GIVeconomy Season 6 Proposal

GIVeconomy
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The GIVeconomy WG has been chugging along in 2024, and is looking to the future, priming and boosting GIV in preparation for this year’s (hopeful) launch of Gurves. The GIVeconomy WG is responsible for all things GIV - GIVbacks, GIVpower, GIVstream - if you can “GIV” it a name, it probably falls within our jurisdiction.

If you missed out last proposals you can check out them out:

Season 5 Deliverable Retrospective

Table 1: Promised Deliverables

Deliverable Status Note
GIVbacks V2 Implementation :white_check_mark: DONE Completed the 3-round experiment, governance & vote, and implemented the new team & process.
GIVbacks V1 completion & deprecation :white_check_mark: DONE Revoked permissions from old Aragon DAOs and finalized the last GIVbacks V1 round.
Polygon zkEVM on dune dashboard :white_check_mark: DONE Added zkEVM stats to dune dashboard.
Unwind Connext bridge :white_check_mark: DONE Send bridge GIV and 14,228 GIV profits back to the GIVgarden multisig
GIV Token Distro Review :construction: IN PROGRESS Results collection are nearing completion, but we are yet to draft internal & external comms for it.
GIVeconomy User Research :white_check_mark: DONE User research form was distributed through socials, and summary doc prepped to inform design.
GIVeconomy redesign :construction: IN PROGRESS Extensive work was put into this in Oct/Nov, building the design for GIVeconomy under “my account” but was since halted & deprioritized in favour of other WG design needs.
Lotto PGF exploration for GIVbacks V2 :white_check_mark: DONE Pushed them on a proposal and eventually decided to cut the effort from scope.
**“**Ahead of the Gurves” campaign :heavy_check_mark: ONGOING Myosin content was edited, distributed & boosted. This campaign is still be referenced.
“The Difference is Clear” campaign :construction: IN PROGRESS Content has been created but we have not yet started distribution.
Track analytics on GIV marketing :heavy_check_mark: ONGOING We’ve been keeping an eye on content performance related especially to GIVbacks V2 & q/acc cross marketing with a report here.
Run 1 GIV token essentials :x: FAILED We forgot :eyes:
Distribute GIVbacks & $nice tokens for each round :white_check_mark: DONE GIVbacks V1 and $nice were maintained during the season and. now have now been deprecated.
Maintain & top up GIVpower rewards :heavy_check_mark: ONGOING Recent rewards extension executed to last until June 2025.
Manage support tickets related to GIVeconomy :heavy_check_mark: ONGOING Ashley, Nikola and Giantkin have been holding this down!
Update GIVeconomy documentation around changes :heavy_check_mark: ONGOING GIVbacks and GIVeconomy docs have been updated, and again need new changes.
Manage Market Makers and trading bots keep volume about $50k with a market depth over $1000 +/- 2% :heavy_check_mark: ONGOING LBank 24 volume is $182k with $6105 +2% depth / $1140 -2% depth today, Jan 6.
Manage CEX contacts :heavy_check_mark: ONGOING William has been maintaining this notion with contacts.
Manage GIV token listing info on major sites :heavy_check_mark: ONGOING Polygon zkEVM done

Table 2: Bonus Deliverables

These items took priority through internal discussions but were not discussed in our last proposal:

Deliverable Status Note
Arbitrage Bot :construction: IN PROGRESS With the deprecation of the Connext bridge, we started rebuiding out arb bot.
GIVeconomy Audit Report :construction: IN PROGRESS We are practically addressing points brought up in our 2 GIVeconomy audits into a clearly documented report.
Polygon zkEVM Bridge Bug Fix :white_check_mark: DONE Weeks of pushing the Polygon zkEVM finally ensured that people can bridge GIV from Mainnet to zkEVM.
IRL Tokenization Workshop :white_check_mark: DONE Hosted at the Regen Hub in Devcon Bangkok, we offered a “Tokenization Workshop” to project owners interested in Gurves with massive turn out.
IRL Gurves shilling in Thailand :white_check_mark: DONE Lauren & Griff represented Giveth & GIV on several panels accross conference & side events such as Invisible Garden in Chiang Mai, Edge City Lanna, Devcon Bangkok, Shanhai Woo CM.

Table 3: Core Metrics Review

Metric Target Actual
GIV token performance compared to OP, GNO, POL, GTC Similar :white_check_mark: Similar-ish (refer to Table 5 below)
GIVbacks processing budget $1085/month (50% of GIVbacks V1) :white_check_mark: Approximated $1000 in Dec
Improve GIVeconomy page visits Make 4th most visited :white_check_mark: Made GIVfarm 3rd with an average of 3:34 min spent per user (compared to 5th & 1:52 min from S4!)
Gnosis vs. Optimism price for GIV within 3% :white_check_mark: On Jan 6, 2025 GIV was $0.007096 on Gnosis vs. $0.006955 on Optimism = 2% difference
Grow Metric: GIV token linktree clicks >200 :white_check_mark: From linktree stats: Views: 392 / Clicks: 328 / Click Rate: 83.67 %

Table 4: Spending Review

Breakdown Estimated S5 (3 month) Cost Actual S5 Cost
Salaries $51,000 $36,700
Market Maker Fee $6,000 $6000
Total $57,000 $46,885

Season 5 GIVeconomy Extra Info & Stats

GIV token Quick Links

Table 5: GIV Compared to Similar Alts in Season 5

Token CoinGecko Link Token USD price on Oct 6, 2024 Token “High” (USD price) during the 3 month period Token USD price on Jan 6, 2025 % Increase from Oct 6, 2024 to the 3-month high % change over 3 mo. period % dip from the 3-month high to Jan 6, 2025
GIV https://www.coingecko.com/en/coins/giveth $0.00574 $0.00923 $0.00716 60.74% 24.76% -28.83%
GTC https://www.coingecko.com/en/coins/gitcoin $0.67 $1.37 $0.83 105.43% 24.57% -64.91%
OP https://www.coingecko.com/en/coins/optimism $1.65 $2.76 $2.10 67.27% 27.27% -31.43%
GNO https://www.coingecko.com/en/coins/gnosis $166.24 $306.38 $281.60 84.30% 69.39% -8.80%
POL https://www.coingecko.com/en/coins/pol-ex-matic $0.38 $0.76 $0.52 98.73% 37.48% -44.56%

S5 Volume Observations

  • LBank 24 hr traiding volume holding steady between $150k & $200k daily
  • Trading volume (cumulative) on Optimism was at $312k in October, now at $664k (doubling all-time in just the last 3 months).

S5 Marketing Observations (Thanks to Almond!)

  • From 447 Tweets of Season 5, 168 were dedicated to GIVeconomy and q/acc, making it 37.5% of Giveth’s timeline.
  • We grew 274 followers during this season.
  • December was the best performing month for the GIVeconomy , mainly bc of q/acc. q/acc brought great engagement, interactions and reach. It was the month with the most dedicated GIVeconomy tweets with 87 from 200.
  • For October the best performing GIVeconomy posts were related to “Get Ahead of the Gurve” Campaign, it received great engagement, and reach.
  • November was tricky, Devcon-related posts were the best performing. Other topics didn’t received as much attention. For the GIVeconomy the “Tokenization Mentorship” related posts were def the best performing.
  • In general, GIVeconomy received great attention this season, having very important changes an announcements like the New GIVbacks program and q/acc.
  • For next season, will be good to think the best way to cover the GIVbacks winners without making the posts feel spammy, and creative ways to cover GIVeconomy in general (Ex Get Ahead of The Gurve Campaign, that received great traction).

S5 Final Remarks

  • S5 was a time of many (somewhat unpredicted) IRL events & lots of vacation time within the GIVeconomy crew, leading to us being underbudget a whopping $10,115.
  • We failed to deliver on a few important items such as finalizing the GIV Token Distro updates, GIVeconomy redesign, running a GIV token essentials and kickstarting the “The Difference is Clear” campaign.
  • We adjusted scope somewhat during the Season, with the arbitrage bots (out of scope) taking up around 30-40 hours of unplanned dev work and the GIVeconomy audit documentation taking over some additional bandwidth.
  • We had some major successes around implementing the GIVbacks V2 raffle (making our lives way more efficient) & doing great on the group representation of the GIVeconomy.

Season 6 Deliverables, Metrics & Budget

GIVeconomy hopes to continue chugging along in the new year - focusing on GIV marketing and dev work that drives GIV token growth and adoption.

Grow :arrow_up:

What we will do :white_check_mark:

  • GIVeconomy Marketing
    • Refine Gurves messaging in time for Eth Devner
    • Engage KOLs to amplify GIV adoption through marketing.
    • $500 of GIV bounty/month for creator contests
    • Execute on novel & experimental marketing efforts (e.g. AI agent shill bots).
    • Execute on “The Difference is Clear”, “Ahead of the Gurves”, and AI agents campaigns directing traffic and attention towards GIV with additional $250 ad budget.
    • Track analytics on GIV marketing campaigns and use them to inform future GIVeconomy social content.
    • Update Giveth X Space Bio, Extended Bio for increase following & user retention.
  • GIVbacks Raffle
    • Maintain raffle execution, analysis, GIV distribution, marketing content & X spaces.
    • Iterate upon & improve X space marketing strategies to engage the donor community.
    • Update Giveth documentation.
    • Update Giveth dapp copy & design.
  • Token Distro Review
    • Analyze the GIV token distro audit to make meaningful conclusions, and beginning re-accounting & setting plans in motion for the use of the rest of the DAO’s GIV.
    • Create a public report of the GIV token distro to update the broader GIV community of plans & states.
  • Arbitrage Bot
    • Develop bots to balance GIV price across 4 chains: Optimism, Gnosis, Mainnet & Polygon zkEVM.
  • GIVeconomy UI Redesign
    • Complete designs for My account, GIVpower, GIVbacks (raffle) & GIVfarm to improve the user experience and understanding.
  • Maintenance
    • Complete GIVeconomy audit documentation report & address related issues
    • Maintain GIVpower rewards programs, extending the program as needed.
    • Address any GIVeconomy-related bugs as they arise.
    • Manage support tickets related to GIVeconomy.
    • Manage Market Makers and trading bots keep volume about $50k with a market depth over $1000 +/- 2%.
    • Manage CEX contacts.
    • Maintain GIV token listing information & logos on major sites and DEXs.
    • Maintain & adjust GIV token liquidity across supported chains as needed.

Core Metrics

  • Make GIVeconomy as 2nd most visited page on Giveth
  • GIV token price within 3% on each major chain - Ethereum, Optimism, Polygon zkEVM, Gnosis Chain (currently 2% between OP & Gnosis, but further off on other chains)
  • GIV token price out-performing more than half of related alt coins (e.g. POL, GTC, OP, GNO)
  • More than 1000 visits to GIVtoken Linktree (currently at 328 clicks)
  • Launch “The Difference is Clear” & extended “Ahead of the Gurve” campaign with higher performance than regular tweets (>50 engagements per post)
  • GIVpower APRs (1x staking rate) across chains should be within 10% of each other

Budget

Estimated S6 Cost
Marketing Salaries $14,805
KOL Budget $20,000
Ad Campaign Budget $250
Creator Contest $2000 of GIV
GIVbacks Raffle $8900
Token Distro Review $6270
Arbitrage Bot $5090
GIVeconomy Redesign $4290
Maintenance $6,765
Market Maker Fee $8000
Total $74,370 + $2000 of GIV

Sustain :arrow_right:

What we will do :white_check_mark:

  • GIVeconomy Marketing
    • Refine Gurves messaging in time for Eth Devner
    • $500 of GIV bounty/month for creator contests
    • Execute on “The Difference is Clear”, “Ahead of the Gurves”, and AI agents campaigns directing traffic and attention towards GIV with additional $250 ad budget.
    • Track analytics on GIV marketing campaigns and use them to inform future GIVeconomy social content.
    • Update Giveth X Space Bio, Extended Bio for increase following & user retention.
  • GIVbacks Raffle
    • Maintain raffle execution, analysis, GIV distribution, marketing content & X spaces.
    • Iterate upon & improve X space marketing strategies to engage the donor community.
    • Update Giveth documentation.
    • Update Giveth dapp copy & design.
  • GIV token distro
    • Analyze the GIV token distro audit to make meaningful conclusions, and beginning re-accounting & setting plans in motion for the use of the rest of the DAO’s GIV.
    • Create a public report of the GIV token distro to update the broader GIV community of plans & states.
  • Arbitrage Bot
    • Develop bots to balance GIV price across 4 chains: Optimism, Gnosis, Mainnet & Polygon zkEVM.
  • GIVeconomy UI Redesign
    • Complete designs for My account, GIVpower, GIVbacks (raffle) & GIVfarm to improve the user experience and understanding.
  • Maintenance
    • Complete GIVeconomy audit documentation report & address related issues
    • Maintain GIVpower rewards programs, extending the program as needed.
    • Address any GIVeconomy-related bugs as they arise.
    • Manage support tickets related to GIVeconomy.
    • Manage Market Makers and trading bots keep volume about $50k with a market depth over $1000 +/- 2%.
    • Manage CEX contacts.
    • Maintain GIV token listing information & logos on major sites and DEXs.
    • Maintain & adjust GIV token liquidity across supported chains as needed.

What we won’t do :no_good_woman:t2:

  • Engage KOLs to amplify GIV adoption through marketing.
  • Execute on novel & experimental marketing efforts (e.g. AI agent shill bots)

Core Metrics

  • Maintain GIVeconomy as 3rd most visited page on Giveth
  • GIV token price within 3% on each major chain - Ethereum, Optimism, Polygon zkEVM, Gnosis Chain (currently 2% between OP & Gnosis, but further off on other chains)
  • GIV token price performing similarly to related alt coins (e.g. POL, GTC, OP, GNO)
  • More than 600 visits to GIVtoken Linktree (currently at 328 clicks)
  • Launch “The Difference is Clear” campaign with higher performance than regular tweets (>50 engagements per post)
  • GIVpower APRs (1x staking rate) accross chains should be within 10% of each other

Budget

Estimated S6 Cost
Marketing Salaries $9195
KOL Budget $0
Ad Campaign Budget $250
Creator Contest $2000 of GIV
GIVbacks Raffle $8900
Token Distro Review $6270
Arbitrage Bot $5090
GIVeconomy Redesign $4290
Maintenance $6,765
Market Maker Fee $8000
Total $48,760 + $2000 of GIV

Shrink :arrow_down:

What we will do :white_check_mark:

  • GIVeconomy Marketing
    • Refine Gurves messaging in time for Eth Devner
    • Execute on “The Difference is Clear”, “Ahead of the Gurves”, and AI agents campaigns directing traffic and attention towards GIV.
    • Track analytics on GIV marketing campaigns and use them to inform future GIVeconomy social content.
    • Update Giveth X Space Bio, Extended Bio for increase following & user retention.
  • GIVbacks Raffle
    • Maintain raffle execution, analysis, GIV distribution, marketing content & X spaces.
    • Update Giveth documentation.
  • GIV token distro
    • Analyze the GIV token distro audit to make meaningful conclusions, and beginning re-accounting & setting plans in motion for the use of the rest of the DAO’s GIV.
    • Create a public report of the GIV token distro to update the broader GIV community of plans & states.
  • Maintenance
    • Complete GIVeconomy audit documentation report & address related issues
    • Maintain GIVpower rewards programs, extending the program as needed.
    • Address any GIVeconomy-related bugs as they arise.
    • Manage support tickets related to GIVeconomy.
    • Manage Market Makers and trading bots keep volume about $50k with a market depth over $1000 +/- 2%.
    • Manage CEX contacts.
    • Maintain GIV token listing information & logos on major sites and DEXs.
    • Maintain & adjust GIV token liquidity across supported chains as needed.

What we won’t do :no_good_woman:t2:

  • Engage KOLs to amplify GIV adoption through marketing.
  • $500 of GIV bounty/month for creator contests
  • $250 ad budget for “The Difference is Clear”
  • Execute on novel & experimental marketing efforts (e.g. AI agent shill bots)
  • Complete designs for My account, GIVpower, GIVbacks (raffle) & GIVfarm to improve the user experience and understanding.
  • Iterate upon & improve GIVbacks Raffle X space marketing strategies to engage the donor community.
  • Update Giveth dapp copy & design corresponding to GIVbacksraffle
  • Develop Arbitrage Bots to balance GIV price across 4 chains: Optimism, Gnosis, Mainnet & Polygon zkEVM.

Core Metrics

  • Maintain GIVeconomy as at least as 4th most visited page on Giveth
  • GIV token price performing to related alt coins (e.g. POL, GTC, OP, GNO)
  • More than 500 visits to GIVtoken Linktree (currently at 328 clicks)
  • Launch “The Difference is Clear” campaign with higher performance than regular tweets (>50 engagements per post.

Budget

Estimated S6 Cost
Marketing Salaries $9195
KOL Budget $0
Ad Campaign Budget $0
Creator Contest $0
GIVbacks Raffle $8900
Token Distro Review $6270
Arbitrage Bot $0
GIVeconomy Redesign $0
Maintenance $6,765
Market Maker Fee $8000
Total $39,130

Next Steps

This forum post will remain up and open for advice until all other Working Groups Proposals entering this Season have met minimum advice process. After that we will move to a Snapshot vote to decide the priorities of the Giveth DAO for the next 4 months.

The GIVeconomy is a Pillar of the Giveth DAO and we hope you’ll support this proposal and help us soar to higher heights :rocket:

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Thanks for writing all of this @karmaticacid. Definitely had a giggle at the GIV token essentials status :eyes: (If you need operational help with this, maybe DAO Ops can assist, since we do a lot of contributor calls).

My biggest question, is if you could define more about the KOLs you’d like to engage with in the growth budget? Since that’s an extra $20,000. I’d like to learn more about your vision and strategy.

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Hey @hanners717! Thanks for the great question!

Through the work we did the Myosin - the marketing agency - we identified a list of KOLs that would be interesting candidates for marketing GIV. We have a sheet here - it’s private, but I added you to be able to view and can add other relevant people who’d like more context. Here is a snippet though of some prices & what the deliverables would be (for everyone), I left out the KOL names but you can see their X following:

image
image1392×1100 60.3 KB

They each vary in terms of what content they can create, their followers & reach. With a $20k budget, we’d be able to work with around 20 KOLs roughly, each posting 1-4 pieces of content, mainly to X. This “extra” budget would be used JUST to pay KOLs, and the contributor coordination costs are covered via “Marketing salaries”, and we would time the content strategically with the markets throughout the season - the goal would be to drive more adoption for GIV.

In each case, we could negotiate with the KOLs to see if they’d be willing to accept payment in GIV, and ideally stake & lock, but most do want stables.

In the past we experimented with 2 KOLs - Bellick & Crypto Gideon and learned a lot from it. Bellick in particular was pretty epic to work with creating content like this that performed pretty well.

With the KOL experiment, we’d do some GIV token tracking (market cap & holders) to see how effective the blasts were and would report in with the next season proposal & retro.

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Oh wow, so interesting. I’m glad ya’ll have already experimented with two KOLs, so this isn’t completely new territory. That’s a pretty awesome long form tweet from Bellick, with nice comment engagement.

In the advice process, I’d suggest scaling at smaller increments, like having a $5k budget to work with about 5 KOLs. Or another smaller number. Working from 2 KOLs to 20KOLs seems like a large jump and could create more work for Comms, who might not have the bandwidth to collaborate with 20 separate KOLs.

Love the idea about doing GIV token tracking for market and holders to check the effectiveness!

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Thanks for this very thoughtful WGP

I really appreciate the strategic drive to improve marketing of the GIVeconomy, I think it’s coming clear from narratives on CT that even an average product ( I consider us above-average btw) can have massive success with great marketing.

Agree with Heather that starting small with KOLs is a better idea. Still I think KOLs in general don’t work in crypto, at least in their current format. KOL marketing is:

  • often associated with scams and pump & dumps
  • generate artificial activity (reply-guy bots)
  • unclear if it connects with our target audience

Maybe I’m not in the loop, I’d be down if someone could provide me with strong evidence that KOL marketing worked for us in the past and it justified the cost. IMHO Griff is our best KOL and inspiring respected thought leaders to shill Giveth is a more wholesome strategy. (Connect with their hearts, not their wallets)

Also I’d love to see GIV run up against more tokens to see the relative price action, FOX is an obvious one that seems missing. https://www.coingecko.com/en/coins/shapeshift-fox-token

On building the arb-bot, how do other multi-chain tokens handle keeping prices in check across many chains? I don’t think this project seems worth the cost medium-term for capturing arbitrage on the GIV token.

I also think cutting scope or calling some projects “good enough” such as the token distro audit will help GIVeconomy WG focus on more impactful projects.

Lastly, I think timelines could be more aggressive for GIVecon redesign, if the design work is already mostly done why can’t we get that feature coded before the end of the season?

Overall I have heard that the GIVecono is critical to the financial sustainability of Giveth and to launching GURVES using GIV as collateral, we need to get the MC up.

Easier said than done, but it seems it is MISSION CRITICAL to find a way to make it happen.

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Thanks Mitch for the feedback.

I’ll add FOX in the next retrospective for comparison, good idea. And absolutely agree on increasing out MC as “mission critical”. Maybe we should consider hiring someone else who can bring in new ideas and make it happen better than I can.

KOLs

Agree that KOL marketing can feel scammy, but this really depends on the KOL. We’re not going to absolutely scammy KOLs, but people who rather have actual influence, or an organic following of accounts we also want to target. The assessment of KOLs is part of the process of doing this work.

As we have only tested the waters with engaging KOLs (trying out just 2 so far… Bellick’s content led to some engagement on the Giveth X and increased clicks on our lintree, whereas Crypto Gideon was a bit of a “fall flat”), I think it’s tough to make a strong case for why this works. We do see a lot of marketing agencies pushing this strategy though.

Arb bot

Arbitrage I do think is the answer to your question “how to other multi-chain tokens keep it consistent cross-chain”. I think our team however, is not very experienced with arb bots and this has resulted in a LOT of wasted time. I am trying my best at this point to rope that back in, cut scope and get some MVPs working… hopefully it can be delivered under the proposed budget.

Distro audit

Agree and we are on the last steps, I’m working on a forum post with the final results, and William is finishing out grabbing one number on the GIV we have in LPs.

GIVeconomy Redesign

The design work isn’t really done. @msaeedi did put a chunk of time into this last year, but then got put onto other things, so there is still so much to do… including reassessing GIVpower, rethinking other pages within my account, getting stakeholder feedback and refining. Projected 80-100 hrs of just design left, according to him.

I would love to implement it though, and if we can get through the design, we will absolutely power forward with the remaining budget to start chipping away at development.

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Hello,

I’d like to share my thoughts regarding the “MC up” discussion:

I agree that increasing the value of $GIV is essential for achieving financial stability and for launching GURVES using $GIV as collateral. One of the findings from the GIV Distribution Audit reveals that we still have between 400,000 and 550,000 $GIV available for strategic use. The exact number will be confirmed shortly.

The conclusion is that we still retain over 40% of the total $GIV supply, distributed as follows:

  • Multisigs: The Garden, nrGIV, and Liquidity Multisig wallets collectively hold over 250 million $GIV that remains unspent.

  • Remaining Budget Allocations: Approximately 250 million $GIV is still allocated to various programs, such as GIVdrop, GIVbacks, and other initiatives (e.g., Multichain Trace, GIVmatching, GIVcuration, GIVfi interest, GURVES, and the initial SourceCred funding). Notably, some GIVbacks rounds didn’t fully utilize the allocated 1 million $GIV for GIVbacks, so those saved funds can also be repurposed.

Further details will be shared in a forum post, as mentioned by @karmaticacid.

For Q1 2025, I propose focusing on improving the liquidity pool (LP) situation for $GIV as a key strategy to achieve our goal of increasing market capitalization (MC). To support this, I would like to share the current state of $GIV liquidity pools (LPs) across all chains where we are deployed: Gnosis, Ethereum Mainnet, Optimism, Polygon zkEVM, and Solana.

This analysis will help us identify specific areas of improvement and ensure a balanced liquidity structure across networks, contributing to the overall health and sustainability of $GIV

GIV Gnosis Mainnet Optimism Polygon ZKEVM Solana Grand Total OWNED
GNO 42.45% 42.45% :green_circle:
OP 13.79% 13.79% :green_circle:
FOX 6.62% 6.66% 13.28% :green_circle:
POL 8.68% 8.68% :green_circle:
ETH 6.74% 0.31% 7.05% :green_circle:
DAI 5.98% 5.98% :green_circle:
SOL 3.37% 3.37% :green_circle:
WETH 1.17% 0.53% 1.70% :x:
WATER 1.40% 1.40% :green_circle:
USDGLO 1.09% 1.09% :green_circle:
BRIGHT 0.49% 0.49% :green_circle:
TEC 0.33% 0.33% :green_circle:
HNY 0.20% 0.20% :x:
xDAI 0.20% 0.20% :x:
Grand Total 52.53% 13.93% 21.19% 8.99% 3.37% 100.00%

Challenges and Findings

  • Honeyswap Issues: Currently, Honeyswap, the DEX with our highest liquidity pool (LP), is not functioning properly. More than 50% of $GIV liquidity is concentrated there. To address this, we could diversify or expand into other DEXs, ideally those with tokenized governance structures.

  • Liquidity Concentration on Gnosis: Our liquidity is heavily concentrated on Gnosis, a chain that does not rank in the top 10 chains by protocols and TVL. While we are also deployed on Ethereum and Optimism, the imbalance in distribution poses a challenge for broader adoption.

  • Correlation with GNO: Over 42% of $GIV liquidity is paired with GNO. As a result, $GIV’s price is closely tied to the price movements of GNO. For example, our last all-time high (ATH) in March 2023 coincided with a peak in GNO’s price.

Solutions

As we prepare for a potential altcoin season or bull run, here are some proposed strategies:

Deploy $GIV on Tokenized Governance Chains

  • Consider deploying $GIV on leading tokenized governance chains such as Arbitrum, Polygon, and Avalanche. These rank among the top 20 chains by TVL.
  • Define deployment criteria based on the presence of regenerative projects or public goods built on these chains to align with Giveth’s values.

Diversify Exposure with Layer 2 Projects

  • Collaborate with Layer 2 tokenized projects or DAOs to create swaps or shared LPs. This could expand $GIV’s utility and expose it to the performance of other tokens.

  • Validate these projects for alignment with Giveth’s governance and values to ensure mutual benefit. Explore Layer 2 projects.

Expand Liquidity Across DEXs on Layer 2

  • Diversify $GIV liquidity across multiple DEXs within Layer 2 ecosystems.

  • Define DEX selection criteria, such as high trading volume, tokenized governance, and robust user activity. This will enhance $GIV’s visibility with aggregators and improve the user experience.

Strengthen Bridge Integrations

  • Enhance $GIV’s presence on bridges to improve the cross-chain user experience. This will allow seamless movement of $GIV across chains, attracting more users and increasing adoption.
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Snapshot to ratify our GIV budget for creator contests for season 6 is here:
https://snapshot.box/#/s:giv.eth/proposal/0x251d68e4d29c4c533b29004d6765b8e6e65302ac29c8d3e6b28918f9f2893dc3

1 Like