Should we allocate 8.5 Million GIV from the GIVgarden multisig to extend GIVpower incentives from April 30 to October 29, 2024?

Our 2nd 6-month period of GIVpower staking incentives are about to run dry.

Current program ends: April 30, 2024 Request: Top up staking incentives on Optimism & Gnosis Chain (with rewards earmarked for future chain integrations) for 6 more months (until October 29, 2024) Request amount: 8,500,000 GIV From: GIVgarden Multisig

Why extend?

1. GIVpower is the primary source of demand for the GIV token as we built towards gurves, and this utility and corresponding incentives is a core part of our current GIVeconomy marketing efforts.

2. We recently won a grant to bring the GIVeconomy, including GIVpower, to Polygon ZKEVM and are seeking grants from other networks & chains to do the same for them. It's important to maintain our system to satisfy our partners' expecations.

3. Users have locked their GIV tokens in GIVpower expecting incentives and multipliers for periods between 2 weeks & 1 year. If we eventually want to hault or scale down GIVpower, it will require some forethought & planning.

4. GIV staking incentives, at least until the GIVstream runs our in December 2026 kind of act as a balance to the growing circulating supply, and encourages our community to keep their GIV.

More Details

The 8.5 Million GIV amount for this 6 month period will be distributed as GIV staking rewards (split accross supported chains for GIVpower). This number was calculated using historical GIV staking amounts on both Gnosis Chain and Optimism, with the goal of slightly decreasing the staking APRs (compared to the last 6 month period).

For a more detailed explanation of this analysis, please refer to the linked forum discussion.