It's rising up, back on the street
Took my time, took my chances
Where's the distance? Now I'm back on my feet
Just a man and his will to survive
So many times, it happens too fast
You change your passion for glory
Don't lose your grip, all the dreams of the past
You must fight just to keep them alive
This is how a tiger starts to move and fight
He tries to get up to the challenge of our father
Out in the night, he knows the virus doesn't spread
The tiger has his word to the power of the tiger
Every time he's up, he stays for rest
There's no chance to attend to the stream
He's here with the skill to survive
He's here to fire the tiger
He's here to fight the virus
He's up to the challenge of our father
Out in the night, he knows the virus doesn't spread
The tiger has his word to the power of the tiger
Okay, hello everybody, welcome, good morning, good night, good evening, wherever you are
Thank you for joining this very special tutorial space that we have
for announcing our Quadratic Funding Ground with Givet
So many of you already know me, I'm Alan, I work as part of the core team of Metapool
Here you can find also with those, Claudio Cocillo, who is co-founder of Metapool
Claudio, do you want to introduce yourself?
Hello everybody, my name is Claudio, I'm the co-founder of Metapool
We're the first liquid staking solution on Near Aurora
Last year we launched on Ethereum as well
For those that do not know what a liquid staking token is
It's basically a token that represents a proof-of-stake token being delegated
plus the accruing staking rewards for that protocol
So really, really excited to be here, definitely more to come
I think this was a partnership in the making for the last, I don't know, maybe 3-4 months
We've been talking to Lauren, and so definitely I'll let her introduce herself
But yeah, thank you very much everybody for coming in here
Have a great kickstart to the week, and for those that have not yet listened to some of our spaces
Happy New Year, still genuine, so Happy New Year Lauren, we haven't talked
So I reckon it's a must, wishing everybody a great year
Hi everybody, I'm Lauren from Giveth, super happy to be here
As Claudio mentioned, we've been talking for a few months
between Giveth and Metapool about possible collaborations and hosting this quadratic funding round
So I'm super excited that we're finally getting to announce it
The round will be starting in February, but we are starting an open call right now inviting projects to join the round
So I know we'll get more into those details throughout the duration of the space
Yeah, and I can tell you just a really little bit about me
I mean, I work with Giveth, I'm a product manager at Giveth
I help run and operate our quadratic funding rounds
So I've been with Giveth for the last three years-ish
And yeah, really just my kind of goal with being here in Web3
is trying to see how we can use all the tools, the economic tooling that we're building in Web3
and leverage that to help support real world impact projects
public goods projects and non-profits to help them kind of achieve what they're trying to do
I think the values within the crypto space around decentralization and self sovereignty
and community and impact are really, really aligned with creating positive impact in the real world
And we have a lot of potential here with the amazing tech that we're building to really make change
So yeah, that's a bit about me and what I'm excited about
And yeah, I'm not really sure who to pass it
So I'll let you guys take it away on the medical side and let you direct the show
But here's the hair and happy to volunteer any other information about the round that I can
And a good starting point for this conversation is
Well, first, thank you very much to the Giveth team for joining these Twitter spaces
If you can tell us a bit more about what is Giveth, when it started, why it started
You mentioned a set of important points
Here in your participation around how to use this technological tool for supporting
for making quite a bit of funding rounds
If you can explain a little bit more of what is Giveth, I think it's a good starting point, Lauren
So Giveth is a donation platform
We actually started back in 2016
where our co-founder, Griff Green, is kind of like a super crypto public goods OG
And so Giveth started back in 2016, really with the mission of trying to use Web3 tooling to create real-world impact
It was like inspired with all of the things that were coming out of the first dows
and this concept of having decentralized organizations
or decentralized governance over public goods
and really just kind of like bringing the power to the hands of the people
so that the people can have a say in the public goods that they're receiving
That's where the idea for Giveth kind of first started
And the way that we kind of came into being was like with that in mind
It's like how do we actually reach the real-world projects that are actually creating impact already
And so that kind of led us to nonprofits and working in the nonprofit donation space
The way that public goods projects are predominantly raising funds right now to create public goods
Public goods like taking care of the environment or creating free education systems
or creating onboarding resources
All of these types of projects don't often have like clear revenue strategies
that fit really well within kind of our capitalistic society
So they end up being dependent on donations
So creating Giveth as a donation platform and an entry way for nonprofits to enter the web3 space
It's like the first step in order to empower nonprofits with web3 tools
It's like we need to bring them into the web3 space
using something that they're already familiar with
Donations and making donations possible in crypto
Therefore giving those real-world nonprofits access to an entire new ecosystem
of donors, those that are donating crypto
So basically from there it's like once we kind of bring the real-world projects into the web3 space
They're starting to raise funds with donations
Then they get more experience with all kinds of donation legos
and other economic tools that are kind of built on top of the donation system
One which is quadratic funding like we're doing this quadratic funding round coming up
Quadratic funding is a super cool basically way of distributing matching funds
Instead of matching donations one-to-one you kind of look to see which projects are most popular among the community
Which projects raise funds from the most number of donors
So it's like you get projects kind of coming into the space
And then they're driven to rally their community on board more users into the crypto space
to start donating to them so that they can get a greater chunk of the matching funds
And then from there they can kind of start like leveraging other tools
and getting more embedded into the ecosystem
So give us kind of started as a donation platform wanting to make it easy for nonprofits to enter the space
And then on top of that we're offering awesome tools like quadratic funding
and donor rewards and other things that I could get into more detail
But yeah, the point is really just to kind of like create this like empowerment cycle
and making it easy for people to enter web3 learn more
and take advantage of the fundraising opportunities we have and use them to create impact
and also it's amazing finding people that have been since 2016
It's like it's like really exciting to see people that keep building over
And this also have a message inside that it's an important market
It's important that people that is building the one that proceeds over the time
So congratulations team for that
And I think that, well, in Metapool we also, we are not, the project on itself isn't that all
We started on 2021, but we have a history that has been wielded over the years
around supporting communities, funding public goods
Claudio, do you want to share a bit around that?
Yeah, I think it's important
Two things here, sustainability of systems in crypto is something that is yet to be achieved
I think right now, even though there's a lot of liquidity over in the Ethereum ecosystem
most of it is large whales doing DeFi and whatnot
Now for builders, there's definitely some good options out there
Optimism, Arbitrum, they have good, even the noun style
I see some folks, some familiar PFPs here
And so I think it's important for everybody to understand what are the next steps
How do we see ourselves, more importantly, allocating these resources
And shout out to Carlos as well from the Bitcoin
If you want to come up, Carlos, just raise your hand
We're really looking forward to also wishing you a Happy New Year
We haven't talked in a while
And so definitely, how do we build sustainability?
And I think this is something that, to be honest, we understand that
sometimes this quadratic funding is kind of like a venture capital model
Where, I don't know, maybe 10% out of the batch will not return the funds
but make a big impact in the community that it justifies the overall investment
And I think that has been always a key issue that we need to address, the accountability behind it
And so with that, we try to dock food
Our vision and our ethos, right?
That we build this liquid-staking platform by the community, for the community
And in doing so, and also being true to our ethos of decentralization
Last year, we announced that all vertical fees from near Ethereum and Aurora
We're going to go directly back into the ecosystem
Funding projects, funding individuals and organizations
That their mission is to make an impact on a region
Which, for us, is in emerging markets
And more importantly, in the ecosystem as well
And so, I think here, Giveit and Gitcoin are great partners to have
And more importantly is, we are looking for the builders, right?
This is a quadratic funding round that we're focusing on for the Asia-Pacific region
It is important to understand why such a closed region, even though it's quite large, to be honest
It is because we want to explore the builders there, right?
We want for builders to know that there's other protocols in emerging markets willing to support them, right?
Giveit, Gitcoin, we love you guys, right?
But this is mainly projects from Western cultures, right?
This is a real Western region, and it's fine
It's where everything started, and I believe that's a very natural first step
Now, the next cycle, we believe, is going to come from emerging markets
And so, we want Metapol to be spearheading this
And like I said, we're dogfooding our ethos of funding common good projects
Funding projects that make an impact in the region
Because we've seen that this is possible, right?
Lucio, myself, we come from emerging markets
I'm from Mexico, Lucio from Argentina
The team is 50-50, Mexico, Argentina
Also, we have folks from Peru, from Ecuador, right?
And so, definitely for us, emerging markets are coming
Projects from these regions will lead the next 10 to 15 years of crypto and blockchain protocol development
And so, we're happy to be having great partners to do so
And the community behind it to back us up
Hey, Carlos, happy new year, my friend
Good morning, good evening, good night, wherever you are, man
Yeah, thanks for the invite
I just want to jump on really quick and say hello and give you all some props
I think this is just a match made in heaven because also give it
I always give them so much props just because of the diversity that they have
Well, not just because, but that's one of the big reasons why I'm always giving them props
The amount of diversity that they have into the team
From all over the world, including a lot of emerging markets
And I just think that this connection makes perfect sense
And also huge props to Metapole for continuing your mission of funding regional impact
And specifically in key markets
I 100% agree with what you said about this having started in one place
But the real growth or the exponential growth that we're going to see
In meaningful adoption beyond speculation and investment reasons
It's definitely going to come from emerging markets
And I'm so excited to see people working towards that
Because we really need to, we can't keep making farming protocols
You know, like doing all kinds of different things like that
What do you mean Carlos, no Lambo here or not going to the moon anymore?
I mean, we need to start creating more meaningful use cases
For example, last bull run we were farming all these vegetables
And that didn't really get us to that mass adoption that we thought we were going to achieve
And I think that this effort that you're all creating now
I think this is actually the right path that we're taking now
Yeah, and you know, I actually think it's sorry
I love what you're saying, Carlos
And I just think it's also really interesting to see that now we're kind of getting into the beginnings of a new bull market
And we're seeing more and more people who are interested in crypto
They're like kind of coming around and it's like, okay, the DJ and attitudes are coming back
And it's like, oh, wow, like what's going to the moon?
And I think we have like such an opportunity to be really making a lot of noise with like public goods funding experiments
And like crypto for good experiments
And just kind of like we have an opportunity with all the people who are just like here kind of like riding through the bear market
To really be like, hey, this is why you should be interested in crypto
And it's like, hey, yeah, like things are going to the moon
And also while we go to the moon, we can bring projects that are like bringing sustainability to that as well, you know
So I think it's like we're kind of we're also launching this quadratic funding round at a really interesting moment
In like the crypto bull bear cycle
And I think it's just like a great opportunity to like really bring that attention to good for good projects
Yeah, absolutely. Another thing I really love about give its approach
Is the way that you onboard local organizations at every conference
That to me is really cool. And you try to drive your community and your team to make impact through them
And that's just such a cool way of leaving leaving like a seed behind, you know
Thank you so much, Carlos. Yeah, that's something we really we really try to do as well
We visit conferences, we try to like onboard local nonprofits and get them kind of like, you know, joining on the Ethereum bandwagon
When there's all these people kind of showing up in their community. So yeah, thank you so much for all the praise and things
I mean, you know, you're such a good friend of give us and like, I really appreciate just like all the props that you give us
And just kind of pointing out all these things that I feel so seen on. So praise to you, Carlos. You're amazing
I think a very important method here is cross collaboration, right?
I think that that's been part of why we built in blockchain technology
This composability aspect of it
Not only can it be on the particle level, but also on a human level as well, right?
And so we at the Medical Dow and our ambassador community, we're working towards this, right?
So how do we get people engaged in the Philippines and Vietnam, right?
With folks in Brazil, right? With folks in Mexico or Peru or Ecuador or Panama or Salvador, right?
So I think this is a very important aspect of value creation
How does it flow between regions as well, right?
And so I think we need to open up our minds and manifest
How can this be possible, right? How can this become much better?
How can this scale as well? How can this be sustainable?
Right now there's a lot of unknown unknowns there in those questions being asked
But I believe here, Lauren, talk to us a little bit about some of the projects that you see up and coming from Southeast Asia, right?
I know by now everybody's looking at their favorite budget air travel website, right?
Or maybe their well-known travel partner to go to Thailand this year
I know I am, right? And some of the multiple team are as well
So definitely it's going to be a trip
I do need to get a visa to go to Thailand
So it's going to be quite an experience
It's going to be the first time for me in Southeast Asia
But talk to us about the projects
Talk to us about some of the organizations in Southeast Asia that you're bullish on
And more importantly that folks in these spaces need to know
In order for them, for everybody here to know what's driving blockchain technology growth in Southeast Asia
You know, it's actually really tougher because since we're just announcing this round now
We have a bunch of projects that are in Asia and in the Middle East
We've got projects that are supporting
We've got the Pal City and Children's Relief Fund and other projects that I know well on Giveth
But actually it's like a little bit of an untapped market
As far as projects in the Asia Pacific region
And I think part of that also has to do a lot with how
It's like, as you mentioned earlier, it's like
Even if we're considering last day, it's like we've got the American time zones
And the European time zones
And then it's like a lot of these Twitter spaces and onboarding efforts
That are just happening at crazy times
We have members on our team actually who are from the Philippines
And they're working kind of like when I'm awake
And it's this whole crazy organization thing to try to get them in the loop
So I feel like this round is actually a huge opportunity to really try to reach those markets
And onboard more people from there
We actually have a contributor in Giveth as well
He lives in China and he's super excited about this
I'm going to start to try to onboard some of my Chinese friends projects
On to Giveth and start getting them to apply for the round
Yeah, because really the goal here is to get some of the best verified projects
Verified public goods projects that we can from the Asia Pacific region
Including I think Thailand, Vietnam
Let me see if I can find the full list
But are there any projects that you guys have seen
That you're already thinking would be great contenders for funding in the round?
Yeah, there's a couple of them
So on the last GitCon round 19 we supported the global Chinese community
There were a couple of projects there
Very much focused in China
But I believe that they have a lot of potential to grow
Or to offer those services or common goods to folks in the APEC region
And so with this, definitely a shout out to Konstantin and his team
Because there's something for, or at least what we feel as somebody from Mexico
Is that sometimes I feel alienated on
Maybe we will have the same needs
But at the end of the day how you consume or how you create value
Will be different from one place to another
There's, for example, on the last GitCon round 19
For the global Chinese community there's POOP in
So basically it's POOP technology
But focused for the Asia market
Now you have the CERT.me as well
That's another good project that is coming in there
It basically aims to decentralize learning and skill certification platform
So it's very much can be applied everywhere
But at the end of the day what I really loved about them is that they're taking
And by the way it's fully open source
Let me see if I can send you the link
And maybe we can give them some props there
Because I believe it's an important one
I'll comment it in the spaces
And so there's overlapping value of funding projects in the APAC region
Because not only will this development serve a purpose in that region
It could definitely give...
And this is kind of what we're doing
And also happy to address the issue
Sorry about putting this spaces in an Easter time zone
I know it's midnight over there in Asia
And we're focusing on the APAC region
We will try to do another one with some of our ambassadors
That may be in their local language
And on a more Asia-specific region friendly time zone
So the CERT.me is one of them
So there's definitely a couple of them
The overlapping value can be part of it
I'm just posting it right now
And so those are the topic projects we are looking to fund
And more importantly to give exposure
And this is Lucio who's here as well in this space
If you want to come up Lucio, please raise your hand
Like Lucio said, coding is only 20% of the project
The other one is communicating, raising funds, building community around it
You cannot build a successful protocol or project in a silo
And so I think this is something very important for everybody here to consider
I don't know Carlos, any good Asia-specific, Southeast Asia, Northeast Asia projects that you've come up with?
Do you think you're on mute, sir?
Or maybe we got logged again
Yes, yes, I can hear you Lucio
But let's say 40, something like that
What I always say is that normally the technical people like me
At some point in their lives believe that COVID is everything
Let's say the most important part of any project
And to be honest, it is not
That is a key, let's say, a key insight to take in
In order to be able to launch a successful product
You need to find somebody that is able to, let's say, have the skills that you don't have as a technical person
And then if you get lucky, maybe you get a nice project running
But COVID is not everything
That's something that really technical people need to incorporate
Yeah, and there's a question here from Jen, one of our ambassadors as well
A good example of a public good project, right?
And it's exactly the link that I just shared with the Serg.me
They're building this certification for online knowledge, which is open source
That means that anybody can use it
Very important, and this was a hard lesson for Lucio myself, right?
It's open source doesn't have to be free software, okay?
So very, very, very important to know that, right?
Be a little bit knowledgeable of the licensing you're going to be using
But anyhow, so that's the answer to your question, Jen
Thank you very much for it
Anyhow, Carlos, you want to ship in?
I just want to say bye, I have to jump to a call
But it's always a pleasure hearing all of you, and I'm stoked to get my donations in for this round
Yeah, and I mean, I think so
You know, for people who are like not super familiar with what a public goods project means
Public goods is basically kind of like projects that are providing free value to end users
So it's projects that are kind of doing work and creating value to their community
That's non-excludable, so anybody can join, and non-rivaless, so anybody can enjoy it at the same time
So I think that for this round, the projects that we're looking in particular to include into the round
Are projects that are supporting onboarding the Web3
And Web3 education activities, particularly in the APAC region
And yeah, I was just doing a quick search of some of the projects that are existing on Giveth
And there's actually, there's a ReFi Fongan project
And there's also EcosynthesisX, which is also based in Thailand
And they're doing a lot of, I think they're even raising funds to run QF rounds for projects that are like local
For their local community
In that way, kind of like in combination, kind of teaching about Web3
And teaching about Web3 and also providing funding and support to local NGOs
So there are some projects on Giveth that are already doing that work in Thailand and Vietnam
Oh, actually I see ReFi Fongan in here in the audience as well
They have a project on Giveth
And yeah, it would be like a perfectly great project to include in this round, for example
I think they're already verified as well
Yeah, but I also pinned to the top of the space here
A link that kind of goes to our Notion Guide
We prepared a Notion Guide at Giveth that really explains to projects how to join the round
It explains in detail the eligibility requirements
And then how to create a project on Giveth, how to get verified and apply through those type forms
So the entire process is kind of outlined in that Notion Guide
So if you're listening here in the space
Sorry, does my project fit in with this initiative?
You can check out all of the details in that Notion Guide
And try to apply and get your project some funding through this awesome initiative
Yes, thank you very much. Carlos, you have a good one, okay, sir?
And so, yes, so one important thing here, right, is
And I think, and thank you very much for your comment, John
I think you brought, this is something we always fail to address
It is, we come into the spaces or we come into group settings
And there's group thinking, right?
We can't avoid it, right? We're such nerds and geeks
And we kind of always get into the greedy details
Without addressing the big concerns
So let's take one step really, really back and go from zero
Lauren, quadratic funding, what is it?
What makes it challenging?
Why does Giveth use quadratic funding in order to support projects?
If you can go into those, I think that's going to be the first and most important knowledge
That we need to transfer to our community
I think we always get into, yeah, let's fund this, let's fund that
Can we just, I think we need to sometimes slow ourselves a little bit down
Thank you very much for the question, John
So let's address the first and most important one, quadratic funding
What is it? What are some of the challenges?
And why does Giveth support quadratic funding?
So, yeah, quadratic funding is a way of distributing funding, grant funding basically to projects
According to which ones are most favored by the community
Which ones are the most popular among the democratic community
So it's a really, really interesting funding mechanism
Basically, there's a matching pool, like a pool of funds
In this case, the pool of funds, there's roughly $10,000 of MPEs
That are put up by Metapool as matching funds for the round
And then during the round, individual donors can donate to projects
And we're basically looking at which projects have the most donations from unique individual donors
And then the projects that have the most donations from unique individual donors
Are often the ones that get the most matching funds
So this is all done according to the quadratic formula basically
You calculate how much matching funds go to the projects based on the size of donations
And the number of contributors
There's an amazing resource that Gitcoin created to really explain quadratic funding
And kind of like a practical way where you can kind of test it
And just experiment and put in some numbers and see what the matching funds would be
So if you're super new to quadratic funding, check out wtfisqf.com
And I think we probably have a tweet about it somewhere
Maybe Almond can look for it
And basically, if you go to this website, you can kind of see
What would be the matching funds if there were three projects
And each person donated $100 to each project
What would be the matching funds if two people donated to this one
And everybody else donated to those
And you can kind of do test example cases
And really see how the funds would be distributed
But the most important things really to know
Is that the matching fund is being distributed according to the democratic community preference
And the number of unique donors matters more than the amount donated
Although the amount donated still matters
So it's a super, super cool way of distributing funds
And it's been hugely successful
We've seen it in Gitcoin rounds going back several years now
Like maybe six or seven years
I can't remember when the first Gitcoin quadratic funding round was
But there's been millions and millions of dollars raised for public goods projects
Through quadratic funding rounds
And it's really interesting because with the existence of the matching pool
And the way that the matching pool is distributed
It offers an incentive both for a large donor
To kind of think like I want to put up a matching pool
And get it distributed democratically
And also a small donor to think I can donate just $1
And my $1 donation acts as a powerful vote
And how that bigger pot of funds is being distributed
So large donors can have a big impact
And small donors can have a big impact on projects
And what we end up seeing is just like a huge community
Mobilizing around supporting projects
And really knowing that they can make a difference
No matter how large or how small their donation may be
Alan, you want to take it away?
Well, I think that you can follow up on this
Or do you want to take over on some specific topic?
Yes, so I reckon the type of projects we've supported throughout 2023
I think giving context to folks here
That might be new to medical dial is important
Maybe so you can talk a little bit about what we've already funded
And so what we're looking to fund over 2024 as well
So folks can have an idea
That this is not our first time in the rodeo, right?
Yeah, for sure, that would be great
I think that it was already mentioned on these Twitter spaces
That we started delivering support to the communities and the public goods
This implies that we created a brand program
That uses all the fees generated by Metapool
On the NIR and Aurora network
To create a bottom ground where the governance
The MPDAO and the governance token holders
Have the possibility to choose which are the projects
Are going to be supported
Since then we have had a total of five of the rounds
Where we supported 13 projects
These 13 projects got a total amount of more of $10,000
That were distributed to these projects
And with this we have been seeing the different kind of possibilities
That are around making this support to the communities
Why? Because we see on all types of projects and initiatives
That can make the Web3 and the Metapool ecosystem to grow
This includes education, creation of content, workshops
In real-life events, support presence in important events in different regions
Also we have the support for the builders that are creating things for the ecosystem
That implies a collaboration with Metapool
So this has had a really good impact
Because at the end of the day it is people that are currently building
Or organizing communities
And they are already needing the support
And I think that Lawrence has an important point on this
There is no direct profit that you can show to VCs or hedge funds
In many of the communities that are getting involved
For getting support from the grants or quadratic funding
You need to support them in some way
So we choose on the Metapool side to give this decision to the DAO
And the DAO is voted by the people that have the governance tokens
And this here is an important fact that
When you go and you see in other tools like Snapshot
Or Tali, the governance system that are used for big projects on Web3
The most common thing is that you have 40 people voting
From these 40 people voting, 5 or 6 of them have the 90% of the votes
So this is basically like very low participation
For making the decision making of where are these approvals going to be
But in the side of Metapool, in every voting period
We have more than 400 wallets voting for choosing
Which are the validators who need to get extra support
Who are the people that should be granted from the MPW grant treasury
Who are the change that are required
Through the Metapool Improvement Proposal system that we have
And that is something that has been interesting along this way
Making possible that having a real, let's call it, democracy
Inside of the voting and not being dependent on one single actor in the co-system
To be able to choose or decide where the organization should go
So yeah, we have an experience on how this kind of proposal should look like
I want to offer that if you have any doubts related to creating
Your application for this quadratic funding
Lauren already shared a notion that have all the details for this round
But still, if it is still not clear for you
If you should apply or with what thing you should apply
Ask us, you can reach us on our telegram and our Discord
And we will be happy to solve the question
At least for how to design the projects
And in the other side, for verification we also can help
We can ask for the help of the GIVE team
For helping you to get the verification as soon as possible
So you can participate on this round
So basically that's what we can offer for the people that are interested to participate
I see a couple of people that are interested to present an application
Some of them have questions around public goods
We have been talking about these Twitter spaces
But yeah, just if you have a question, reach me
And we will be happy to help you to make it possible
Perfect, perfect, thank you very much
So we're coming into the hour
Lauren, you want to share some of the initiatives
GIVEt has in this upcoming first quarter
Any updates on Roadmap for GIVEt?
I think it's a great time for folks to understand
Where you're heading, what you're doing
And if you're doing anything particular for East Denver as well
I think now is the time to show
Well, you know, in the next few months
I think one thing that we're just majorly excited about here at GIVEt
Is the quadratic funds that we're running
We've got one that's open right now, supporting projects building on Polygon
And then this upcoming APAC region round with Metapool
Is the next one on our list
So it's just onboarding projects and getting them into these rounds
Of really supporting public goods projects
Is really what our big mission is all about
We're also working on building some other awesome things in the pipeline
Actually, we just launched Anosa Safe Integration
So now you can actually connect with Anosa Safe
And donate to projects or even create a project with Anosa Safe
So that's a super exciting update that we just launched
And we're working on integrating other chains in the future
And just creating more opportunities for projects to raise more funds
I think some of the best things that we're doing these days really
Is these QF rounds, like having a matching pool
And having an opportunity for projects to raise more funds
And driving all that traffic towards these projects
And the impact that they're making on the ground
Is just really, really incredible
So I'm super happy to see it
And yeah, just totally encourage more projects to check out
The Notion Guide that we created
To check to see how to apply for this round
How to create your project, how to apply for verification
And how to apply for the round
And check to see if your project's eligible
Because we're really looking for the best projects
Who are providing public goods in the APAC region
And yeah, and for East Denver
We are going to be at East Denver
Or at least some of us will be at East Denver
In previous words, we had a really, really big community show up
At East Denver this year, I think
It might be a smaller crew, but for sure
Griff is going to be there, our co-founder
And I'll probably be there as well
Not 100% sure, but kind of planning on doing that
Yeah, and so if you're showing up to East Denver too
Yeah, we'd be really, really happy to connect
In the meantime, even if you're not showing up to East Denver
You can also join the Give Us Discord
If you just type in discord.giveus.io
It'll send you an invite link to our Discord
And if you're listening and you have questions about Give Us
Or questions about this particular round
How to join it, or when it starts
Or how to donate when it's open
We've got a support channel in there as well
And we can support you and answer all of your questions
If some of the ambassadors want to ask a question
From the medical ecosystem
Or somebody from the audience wants to have questions
We can let you come up for a few minutes
I'll let Alan hear BDMC from now on
And you can just coordinate Alan
I'll be here, don't worry, I'm not going anywhere
But I think it's important for folks that are hearing us right now
If you have any questions, please raise your hand
Come up on stage, ask your questions
And then we can wrap this up
The mic is all yours, you're MCing from now on
Okay, yeah, we have a couple of our ambassadors
And I've already asked a couple of questions
Let me see who else is here
We also see a couple of projects that are also in the Asia Pacific Gradients
That were mentioned by Lauren
So I know if you want to come up
And ask a couple of questions so we can be able to clarify
Any doubt that you can be related
We're interested that the community of Asia gets more involved
On this kind of events and participating
So even at Metapool, this is like our first big project
To launch and support the Asia community
Even when we had supported projects from our NPDOW grants program
We had supported at least three projects from the Asia region
So it's exciting now to see that we are creating another round for the Asia region
But especially focused for this
So I see Matt just joined
Matt, do you have any questions related to the round we've given?
Yes, thank you Alan for the time
I have a question guys about the kind of proposal can be submitted to the keypad
Like can we do online activities like project like we can creating a video creation
Is it allowed to ask the fan from the keypad and Metapool
Yeah, you can review that in the notion that
The additional activities that include also creation of content
Can be used for being presented into this quadratic funding round
So just have in mind like the model that is used by Giveth
In Giveth you upload your community, your project into Giveth to be supported
And later once you get verified you get the opportunity to participate in the quadratic funding round
So what I want to say is that if you are not still aligned or showing in public as a community
Now you can present yourself as a community
Well you and your mates as a community
With that you can start presenting your proposal
But Lauren I'm saying this right, I'm not missing anything related to this
No, it's great, I would add
So as Alan mentioned you can check the notion guide to see what the eligibility activities are
But yeah organizing workshops or hosting educational initiatives related to web3 is definitely one of the eligibility criteria
So your project might be eligible especially if it's based in Vietnam, Indonesia, Philippines, Singapore, Thailand, South Korea, China
Yeah, and if you have any questions just check out that notion guide
And if you still have questions after that feel free to reach out
You can reach out on the Giveth side at least in the Giveth Discord
And we can answer your questions
Or you can just kind of follow the whole flow outlined there in the notion
There's a link to the type form as well
And ask questions like how do you plan to use the funds
And like how does your project meet those eligibility criteria
So you can try to answer those questions as well
And if you're thinking it doesn't sound quite right then yeah feel free to reach out to us
Perfect, thank you Matt, do you have any other questions related that we can help to solve?
Okay, no, thanks Alan, I will listen, I will ask again, thank you, thank you
Okay, thank you very much Matt
Matt is one of our all the ambassadors in Metapul
But he's also really active on the region of Indonesia for organizing workshops, making partnerships
I'm really amazed with the job of Matt
I think this is a good time for recognizing him for all the support to the web3 ecosystem
Not only for Metapul, well exciting to see what he will bring to this quadratic funding round
Also I see Jim, do you have any questions here for this quadratic funding round
That is also another of our ambassadors
He is in the region of Vietnam and also will be nice to know if you have some thoughts on this
No teams that everything is okay, I just want to, I don't know if it's proper that
We mentioned that it is open right now all the, that you can apply for this quadratic funding round
During the weekend we'll receive a couple of applications
I think that I saw at least three of them
I will review it later today
But yeah, don't miss opportunities
It's like a good time to get a collaboration between the team of Givet, Metapul and with your project
I think there is exciting things happening on every project by individual
And it's like a good chance that you can take for building things together
And well, more than that using the quadratic funding model that we have been talking around
The cool advantage that this has, it's like a great chance that you have for this
Matt, do you have any other questions? I saw that you opened your mic
I have one more question about time of the execution of an approved proposal from the Givet
Is that any limited time or targeted? Time to execute
We commonly ask for a period of two months for presenting and executing your project
But also you can read in the notion that we have a part around the post-ground updates and reports that was included
So you can, the projects are accepted and receive funds from this quadratic fund
You should be making an update at least every two weeks
In notion you have the possibility to upload your updates, to write what is happening currently with your project
And we expect that the money that you are receiving on this round came from the Metapul's DAO
That you can also keep updated the community of the Metapul's DAO about what you are presenting
So those are the two key points
Obviously there can be under discussion the timing of what you require for making real the projects or ideas that you are bringing up with these quadratic funds
But the normal thing is that two months make a report every two weeks
And at the end you make a final update of what you got with these reports
So we also take this matching consideration when we are doing more rounds at the end of the day
Metapul is delivering all the money that we are generating through this kind of quadratic funding rounds of the NPDO rounds
So it's good to know that you have like a clean history behind of receiving money, executing it and reporting to the community
But it's expected that we can keep supporting the individual projects along the time
So it's also like a good idea that you make this history of what you do with the money
So more people can feel comfortable and trust on what you are doing
Not only for Metapul and Kibet, I see that also in the case of Gitcoin there is every time more like this request of what happened with the funds
And what is happening with that money
So if you show what you are doing, it's like you are taking advantage of that
Ok, good. Thank you Alan. I will be learning more about this current
It's awesome for us, we can increase our community engagement to give a project to our project here in Metapul
Ok, perfect. Thank you very much Matt. Jim, welcome. Do you have any questions?
So about this event, grants with Metapul
So I had a talk with a startup in Vietnam
And for the grant amount, is there a specific amount for the project
If it wins this grant or this type of pool share, depending on the winning projects
That's the first question
And the second one, although it's outside of the topic, it relates to the MBDAO grant
So for the upcoming February MBDAO grant, can I attach this kind of startup project
to my proposal for the grant in February
So yeah, these are two of my questions
Ok, perfect. Thank you Jim. I think that we will start with the last one
Yes, you can include that in your proposal of the MPDAO grant
But still you know that we always can make a review of it and give you feedback
once you set your application
And about the first one, I think, Lauren, this is about the quadratic funding method that is used for distributing the funds
I know that you mentioned it earlier, but I don't know if you want to mention it again
Yeah, so for this round, they'll basically be the matching pool of $10,000-ish of MPE on optimism
So then during the round, there'll be a period of two weeks, I think, or I can't remember exactly the round dates
But one to two weeks where people donate to projects and then that matching pool will be distributed to projects
according to how other people donate
So the matching funds will then be distributed a few weeks after that
We were discussing about having a limit of between five and ten projects in the round
with a matching cap of about 20%
So the maximum that any one project will be able to receive is 20% of the matching pool, or around $2,000
I'm not 100% sure if those are the absolute final specs, but that's roughly how it will go
There'll be a cap on the amount of grant funding each project can receive
And the amount that each project receives depends on the donations that they get from other donors during the round period
Okay, thank you, Lauren. Jim, that was clear for you
I mean, if you have any doubt about quadratic funding, you still can ask
At the beginning, it's like you have to prove it
You have to use it to have a big idea of how it works
But it's very common to find information all over the internet
I don't know how quadratic funding is being done
I remember that even Vitalik would have some papers around quadratic funding
So it's like a trending topic around the last years for this
But yeah, feel free to ask. Remember that we are here to help me
We are here to help and happy to solve any questions that you can have
But that was clear for you, Jim
Okay, thank you. Got it. Thanks
Okay, perfect, thank you very much, Jim
So I think we are in the last part of our spaces
Going very quickly. Lauren, do you want to make a final statement for these spaces?
Yeah, for sure. I do have to jump out at the very top of the hour
But I just want to once again reiterate and invite all projects who are listening
If you think that you might be eligible, check out the Notion Guide
Create your Give Us project, apply for verification, and fill out the type form
We really, really want to give the opportunity to the best projects that are raising funds for public goods in the Asia-Pacific region
And so yeah, this is your chance. There's an open call happening right now
Get your project in the round
And if you have any questions, reach out in the Discord
The give us discord, discord.giveus.io, and we'll be really happy to support you
Thank you very much, Lauren. Claudia, do you want to make a final statement for these spaces?
Oh, not really. Thank you very much, everybody. We're really grateful for all the support
Jim, Abraham, Led, Rose, Francisco, Margarita, Almond from the Give It community
I know you're from Mexico. I don't know if you're in Mexico City
Definitely, we'll be keen to connect
Notion Bankless, Mexico, thank you very much for coming
Carlos, everybody is here
Pablo, Samsung, new familiar faces there
East Daily, thank you very much for the support and coverage
SkyEmpire, thank you very much, everybody
We are super grateful for all your support
Max one for the questions, Jim as well
Carlos for dropping in as well
I think it's important that we show that we are a very important community for emerging markets
And the only way to do it is by putting our tokens where our mouth is
And this is our liquid staking token
So this is what we want to do and collaborate with the Give It community
Really, really excited about this
Lauren, thank you very much for the opportunity
And for the bit of confidence that the Metafold Al is here to build common goods with the ecosystem
And you're a big part of it
So thank you very much, Lauren, for coming in to all the Give It community
Stay safe, folks, and have a great kickstart to the week
Thank you very much, everybody that joined
And remember that we're never going to let you down
They're most dangerous to love
I don't get this from any other guy I just want to tell you how I'm feeling
Gotta make you understand I'm gonna give you up
I'm gonna let you down I'm gonna run around and he's at you
I'm gonna make you cry I'm gonna say goodbye
I'm gonna say goodbye and hurt you We've known each other for so long
Your heart's been aching hard You're just trying to say it
If some people know what's been going on We know the game and we're gonna play
I'm gonna make you cry I'm gonna say goodbye