Rewards Working Group Proposal

Vision and Mission

Everyone desires to feel valued; it is one of our fundamental human needs. When we use praise and gratitude to acknowledge and appreciate the effort and positive impact of others, we increase feelings of social worth and awareness of value to the organization, which leads to increased prosocial behavior. As a result, individuals are more likely to engage in and contribute to communal activities, resulting in stronger and more vibrant communities.

Praise has been an essential part of the Giveth community, it serves as a catalyst for cultivating a culture of support, encouragement, and mutual recognition. Our belief in the inherent value of praising one another’s contributions transcends any external rewards that may be associated with it. At Giveth, we embrace this fundamental principle, as it aligns perfectly with our mission to build a better future by nurturing a community founded on care, vision, and the profound act of expressing support and gratitude towards our fellow members.

Goals

To implement, maintain and continuously improve the Praise system and build a culture of rewarding actions from anyone that adds value to the Giveth ecosystem.

Benefit for Giveth

The Rewards Team is the group of people that are responsible for configuring and managing Praise. They will mint or have custody of reward tokens in Aragon DAO, distribute reward tokens (GIV), inform the community about Praise and distributions, etc. The Reward Team is made up of the Praise Lead, Praise Minter, Cultural Analyst, Giveth Rewards DAO token (GRD) holders and Quantifiers.

Benefits brought by Praise:

  • Community intelligence
  • Reputation building for members of Giveth
  • Distributed rewards to members for adding value to Giveth
  • Fosters a culture of giving and gratitude within Giveth
  • Boost productivity within Giveth through motivation and recognition
  • Promotes inclusivity within Giveth

Team & Resources

Franco
- Lead / Steward Main Praise POC for the community.
- Praise Minter

Responsibilities:

  • Recruit new quantifiers when needed to maintain numbers in quantifying pool
  • Assign quantifiers for each period
  • Ensure quantifications are completed on time: chase and remind quantifiers when running late
  • Open and close quantification periods
  • Host quantification reviews
  • Answer questions from the community about Praise
  • Mint or acquire tokens for distribution
  • Distribute tokens
  • Produce analysis reports

Danibelle - Cultural Analyst

  • Responsible for checking that the outcome of Praise is aligned with the community’s stated objectives.
  • Evaluate and review the trends in the analysis reports
  • Gather community’s sentiment about how Praise is working

Nikola - Lead support / Quantifier managing support

Brichis - Cultural analyst support

Mitch - Senior Advisor

Duration

Ongoing for as long as Praise and Rewards is required by the Giveth Community.

Deliverables and Budgeting

For budgeting we are only proposing two options, sustain and grow, since at the moment this WG is small and new and we don’t consider there’s anything to shrink without compromising the functionality of the WG.

:arrow_double_up: Grow

  • Oversee Praise operations
  • Address any problems or issues that arise with Praise
  • Recruit quantifiers and maintain list/team of quantifiers
  • Assign quantifiers for each period
  • Open and close quantification periods
  • Answer questions from the community about Praise
  • Mint or acquire tokens for distribution
  • Distribute rewards
  • Produce analysis reports
  • Host quantification reviews
  • Gather community’s sentiment about how Praise is working and create forum feedback
  • Analyze praise data at a deeper level to identify patterns and trends
  • Produce additional reports on Praise beyond what is provided in the dashboard
:heavy_dollar_sign: Breakdown
Monthly Contributor Costs $2,500
10% Budget Buffer $750
Total for next 3 months $8,250

:arrow_forward: Sustain

What we will do :white_check_mark:

  • Oversee Praise operations
  • Address any problems or issues that arise with Praise
  • Recruit quantifiers and maintain list/team of quantifiers
  • Assign quantifiers for each period
  • Open and close quantification periods
  • Answer questions from the community about Praise
  • Mint or acquire tokens for distribution
  • Distribute rewards
  • Produce analysis reports

What we won’t do :x:

  • Host quantification reviews
  • Gather community’s sentiment about how Praise is working and create forum feedback
  • Analyze praise data at a deeper level to identify patterns and trends
  • Produce additional reports on Praise beyond what is provided in the dashboard
:heavy_dollar_sign: Breakdown
Monthly Contributor Costs $1,700
10% Budget Buffer $500
Total for next 3 months $5,600

*Budget Buffers are included for any unexpected costs from operations, only if a portion or all of it is spent will another, proportionate, budget buffer be requested in the subsequent budget.

Approval Process

This WGP will remain available and open for Advice Process for 7 days, after which it will move to a Snapshot vote to decide the approved budget and scope.

8 Likes

Hey Franco! I would be curious to see as part of this proposal how much GIV is being spent, I know we allocated it already but it would be nice to see.

I like what @WhyldWanderer did in including the GIV costs for running the Ambassador program for example in the Communitas Working Group Proposal.

I’m really overjoyed to see this WGP up after long last, great work!

2 Likes

Thanks Mitch!

That is actually a great idea, it’s been on the back of my mind for some time. I’ll get on it and prepare some numbers.

1 Like

Hey Mitch, sorry for the delay, it was a bit hectic for two weeks but I got those numbers now.

Here’s a table with the GIV allocation and the actual number distributed per round for all the rewards distributions so far:

Round Dates GIV Distributed GIV Allocated
Round 1 01 November 2021 and 14 November 2021 47942 58000
Round 2 15 November 2021 and 14 December 2021 59276 116000
Round 3 15 December 2021 and 14 January 2022 74500 116000
Round 4 15 January 2022 and 14 February 2022 49933 116000
Round 5 16 February 2022 and 14 March 2022 65036 116000
Round 6 15 March 2022 and 14 April 2022 88577 116000
Round 7 15 April 2022 and 14 May 2022 77994 116000
Round 8 15 May 2022 and 14 June 2022 96610 116000
Round 9 15 June 2022 and 14 July 2022 103186 116000
Round 10 15 July 2022 and 14 August 2022 91515 116000
Round 11 15 August 2022 and 14 September 2022 85172 116000
Round 12 15 September 2022 and 14 October 2022 74138 116000
Round 13 15 October 2022 and 14 November 2022 78424 116000
Round 14 15 November 2022 and 14 December 2022 56356 116000
Round 15 15 December 2022 and 30 December 2022 25338 58000
Total 1073997 1624000

So we can see that we’ve spent around 66% of the total GIV allocated for the rounds between November 21’ and December 22’.

Considering that the total amount available for rewards distribution is 35 million GIV we have only spent around 3% out of this total for distributing rewards a little bit over 1 year.

For this next season the max amount projected to be used will still be 116k GIV per month.

1 Like

The Snapshot vote is live here.

It will remain open until July 24th. Please vote!

2 Likes

The community has spoken!

Here are the final results of the Snapshot voting:

The result is to sustain the Rewards WG and continue with our usual quantification and distribution activities with the addition of expanding our Cultural Analysis to this first season.

Thanks everybody for voting!

1 Like