[{"name":"json","type":"string","signature":"string json","value":{"name":"json","type":"string","value":"{\"text\":\"Quick reminder that the 5 ETH of funds from this grant were to be used to sponsor the matching pool for two quadratic funding rounds on Giveth. In our previous update, we explain the use and impact of the first 2.5 ETH through our “Giving Season QF round”. In the write up below, you will find the “Galactic” deets for the second completed round (and use of the remaining 2.5 ETH). \\n\\nIn our Galactic Giving round, 2.5 ETH from this Public Nouns grant was used to help co-sponsor this “astronomica”' 50,000 USDGLO matching pool on Arbitrum One supporting 96 verified projects across the full “galaxy” of public goods. This 2.5 ETH was around $5577 [upon receipt](https://etherscan.io/tx/0x10975407db91205cda1e9f9bb288488d215d6d94dfa12b192ffa0cb78893df11), it was held as ETH in our matching pool multisig until this specific round, sold for approx. $8247 in USDGLO on May 20, 2024 for distribution to projects.\\n\\nThe Galactic Giving Round ran from May 2nd to May 16th, 2024, (crossing May 4th and leading to the galactic theme \\\"May the 4th be with you”). It “gravitated” over $37,000 of donations from the community, on top of the matching pool, leading to a total amount raised of $87,068 for the round! The ETH used from this grant essentially led to approx. 15x the funding going to vetted public goods projects through QF.\\n\\nAgain, we decided to pay the matching funds out in USDGLO - a stablecoin that helps lift people out of poverty, leading to ripple effects of positive impact. You can see the full round details, including project information, amounts raised, unique donors, and more in [the Giveth forum](https://forum.giveth.io/t/galactic-giving-round-results-may-2-16-2024/1445) or check this TL;DR:\\n\\n* Matching Pool: $50,000 USDGLO on Arbitrum (made possible in part due to this proposal)\\n* Donation: $37,068 raised by the community\\n* Engagement: 96 verified projects, 1,531 unique donors, and 4903 total donations\\n\\n## Added benefit for Public Nouns specifically\\n\\nIn this round, the community really favoured Public Nouns Operations! [The project on Giveth ](https://giveth.io/project/public-nouns-operations)participated in this QF round, and was the 2nd biggest recipient of matching funds, drawing in $1477 from 86 unique donors and 3083 USDGLO in matching funds - a total of $4560 of funding for the amazing people making Public Nouns run!\\n\\nAs additional “live long and prosper” for Public Nouns as a matching pool sponsor: Public Nouns branding was shown prominently on our QF round page banner (image below) and featured in various tweets about the round, including [this full sponsor thank you](https://twitter.com/Giveth/status/1786380742370439179), [this Public Nouns-specific thread](https://twitter.com/Giveth/status/1786743099802185936), as well as it was really “cosmic” to even share a[ X space together](https://twitter.com/Giveth/status/1787497662620565597) in this round. \\n![image](https://forum.giveth.io/uploads/default/optimized/2X/d/dafe8318c09fbdd8c3b458da6a25f942f0f6468d_2_1248x416.png)\\n\\n## A note on new innovations for this QF round:\\n\\nThis round was the first time Giveth utilized a new QF mechanism called [Connection-Oriented Cluster Match (COCM)](https://forum.giveth.io/t/cluster-match-qf-announcement/1419). This addition both reduced our data analysis overhead cost and created a more pluralistic way to distribute the matching pool. \\\\\\n \\\\\\nHere are some interesting takeaways after comparing COCM to “regular” QF for the Galactic Giving Round:\\n\\n* 21/96 projects received LESS matching funds\\n* 73/96 projects received MORE matching funds\\n* 2/96 project received the SAME matching funds\\n\\nIn short, COCM distributed the matching pool more evenly than regular QF, and the vast majority of projects benefited from this new mechanism.  \\\\\\n \\\\\\nAnother awesome new feature that was introduced for this QF round was [recurring donations](https://docs.giveth.io/dapps/recurringDonation/)! We finished up an integration with [Superfluid](https://www.superfluid.finance/) in April, and shortly after it was announced that any recurring donations made to projects in the QF round would count for matching. This is a truly innovative step forward for Giveth and the public goods funding space as a whole; combining streams with quadratic funding has the potential to reshape how we think about donations and matching going forward. Here are the recurring donation stats:\\n\\n* 44 donation streams set up for Galactic Giving projects\\n* $24.61 in value streamed during the QF round\\n* Streams used GIV, ETH, USDC, DAI, & OP\\n\\nYou can check out the [recurring donations docs](https://docs.giveth.io/dapps/recurringDonation/) to learn more.\\n\\n## Conclusion & Summary\\n\\nWe are blown away by the incredible impact that 2.5 ETH from this grant (paid out in December 2023 at a price of approx. $5577) had. In short, it led to: \\n\\n* Attracting 13 additional quadratic force members (sponsors) for the Galactic Giving QF round\\n* A total of $50,000 of matching funds raised\\n* A total of $37,068 donations raised additionally from the community\\n* $87,068 total funding going to 96 verified public goods projects through Giveth\\n* Approx. $4560 of funding raised for Public Nouns Operations through this round\\n\\nThe ETH from the 2nd part of this grant effectively **catalyzed 15x the funding** to go to public goods projects, supporting everything from [Basic School Supplies](https://giveth.io/project/basic-school-supplies) for children in Nigera, to decentralized web3 networks through [DappNode](https://giveth.io/project/dappnode), to funding the Public Nouns Operations team itself, and we couldn’t be happier with the results.\\n\\nThis “ends our mission” for this grant but we hope that with your continued support we can count on Public Nouns to sponsor future rounds on Giveth!\",\"title\":\"Giveth’s Galactic Arbitrum QF Round (May 2nd - 16th, 2024) \",\"type\":\"grant-update\"}"}}]