Should we introduce a claim window for inactive GIV allocations?

In order to rescue GIV allocated addresses that are likely never to claim it, we propose to implement a claim window that allows the DAO to “claim back” GIV that was allocated to addresses that meet the following two conditions:

1. The address should never have claimed any GIV rewards from the token distro.

2. The most recent allocation of GIV should have been at least 9 months (270 days) from the date of Giveth DAO reclaim (i.e. the address cannot have been allocated any “new” rewards via staking rewards, new GIVbacks, new praise rewards, etc. within the last 9 months).

The GIV reclaimed from these distributions will be re-allocated to future users as future rewards.

More Info

At the launch of the GIVeconomy in December of 2021, we allocated 1 million GIV for “GIVbacks” each 2-week period (round) until December 2026. Now that we are about halfway through the program, we are looking at ways to make GIVbacks more long-term sustainable and extend our GIVbacks allocation window into 2027 and beyond.

Upon analysis, we have determined that there is currently >6 million GIV that has been allocated to addresses that have never once claimed from or interacted with the GIV token distro. The GIV token distro allocates GIV to address when they earn rewards through GIVbacks, Praise rewards or vesting.

Some considerations:

We have been distributing GIV from GIVbacks on Gnosis Chain or OP Mainnet to the addresses that donated to verified projects via any other EVM-compatible chain. We have not made any checks if the donor address was a multisig or contract and if it exists on the GIV distribution chain, so it is possible that some of these allocations will never be claimed.

While we notify donors about GIVbacks through email, dapp notifications, social media posts, newsletters, and discord announcements, some donors simply are not engaged with the community and perhaps never expected or wanted to receive a reward for their donation.

Implementing a claim window will allow the DAO to bring lost or unwanted GIV allocations back into circulation, and is a standard practice with many web3 communities.