The Quadratic Funding WG oversees all aspects of QF at Giveth. In the last few months, we have take somewhat of a quiet pause, making small improvements & hibernating in preparation for our 2025 ramp-up.
For context and continuity, you can explore past WG proposals here:
Season 1
Season 2
Season 3
Season 4
Season 5
This post contains a breakdown of our spending, earnings, and achievements in Season 5, as well as outline what lies ahead for Season 6.
S5 Deliverable Retrospective
Deliverable | Status | Note |
---|---|---|
Complete GIV-ARB round | DONE | KYC for projects was completed, funds sent out and data added to our backend. |
Complete GIV-a-Palooza round | DONE | Funds were distributed, data added to the backend, and comms distributed. |
Improve estimated matching to reflect COCM | IN PROGRESS | This is in development phase, having been deprioritized consistently |
Resolve issues around MBD system & bugs from 2024 QF rounds | NOT DONE | Unfortunately these issues were forgotten |
Improve design of Giveth homepage to more easily find QF rounds | NOT DONE | Not complete |
Manage Stellar QF round | IN PROGRESS | We are projecting the Stellar QF round to run in Feb, and have been coordinating with their team to set the round requirements. |
Bonus Deliverables
Deliverable | Status | Note |
---|---|---|
Conduct hiring process for new QF PM | DONE | We are happy to welcome Yegor to the team! |
Spending Review
Estimated S5 (3 month) Cost | Actual S5 Cost | |
---|---|---|
Salaries | $7,200 | $12,696 |
Reference: Giveth QF Budgeting Spreadsheet
Core Metrics Review
- Fundraising has taken ownership of matching pool raises and all our other core metrics were contingent on running the Stellar QF round last Season, but that round is still in negotiations.
Observations
- Without a dedicated full-time PM in QF working group, and no pressure to complete issues to run any rounds, design & dev issues moved slowly and lacked deadlines
- We were overbudget by approximately $5,500, but managed to hire a PM for the new season (work which was outside of the agreed-upon scope), and I think that’s a win!
Season 5 Deliverables & Budget
Recall that matching pool fundraising efforts fall within the Fundraising WG. The following is a breakdown of our proposals for the next 3 months considering the new hire, and all the commitments we are currently making. We are excited to be ramping things up again!
Grow
What we will do
Operations
- Train and onboard new PM to take charge of Giveth QF rounds going forward
- Manage & Operate 3 QF Rounds (Feb, Mar, Apr)
- Decide timelines and dates for rounds secured from the Fundraising WG
- Set round specifications, onboard & curate projects
- Conduct marketing (3 Twitter Spaces, support guides, social media, and email outreach per round).
- Create a round-specific support guide for projects & donors
- Provide support for donors & projects via Discord, Telegram, and email
- Conduct sybil analysis & funds distribution
QF Site Development
- Full-DApp UX overhaul so that on any page someone navigates to, there is a clear banner directing them to the QF page & on every page the QF round is the “star of the show”
- Redesign homepage navigation such that it clearly directs users to the QF round as the primary funnel during active QF rounds
- Improve estimated matching results using COCM
- Streamline Passport identity verification UX
- Adapt QF product to handle rounds corresponding to any won grants
- Address past-round issues and bugs
Program Improvements
- For sponsors:
- Create tips and best practices for Sponsors to maximize sponsorship.
- Provide case studies from previous sponsors to inspire new partners.
- Create an interactive “Sponsor Success Hub” on the website with examples, resources, and templates.
- For projects & donors:
- Create customizable gifs, image & video templates for projects to do co-marketing.
- Improve user guides for donor & project onboarding with clearer workflows and resources.
- Develop clear FAQs to address recurring questions.
- Implement post-round surveys for donors and project owners to gather feedback
- Build a centralized feedback repo (Typeform + Notion / Airtable) to track insights from donors and projects and use feedback per round improvements.
- For team:
- Create detailed guides for running and operating QF rounds.
Extras
- Create, manage and market separate projects on Giveth for cause-focused matching pool QF-round themes like environmental, OSS, animals, poverty, etc.
Core Metric
Number of rounds: 3
Donations in the rounds: At least 70% of each (total) matching pool corresponding to the round
Budget
Estimated S6 Cost | |
---|---|
Operations | $39,080 |
QF Development | $14,300 |
Program Improvements | $20,945 |
Extras | $3245 |
Total | $77,570 |
Sustain
What we will do
Operations
- Train and onboard new PM to take charge of Giveth QF rounds going forward
- Manage & Operate 3 QF Rounds (Feb, Mar, Apr)
- Decide timelines and dates for rounds secured from the Fundraising WG
- Set round specifications, onboard & curate projects
- Conduct marketing (3 Twitter Spaces, support guides, social media, and email outreach per round).
- Create a round-specific support guide for projects & donors
- Provide support for donors & projects via Discord, Telegram, and email
- Conduct sybil analysis & funds distribution
Development
- Redesign homepage navigation such that it clearly directs users to the QF round as the primary funnel during active QF rounds
- Improve estimated matching results using COCM
- Streamline Passport identity verification UX
- Adapt QF product to handle rounds corresponding to any won grants
- Address past-round issues and bugs
Improvements
- For sponsors:
- Create tips and best practices for Sponsors to maximize sponsorship.
- Provide case studies from previous sponsors to inspire new partners.
- For projects & donors:
- Improve user guides for donor & project onboarding with clearer workflows and resources.
- Develop clear FAQs to address recurring questions.
- Implement post-round surveys for donors and project owners to gather feedback
- Build a centralized feedback repo (Typeform + Notion / Airtable) to track insights from donors and projects and use feedback per round improvements.
- For team:
- Create detailed guides for running and operating QF rounds.
What we won’t do
- Full-DApp UX overhaul so that on any page someone navigates to, there is a clear banner directing them to the QF page & on every page the QF round is the “star of the show”
- Create an interactive “Sponsor Success Hub” on the website with examples, resources, and templates.
- Create customizable gifs, image & video templates for projects to do co-marketing.
- Create, manage and market separate projects on Giveth for cause-focused matching pool QF-round themes like environmental, OSS, animals, poverty, etc.
Core Metrics
Number of Rounds: 3
Donations in the rounds: At least 60% of each (total) matching pool corresponding to the round
Budget
Estimated S6 Cost | |
---|---|
Operations | $39,080 |
QF Development | $7,865 |
Program Improvements | $13,740 |
Extras | $0 |
Total | $60,685 |
Shrink
What we will do
Operations
- Train and onboard new PM to take charge of Giveth QF rounds going forward
- Manage & Operate 3 QF Rounds (Feb, Mar, Apr)
- Decide timelines and dates for rounds secured from the Fundraising WG
- Set round specifications, onboard & curate projects
- Conduct marketing (3 Twitter Spaces, support guides, social media, and email outreach per round).
- Create a round-specific support guide for projects & donors
- Provide support for donors & projects via Discord, Telegram, and email
- Conduct sybil analysis & funds distribution
Development
- Improve estimated matching results using COCM
- Adapt QF product to handle rounds corresponding to any won grants
- Address past-round issues and bugs
Improvements
- For sponsors:
- Create tips and best practices for Sponsors to maximize sponsorship.
- Provide case studies from previous sponsors to inspire new partners.
- For projects & donors:
- Develop clear FAQs to address recurring questions.
- For team:
- Create detailed guides for running and operating QF rounds.
What we won’t do
- Full-DApp UX overhaul so that on any page someone navigates to, there is a clear banner directing them to the QF page & on every page the QF round is the “star of the show”
- Redesign homepage navigation such that it clearly directs users to the QF round as the primary funnel during active QF rounds
- Streamline Passport identity verification UX
- Create an interactive “Sponsor Success Hub” on the website with examples, resources, and templates.
- Create customizable gifs, image & video templates for projects to do co-marketing.
- Implement post-round surveys for donors and project owners to gather feedback
- Build a centralized feedback repo (Typeform + Notion / Airtable) to track insights from donors and projects and use feedback per round improvements.
- Improve user guides for donor & project onboarding with clearer workflows and resources.
- Create, manage and market separate projects on Giveth for cause-focused matching pool QF-round themes like environmental, OSS, animals, poverty, etc.
Core Metrics
Number of Rounds: 3
Donations in the rounds: At least 50% of each (total) matching pool corresponding to the round
Budget
Estimated S6 Cost | |
---|---|
Operations | $39,080 |
QF Development | $4825 |
Program Improvements | $7865 |
Extras | $0 |
Total | $51,770 |
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.
We hope you will support QF this upcoming season! We are excited to bring back the exciting donation & engagements stats we experiences in seasons before last