July 2025
Details
Contributor compensation and expenses for July 2025 were paid partly from the Giveth Treasury and partly covered out-of-pocket by Griff in stable tokens. This post serves to document and acknowledge those payments.
Note that there were no GIV tokens are being requested to reimburse Griff.
Breakdown of Payments:
- From Giveth Treasury: $24,712.35
- Covered by Griff: $11,129.07
Total: $35,841.42
Internal charges between Giveth and General Magic (GM) are not included in the figures above and will be discussed in detail below.
Team Information
| Name | Hours |
|---|---|
| Algene | 10.00 |
| Ali | 118.50 |
| Alireza | 160.17 |
| Almond | 72.00 |
| Amanda | 1.25 |
| Amin | 9.00 |
| Anamarija | 12.00 |
| Anna | 13.97 |
| Ashley | 80.10 |
| Carlos | 151.00 |
| Cherik | 56.64** |
| Cotabe | 39.58 |
| Freshelle | 34.50 |
| Giantkin | 30.00 |
| Griff | 26.00 |
| Jake | 80.00 |
| Kay | 60.00 |
| Kkechy | 167.05 |
| Kristina | 93.02 |
| Latifat | 1.00 |
| Lauren | 56.17 |
| Maryjaf | 160.00 |
| Meriem | 1.75 |
| Mitch | 134.50 |
| Moeshehab | 10.00 |
| Pedro | 28.00 |
| Ramin | 10.00 |
| Shyne | 12.78 |
| Skayaz | 0.50 |
| William | 8.25 |
| Yegor | 60.18 |
**contributor who has claimed their PTO hrs
Spending Details
| Total Compensation for the month | 55,080.64 |
| Less: Cost of Giveth in GM | 4,284.91 |
| Giveth Compensation Cost | 50,795.73 |
| Add: Expenses | 841.17 |
| Total Cost for the month | 51,636.90 |
General Magic <> Giveth Accounting
Summary
| Description | Amount |
|---|---|
| GM contributors working in Giveth | $14,704.32 |
| Less: Giveth contributors working in GM | $4,284.91 |
| Net amount Giveth to pay GM | $10,419.41 |
No mark-up was applied for GM contributors working in Giveth. The amounts charged are all at cost.
General Magic Credit Balance
As previously mentioned in this post, below is the updated credit balance of GM as of July:
| Description | Amount |
|---|---|
| Credit Balance as of 31 Jun 2025 | $17,047.16 |
| Less: Giveth payment to GM - Jul 2025 | $10,419.41 |
| Less: Subscriptions share - Jul 2025 | $136.17 |
| Credit Balance as of 31 July 2025 | $6,491.58 |
Compensation Breakdown
This month, contributors had the option to receive compensation partially in stable tokens and in GIV. Here’s the breakdown of the totals (adjusted amounts):
- Stable Compensation - $44,581.73
- GIV Compensation - $1,014.01/ 506,770.89 GIV
- GIV Price at time of distribution - $0.00200092
- GIV Price via Coingecko Aug 18, 2025, 17:54:59 GMT+8
GIV Equity Distribution
Following the recently approved equity distribution plan, we distributed $3,366.25 worth of GIV tokens as equity to the contributors who opted to partially receive their monthly compensation in $GIV tokens.
| Month | July 2025 |
|---|---|
| Equity distribution in USD | $506.25 |
| GIV Price at time of distribution | $0.00200092 |
| GIV Price via Coingecko | Aug 18, 2025, 17:54:59 GMT+8 |
| Total GIV sent for Distribution | 253,010.11 |
| Transaction Link | *to be updated |
Working Group Cost Breakdown
| WG | Cost for the Month in USD |
|---|---|
| DApp WG | 31,658.79 |
| DAO Ops WG | 2,126.72 |
| Quadratic Funding (QF) WG | 5,978.53 |
| GIVeconomy WG | 2,198.03 |
| Fundraising WG | 8,047.39 |
| Giveth Business Development | 547.94 |
| QACC | 238.33 |
| Total Giveth Compensation Cost | 50,795.73 |
*Note: There is a $0.13 difference in Clockify vs. actual amount paid due to rounding off differences.
Here’s a month-by-month breakdown of expenses for 2025
Summary report links:
- Breakdown of costs per WG can be found here.
- Breakdown of WG hours per contributor and description can be found here.
Expenses
This batch of payments includes some expenses incurred during the month. These are the details:
- Clockify (shared subscription with GM - DAO Ops WG) - 156.12 USD
- Copilot Github (shared subscription with GM - DApp WG) - 19.95 USD
- BD Win Commission - Stellar QF Sponsorship (QF WG) - 665.10 USD