I love the concept soi donated an eth to see if im wrong. Kept the tax receipt & terra NFT. (nice touch) But do i see a reality where this can go on forever, most likely not. Have i seen many many projects surrounding hold and earn to collapse liquidity... AMAs forced to inject liquidity then ect problem bieng is its all borrowed assests... Love this project to prove me wrong or hear others views about it..!
Awesome that you went to try it out! I definitely did the same, and am excited for V1 to go live. It is a great concept for sure, and I definitely look forward to seeing this make charity a more sustainable endeavor.
For now, a lot of it relies on Anchor's ~19.5% APR. In the event the APR drops to say, low double-digits I believe it still will be sustainable due to the exponential compounding effect.
Nice thought-out system. Of course, there will be shortcomings as well. Because donations are just moving to the crypto network. These are considered the first attempts.
From the shortcomings of this, a more beautiful system can be developed later. It's why I like it. It is very nice to have such things happen stubbornly to people who say that crypto is being used for fraud
I love the concept soi donated an eth to see if im wrong. Kept the tax receipt & terra NFT. (nice touch) But do i see a reality where this can go on forever, most likely not. Have i seen many many projects surrounding hold and earn to collapse liquidity... AMAs forced to inject liquidity then ect problem bieng is its all borrowed assests... Love this project to prove me wrong or hear others views about it..!
Awesome that you went to try it out! I definitely did the same, and am excited for V1 to go live. It is a great concept for sure, and I definitely look forward to seeing this make charity a more sustainable endeavor.
For now, a lot of it relies on Anchor's ~19.5% APR. In the event the APR drops to say, low double-digits I believe it still will be sustainable due to the exponential compounding effect.
Nice project, need to follow, thank you for your introduction.
My pleasure!
It's very interesting to see blockchain technology applied to improve our world.
Indeed ser, indeed.
Nice thought-out system. Of course, there will be shortcomings as well. Because donations are just moving to the crypto network. These are considered the first attempts.
From the shortcomings of this, a more beautiful system can be developed later. It's why I like it. It is very nice to have such things happen stubbornly to people who say that crypto is being used for fraud
Thank you for the good information.
It will be nice to add some more transparency and predictability in the charity giving model.