors, 1,728 donations
  • Co-Sponsors: Charlie Feng, Auryn Macmillan, Aragon Project, Public Nouns & Octant App
  • Octant App Contribution: ±$16.7k USD, creating almost triple the impact

Giving Season QF Round (December 19, 2023 - January 2nd, 2024):

  • Matching Pool: 25,000 USDGLO
  • Co-Sponsors confirmed: Octant App, Public Nouns & Glo Dollar
  • Octant App Contribution: ±$17.9k USD
  • Since this round is ongoing, engagement & donations are TBD.

Enhancements to Giveth Platform

Other progress made by our team recently, thanks for funding received from Octant is as follows:

  • Wallet Connect v2 Integration: Completed and launched, improving UX & streamlining our dApp for mobile users.

  • Collaboration with IDriss: We integrated IDriss to enable donations to Giveth projects through Twitter/X & include them in our QF rounds.

  • Multilingual Platform Optimization: To improve accessibility, we built a feature that allows Giveth to appear in Spanish (or Catalan) if the user is connecting from a country that uses that language.

  • Launch of ‘Gurve’: Our first GIV-backed bonding curve, a big leap towards supporting nonprofits in regenerative economies.

What’s on the roadmap

In the new year, we hope to continue running QF rounds on Giveth, creating a bigger impact for the public goods projects raising funds on our platform. In addition, we are actively working on the following improvements to our dApp and making steady progress:

  • Multisig Enhancements: Making it smoother for Safes to interact with our dApp. Expect features like making donations, curating projects with GIVpower, and creating unique Giveth profiles for multisigs.

  • Improved Sign-In Flow: We’re streamlining the process for users signing into Giveth profiles from non-EVM chains, enhancing accessibility and ease of use.

  • Expanded Wallet Connectivity: Expect broader compatibility with various web3 wallets through Wallet Connect, ensuring everyone can access Giveth easily.

  • Account Abstraction Integration: Get ready for a game-changer with social login, social recovery, gasless transactions, and more! This feature is set to revolutionize how nonprofits interact with Giveth.

  • Giveth APIs: We’re opening up new possibilities for external projects to interact with Giveth. This means you can make donations and create projects outside of our UI, broadening our ecosystem.

  • Email Service Migration: To keep our communication smooth and efficient, we’re upgrading our email services. This will ensure better and more consistent communication with our donors and projects.

Grant/donations funding

Since the last epoch we have gotten funding from:

  • Gitcoin grants: $±1k in donations and ±$5k in matching in the web3 community and education round.
  • ENS Small Grants: 5 ETH * 2.
  • Donations to Giveth directly: ±$500 since Nov 2.
  • Got awarded (but not paid out) a milestone-based grant of $22.5k from Solana, dedicated to funding the integration of Solana on Giveth, and it will be paid out once the integration is complete and a donation threshold on Solana is reached.
  • Got awarded (but not paid out) a milestone-based grant of $20k from Superfluid, dedicated to integrating Superfluid for “recurring” donations to projects on Giveth, which will be paid out once completed and a usage threshold is reached.
  • Got awarded (partially paid out so far) a milestone-based grant of $20k from Ethereum Classic, to integrate ETC on Giveth.
  • Applied for Optimism Retro PGF, with no result yet.

Other sources of funding

  • Revenue from QF rounds: $2500 (+ $2500 to be paid out at the end for the Giving Season QF round)

Learn more about Giveth

A big thank you to everyone who’s part of the Octant Community. Your support is shaping the future of giving!

3 Likes

Hey folks!

Thanks to a great suggestion from @mat7ias, I’m sharing here a link to the Giveth forum. Our salary payments & reimbursements, results from QF rounds and more is posted throughout the forum, so if you want to dive deeper into what we are up to, it’s a great place to go.

Please feel free also to leave a comment in here, or contact me Lauren Luz on Telegram, if you have any specific questions.

1 Like

Hi folks!

I’m excited to share with you an update on our progress from Dec-March & break down how we’ve been using this funding.

First off, a major thank you to everyone who voted for us in the last allocation window. Your support really makes a big difference in keeping us afloat as we continue to build & improve our free, open source donation platform, and make a big difference to the public goods projects who have been receiving funds through Octant-funded QF rounds on Giveth.


The funds from Epoch 2 (10.2301 ETH) were split 50/50:

  • 50% went to our donation.eth multisig for use as matching funds in quadratic funding rounds on Giveth
  • 50% went to giv.eth to be used to pay the salaries of our team so that we could continue to maintain and improve our platform & products.

The next sections provide a breakdown of the impact of that funding.

Recent progress & Use of funds

Quadratic Funding

The Giving Season QF round (December 19, 2023 - January 2nd, 2024) - that I mentioned in my last update - has successfully been completed and funds sent to projects. Here are some stats at a glance:

  • Matching Pool: 25,000 USDGLO
  • Donations: $17,125 from individual donors
  • Engagement: 85 verified projects, 211 unique donors, 949 total donations
  • Co-Sponsors: Octant App, Public Nouns & Glo Dollar
  • Octant App Contribution: ±$17.9k USD, creating more than double the impact

We received approx. 5.115 ETH in Epoch 2 that is being held in our donation.eth multisig and has been earmarked for our next co-sponsored public goods-focused rounds on Giveth (next one, ETA April 2024).

Enhancements to Giveth Platform

Other progress made by our team recently, thanks in part for funding received from Octant is as follows:

Completed :white_check_mark:

  • Liquid Staking: Partnered with Stake Together to create a liquid staking opportunity where users can deposit ETH, earn yield, and a % of their earnings go to supporting verified projects on Giveth.
  • Multisig support: Added support for Multisig Wallets, allowing Multisigs to create projects, make donations and boost with GIVpower! As well now project owners have more options for better security and collaboration.
  • Improving QF: Made many improvements to our infrastructure for QF, making it easier and more efficient to run & operate rounds.
  • Email Service Migration: Upgraded our email & CRM platform to keep our communication with donors and projects smooth and efficient.
  • Custom Donation Widget: Worked with Donorship on a widget that allows websites to facilitate donations to Giveth projects.
  • Solana: Added Solana as an option for donating & fundraising on Giveth. This marks the first integration of a blockchain outside Ethereum on our platform.
  • Arbitrum: Added Arbitrum as an option for donating & fundraising on Giveth, thereby creating greater possibilities for future co-sponsored QF rounds.

In Progress :muscle:

In the new year, we hope to continue running QF rounds on Giveth, creating a bigger impact for the public goods projects raising funds on our platform. In addition, we are actively working on the following improvements to our dApp and making steady progress:

  • Recurring Donations: Integrating Superfluid to allow for streaming “recurring” donations to be set up to flow to projects on Giveth.
  • Project Attestations: Scoping out a decentralized project attestation system, allowing trusted ecosystem members to attest if a projects are legitimate, thereby taking steps towards decentralizing our verification system.
  • Onboarding Guides: Improving our onboarding guides & project creation flow to help projects become more successful.
  • Enhancing the UX for signing in and browsing projects: Allowing donors to navigate the dApp more easily.
  • Expanded Wallet Connectivity: Expect broader compatibility with various web3 wallets through Wallet Connect, ensuring everyone can access & navigate Giveth easily.
  • Improving GIVbacks process: We are updating the way we send GIV to donors who give to public goods projects, making our system more efficient & easier to operate.

In the Pipeline & Under Research :mag_right:

  • Combine quadratic funding & bonding curves in a framework that supports projects in launching their own microeconomies.
  • Improve our quadratic funding round UX so that multiple QF rounds can happen simultaneously.
  • Develop a “cart” checkout feature to enable bulk transaction donating on Giveth.
  • Integrate other L1s and L2s to allow projects more options for fundraising.

Funding Sources

Giveth is a completely free donation platform that charges no fees from donors or projects to use our platform. Our sources of funding are predominately public goods funding mechanisms like Octant, direct donations & grants. Since the last epoch, funding sources are as follow:

Grant/Donations Funding

  • Participated in a GLO <> Arbitrum Gitcoin Grant Round, raising ±$350 USD in donations. Matching funds amount is still pending.
  • Raised ±$2631 USD in direct donations to the Giveth project on Giveth.io
  • Got awarded 149,068 $OP from Optimism RPGF, which is being paid out via stream from mid-February to mid-May.
  • Got awarded & paid out $5000 USD of $ARB for adding Arbitrum to Giveth (plus $2500 USD in $ARB which is being used to co-sponsor our next public goods QF round).
  • Got awarded 24k $OP to be used specifically to provide liquidity for $GIV on Optimism (see velodrome pool here).

Other sources of funding

  • Revenue from QF rounds: 25000 MATIC for running a Polygon-specific QF round, and 1000 USDC for running a APAC QF round for Meta Pool.
  • Sold 33 Givers NFTs (our Giveth NFT collection), resulting in 3300 DAI of revenue.

Learn more about Giveth

A big thank you to everyone who’s part of the Octant Community. Your support is shaping the future of giving!

My Octant People!

It’s my pleasure to provide some updates as to what the Giveth Galaxy has been up to since Lauren’s last updates in March. Without further ado, let’s cover April, May and June together!

As always, we have to start out by giving a BIG THANK YOU to everyone in the community who allocated for us and therefore continues to support Giveth and our mission to build & improve our free, open source donation platform! The ETH received during these epochs is not only helping to keep the lights on, but is the sponsorship foundation our QF rounds are built upon.


The funds from Epoch 3 (13.3081 ETH) are being used very similarly to epoch 2, split 50/50:

  • 50% to our donation.eth multisig (QF matching pool) for use as matching funds in quadratic funding rounds on Giveth.

  • 50% to our giv.eth multisig (main Giveth funding) to be used to pay the salaries of our team so that we could continue to maintain and improve our platform & products.

The next bits provide a breakdown of the impact of that funding.

Recent progress & Use of funds

Quadratic Funding

The Galactic Giving QF round (May 2nd, 2024 - May 16th, 2024) aimed to support verified public goods projects. The round has been completed(Galactic Giving Round Results (May 2-16, 2024) - Quadratic Funding - Giveth Forum: Join the conversation to shape the Future of Giving) with funds set to be sent to projects around June 12th, 2024.

Here are some stats at a glance:

  • Matching Pool: 50,000 USDGLO

  • Donations: $37,068 USD from individual donors

  • Engagement: 96 verified projects, 1531 unique donors, 4313 total donations

  • Co-Sponsors: Octant App, Public Nouns, Glo Dollar, Arbitrum, Lotto PGF, Open Dollar, GMX, Premia, MUX, WOOFi, Gains Network, Rage Trade, DODO & Kyle from Gitcoin

  • Octant App Contribution: ±$7250 USD (2.20 ETH), creating 12X the impact

We are now preparing for our next round, GIV-Earth, that will support environmentally-focused verified projects on Giveth. This round will start near the end of June and the matching pool will be in-part sponsored by ETH from previous epochs.

Any ETH gained from Octant’s epochs for QF rounds that is not used towards this round will be held in our donation.eth multisig and earmarked for future quadratic funding matching pools.

Enhancements to Giveth Platform

What else have we been up to? Recent progress, in part, thanks to the allocation received via the epochs are as follows:

Completed :white_check_mark:

  • Improved systems around QF: Made many improvements to our infrastructure, as well as our sybil & fraud protection systems thanks to Cluster Mapping for QF, making it easier and more efficient to run & operate rounds. We also welcomed a new PM!

  • Recurring Donations: Integrated Superfluid to allow users to set up streaming (“recurring”) donations to “recurring” donations to flow to projects on Giveth.(x.com)

  • Liquid Staking: Partnered with Stake Together to create a liquid staking opportunity where users can deposit ETH, earn yield, and a % of their earnings go to supporting verified projects on Giveth.

In Progress :soon:

For the rest of this year, we will continue running QF rounds on Giveth, creating a BIGGER impact for the public goods projects raising funds on our platform.

In addition, we are actively working on the following improvements to our dApp and making steady progress:

  • DeVouch - Decentralized Verification: Building a decentralized project attestation system, allowing trusted ecosystem members to attest if projects are legitimate, thereby taking steps towards decentralizing our verification system.

  • q/acc: In partnership with Polygon, building a product that combines quadratic funding with augmented bonding curves, setting up a web3 token launchpad.

  • Improving GIVbacks: improving the efficiency of our donor rewards system with everything from recirculation review process, distribution process, distribution networks, and more.

  • GIVeconomy improvements: Optimizing GIV liquidity, improving GIV token listings on DEXs and wallets, and building a GIVeconomy dashboard to enhance transparency and adoption of GIV in preparation for Gurves.

  • Base Integration: Integrating the Base L2 chain for donations.

  • Endaoment Integration: Collaborating with Endaoment to facilitate GIVbacks eligible donations to thousands of non-profit organizations across the globe.

  • Improving GIVbacks process: We are updating the way we send GIV to donors who give to public goods projects, making our system more efficient & easier to operate.

In the Pipeline & Under Research :mag_right:

  • Improve our quadratic funding round UX, making adjustments to the passport verification process and scoping out user-requested features like bulk checkouts.

  • Redesign GIVeconomy-side of Giveth to optimize for power users, streamline information, and generally improve UX.

  • Integrate other L1s and L2s to allow projects more options for fundraising.

  • Scope out “Gurves” - GIV-backed bonding curves for impact projects on Giveth.

Funding Sources

Giveth is a completely free donation platform that charges no fees from donors or projects to use our platform. Our sources of funding are predominately public goods funding mechanisms like Octant, direct donations & grants.

Since the last epoch, funding sources are as follow:

Grant/Donations Funding

*Got awarded 18,000 $OP from Optimism Season 5 for our Decentralized Vouching via Attestations (milestone-based) grant, which is set to finish payout in 2025, once we hit our 10 milestones

  • Participated in the Gitcoin Grants Round 20, raising ±$1303 USD in donations, with the matching funds amount totaling another ±$8844 USD.

  • Participated in the CELO RetroPGF0 round, and was awarded ±$4700 USD in retroactive funding.

  • Raised ±$6150 USD in direct donations to the Giveth project on Giveth.io from last March 2024 to Present

Other sources of funding

  • Revenue from QF rounds:

  • 2000 USDC for running an ENS builders QF round

  • 7500 USDGLO for running the Galactic Giving round

  • Sold 44 Givers NFTs (our Giveth NFT collection), resulting in 4400 DAI of revenue.

Learn more about Giveth

Again, a MASSIVE thank you to everyone who’s part of the Octant Community. Your support is shaping the future of giving!

1 Like

Thanks for the info Jake!!!