Lido Impact Staking Revolutionizes Philanthropy with Ethereum Staking
London, United Kingdom (TADAWUL:), January 15th, 2025, Chainwire
Lido Impact Staking (LIS) is set to make waves in the world of social impact funding as it officially launches on January 15th, 2025. This innovative platform introduces a new approach to sustainable funding for impactful causes, utilizing staking rewards and Lido middleware to create lasting change.
Empowering Users to Make a Difference
With LIS, users have the opportunity to stake ETH, stETH, or wstETH and allocate a percentage of their staking rewards to social impact projects of their choice. This groundbreaking model allows individuals, organizations, and DAOs to support causes transparently and perpetually, all without having to compromise their original capital.
Permissionless Framework for Sustainable Impact
One of the key features of Lido Impact Staking is its permissionless framework, which means that any social impact project can register on the platform. By decentralizing and democratizing philanthropy, LIS is paving the way for a new era of accessible and sustainable social impact funding.
For more information, users can visit LIS.
Rethinking Philanthropy: A Sustainable Model for Impact
Traditional philanthropy often functions as a one-time investment, with donors contributing finite resources that are later validated through monitoring and evaluation. LIS is reimagining this approach by allowing users to stake (ETH/stETH/wstETH) and allocate a percentage of their staking rewards to impactful, data-driven causes. This innovative model transforms staking returns into a sustainable funding source for social good, enabling donors to support meaningful change without giving up their capital. Blockchain technology ensures transparency and trust in this new philanthropic model.
At launch, LIS will support two high-impact initiatives:
- GiveDirectly: Focuses on providing direct cash transfers to individuals in poverty, allowing them to make independent financial decisions and address their needs.
- Treedom: Aims to drive reforestation and carbon removal through sustainable tree cultivation, creating environmental and social benefits.
These initial projects demonstrate LIS’s potential to provide enduring funding streams for critical causes, reshaping philanthropy through Ethereum staking.
Core Features of Lido Impact Staking
- Long-Term Social Impact: LIS ensures a consistent stream of funding for social impact initiatives by leveraging staking rewards, empowering organizations to plan and execute long-term projects confidently.
- 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, fostering trust and accountability.
- Financial Flexibility: Donors retain 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.
Positive Potential of Ethereum Staking
“We need new financial tools to solve problems that have a new scale. 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,” said Jaydeep Korde, a founder of Lido Impact Staking. “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 transitioned to a Proof of Stake blockchain. Launchnodes, formed in April 2020, supports customers globally in solo staking Ethereum and running their own ETH nodes and infrastructure without sharing keys or giving up custody of their ETH.
The Lido Ecosystem Grants Organization (LEGO) awarded Launchnodes a grant in 2023 to create an Impact Staking platform leveraging Lido’s proven, scalable middleware, resulting in Lido Impact Staking.
The LIS team is currently collaborating with NGOs, governments, charities, family offices, foundations, and other donors and causes excited by the potential of Impact Staking as a new and innovative model for philanthropy and driving maximum positive impact.
For more information about Lido Impact Staking and how to start staking for social impact, visit impactstake.com or connect with us on social media:
- Twitter: @impactstake
- LinkedIn: ImpactStake
Contact Andrei D. Lido Impact Staking social@impactstake.com
This article was originally published on Chainwire
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