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It's time for another General Magic Monthly Newsletter, where we unveil the mysteries of Web3 and the profound impact of Public Goods.
Eager to know what's been brewing in our labs?
Le’ts explore our magic!
👇
Impact DAO of the Month: Giveth 💜
Thrilled to spotlight Giveth as our Impact DAO of the Month for September! 🚀
Giveth is a dynamic community dedicated to revolutionizing giving through blockchain technology.
Their mission?
To empower and reward public goods funding with absolute transparency within the Ethereum ecosystem. They've crafted a culture of giving that inspires collective support, abundance, and value-creation, setting a new standard for philanthropic endeavors.
This month, Giveth is on a mission to make a real impact. They're raising crucial funds for Moroccan earthquake victims, where a devastating 6.8 magnitude quake has left nearly 3,000 lives lost and countless more injured. The situation is dire, and Giveth is tirelessly collaborating with local partners to deliver vital aid swiftly.
Additionally, Giveth is standing with Libya in the aftermath of catastrophic floods. The crisis has claimed over 5,000 lives and displaced 34,000 individuals, leaving a profound need for immediate assistance.
General Magic
But that's not all!
Giveth team has announced a new round of Quadratic Funding this time on Optimism. For more info on how the round will work check out the post down below 👇
Our Magic:
This month, we've been busy using our expertise to enhance user experiences across the blockchain landscape. We are excited to share that we conducted UX audits for some of the most innovative projects on the Optimism network:
Curve Finance
Beefy Finance
Velodrome
KyberSwap
These audits are a testament to our commitment to ensuring seamless, user-friendly experience in the crypto space.
For the complete presentations and in-depth analysis, head over to our GitHub repository where you can find detailed reports for all four audits.
We've also been hard at work preparing an enriching experience just for you! Mark your calendars for October 12, as we unveil an event tailored to supercharge your Web3 project.
Join us for an insightful session where we'll explore actionable strategies to fuel the growth of your Web3 project, DAO, or community. Be prepared for valuable discussions that will propel your initiatives to new heights.
Save the date and keep a close watch for more details!
🙏High Praise: Nico
In this month's Praise spotlight, we applaud Nico for his diverse and exceptional contributions that have added immense value to our community.
Nico is our go-to person for contributor support tasks, and he displays exceptional dedication and responsiveness. By promoting a positive and collaborative environment within our community, he ensures our contributors receive the support they need.
It's his pivotal role that boosts organizational synergy, fosters teamwork, and creates a positive and supportive atmosphere.
Our community is fortunate to have you as an active member, Nico, and we appreciate your support 🙏✨🎉
Deep Dives:
Retroactive Public Good Funding (RetroPGF), represents a transformative approach to recognizing and compensating contributors within the Optimism ecosystem. Unlike traditional funding models that operate on a transactional basis, RetroPGF looks back retrospectively to reward individuals for their past contributions, valuing their impact over time.
This innovative concept acknowledges that contributions to a collective effort can have a lasting and compounding effect on the overall success and growth of a project or initiative. RetroPGF seeks to align incentives, ensuring that those who have played a significant role in a project's development and success are appropriately recognized and rewarded.
About the Rounds:
🔴 RetroPGF 1 (Q4 2021): In its inaugural round, Optimism dedicated $1 million to empower projects that made substantial contributions to the Optimistic Ethereum ecosystem. Among 76 nominations, 58 projects were awarded funding, ranging from $14,670 to over $36,919.
🔴RetroPGF 2 (Q1 2023): This round allocated a formidable 10 million OP tokens to fortify public goods supporting the development and utilization of the OP Stack. Demonstrating a commitment to sustainable growth.
🔴RetroPGF 3 (November 2023): Round 3 is set to allocate an impressive 30 million OP tokens to acknowledge contributions instrumental in advancing Optimism's development and adoption.
If you've contributed to the Optimism ecosystem, now is the time to shine! Optimism announced that applications for third round of RetroPGF are officially open and you still have time until the 23rd of October to sign in.
Show Your Support for Impact DAO Projects with our Merch Shop!
It is possible to affect positive change through your clothing choice. Get inspired by our exclusive 1Hive collection - fashion for a cause - for the perfect way to elevate your style and support ethical initiatives.
The 1Hive collection not only embraces trends but also promotes fair practices and eco-friendly initiatives. Wearing these pieces contributes to ethical fashion and a sustainable future.
Interested in what we have to offer? Style isn't the only thing here. Delve into a collection where each piece embodies beauty, ethical values, and a shared mission for a better world.
Ready to make an impact? Dive into 1Hive store today and let your fashion echo your beliefs! 🛍️🌿
Logs from the Giveth Galaxy:
September has been a whirlwind of activity in the Giveth Galaxy! We've been busy wrapping up the final milestone of our Optimism Mission Proposals.
It doesn't end there! We also took a dive into the world of Arbitrum Grants this month. It's the first grant funding initiative that uses Quadratic Funding in the Arbitrum ecosystem.
This means the community has a say in how funding gets distributed, signaling which projects are most valuable to Arbinauts. Both Giveth and Pairwise took part in the Gitcoin Arbitrum grants and we’re very grateful for everyone’s support.
In Case You Missed It:
Our ENS Giveaway is in full swing, but it ends this Friday at 2 PM CEST. Don't miss out on the chance to snag some exclusive ENS swag.
Dive into our curated database of Impact DAOs and discover a world of transformative initiatives. Check it out here: https://impactdaos.generalmagic.io/
Thanks for joining us on this journey, and we'll see you next time with more exciting updates!
Best,
The General Magic Team 🪄✨
AMAZING NEWS! 
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