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In Episode 49 of *Chain Reactions*, we sit down with Mashal Waqar, Head of Marketing at [Octant](https://octant.build/), and get a surprise drop-in from Griff Green, Founder of [Giveth](https://giveth.io/), to dig into how public goods funding actually works on Ethereum and why it matters more now than ever. *We cover:* – How Octant's model works: lock GLM, earn ETH, and choose to fund public goods or keep the yield – The surprisingly heated debate over what counts as a "public good" (yes, Pizza DAO came up) – Why blockchain unlocks speed, transparency, and community-driven capital allocation that traditional grants can't match – Griff's wild story of The DAO hack, how edge case funds turned into $200M+, and the launch of the new DAO Security Fund – The case for an Ethereum security coalition and why L2s need to fund shared infrastructure Mashal shares her journey from running a media company with tens of millions of readers to burning out, discovering crypto through NFTs and Gitcoin, and co-authoring the first State of Web3 Grants report. We also get into real-world impact stories, from funding water filters in Gaza to helping doctors in Syria get paid through crypto, and why sustainable funding through DeFi yield beats depleting treasuries. Plus, a great riff on AI in public goods, the Zakat use case for crypto, and why execution beats everything. --- *Timestamps* 00:00 – Intro and what's on everyone's timeline right now 02:08 – Welcome to Chain Reactions and introducing Mashal from Octant 03:54 – Mashal's journey from media founder to crypto marketer 06:28 – How NFTs and Crypto Covens pulled her back into Web3 08:53 – Co-authoring the first State of Web3 Grants report and discovering Octant 10:25 – What Octant is and how the GLM staking model works 13:15 – What actually counts as a public good (and the Pizza DAO debate) 16:49 – The $1M Ethereum creator round and lessons from vetting 1,000+ applications 18:30 – DeFi vaults, sustainable funding, and the new StreamVote experiment 23:30 – Why blockchain unlocks faster, more transparent funding than traditional grants 26:34 – Remittances, financial access, and the personal case for crypto in emerging markets 33:24 – Griff joins: founding Giveth, The DAO hack, and rescuing $200M+ in edge case funds 39:21 – The multiplier effect and why matching makes it hard not to donate 44:18 – Launching the DAO Security Fund inspired by Octant's model 48:45 – AI experiments at Octant, building with AI, and the case for AI in public goods 56:29 – Vitalik's L2 tax tweet, Ethereum sustainability, and the need for a security coalition 1:00:00 – Rapid fire: execution beats everything and don't count your chickens --- *Show Notes & Mentions* 🧠 [Octant](https://octant.build/) – Public goods funding platform on Ethereum 🎁 [Giveth](https://giveth.io/) – Donation platform and public goods movement since 2016 🧵 [Mashal on X](https://x.com/mashalwaqar) 🧵 [Griff on X](https://x.com/griffgreen) 🧵 [Octant on X](https://x.com/OctantApp) 🧵 [Giveth on X](https://x.com/Giveth) 🏗️ [DAO Security Fund](https://daosecurityfund.com/) – Griff's new project to secure DAO funds and fund Ethereum security 🪙 [Golem / GLM](https://golem.network/) – Token powering Octant's staking and funding model 🌱 [Gitcoin](https://gitcoin.co/) – Grants platform for open source and public goods 🍕 [Pizza DAO](https://x.com/PizzaDAO) – Community funding pizza parties worldwide (public good or not?) 🤖 [Virtuals / 60days.ai](https://60days.ai/) – AI agent launchpad mentioned by Griff ⭐ [Stellar](https://stellar.org/) – Referenced for crypto-powered aid to doctors in Syria 📊 [Blockchain for Good Report](https://docsend.com/v/9dm2p/myosin-bl...](https://docsend.com/v/9dm2p/myosin-bl...) – Myosin's collaborative research report on blockchain impact