The GIVeconomy WG had an EPIC Season 4 and is gearing up for even more excitement in Season 5 leading up to the 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:
Deliverable Retrospective
| Deliverable | Status | Note |
|---|---|---|
| GIVbacks V2 |  IN PROGRESS |
We are halfway through the experimental phase of the GIVbacks V2 raffle. Updates on this forum post. |
| q/acc —> Gurves plan | IN PROGRESS |
We have been in regular comms with the q/acc team, advising on design, execution and comms. Gurves spec pending. |
| GIVeconomy to Polygon zkEVM |  DONE |
Successfully launched in early September, and we received the grant funding. |
| GIVeconomy Analytics Dashboard |  MAINTENANCE |
This is LIVE featuring Gnosis, Optimism, Mainnet & Solana. We now need to expand it to include the newly launched Polygon zkEVM. |
| Connext Bridge Gnosis <> Optimism | MAINTENANCE |
This went LIVE and was being maintained and rebalanced. Unfortunately, Connext informed us that in less than 2 months this tech will be deprecated, so we will need to now sunset it  |
| Trading & Arbitrage Bots | MAINTENANCE |
Both bots are live and working. Arb bot is balancing GIV price on Gnosis & Optimism. Ongoing maintenance is needed, as well as extra work to consider mainnet & Polygon zkEVM. |
| Leverage Marketing Agency | IN PROGRESS |
Our paid term working with Myosin has just recently ended, resulting in the generation of several marketing campaigns for GIV, as well as KOL utilization. |
| Hire & work with Market Maker | MAINTENANCE |
We are working with Skynet for GIV Market Making with ongoing monthly payments. |
| Fix GIV listings on major DEXs & sites | IN PROGRESS |
On most major DEXs, GIV is listed, with logos and included on token lists. CoinGecko has been updated. Work continues as we now improve listings for Polygon zkEVM, and update sites as needed corresponding to liquidity moves. |
| Follow through on approve paths for CEX listings | MAINTENANCE |
With a tight budget last season, we did not choose to get on other CEXs, but we have been collecting and maintaining a database of contacts. |
| Create regular content for marketing GIV | IN PROGRESS |
Launched several campaigns: GIVbacks V2, decentralized verification, GIVpower for governance, Dashboard, Bridge, Ahead of the Gurve, q/acc - analysis in here. We are working on more. |
| Run 1 GIV Token Essentials | DONE |
Session on GIVbacks V2 & devouch recording here |
| Distribute GIVbacks & $nice for each round | MAINTENANCE |
It’s been happening! We are currently working on Round 71. |
| Train & onboard contributors to support GIVbacks recirc checks | DONE |
William & Rob have been onboarded to do recirc checks & have been documenting their work. |
| Maintain & top-up GIVpower rewards | MAINTENANCE |
This has been maintained through the season. A new rewards extension will be required in Nov. |
| Manage GIVeconomy support tickets | MAINTENANCE |
Been happening |
| GIV token distribution audit | IN PROGRESS |
V1 of the audit is complete, awaiting final checks from the rest of the team. |
| Improve & maintain GIVeconomy documentation | MAINTENANCE |
Docs for GIVbacks, GIVpower, GIVeconomy have been updated. More changes expected in the future. |
Bonus Deliverables
We didn’t say we’d do these things, but we like overperforming, so:
| Deliverable | Status | Note |
|---|---|---|
| Subgraph migration | DONE |
We migrated over our subgraph to keep things up to date and ensure non-stop GIVeconomy. |
| LBank Manual MM | DONE |
While the trading bots & MM were being activated, we needed to continue manual MM on Lbank to ensure >$10k trading volume. |
| GIVeconomy User Survey & Redesign | IN PROGRESS |
Mo & I have started slow (when we can) work on a bit of a UI redesign, to improve the UX of the GIVeconomy, and are conducting user research. |
| Implemented a $5 minimum & claim window for GIVbacks | IN PROGRESS |
Dapp copy changes & |
Core Metrics Review
| Metric | Target | Actual |
|---|---|---|
| GIV vs ETH 3 mo. Perfomance | Equal |  From July to Oct 2024: -19.5% ETH vs. -28.8% GIV |
| GIV token 24hr Trading Volume | At least $140k | $194k on LBank |
| Add GIVeconomy to other Chains | 1 chain | 1 chain (Polygon zkEVM) |
| Average 7-day Connext Bridge Volume | >$50k USD | Tech was deprecated so can’t check |
| Gnosis vs. Optimism price for GIV | within 1% | On Oct 7, 2024: $0.00579 on Gnosis vs. $0.005788 on Optimism = 3.45% difference |
Spending Review
| Breakdown | Estimated S4 (3 month) Cost | Actual S4 Cost |
|---|---|---|
| Salaries | $69,400 | $66,737 |
| Market Maker Fee | $6,000 | $6000 |
| Total | $75,400 | $72,737 |
GIV Token Info
Quick Links
- GIV CoinGecko
- GIV Linktree
- GIV CMC
- Trading Volume Honeyswap Gnosis Chain
- Trading Volume Velodrome Optimism
- S3 GIVeconomy Marketing Analysis
- GIVeconomy Budget Analysis
GIV performance
- LBank trading volume is up from $78k to $194k in 24 hours
- Trading volume on Optimism is up from $219k to $312k in a 6-month period
- Token perfomance from July 5 to Oct 7:
- GIV: -28.8%
- ETH: -19.5%
- GTC: -15.3%
- OP: +16.7%
- GNO: +51.1%
- MATIC: -23.0%
Marketing Observations
- GIVfarm page grew from the 8th most visited page, to the 5th, with over 100 more visits than last period
- Our KOL activation test (with Bellick) led to 80 clicks to GIV token linktree & 64% click rate (Sep 12 to Sep 27)
- GIVbacks V2 was our best performing campaign this period (from all the GIVeconomy marketing campaigns)
- q/acc brought valuable attention to Giveth, especially due to the Polygon partnership. The program and content were well-received by Giveth’s audience.
Season 5 Deliverables, Metrics & Budget
There are 3 possible scopes that GIVeconomy can take in the coming Season, each with different deliverables, metrics and budget. The Season Snapshot vote will dictate the scope of this working group, depending on it’s signaled priority amongst other working groups, as decided by the Giveth DAO.
Note: As per discussions in recent governance calls, all work specifically on implementing Gurves will now fall within a new WG proposal Gurves and are now outside of the scope of GIVeconomy WG.
Grow 
What we will do
Finishing things out
- Conduct GIVeconomy user research to identify pain points & user needs
- Complete GIVbacks V2 experiment & governance process
- Add Polygon zkEVM support to GIVeconomy Analytics Dashboard
- Unwind deprecated Gnosis < > Optimism Connext Bridge
- Complete GIV token distribution audit to get an accurate sense of how much GIV the DAO controls
New Features
- Create a new design for GIVeconomy UX based on user research (e.g. consolidating pages, improving GIVpower, etc.)
- Implement new GIVeconomy UX design (develop, test, launch & market)
- Bring the GIVeconomy to other chains/networks as promised by won grants
- If proposal for GIVbacks V2 passes:
- Deprecate old GIVbacks processes & full implement GIVbacks V2
- Work with Lotto PGF on a on-chain version of the raffle “picker”
- Design & develop improvements to GIVeconomy & donation UX to make “raffle entries” more apparent
- Research, possibly implement a new solution for easy bridging between supported chains
- Improve Arbitrage bot to balance GIV price across Ethereum Mainnet, Gnosis Chain, Optimism and Polygon zkEVM
- Publish GIVeconomy GIV distribution update (from the audit work) to share with the entire DAO the evolution of the GIVeconomy
Token Growth
- Execute on “Ahead of the Gurves” and “The Difference is Clear” GIV marketing campaigns
- Track analytics on GIV marketing campaigns and use them to inform future GIVeconomy social content
- Grow CEX contacts and execute on approved paths for getting GIV listed on CEXs
- Run 2 GIV token essentials sessions for the internal community
Maintenance
- Distribute GIVbacks & $nice tokens for each round, and post corresponding comms messaging
- Maintain & top-up GIVpower rewards program
- Manage support tickets related to GIVeconomy
- Maintain GIVeconomy documentation, corresponding to any changes
- 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 - including CMC & Quickswap Polygon zkEVM
Core Metrics 
- Reduce GIVbacks processing salary budget by 50% by the end of the season (currently approx. $6500 for the season
- Make GIVeconomy 3rd most visited page on Giveth (currently 5th)
- GIV token price within 3% on each major chain - Ethereum, Optimism, Polygon zkEVM, Gnosis Chain (currently 3% between OP & Gnosis, but further off on other chain)
- GIV token price performing better than related alt coins (e.g. POL, GTC, OP, GNO)
- 100 visits to GIVtoken Linktree
- Launch “Ahead of the Gurve” campaign with higher perfornance than regular tweets (>50 engagements per post)
Budget
| Estimated S5 Cost | |
|---|---|
| Dev | $18,200 |
| Design | $4,100 |
| PM | $27,600 |
| Community | $22,300 |
| Market Maker Fee | $6,000 |
| Optional: GIVeconomy new chain integration | $9000 |
| Total Budget | $78,200 +Optional: $9000* |
*The $9,000 required to cover a new GIVeconomy EVM chain integration will come directly from any grant won to justify the work.
Sustain 
What we will do
Finishing things out
- Conduct GIVeconomy user research to identify pain points & user needs
- Complete GIVbacks V2 experiment & governance process
- Add Polygon zkEVM support to GIVeconomy Analytics Dashboard
- Unwind deprecated Gnosis < > Optimism Connext Bridge
- Complete GIV token distribution audit to get an accurate sense of how much GIV the DAO controls
New Features
- Create a new design for GIVeconomy UX based on user research (e.g. consolidating pages, improving GIVpower, etc.)
- Bring the GIVeconomy to other chains/networks as promised by won grants
- If proposal for GIVbacks V2 passes:
- Deprecate old GIVbacks processes & full implement GIVbacks V2
- Work with Lotto PGF on a on-chain version of the raffle “picker”
- Design & develop improvements to GIVeconomy & donation UX to make “raffle entries” more apparent
- Publish GIVeconomy GIV distribution update (from the audit work) to share with the entire DAO the evolution of the GIVeconomy
Token Growth
- Execute on “Ahead of the Gurves” and “The Difference is Clear” GIV marketing campaigns
- Track analytics on GIV marketing campaigns and use them to inform future GIVeconomy social content
- Run 1 GIV token essentials sessions for the internal community
Maintenance
- Distribute GIVbacks & $nice tokens for each round, and post corresponding comms messaging
- Maintain & top-up GIVpower rewards program
- Manage support tickets related to GIVeconomy
- Maintain GIVeconomy documentation, corresponding to any changes
- 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 - including CMC & Quickswap Polygon zkEVM
What we won’t do
- Improve Arbitrage bot to balance GIV price across Ethereum Mainnet, Gnosis Chain, Optimism and Polygon zkEVM
- Research, possibly implement a new solution for easy bridging between supported chains
- Implement new GIVeconomy UX design (develop, test, launch & market)
- Run 1 GIV token essentials sessions for the internal community (we will only run 1)
- Grow CEX contacts and execute on approved paths for getting GIV listed on CEXs
Core Metrics
- Reduce GIVbacks processing salary budget by 50% by the end of the season (currently approx. $6500 for the season
- Make GIVeconomy 4th most visited page on Giveth (currently 5th)
- GIV token price within 3% on OP & Gnosis
- GIV token price performing comparatively to related alt coins (e.g. POL, GTC, OP, GNO)
- 100 visits to GIVtoken Linktree
- Launch “Ahead of the Gurve” campaign with higher perfornance than regular tweets (>50 engagements per post)
Budget
| Estimated S5 Cost | |
|---|---|
| Dev | $7,300 |
| Design | $4,100 |
| PM | $21,200 |
| Community | $18,400 |
| Market Maker | $6,000 |
| Optional: GIVeconomy new chain integration | $9000 |
| Total Budget | $57,000 + Optional: $9000* |
*The $9,000 required to cover a new GIVeconomy EVM chain integration will come directly from any grant won to justify the work.
Shrink 
What we will do
Finishing things out
- Complete GIVbacks V2 experiment & governance process
- Add Polygon zkEVM support to GIVeconomy Analytics Dashboard
- Unwind deprecated Gnosis < > Optimism Connext Bridge
- Complete GIV token distribution audit to get an accurate sense of how much GIV the DAO controls
New Features
- Bring the GIVeconomy to other chains/networks as promised by won grants
- If proposal for GIVbacks V2 passes:
- Deprecate old GIVbacks processes & full implement GIVbacks V2
- Design & develop improvements to GIVeconomy & donation UX to make “raffle entries” more apparent
- Publish GIVeconomy GIV distribution update (from the audit work) to share with the entire DAO the evolution of the GIVeconomy
Token Growth
- Execute on “Ahead of the Gurves” and “The Difference is Clear” GIV marketing campaigns
Maintenance
- Distribute GIVbacks & $nice tokens for each round, and post corresponding comms messaging
- Maintain & top-up GIVpower rewards program
- Manage support tickets related to GIVeconomy
- Maintain GIVeconomy documentation, corresponding to any changes
- 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 - including CMC & Quickswap Polygon zkEVM
What we won’t do
- Improve Arbitrage bot to balance GIV price across Ethereum Mainnet, Gnosis Chain, Optimism and Polygon zkEVM
- Research & implement a new solution for easy bridging between supported chains
- Implement new GIVeconomy UX design (develop, test, launch & market)
- Run any GIV token essentials sessions for the internal community
- Conduct GIVeconomy user research to identify pain points & user needs
- Create a new design for GIVeconomy UX based on user research (e.g. consolidating pages, improving GIVpower, etc.)
- If proposal for GIVbacks V2 passes: Work with Lotto PGF on a on-chain version of the raffle “picker”
- Track analytics on GIV marketing campaigns and use them to inform future GIVeconomy social content
- Grow CEX contacts and execute on approved paths for getting GIV listed on CEXs
Core Metrics
- Reduce GIVbacks processing salary budget by 50% by the end of the season (currently approx. $6500 for the season
- GIV token price performing comparatively to related alt coins (e.g. POL, GTC, OP, GNO)
- 80 visits to GIVtoken Linktree
- Launch “Ahead of the Gurve” campaign with higher perfornance than regular tweets (>50 engagements per post)
Budget
| Estimated S5 Cost | |
|---|---|
| Dev | $7,000 |
| Design | $2,100 |
| PM | $19,200 |
| Community | $15,700 |
| Market Maker | $6,000 |
| Optional: GIVeconomy new chain integration | $9000 |
| Total Budget | $50,000 + Optional $9000* |
*The $9,000 required to cover a new GIVeconomy EVM chain integration will come directly from any grant won to justify the work.
Next Steps
The GIVeconomy WG has been AMPED UP since Season 4, and I’m so excited about the progress that we have made. Looking forward to another season of cleaning things up and prepping the GIVeconomy leading up to the launch of Gurves.
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 3 months.
When we have the outcome of the Snapshot vote we will meet as DAO Stewards to finalize the scopes of all WGs based on the available Season budget.
BTW Major praise to @mitch @JakeS @Griff @OyeAlmond for helping me compile this proposal! I seem to be posting it first, but I was dead last at getting it ready 