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Ratify the GIVeconomy Token Distro Update & Simplified Governance Model

Voting ended 10 months agoSucceeded

Since the launch of the GIVeconomy, the Giveth DAO has fulfilled early goals related to the distribution of GIV, and evolved our governance processes along with the changing ecosystem. This proposal is to report and ratify on-chain the new, simplified GIV token distribution and corresponding Giveth governance model.

Token Distro Update

The updated GIV token distribution has 4 major parts:

Held by the community (39%): This is GIV has already been distributed across the community
DAO-controlled liquidity (4%): This GIV is locked in LP tokens providing liquidity for GIV and controlled by the Giveth DAO.
GIVbacks (5%): This GIV is set aside to fulfill our at-launch promise to run GIVbacks until December 22, 2026.
Available to Giveth DAO* (52%): This GIV is under control of the Giveth DAO and can be used to meet roadmap goals, fulfill our mission and strengthen the GIVeconomy, following approval by GIVpower holders through on-chain votes (see below).

*Note: Of the GIV “Available to Giveth DAO” some has been earmarked for use for salary payments and liquidity initiative already (refer to forum discussion attached to this proposal). This GIV will be used for those purposes unless another vote to reallocate it is passed.

Governance over Available GIV

If this proposal passes, governance over the "Available to Giveth DAO" portion of the GIV token allocation, will require a Snapshot vote with GIVpower. Users can engage as follows:

Get Giveth governance power (GIVpower) by staking (and optionally locking) GIV, on any GIVpower-supported chains (currently Gnosis Chain, Optimism and Polygon zkEVM)
GIVpower is non-transferrable. Get 1 GIVpower for every GIV staked. Get up to 5.2x GIVpower if you lock your GIV for up to 1 year.
Proposals to use or allocate GIV beyond previously agreed upon buckets (refer to forum post for Jan 2025 image) must follow the Giveth advice process and be voted upon by GIVpower holders in Snapshot.
GIV required for the outcomes of passed proposals will be distributed via the corresponding Giveth DAO multisig.

Off-Chain Vote

For70.01M GIVPOWER100%

Against0 GIVPOWER0%

Abstain3.19K GIVPOWER0%

Quorum: 700%

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Discussion

Ratify the GIVeconomy Token Distro Update & Simplified Governance Model

Timeline

Feb 17, 2025Proposal created
Feb 17, 2025Proposal vote started
Feb 22, 2025Proposal vote ended
Nov 03, 2025Proposal updated

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Token Distro Update

The updated GIV token distribution has 4 major parts:

Held by the community (39%): This is GIV has already been distributed across the community

DAO-controlled liquidity (4%): This GIV is locked in LP tokens providing liquidity for GIV and controlled by the Giveth DAO.

GIVbacks (5%): This GIV is set aside to fulfill our at-launch promise to run GIVbacks until December 22, 2026.

Available to Giveth DAO* (52%): This GIV is under control of the Giveth DAO and can be used to meet roadmap goals, fulfill our mission and strengthen the GIVeconomy, following approval by GIVpower holders through on-chain votes (see below).

Governance over Available GIV

If this proposal passes, governance over the "Available to Giveth DAO" portion of the GIV token allocation, will require a Snapshot vote with GIVpower. Users can engage as follows:

Get Giveth governance power (GIVpower) by staking (and optionally locking) GIV, on any GIVpower-supported chains (currently Gnosis Chain, Optimism and Polygon zkEVM)

GIVpower is non-transferrable. Get 1 GIVpower for every GIV staked. Get up to 5.2x GIVpower if you lock your GIV for up to 1 year.

Proposals to use or allocate GIV beyond previously agreed upon buckets (refer to forum post for Jan 2025 image) must follow the Giveth advice process and be voted upon by GIVpower holders in Snapshot.

GIV required for the outcomes of passed proposals will be distributed via the corresponding Giveth DAO multisig.