Angel Protocol
Give once, give forever.
What is Angel Protocol?
Angel Protocol is the world's first Decentralized Autonomous Non-Profit Organization (DANO) that aims to disrupt the charity model.
What's wrong with the way charity is being done you ask?
There's nothing wrong with charity per se, but being a nonprofit means that there is an inherent reliance on a constant stream of donations to survive.
As it is, 30% of nonprofits in the US face liquidity issues and 50% have less than one month of operating reserves.1
What is Angel Protocol doing to solve this?
Angel Protocol provides a decentralized donation platform that conveniently connects donors to partnered charities.
They’ve constructed a perpetual endowment framework that taps into DeFi products like Anchor & ApolloDAO.
This provides nonprofits with a constant stream of income, without needing to even touch the principal amount in their endowment!
"Give once, give forever"
How does this work?
Angel Protocol’s litepaper explains it best:
Donors can also qualify for tax relief via the tax receipts they get from charities if they opt in to a light KYC.
Governance
Without going into too much detail, there's two levels of governance.
Charity Level Governance
Protocol Level Governance
1. Charity Level Governance
Charity Supporters stake $HALO with their chosen charity in return for Charity Shares, allowing them to oversee charity-level governance.
For example, the Charity DAO can vote on proposals like emergency unlocking of funds, transfer of beneficiary, dissolution, etc
Source: @Delphi_Digital
2. Protocol Level Governance
$HALO stakers are also responsible for overall governance of the Angel DANO
$HALO stakers vote on proposals like treasury spending, development, committee appointments, etc
Source: @Delphi_Digital
In order to incentivize $HALO holders, yield from each charity's endowment is distributed back to both the stakeholders and the charity.
Source: @Delphi_Digital
If you'd like to take a deeper look into the $HALO token design, do check out the full paper below.2
Partnerships
Angel Protocol is powered by not just the community, but by partnerships with protocols, validators, and NFTs.
So how can you contribute?
When Angel Protocol’s V1 goes live in Jan 2022, you'll be able to donate to charities' endowments, stake $HALO, and participate in the Angel DANO.
Besides that, the Restore Earth campaign is currently ongoing til the end of the year.
In collaboration with Galactic Punks, donors are entitled to receive a Galactic Angel which will play a role in the GP metaverse!
Find out more:
You can get $HALO from:
- https://dex.loop.markets/swap#Swap
- https://coinhall.org/charts/terra/terra1yjg0tuhc6kzwz9jl8yqgxnf2ctwlfumnvscupp
At time of writing, DO NOT get $HALO from Terraswap, as the liquidity is on Loop.
Terraswap and Astroport pools will come in the future!
Note that $HALO was launched using the LBP method, this this evident from their price chart.
Hope you learnt more about Angel Protocol and are now inspired to "win and help win"!
Here's a brilliant 1m30s overview of $HALO:
A great recap of Angel Protocol & $HALO:
Disclaimer:
Nothing in this thread is to be taken as financial advice.
I am not working with or related to @angelprotocol, but I am personally invested in $HALO at time of writing.
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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..!
Nice project, need to follow, thank you for your introduction.