The Good Tech Companies - Ethereum Staking Meets Social Impact: Lido Impact Staking Officially Launches

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Ethereum Staking Meets Social Impact, Lido Impact Staking Officially Launches.by Chainwire London, United Kingdom, January 15, 2025, Chainwire, Lido Impact Staking, Li, asterisk officially launches on 15 January 2025, and introduces a new approach to sustainable funding for social impact, leveraging Ethereum staking rewards and Lido middleware to create lasting change. With Li, users can stake ETH, STEF, or WSTETH and allocate a percentage of staking rewards to social impact projects of their choice. This innovative model allows individuals, organizations, and DAOs to support

Starting point is 00:00:45 causes transparently and perpetually, without ever compromising their original capital. Another feature of Lido Impact Staking is its permissionless framework. Any social impact project can register on the platform. By decentralizing and democratizing philanthropy, Lido paves the way for a new era of accessible, sustainable social impact funding. For more information, users can visit Li. Rethinking Philanthropy A sustainable model for impact traditional philanthropy often operates like a single-use investment, where donors contribute finite resources, later validated through monitoring and evaluation. Lido Impact Staking, Li, reimagines this approach by enabling user-stake ether,

Starting point is 00:01:27 ETH, Steth, WSTETH, and allocate a percentage of staking rewards to impactful, data-driven causes. This innovative model transforms staking returns into a sustainable funding source for social good, allowing donors to support meaningful change without relinquishing their capital. In this new model of philanthropy, blockchain technology enables transparency and trust. At launch, Li supports two high-impact initiatives GiveDirectly, focuses on providing direct cash transfers, enabling individuals in poverty to make independent financial decisions and address their needs. TREEDOM. Driving reforestation and carbon removal through sustainable tree cultivation, creating environmental and social benefits. These initial projects showcase LIS's potential to provide enduring funding streams for critical causes,

Starting point is 00:02:16 reshaping philanthropy through Ethereum staking. Core features of LIDO Impact Staking 1. Long-term social impact. By leveraging staking rewards, Li ensures a consistent stream of funding for social impact initiatives, empowering organizations to plan and execute long-term projects with confidence. 2. Transparency and trust. Built on Ethereum, Li offers unparalleled on-chain transparency, allowing donors to track staking rewards and monitor real-world impact through the lead dashboard, fostering trust and accountability. 3. 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.

Starting point is 00:03:01 4. 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 Jadeep Kord, 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 impact staking was initially conceived and developed by the team at Launchnodes after Ethereum became a proof-of-stake blockchain. Launchnodes was formed in April 2020 and supports

Starting point is 00:03:46 customers globally to solo-stake Ethereum and run their own ETH nodes and infrastructure, without ever having to share their keys or give up custody of their ETH. The Lido Ecosystem Grants Organization, LEGO, provided a grant to Launchnodes in 2023 to enable an impact staking platform to be created that leverages Lido's proven, scalable middleware. This resulted in Lido Impact Staking. The Lido team is now engaged with NGOs, governments, charities, family offices, foundations, and other impact causes and donors, all of whom are 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

Starting point is 00:04:32 at Impact Stake. LinkedIn, Impact Stake. Website, Impact Stake. Com contact Andre D. Lido Impact Staking Social at impactstake.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Ethereum Staking Meets Social Impact: Lido Impact Staking Officially Launches

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