Merge pull request #223 from Giveth/GIVbacks-updates

zkEVM update, claim window, min donation, etc.

dapps/givbacks.md

@@ -5,30 +5,33 @@ slug: giveconomy/givbacks
 ---
 import useBaseUrl from '@docusaurus/useBaseUrl';
 
-GIVbacks is a revolutionary concept that rewards donors to verified projects with GIV. When you give to verified projects during a GIVbacks round, you become eligible to receive GIV rewards after the round ends and the GIV is ready to claim. You can see live information --- including round schedule & your claimable GIV --- on the [GIVbacks page](https://giveth.io/givbacks).
+:::info 
+**GIVbacks V2 Experiment Begins!**
 
-## GIVbacks Rounds
-GIVbacks rounds last two weeks. For each round, there is 1 million GIV available to be rewarded.
+Starting on September 3 (Round 71), we’ll be experimenting with a new way of rewarding donors on Giveth. Each eligible donation that you make gives you a chance to win up to 250,000 GIV! Join us for our biweekly [X Spaces](https://x.com/giveth), where we’ll announce the winners, share stories, and connect with our amazing community. To learn more about this experiment with GIVbacks, check out this [blog post](https://blog.giveth.io/transform-your-donations-into-winning-chances-with-givbacks-v2-9831be80dca0) or join in the conversation on [our forum](https://forum.giveth.io/t/givbacks-v2-scaling-the-way-we-reward-public-goods-donors/1510).
+:::
 
-![](https://i.imgur.com/cBBSzJa.png)
+GIVbacks is a revolutionary concept that rewards donors to verified projects with GIV. When you give to verified projects during a GIVbacks round, you become eligible to receive GIV rewards after the round ends and the GIV is ready to claim. You can see live information --- including round schedule & your claimable GIV --- on the [GIVbacks page](https://giveth.io/givbacks).
 
-Givers who donate to verified projects within an active round are eligible to receive GIVbacks. Note that addresses of verified projects will not receive GIV for donations made to their own project or other verified projects.
+## GIVbacks Rounds
+GIVbacks rounds last two weeks. For each round, there is 1 million GIV available to be rewarded. Givers who **donate at least 5 USD** to a verified project within an active GIVbacks round are eligible to receive rewards. 
 
-![](https://i.imgur.com/aklPnKC.png)
+***Note that addresses of verified projects will not receive GIVbacks for donations made to their own project or other verified projects.***
 
+![](https://i.imgur.com/cBBSzJa.png)
 
 ## Project Verification
-'Verified' is a seal of approval for legitimate projects on Giveth. Many Verified projects came pre-vetted from [The Giving Block](https://twitter.com/TheGivingBlock) API. The Giving Block is an organization that supports and onboards registered 501c3s from the United States into crypto, and with our integration, you can donate to their projects from the Giveth UI.
+'Verified' is a seal of approval for legitimate projects on Giveth. Many verified projects came pre-vetted from our [partnership with Endaoment](https://blog.giveth.io/non-stop-non-profits-partnering-with-endaoment-to-onboard-thousands-of-new-projects-cabf6a4a4023). Endaoment is a decentralized non-profit platform that allows individuals and organizations to create donor-advised funds, and with our integration, you can donate to their projects from the Giveth UI.
 
-For non-Giving Block projects, the verification process requires projects to provide additional information about their project and the intended impact of the organization. Our amazing Project Verification Team then reviews these applications, investigates the information provided and informs the project owners about the verdict.
+For non-Endaoment projects, the verification process requires projects to provide additional information about their project and the intended impact of the organization. Our amazing Project Verification Team then reviews these applications, investigates the information provided and informs the project owners about the verdict.
 
 
 To learn more about the project verification process check out our [documentation](./projectVerification.md).
 
 
 ## Tokens Eligible for GIVbacks
 
-A donor can donate any ERC-20 token to projects on Giveth.io on Gnosis Chain, Polygon, Celo, Optimism, Ethereum Mainnet or Classic. However, only donations to verified projects in certain tokens are eligible for GIVbacks. This restriction ensures that we are able to get accurate price data for donations (a requirement for fair distribution of GIVbacks), and prevents bad actors from gaming the GIVbacks program.
+A donor can donate any ERC-20 token to projects on Giveth.io on Gnosis Chain, Optimism Mainnet, Polygon PoS, Polygon zkEVM, Celo, Optimism, Base, Solana, Ethereum Mainnet or Classic. However, only donations to verified projects in certain tokens are eligible for GIVbacks. This restriction ensures that we are able to get accurate price data for donations (a requirement for fair distribution of GIVbacks), and prevents bad actors from gaming the GIVbacks program.
 
 You can identify which tokens are GIVbacks eligible by looking for the _purple hand_ while donating:
 
@@ -39,18 +42,17 @@ If you would like to request for a token to be considered GIVbacks eligible, you
 ## Getting GIVbacks
 During each round, all donations to verified projects on the DApp are tracked, and this data is used to calculate the amount of GIVbacks received by each Giver for that period.
 
-GIVbacks are distributed on two different networks: Gnosis Chain and OP Mainnet. Donations made on Gnosis Chain will be rewarded with GIV on Gnosis Chain. Donations made on all other GIVbacks-supported chains, will be rewarded with GIV on OP Mainnet.
+GIVbacks are distributed on three different networks: 
+- Donations made on Gnosis Chain will be rewarded with GIV on Gnosis Chain. 
+- Donations made on Polygon zkEVM will yield GIVbacks on Polygon zkEVM. 
+- Donations made on all other GIVbacks-supported chains will receive their GIV on OP Mainnet.
 
 Givers are able to claim their GIV after the round ends and a fraud review has been conducted. Donors will receive an email when the rewards are ready to be claimed on the [GIVbacks page](https://giveth.io/givbacks). A portion of the GIV will be liquid immediately, and the rest will increase the flowrate of their [GIVstream](https://giveth.io/givstream). To learn more about the GIVstream and how it works, check out our [documentation](https://docs.giveth.io/giveconomy/givstream/). For the purposes of this documentation, we will refer to the sum of the liquid amount and the amount allocated to the GIVstream from GIVbacks as `cumulative GIVbacks`.
 
 ### Rank & Calculation
 
 Note that, even with the GIVbacks program, a donation on Giveth is still a donation. The maximum value of the donor's `cumulative GIVbacks` could be **anywhere from 50% up to 80% of the USD value of their donation**, at the time of donation. The exact amount of GIVbacks they receive will depend on the [project's current GIVpower rank](./GIVpower.md#project-rank). Each verified project that has been boosted with [GIVpower](./GIVpower.md) will have a rank on the platform. The project that has been boosted with the most GIVpower for the previous bi-weekly round will offer the highest GIVbacks factor percentage (80%), while the lowest ranked project and unranked/unboosted projects for the previous round will receive the lowest GIVbacks factor percentage (50%). Each project from the bottom to the top ranked will have an incrementally higher GIVbacks factor percentage, you can learn more in the [GIVpower documentation](./GIVpower.md#project-ranking).
 
-:::info 
-GIVbacks sent to donors of verified projects before December 27, 2022 (when project ranking took effect) were calculated using a maximum GIVbacks factor of 75%.
-:::
-
 If, at the end of a round, the estimated amount of GIVbacks to distribute exceeds the limit of 1 million GIV per round then donors will receive proportionally less matching relative to the rank of the project they donated to, for each donation. This is calculated as follows:
 
 $$
@@ -71,6 +73,10 @@ GIV tokens earned through the GIVbacks program can be used throughout the GIVeco
 
 GIVbacks are available to be harvested after the round ends, data has been reviewed and GIV is distributed to eligible donor addresses. Donors will receive an email when GIVbacks rewards are ready to claim - this GIV can be harvested [here](https://giveth.io/givbacks). Please note that when you harvest GIV rewards from any part of the GIVeconomy, our token distro contract sends you all liquid GIV allocated to your address on that network. For example, when you harvest GIV rewards earned from staking LP tokens in the GIVfarm on Gnosis Chain (formerly xDai Network), you also harvest rewards allocated to you from GIVbacks (if any) and the liquid amount from your GIVstream. This is broken down in the harvest popup that you encounter upon claim:
 
+:::info 
+If your GIV allocation is left unclaimed longer that 270 days and you have never claimed GIV with that address, the allocation may be returned to the Giveth DAO for future distribution
+:::
+
 ![](https://i.imgur.com/GVpn68a.png)