Revolutionizing Philanthropy: Introducing Lido Impact Staking

Lido Impact Staking (LIS) has officially launched, introducing a groundbreaking approach to sustainable funding for social impact projects. By leveraging Ethereum staking rewards and Lido middleware, LIS creates a lasting change in the way individuals, organizations, and DAOs support causes they care about.

How Lido Impact Staking Works

With LIS, users can stake ETH, stETH, or wstETH and allocate a percentage of staking rewards to social impact projects of their choice. This innovative model allows donors to support causes transparently and perpetually, without compromising their original capital. The platform’s permissionless framework enables any social impact project to register, decentralizing and democratizing philanthropy.

Rethinking Philanthropy: A Sustainable Model for Impact

Traditional philanthropy often operates as a single-use investment, where donors contribute finite resources. Lido Impact Staking reimagines this approach by transforming staking returns into a sustainable funding source for social good. Blockchain technology enables transparency and trust, allowing donors to support meaningful change without relinquishing their capital.

Initial High-Impact Initiatives

At launch, LIS supports two high-impact initiatives:

1. GiveDirectly: Providing direct cash transfers to enable individuals in poverty to make independent financial decisions and address their needs.
2. Treedom: Driving reforestation and carbon removal through sustainable tree cultivation, creating environmental and social benefits.

Core Features of Lido Impact Staking

* Long-Term Social Impact: LIS ensures a consistent stream of funding for social impact initiatives, empowering organizations to plan and execute long-term projects with confidence.
* Transparency and Trust: Built on Ethereum, LIS offers unparalleled on-chain transparency, allowing donors to track staking rewards and monitor real-world impact through the LIS dashboard.
* Financial Flexibility: Donors maintain full access to their principal Ethereum holdings (ETH/stETH/wstETH), with the freedom to withdraw or reallocate their funds at any time.
* Sustainable Giving: The continuous generation of staking rewards creates a self-sustaining model for philanthropy, maximizing the potential for long-term contributions.

The Positive Potential of Ethereum Staking

According to Jaydeep Korde, a founder of Lido Impact Staking, “Impact staking changes what it means to be a donor, by not needing them to give away their capital, rather the opportunity cost of some of their staking return.” Impact staking is a new open-source financial tool that creates impact in the real world for real people.

About Lido Impact Staking

Impact Staking was initially conceived and developed by the team at Launchnodes after Ethereum became a Proof of Stake blockchain. The Lido Ecosystem Grants Organization (LEGO) provided a grant to Launchnodes in 2023 to enable an Impact Staking platform to be created, leveraging Lido’s proven, scalable middleware.

Get Involved

The LIS team is now engaged with NGOs, governments, charities, family offices, foundations, and other impact causes and donors. To learn more about Lido Impact Staking and how to start staking for social impact, visit impactstake.com or connect with us on social media.

Conclusion

Lido Impact Staking is revolutionizing the way we approach philanthropy, providing a sustainable and transparent model for social impact funding. By leveraging Ethereum staking rewards and Lido middleware, LIS creates a lasting change in the way individuals, organizations, and DAOs support causes they care about. Join the movement and start staking for social impact today.

Source: Coindoo.com

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