On December 17, donations closed for Panvala’s latest round of donation matching on Gitcoin Grants. The Panvala League’s communities brought in 173,862.86 PAN of donations (worth about $11,867.70 on December 17). Panvala uses those donations to allocate 75% of the quarterly inflation from Panvala’s treasury between the ten Panvala League communities. This quarter’s 1,316,952 PAN was worth $89,893 at the close of donations, so the Panvala League’s communities were matched at an average of 7.57x.
Panvala League Scoreboard
Panvala is the donation matching fund for communities to share. We don’t share Panvala by agreeing on everything or by letting a majority decide. Instead, we use the Panvala League to allocate matching between our communities. There were 29 communities in Batch Nine, and we’re aiming for thousands. Here’s how it works:
- Communities apply for admission to the Panvala League, and the existing communities admit or reject new applicants.
- Panvala League communities collect donations, membership dues, sales for ticketed events, or other community contributions using PAN. The more individual donors, the more matching communities earn using quadratic funding.
- The communities in the League stake PAN tokens to increase their donation matching multiplier from Panvala’s inflation. The more of Panvala a community owns, the more matching they can receive from Panvala.
Example matching earned by a community based on their donations and PAN holdings
The top 10 communities in funding this quarter
Commons Stack was once again at the top of the Panvala League scoreboard this quarter by bringing the most donations and holding the most PAN to earn matching. They earned a total of 308,516 PAN (~$75,677), which is 6.8 times the donations they brought in! FightPandemics, one of the 19 new Panvala League communities this quarter, had the most individual donors at 75, which is a powerful way to increase your community’s matching in Panvala. As a community, they only owned 2.07% of Panvala, but were able to earn 9.52% of this quarter’s inflation subsidies. Panvala’s benefits are distributed not just based on ownership, but also based on donation activity. That’s what makes it so easy to share!
Outside of the Panvala League, Panvala also matched donations made with PAN on Gitcoin Grants. There were 179,882.78 PAN donated outside of the Panvala League to 323 grants, and the top 25 grants received an additional 1000 PAN each for a total of 25,000 PAN. We encourage projects that are benefiting from this program to join the Panvala League, where they can earn even more matching for their donations.
How Panvala Works
Meta Gamma Delta’s funding comes from inflation, not from the 194,833 PAN they staked last quarter to earn a higher matching multiplier.
Panvala’s matching funds don’t come from a foundation or wealthy benefactors. Participating in Panvala allows communities to create their own matching funds. Panvala’s economics are modeled on Bitcoin, which funds the network using inflationary block rewards. When you hold BTC, you’re opting into a system where you know your holdings will be diluted up to the maximum supply of 21 million BTC. Similarly, Panvala’s holders have opted into a system where they will be diluted up to a maximum supply of 100 million PAN, and the Panvala League’s communities allocate that inflation themselves.
Over time, Panvala will approach its maximum supply, and the inflation subsidies will decrease. Our hypothesis is that we could have a decade or two of healthy inflation subsidies before they taper off. That’s why Panvala doesn’t just pursue inflation subsidies for communities: we pursue all possible subsidies for communities. As the inflation subsidies taper off, we’ll work together to pursue external subsidies, like large individual donations and corporate sponsorships, to keep funding flowing to Panvala League communities. That’s what makes Panvala the sustainable treasury for communities to share: our approach can keep subsidies flowing in perpetuity.
We want you and your community to join Panvala! We believe that Panvala’s treasury gets stronger when we share it, so we aim to share it with as many communities as possible. The Panvala League has 37 communities today, and we’re aiming for thousands. Head to the Panvala Handbook today to get started.