RFC: Partner with Giveth to distribute Charity Vault Rewards
Hello pool people!
My name is Mitch and I am a Product Manager at Giveth
https://x.com/divine_comedian
I’m following up on our discussion from the CC last Thursday, December 6 2024. I was invited by @tim to propose partnering up with Giveth to facilitate the distribution of the rewards generated by the Aave USDC Charity Vault.
If you’re not familiar with Giveth
We are a crypto donation platform that has been supporting public goods and non-profits since 2016.
Our team has facilitated over $4M in funding to projects big or small that are making a difference in areas such as climate change, disaster relief, social crisis and open-source development. Our founder Griff Green is one of the O est of Gs in the crypto space.
Our platform allows anyone to create a project and start accepting crypto funding for their cause in minutes. Donations are peer to peer and Giveth doesn’t take any fees from donors or project owners.
Yes we have a token 
The GIV token was launched in 2021 and is raffled off bi-weekly to those who donated to eligible projects, this is known as the GIVbacks program. Eligible donations earn you “raffle” entries, the more you donate, the higher the odds you have of winning the raffle, which can be up to 500k GIV tokens ($4k) every 2 weeks.
GIV tokens can be used by anyone to curate projects and “boost” them using a mechanic called GIVpower. Projects with more GIVpower subsequently yield more raffle entries to their donors and are promoted higher among the list of projects seeking funding.
Giveth currently operates on 11 chains, including:
- Ethereum
- Base
- Optimism
- Arbitrum
- Gnosis Chain
- Polygon
- Celo
- Polygon zkEVM
- Solana
- Stellar
- Ethereum Classic
But wait, there’s more! 
In addition we also operate Gitcoin-style Quadratic Funding Rounds. We’ve hosted 10 QF rounds so far, distributing $373k in matching funds to hundreds of projects.
The Proposal
I would propose to redirect the fee revenue coming from the current charity vault to go to the Giveth Matching Pool which is distributed to a wide array of public goods and non-profits as matching funds from QF rounds. This would be the first step of hopefully a more robust integration with PT.
In return contributions from the charity vault to the matching pool will become eligible for our GIVbacks raffle, potentially earning a boat load of GIV which can be utilized by the PT community as it sees fit.
In addition, Giveth will gift 5 Givers NFTs from our limited collection to the PT community to be distributed as they see fit. NFT holders have the ability to choose their favourite public goods projects to be added into select “Givers-nominated” QF rounds.
We think this is a great opportunity to build a strong partnership with PoolTogether and kick-start a fruitful collab on building “lossless giving” and new public goods Legos!
As a disclaimer, When Giveth operates a QF round we take a 15% fee that covers Giveth’s operational costs as well as the sybil analysis work done at the end of each round.
Some other stuff we could do 
I understand that PT is looking at what to do with Governance and Treasury for the future.
Other ideas we could explore now or later could include facilitating a token swap and LP, creating economic bonds for both our communities. We’ve done this with many other communities such as Optimism, Gnosis, Polygon and ShapeShift.
We’d also like to explore ways that we could give przPOOL and POOL holders influence over where to direct funding, letting them have a say in which project receives the fee yield for a given time period.
Lastly and very excitingly, we also offer the opportunity for protocols to contract Giveth as a KOL marketer for their project. The twist is that 85% of the KOL fee actually goes into sponsoring a QF round, so instead of paying a morally questionable twitter account, you are supporting public goods with potentially hundreds of regen projects giving you brand exposure across multiple platforms.
We have a slide deck here if you’re interested in co-marketing with Giveth.
Temp Check 
Which of these excite you? 
(choose as many as you like)
- Change Charity Vault Fee Yield Recipient to Giveth QF Matching Pool
- Create LP pool with GIV/POOL (Amount TBD)
- Explore ways for depositors to vote for the charity to receive the fees
- Sponsor a Giveth QF Round through Giveth Co-Marketing
These vaults could send most of the yield to Giveth (i.e. 90% to Giveth and 10% for prizes). The vault ownership would be transferred to Giveth so you can pull the yield out (and change the percentage if you like)
