GIV-Earth Round Results & Wrap-up (June 25 - July 12, 2024)

Quadratic Funding
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GM everyone!

The Giveth team is thrilled to announce the successful completion of the GIV-Earth quadratic funding round! This was Giveth’s first environment-focused round and we could not be more excited with the projects included in the round and the donor turnout we saw.

Before we dive into the numbers, I’d like to give a HUGE shoutout to our amazing sponsors who made this round possible. We sincerely thank you for your dedication to funding public goods and for helping us to raise a matching pool of 40,000 USDGLO. Thank you to Climate Coordination Network, Celo, Mask, Public Nouns, Glo Dollar, Regen Token, & Ma Earth Media.

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Quick Summary

Matching Pool: 40,000 USDGLO on Celo
Round Duration: June 25 - July 12, 2024
Eligible Projects: 75
Total Donations: 3,249
Unique Donors: 797
Total Value of Donations: $44,735

Tokens Donated: USDGLO, CELO, USDC, ETH, GIV, OP, MATIC, XDAI, ARB, & more!

Eligible Donation Networks: Ethereum Mainnet, Gnosis, Polygon PoS, OP Mainnet, Arbitrum One, Polygon zkEVM, Solana, Ethereum Classic, Celo, Base

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The final results including all projects, amounts raised, and matching funds can be found here:

GIV-Earth project owners - PLEASE double-check your Celo address!

Project Eligibility

The eligibility requirements for this round were as follows:

  • Projects had to be Verified on Giveth as creating public goods
  • Projects had to have a Celo recipient address.
  • Projects had to be primarily focused on one or more environmental issues including but not limited to: Climate solutions, renewable energy, carbon accounting, nature-based solutions, supply chain solutions, transportation solutions, recycling, water cleanup, permaculture.

The important point of emphasis was the focus on environmental issues, which made this round more unique than our regular public goods rounds. We were fortunate to accept 75 incredible projects, all of which were high-quality verified projects that have demonstrated impact in their respective fields.

Our partnership with CCN connected us to a network of climate-focused projects, some of which were already on Giveth. However, a significant amount of new projects were onboarded as a result of our collaborative outreach.

We encourage everyone to check out the list of projects to learn about existing and new initiatives that are impacting the Earth. All projects with links to their Giveth projects can be found in the results sheet.

Data Analysis/Breakdown

The GIV-Earth round was our 2nd time using COCM to determine the matching funds distribution. In the Galactic Giving round, we blended the results from COCM and “normal” QF to determine the matching funds. In this round, GIV-Earth, the matching funds distribution was calculated entirely using COCM.

COCM leads to a more democratic distribution of funds, favoring projects with a more diverse set of donors, and significantly dampening the effects of Sybil attacks and collusion.

In this round we saw that, when compared to “normal QF”:

  • 58/75 projects matching funds total increased as a result of using COCM
  • 15/75 projects matching funds total decreased as a result of using COCM
  • 2/75 projects stayed the same ($0 in matching)

Here is the distribution of matching funds by project:

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We are very excited about continuing to use COCM in Giveth QF rounds and are pleased to see results that benefit the majority of projects! Major praise to Umar Khan, Glen Weyl, Joel Miller and the Gitcoin team for their incredible work developing COCM, and their support on implementing this within Giveth.

Project Stats

Here are the top 10 projects in the GIV-Earth Round by matching with some additional stats:

*’Match per unique donor’ is the matching divided by the total number of unique addresses that donated to the project
** ’Avg passport score of donors’ is the avg passport score for all donations that counted for matching

The ‘Match per unique donor’ metric is particularly interesting since COCM rewards donors who support a diverse set of projects. This means that projects that have a higher “match per unique donor” had a donor base that supported a broader range of projects.

Final Remarks & Next Steps

The GIV-Earth Round has been a resounding success, thanks to the dedication and generosity of our community. We sincerely thank all quadratic force members, donors, and participants who made this round possible.

This forum post will remain active for 3 business days to allow for community feedback and questions regarding the results. Following the advice process, we’ll ratify the results with a vote in Snapshot. Project owners are encouraged to verify their project details (especially their Celo recipient addresses!) and donation amounts to ensure accuracy.

If you have any inquiries or require further clarification on the matching results, please comment on this forum post or contact me directly.

Stay tuned for more updates and future rounds as we continue to grow the QF program at Giveth!

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Wow so significantly different from what was shown at the completion of the round on the platform!

Super grateful to have 2 projects in the top 10 (Diamante Bridge Collective & Diamante Luz). These teams have truly built their projects around promoting Giveth as the place to fund them, and are excited to see years of contributing to the ecosystem being rewarded through this round.

W want to thank our Givers, and communicate clearly the results while also educating our community on how to participate “better” in the future. To that purpose, I have the following questions. :givpower:

Project eligibility has been clear from the start but regarding “Match Eligible” donations - what were the disqualifiers?
The donor address? The amount donated? Passport score?
It’s pretty important as a project owner to be able to explain the discrepancy, which means we need to understand it. To do that I’d like to see more of the data behind our own results, is that possible?

From a project owner perspective, this feels… dampening, to work so hard onboarding supporters of our projects to donate, pitch social media and PM people for weeks etc., only to have their support “dampened” because they didn’t… diversify? What are the criteria for diversity of donors? … they need to donate to more, different projects? Maybe I’m missing the point here on how Sybil attacks and collusion present and how this addresses it but I want to understand.

Can this information be shared transparently / externally? Or can a project owner obtain details about how their matching funds increased or decreased and what caused that?

:laughing: I guess all my questions are kinda the same, what additional data can be shared and how can we learn and educate through that as both Givers and Project Owners?

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Thank you for the round :pray: Donation/Matching rate :fire::fire::fire:

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Thank you for this round, the opportunity to connect only with environmental projects was a blessing!
Glad to have all these impactful startups on the team Planet Care.
And praise to Kieran for being such a great QF WG :clap::star:

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The “donation eligibility” criteria is in the giv-earth guide here. The “specified threshold” in this round for passport was 5. Here’s a screenshot of the rest:

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COCM, to simplify, groups togethers donors with the same donation pattern, so that the most matching funds go to projects with the broadest, most diversified community support. So you could, as a project owner, encourage your community to support your project and other projects they care about too, so that they’re more likely to have a “unique” donation pattern.

You can learn more about the way COCM works in this Cluster Match QF Announcement. There’s also a nice link to a GreenPill episode where they talk more about how it works. You could also check out this repo with the algorithm used to calculated the distribution. The first time we used this was during the Galactic Giving round.

So these numbers that Kieran shared are basically comparing the matching funds that projects got using COCM vs. what they would have gotten if the matching funds were calculated via “normal QF” (the calculations we used prior to Galactic Giving/the older system). This is meant to inform and teach a bit about the effect of the new algorithm.

We actually didn’t “increase” or “decrease” any projects’ matching funds… just the COCM algorithm leads to “increased” or “decreased” results, when compared to the results from the old algorithm.

COCM is an iteration on QF matching calculation that is being used by Gitcoin and Giveth now because of number benefits including: dampened effects of sybils attacks & collusion, more democratic distribution of matching funds across projects, and decreased turn-around time for data analysis and matching funds distirbution, and we are super excited about it because it enables Giveth to run bigger QF rounds with larger matching pools, more sponsors, more chains & networks - all of which was never possible before.

Actually, it’s because of COCM that we were able to run this QF round on Celo at all, and we are excited to be able to support more projects through even more and bigger QF rounds into the future!

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Cool thanks Lauren!

So can project owners receive access to a breakdown on which donors / donations were disqualified?

More than half of the donations for the DBC were disqualified so we will need to dive into that.

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The only donations that were excluded before running the COCM algorithm were ones where the donor didn’t have a passport score over 5, their cumulative donation amount wasn’t more than $0.90, or the donor was on the “purple list” (i.e. was the recipient address of a project).

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So, the answer is no?

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I will send you a list of donations for DBC, but will remove personal information and anonymous donations. For QF rounds in the past, we weren’t able to send donation lists to project owners because of the type of sybil analysis being done, but since we used COCM this time the only excluded donations, as I mentioned, were those where the passport score was less than 5 or donation amount was less than $0.90.

Hopefully this helps!

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The vote to ratify these results on chain is here.

Please flex your GIVernance! :muscle:

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The funds from GIV-Earth have been sent! Here’s the tx link.

Congrats to all the participating projects, looking forward to seeing what impact you make next!! :yellow_heart:

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