Impact Staking
Use ETH staking returns to earn and fund social impact
Demo
About
The problem it solves use ETH/stETH/wstETH staking as a new long-term financing tool to fund social impact. The initial key goals are to: Allow ETH/stETH/wstETH stakers to donate a percentage of their staking returns to fund social impact. To allow donors a model where they get their money/original capital back at the end of a given time period. Establish a marketplace of credible organisations alleviating poverty, fighting climate change and pursuing other forms of social impact, in a data-rich context that makes it easy to understand and measure the benefits of the impact they are delivering. User Interaction and Data Flow LIS allows you to donate a percentage of your staking returns to causes in the social impact marketplace. You can choose any percentage to donate for any period of time. The first organisations in the social impact marketplace (SIM) have data rich contexts for their work in alleviating poverty, reducing the effects of climate change. Your ETH/stETH/wstETH is staked via the Lido protocol and its network of global node operators. The percentage of rewards you keep compounds and you can withdraw your rewards at any time. The returns you donate are made available to the social impact organisation to start the withdrawal process as soon as they have been awarded using LIS. The social impact organisation receives donations every 24hrs. Navigate to the LIS homepage Click 'Stake and Donate' to access the LIS web app Once in, click on 'Connect Wallet' in the top right corner to connect your Metamask or any other wallet that operates via WalletConnect Provided that your wallet is now connected, select whether you want to impact stake ETH or stETH or wstETH. Impact Staking - Selecting Your Social Impact Project and Donation Percentage Under Social Impact, select the social impact cause you would like to start donating a share of your returns to Enter the amount of ETH/stETH/wstETH you would like to impact stake Finally, select the percentage of your returns that will be automatically donated to the cause and click 'Stake Funds'. The project architecture and development process We use Lido to allow someone to stake a small or large amount of ETH and build smart contract to vault the ETH and split the staking return Product Integrations We use Lido, graph and AWS Key differentiators and uniqueness of the project It allows ETH staking returns to be used to fund social impact. It allows any social impact project to list and start being funded using staking returns. Trade-offs and shortcuts while building Using Lido allows us to leverage the quality of staking infrastructure building trust and credibility for both charities and impact stakers Additional Features we have created a new way to incentivise impact stakers, by sending anyone who impact stakes a real banana.