Lido Impact Staking officially launched

January 15, 2025, London, UK, Chainwire

Lido Impact Staking (LIS) will officially launch on January 15, 2025, introducing a new approach to sustainable financing for social impact by leveraging Ethereum staking rewards and Lido middleware to create lasting change. do.

LIS allows users to stake ETH, stETH or wstETH and allocate a percentage of their staking rewards to a social impact project of their choice. This innovative model allows individuals, organizations, and DAOs to transparently and permanently support causes without compromising their original capital.

Another feature of Lido Impact Stake is its permissionless framework. Any social impact project can register on the platform. By decentralizing and democratizing philanthropy, LIS paves the way for a new era of accessible and sustainable social impact financing.

For more information, see LIS.

Rethinking philanthropy: A sustainable model for impact.

Traditional philanthropy often operates like a disposable investment, where donors contribute finite resources and are later verified through monitoring and evaluation. Lido Impact Staking (LIS) reimagines this approach by allowing users to stake Ether (ETH/stETH/wstETH) and allocate a percentage of their staking rewards to impactful, data-driven causes. This innovative model transforms staking profits into a sustainable source of funding for social good, allowing donors to support meaningful change without giving up their capital. In this new charity model, blockchain technology enables transparency and trust.

At launch, LIS will support two impactful initiatives:

• Directly provided by: We focus on providing direct cash transfers to enable individuals living in poverty to make independent financial decisions and address their needs.
• treedom: Promote reforestation and carbon removal through sustainable tree cultivation and create environmental and social benefits.

These early projects demonstrate the potential of LIS to reimagine philanthropy through Ethereum staking and provide a sustained flow of funds for important causes.

Key features of Lido Impact Staking

1. Long-Term Social Impact: LIS leverages staking rewards to ensure a consistent flow of funds for social impact initiatives, helping organizations plan and execute long-term projects with confidence.
2. Transparency and Trust: Built on Ethereum, LIS provides unparalleled on-chain transparency, strengthening trust and accountability by allowing contributors to track staking rewards and monitor real-world impact through the LIS dashboard.
3. Financial flexibility: Donors maintain full access to their primary Ethereum holdings (ETH/stETH/wstETH) and can withdraw or reallocate funds at any time.
4. Sustainable Giving: Generating ongoing staking rewards creates a self-sustaining model for philanthropy, maximizing the potential for long-term contributions.

The positive potential of Ethereum staking

“Solving problems at new scales requires new financial tools. Impact staking changes what it means to be a contributor by not requiring you to contribute capital, but rather an opportunity cost of a portion of your staking profits,” said Jaydeep Korde, founder of Lido Impact Stake. “Impact Staking is a new open source financial tool that creates real-world impact for real people.”

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Impact staking was first conceived and developed by the Launchnodes team after Ethereum became a proof-of-stake blockchain. Launchnodes was founded in April 2020 and allows customers around the world to independently stake Ethereum and run their own ETH nodes and infrastructure without having to share keys or give up custody of their ETH.

The Lido Ecosystem Grants Organization (LEGO) has provided a grant to Launchnodes in 2023 to create an Impact Stake platform leveraging Lido’s proven and scalable middleware. This led to the creation of the Lido Impact Stake.

The LIS team currently works with NGOs, governments, charities, family offices, foundations, other impact causes and donors. All of them are excited about 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 get started with social impact staking, please visit: impactstake.com Or connect with us on social media:

Website: impactstake.com

contact

Andrey D.
Lido Impact Staking
social@impactstake.com