Welcome to The Yauponeer Blog!
A space where we discuss anything and everything yaupon related
About Gitcoin Grants
Hello Yauponeers! Today we are going to go over the Gitcoin Grants Program, explaining why its so important to us, and why we think you should consider donating!
*We are live in the Climate Solutions round until August 29th, 2023, click here to donate!*
In Short:
“The Gitcoin Grants Program is a quarterly initiative run by Gitcoin DAO that empowers everyday believers in web3 to drive funding toward what they believe matters, with the impact of individual donations being magnified by the use of the Quadratic Funding (QF) distribution mechanism. QF was introduced in a paper published in 2018 by Vitalik Buterin, Zoe Hitzig, and Glen Weyl.”
History of Gitcoin
Gitcoin’s mission began in 2017 by creating better incentives to support and fund open-source software developers. The mission eventually solidified to building and sustaining digital public goods. GR1, in 2019, saw 200 contributors and $38k raised. Since then, we have run two-week rounds once per quarter, with the most recent being GR15, which saw a total of $4.4M distributed to grantees. Across the first 15 grant rounds, $50.82M has been distributed in total.
During a QF round, the community contributes to the project they feel should be funded and supported; a matching partner offers funds to match the community’s contributions, but not in a 1:1 match. Instead, the fund matching is more aligned with the sentiment of the community as opposed to the sheer dollar value amount raised by any grantee. The number of contributions matters more than the amount funded.
Click the image below to read more about how Gitcoin and Quadratic Funding works
*We are live in the Climate Solutions round until August 29th, 2023, click here to donate!*
Why Gitcoin Grants?
Gitcoin Grants represents a new an innovative way to fund public goods, using crypto or web 3.0 based software. This means that you can simply find a project you wish to support, connect a crypto wallet, and begin supporting in just a few clicks. Even better, thanks to quadratic funding, the number of contributions matter most, so just $1 or $2 can make a big difference!
More so, as we at Yaupon Tea Co. aim to become a pioneer in web 3.0 adoption thanks to our GIS Habitat Analysis Tool and Community Yaupon Supplier Program, we believe Gitcoin Grants is a perfect fit for us to raise funding.
Click the image below to view our grant and donate now!
But How?!
Existing Crypto Folks
To donate, head on over to our Gitcoin Grants page here, connect your crypto wallet, and begin donating today! Keep in mind this round is on the Optimism network, so you will have to ensure you have some ETH or DAI on Optimism to donate.
*Optimism is a layer 2 rollup to Ethereum, providing much faster and cheaper transactions compared to ETH Layer 1, while keeping similar security guarantees*
For support on connecting to Optimism network and bridging funds to your non-custodial crypto wallet, click here.
New Crypto Folks
If you need help setting up a crypto wallet in general, or transferring funds from Venmo, Cashapp, Paypal or elsewhere to your crypto wallet, follow the general steps below:
- Purchase some ETH on Venmo, Cashapp, Paypal, or elsewhere then simply navigate to the crypto Transfers / Withdrawal section.
- Copy and paste your non-custodial wallet address into the Withdrawl address above.*
- Now that you have some ETH in your metamask or Brave wallet, you will need to add the Optimism network, and transfer some ETH there. Refer here to watch a simple tutorial provided by Gitcoin.
- Thats it! Since you now have some ETH in your metamask or Brave wallet on Optimism network, you are free to start donating away!
- (Optional) Connect your twitter, email, or other social media accounts to your donating wallet via Gitcoin passport to increase the $ matched from your donation. Click here to read more about this and why its important.
Congrats! You’ve now entered the new wide world of web 3.0 technology! Don’t forget to check out other likeminded projects and consider donating as well, every $1 or 0.001 ETH counts.
NOTE: If you have any issues setting up a crypto wallet or donating, feel free to contact us via our website or social media, and we’d be more than happy to assist!
Cheers,
Yaupon Tea Co. Team
About Yaupon Tea Co.
At Yaupon Tea Co., we are more than just another tea company. We are environmental stewards who are dedicated to finding innovative ways to live in harmony with the environment. We believe that it is possible to cultivate and harvest yaupon holly in a sustainable way that respects the land and it’s natural resources.
In addition to being environmentally conscious, we are also passionate about promoting the health benefits of yaupon holly tea. We believe that this ancient beverage has the potential to improve the health and well-being of our customers. Finally, we see ourselves as educators who are committed to sharing the rich history of yaupon holly and its traditional uses with a wider audience. We believe that by sharing this knowledge, we can help to preserve and promote the cultural heritage of the southeastern United States.