Funding proposal- "Growing the public Gardens" GG22 round

Proposal Information
Proposal description:

This proposal aims to fund the matching pool for the “Growing the public Gardens” round during GG22. Gitcoin will match our round with 20k$ in funding. We are requesting 10k$ from the 1Hive matching pool to facilitate this round

Project Title: Growing the public Gardens in Gitcoins GG22.

Project Overview:

The round is all about onboarding communities to Gardens(& 1Hive) and growing the public goods pie for everyone. Projects that help 1Hive, Gitcoin and help nurture genuine positive sum games are also welcomed to join the round.

The goal is to run a successful round and to continue to run QF rounds on Gitcoin’s protocols.


The round details(eligibility, modus operandi, goals) are here: GG22 Community Round Proposal - Growing the Public Gardens 🌱 - 🌱 Gitcoin Grants - Gitcoin Governance

Team Information (For Funding Proposals)

Round operators
Paul2 - Gardens Project Lead and 1Hive Contributor, 4 years full time experience in public goods crypto
Gossman - Full Stack web3 engineer, 1HIve contributor since 2022, leading Gardens platform build and community support,
Sov - Gitcoin Grants PM,

Advisors
ZER8 - Gitcoin Council member, 1Hive contributors, Solo-Round Operator for 5 GG matching rounds
Sejal - experienced Gitcoin contributor and running a Gardens v2 Council Safe with Sov.

Skills and previous experience in related or similar work:

We have all worked together and individually on multiple projects, regen initiatives, etc

Funding Information (For Funding Proposals)
Amount of HNY requested: 3450 HNY (~$10k at current redemption1 price) -

Ethereum address where funds shall be transferred: 1hive treasury safe (0xc6c2E9EFB898A42DB4137B07b727b45e0C353d81)

This proposal outlines the following steps for distributing funds to projects in the GG22 round:

Transfer: The requested HNY tokens will be sent to the 1hive treasury safe.
Swap: The HNY tokens will be exchanged for other assets held by the treasury.
Return: These swapped assets will be returned to the common pool.
Bridge: The assets will be transferred from the common pool to Arbitrum.
Secure: The assets will be held in a Gnosis safe on Arbitrum.
Distribute: The assets will be distributed to all accepted GG22 projects using the Quadratic Funding (QF) mechanism.

This proposal pays for at least ~20-50 communities to be onboarded to Gardens

1 Redemption price: HNY’s price is based on the total value of all assets in the 1hive treasury, not just the amount of HNY.(https://app.safe.global/balances?safe=gno:0xc6c2E9EFB898A42DB4137B07b727b45e0C353d81 )

5 Likes

The treasury swap in the Council Safe for this has been executed!

We plan to finalize the round and send out matching funds to communities within the next 10 days. We’ll report on the final payouts for the round here :slightly_smiling_face: