A Simple Guide to Gitcoin Grants Round 20

Original author: Biteye core contributor Shouyi

Original editor: Biteye core contributor Crush

Gitcoin is a donation platform for open source software. Users can support various decentralized open source projects through Gitcoin, and early projects can also receive donations on Gitcoin to maintain operations.

Some well-known projects such as Uniswap, 1inch, MaskNetwork, ENS, etc. have participated in Gitcoin Grants, so Gitcoin is also called Ethereums arsenal.

In each round of Gitcoin Grants, in addition to receiving donations from users, Gitcoin will also use the Quadratic Funding model to allocate funds from the Ethereum Foundation to high-quality projects. This allocation method has also been recognized by Vitalik Buterin and has greatly promoted the community influence of Gitcoin Grants.

Quadratic Funding: https://www.youtube.com/watch?v=HJljTtLnymE

Gitcoin Grants donation activities have been held 19 times so far (17 rounds + Alpha Round + Beta Round). While helping the project grow, it also brings rewards such as token airdrops to donors. More and more users are entering the world of Web3 through Gitcoin.

Gitcoin has been exploring more efficient ways to donate, working to move from quadratic matching (aka QF’s centralized grants) to GitcoinDAO: creating a decentralized and customizable grant protocol.

Through the Gitcoin Alpha Round in January 2023 and the Gitcoin Beta Round in April, Gitcoin has perfected its donation methods. From April 23 to May 7, 2024, the first donation of the year: Gitcoin Grants 20 will be officially opened.

https://www.gitcoin.co/blog/announcing-gg20

Next, Biteye will briefly introduce the differences between Gitcoin Grants 20 and previous donations, carefully select some high-quality projects, and provide a convenient donation path.

01 Introduction to Gitcoin Grants 20

In the guides written for the past few donation rounds, we introduced Gitcoins donation philosophy, round structure, and prize pool amounts, but as a minimalist guide, it should be as easy to read as a 140-character tweet 📖:

⏰ Gitcoin Grants Round 20 starts at 20:00 on April 23rd (UTC) and ends at 8:00 on May 8th (UTC)

💰 Gitcoins donation rounds are divided into OSS Program rounds and Community Rounds. The 1 million funds for the Program round come from the Gitcoin Foundation, and the 500,000 funds for the Community round come from partners/community self-raised funds.

This time, Gitcoin will be donated on Arbitrum, and the users Passport will be automatically verified, without the need to collect Stamps as in the past. Users with rich transaction records on the main network will receive a higher matching donation weight.

https://grants-portal.gitcoin.co/passports-model-based-detection

02 Gitcoin Grants 20 Donation FAQ

Q1: Why do I need to participate in Gitcoin donations?

A 1: Gitcoin donation is a good on-chain interaction behavior. Optimism and Celestia have used users making Gitcoin donations on the mainnet as one of the weights for airdrops. Donation is also a way to increase Passport scores at a low cost.

Q2: How much should I donate?

A 2: Although Gitcoin has no limit on the donation amount, the minimum amount for each project is at least greater than 1 U. On the other hand, due to the fluctuation of ETH prices, DAI can be chosen for donation; if ETH is used for donation, considering the price fluctuation, it is recommended to donate more than 0.0005 ETH. (Note: Some project airdrops are based only on whether or not a donation is made, while some project airdrops are based on the amount of donation as a weight)

Q3: When should I make a donation?

A 3: Donations should not be made too late. In the last few days, it is easy to encounter network congestion, resulting in missed donation time. The Passport verification for this donation is already automated, so users can directly use wallets with mainnet transaction records to donate to obtain weights. You can also go to Passport.gitcoin.co and connect to Eth Activity Stamp to view it.

Passport: http://passport.gitcoin.co/

Q4: Can I earn airdrop benefits by donating to multiple accounts?

A 4: Unfortunately, Gitcoins airdrop expectations and benefits are not as good as before, and now it is more of a weight for other projects airdrops. According to the instructions for this round of Sybil detection, we recommend that users with multiple accounts pay attention to diversity when donating. They can adopt a 2+1 donation method, that is, 2 target projects plus 1 random project, and avoid too regular amounts and donation times.

Q 5: What tools can I use to check my donation status?

A 5: Users can view project status through Chaineye according to donation amount and number of donors, or use MiniBridge to transfer funds to the ARB chain for donation, which can minimize network fees.

(Source: chaineye.tools/g g20 )
Chaineye: https://chaineye.tools/gg20 MiniBridge: https://minibridge.chaineye.tools

03 Gitcoin Grants 20 Donation Tutorial

Gitcoin donations are not difficult overall and can be divided into three parts:

1. Obtaining Funds

Cross-chain funds to Arbitrum. Here we can use MiniBridge to cross some ETH from other chains. For small transactions such as Gitcoin, using MiniBridge can achieve faster arrival speed and lower cross-chain fees.

(Use MiniBridge for cross-chain)

(II) Select Project

You can see the donation status of all sections on the donation homepage:

https://explorer.gitcoin.co

Select any section, such as Web3 Infrastructure, and you can see that there are currently 63 projects in this section, with a prize pool of 30w USDC.

(Check the status of each section of the planned round)

We can find the donation object by searching the project name, for example, search for 🔍 Minibridge, then click the shopping cart in the lower right corner of the project, and then check out in the shopping cart in the upper right corner.

(You can find donation targets more quickly by searching)

Enter the amount you want to donate, and click Apply to all to apply it to all donation recipients. In this interface, you can see the predicted matching donation amount. For example, if I choose to donate 0.005 ETH, according to the current matching donation situation of the pool, MiniBridge can get a matching donation of 864 US dollars. Click Submit to complete the donation! ✅

(Wallets with mainnet records can get higher weights)

04 Gitcoin Grants 20 donation project introduction (continuously updated)

1. Web3 Infrastructure

This category aims to strengthen the infrastructure of the Ethereum ecosystem by supporting development around scalability and security, particularly in the areas of privacy, interoperability, and user experience.

https://explorer.gitcoin.co/#/round/42161/26

1. Mini bridge

https://explorer.gitcoin.co/#/round/42161/26/26

MiniBridge is a 0-fee cross-chain tool with advantages such as multi-chain support and fast confirmation. It was developed by the Chaineye team for small user transfer scenarios. Chaineye is the winning project of the 2023 Shanghai Ethereum Conference and has received financial support from Gitcoin, Optimism, and Arbitrum. In the user experience rating of dappsheriff.com, MiniBridge ranks first among all cross-chain bridge projects.

2. Facet

https://explorer.gitcoin.co/#/round/42161/26/51

Facet is a secure, decentralized, and affordable computing protocol that can reduce Ethereum transaction costs by up to 99% without changing the Ethereum protocol itself.

3. L2 BEAT

https://explorer.gitcoin.co/#/round/42161/26/66

L2 BEAT is a dedicated analysis and research platform for L2 scaling solutions. It proposes various important metrics and thoroughly analyzes each L2 project to understand the inner workings of its technology and the associated risks.

2. Decentralized Applications (dApps Apps)

This category aims to accelerate the growth and widespread use of dApps and applications. It focuses on supporting dApps and applications that optimize Web3 accessibility and provide financial inclusion, educational opportunities, and create positive social impact.

1. Hey.xyz

https://explorer.gitcoin.co/#/round/42161/25/1

Hey.xyz (formerly Lenster) is a decentralized, permissionless social media app. Hey.xyz runs on the Polygon network, so users can interact with the dApp seamlessly, there are no fees, and no one can delete anything from the app, not even the administrators. Hey.xyz is powered by Lens Protocol, a decentralized social graph built by Aave.

2. Revoke.cash

https://explorer.gitcoin.co/#/round/42161/25/25

A one-stop deauthorization platform, users can use Revoke to cancel token authorization as soon as they receive an attack report.

3.JediSwap

https://explorer.gitcoin.co/#/round/42161/25/96

JediSwap is a DEX built on StarkNet – StarkNet is a Validity Rollup on Ethereum that enables infinite scalability on web3 while relying on Ethereum security. JediSwap is a fully community-driven project, and anyone can start contributing to JediSwap by joining the JediSwap Discord.

4. IDriss

https://explorer.gitcoin.co/#/round/42161/25/92

Making web3 more accessible to the average person by building tools like IDriss Book. IDriss Book is a decentralized web3 address book that allows users to link their Twitter name, email, and phone number to a public wallet address for easier and more secure interactions.

3. Developer Tooling and Libraries

Improving developer efficiency in the open source software (OSS) and Web3 ecosystems through funding. Seeking to support the creation of development environments, frameworks, testing tools, and libraries to enable secure and efficient smart contract development.

https://explorer.gitcoin.co/#/round/42161/27

1. OpenZeppelin Contracts

https://explorer.gitcoin.co/#/round/42161/27/41

Helps users build secure smart contracts in Solidity, reducing the risk of vulnerabilities in applications by using standard, tested, community-reviewed code. OpenZeppelin Contracts has been the library of choice for smart contract development since the early days of Solidity in 2016. Today, it is used by everyone from development teams of the largest projects that trade billions of dollars every day to individuals building blockchain applications.

2. Gaslite

https://explorer.gitcoin.co/#/round/42161/27/4

Gaslite is a project focused on Gas optimization, with the goal of helping protocols build a more efficient on-chain experience.

3. WAGMI

https://explorer.gitcoin.co/#/round/42161/27/30

Wagmi is a React Hooks and VanillaJS library for Ethereum, widely used by ENS, Optimism, Coinbase, Stripe, Shopify, Farcaster, Zora, PancakeSwap, Gitcoin, etc.

4. Blockscout

https://explorer.gitcoin.co/#/round/42161/27/12

Blockscout is a full-featured open source blockchain browser that helps users conduct in-depth searches, interact with contracts, verify contracts, etc. on the EVM (Ethereum Virtual Machine) blockchain.

This article is sourced from the internet: A Simple Guide to Gitcoin Grants Round 20

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