Giveth has been hard at work this year building our next stage of governance and accessibility. Giveth 2.0 brings the most streamlined experience possible for transparency between donors and mutual aid project leaders with a free, open-source, and decentralized application. Giveth can now provide tax deductions, and communities will soon be able to white label the DApp with curated sets of projects on their own websites. Finally, Giveth governance is now on-chain with an Aragon DAO.
These are major improvements to philanthropy and decentralized altruistic communities. The Giveth crew is building tools to finance the commons with transparency and flexibility.
Dive into the details below!
Announcing Giveth DAO
Giveth’s governance is now on-chain on an Aragon DAO. The reputation token governs the allocation and distribution of funds, as well as hiring and resource prioritizing. Using this governance, Giveth will launch a utility token. We’re exploring exciting opportunities to leverage existing DeFi money legos to sustainably incentivize and reward donors. And yes, fam, we will do a drop to everyone who has contributed to Giveth.
Giveth 2.0’s main goal is to make the simplest experience possible to donate. Donors can easily contribute crypto (and possibly fiat, TBD) to the projects or causes they want to support.
On the flip side, communities around the world can easily start accepting donations with no intermediary or added fees.
You can preview the UX here: https://v2.giveth.io (under active development). The MVP is in the final stages of development and will soon be ready to onboard projects. Communities can create a wallet using tor.us to create campaigns to raise funds in crypto.
Following the initial release, we have several exciting features planned, but first and foremost we will be listening closely to feedback from donors, projects, and the community to determine how the platform should evolve.
One highlight is the ability to contribute directly to a cause, which will be allocated to the top projects in that area. This brings a new dimension to decentralized giving, and we estimate it will support efforts like the UN’s Sustainable Development Goals and other cause-driven efforts, by making it easier for grassroots communities doing the work on the ground to access funds.
Another is white labeling, where any community can run Giveth within their own website with their own branding, curating a custom set of projects. We give an example of this below, Gaia Giveth.
Giveth 2.0 provides a way for communities to accept donations within minutes with zero censorship, and we are hard at work on spreading our wings to find a provider to integrate fiat and crypto to make the best experience for donating to a project or cause on the web, period.
Giveth DAF (Donor Advised Fund)
Giveth has partnered with SDG Impact Fund to make it possible for donors to contribute tax-deductible donations, in fiat or crypto, to altruistic projects on the blockchain. This is a major development in finance innovation to effectively care for the commons.
SDG Impact Fund is a DAF (Donor Advised Fund) that hosts next-level relations between institutions and more grassroots projects. Each project is a component of the donor-advised fund.
By 2021 on SDG Impact Fund’s website, donors can select the Giveth sub-DAF from the projects menu. Donors can further specify, “I want this money to go to this campaign on Giveth.” Donors can also select Gaia Giveth’s sub-DAF, described more below.
DAFs empower donors to craft a charitable gifting plan that provides the upfront benefit of a tax receipt with the ability to disburse the gift over time to a variety of causes. People can also donate land, assets, crypto, and even the use of your land or use of your truck for a period of time. For example, a person can donate the use of land for 50 years to an organization. A permaculture project that begins on degraded cattle land will typically facilitate planting, restoring waterways, rebuilding soil, building structures, community centers, etc. Normally, improvements to a property like this are taxed. However, with a DAF as the donation mechanism, when the land use term nears the end, if the donor and organization have met certain requirements, it’s possible that the improvements to the land are not taxed.
This donation vehicle has been a shelter for the wealthy elite for a long time. Now, the relationship between SDG Impact Fund and Giveth makes it possible for the vast resources available through institutional funders, grants, corporate do-good money, and government agencies, to be made accessible to people doing good work on the ground!
This brings us to Gaia Giveth.
Gaia Giveth is a white-labeled version of Giveth, specifically focused on earth restoration and people care. It’s permaculture-centric, and features only projects taking care of people and the earth, not all the other kinds of crypto projects. It’s a partnership with the youth-led Gaia Protection, which matches people with projects for meaningful livelihoods.
Together with SDG Impact Fund, this relationship bridges the gaps between government, corporate, philanthropy, and global NGOs to achieve the UN’s 17 Sustainable Development Goals. Gaia Giveth aids in bringing the vast wealth being distributed for the SDG’s to local organizations already doing the work, in a transparent, accountable, impactful way.
Gaia giveth to humanity, and now humanity can giveth back to her. 🌎
And this, dear friends, concludes our latest batch of updates from the crew at Giveth. Thank you for reading, reach out if these tools are right for you, and we welcome contributions to continue building.