The Snapshot for GIVbacks v2 trial has passed! We’re excited to try this out for the next 2-4 GIVbacks rounds (with half the pool distributed according to V1, and half according to V2).
Will report back after the trial with findings, feedback and results to continue the conversation.
Would like to share here my understanding of GIVbacks Raffle Entries.
First, to get a GIV Raffle entry, you have to donate at least $5 to Verified Projects. It does not matter if is during a QF Round or not, you have to follow up the calendar of our GIVbacks Program..
Second, you have to have in mind that there is a correlation between Donation Size and % GIVBacks of the projects and the odds to win the raffle:
Sizes of the donation. : Bigger donation will increase your odds.
GIVpower of the projects that you donated: Donations to Projects with higher % GIVbacks will increase your odds.
Advice on my Behalf
Remind that GIVpower is the main driver to increase % GIVbacks of the projects. It means: Projects with more GIVpower will reward better your donations. In few words, You get more GIV with your donations.
So, encourage your community to get $GIV on Optimism and Gnosis and stake in GIVfarm to get GIVPower. Remind that GIV stakers have the option to lock their stakes to multiply their GIVpower.
Invite users to go to Giveth donation Platform and can “stake” their GIVpower on a Project to increase their % GIVbacks and their visibility on Giveth. You can change your GIVpower Allocations anytime you want.
Note: all the winners in this rounds were “anonymous” or “unknown” because they either chose to have their profile information hidden from the UI (there is a checkbox option for this you can choose when donating), or they did not fill out their profile with a human-readable name. All GIVbacks rewards for this 1st raffle have already been distributed to these winners.
Recirculation Check Results & Notes
We had to run the GIVbacks picker twice because in the 1st set of winning transactions, two were found to be ineligible from our recirculation analysis.
Winning donors were kept in the order that they were selected (so the donor who made the 1st tx they is more entitled to the 1st prize than the second tx, for example, as long as the donation was eligible for GIVbacks).
The anonymous donor who won 3rd prize actually came up in the first and second runs with 2 different donations (to Roman Storm and to EFF). We chose to celebrate the donation to EFF for more diversity of projects in this 1st round.
To avoid this repetition in the future, we will improve the picker to show 10 random txs, which we will review in sequence next time.
Next steps
We are currently part way through GIVbacks Round 72 - which will be the 2nd round we use in this raffle experiment, and which is set to end October 1.
The winners for the second round will be announced in our next X space on October 2. Add the Giveth Events Google Calendar to join the next space. We will have time towards the end to answer any questions about the raffle experiment so far!
After the 2nd experimental run through, we’ll be distributing a feedback form to collect your thoughts & ideas on the experiment so far, so stay tuned for that.
Hello, greetings to everyone in the community, on this occasion I would like to give my opinion, I participate little but I read a lot, these giveaways were live, why was it not published on discord?
I cannot enter x to see the draws or listen to them because they cannot be seen in We encourage you to make it more transparent, thank you for your attention.
All you need to do to enter is to donate $5 to a GIVbacks eligible project. If you win, the GIV will be distributed to your address (the one you donated with) and you can claim it from GIVbacks: Get rewarded for donating to verified projects - you don’t need to enter the X space to qualify or win.
The videos of the draw after posted on youtube after, so you can check the results there, and I also posted the winners here in this forum.
We can make an annoucement post in discord too after the X space to show the winners.