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Ethereum Staking Meets Social Impact: Lido Impact Staking Officially Launches
London, United Kingdom – January 15th, 2025 – A new era of philanthropy has been initiated with the official launch of Lido Impact Staking (LIS), a revolutionary innovation that combines Ethereum staking rewards with social impact. By introducing this groundbreaking concept, LIS has redefined the traditional notion of charitable giving.
The platform has pioneered an extraordinary approach to sustainable funding for social causes, leveraging Ethereum staking and Lido middleware to generate lasting change. With LIS, users can stake ETH, stETH, or wstETH and allocate a portion of staking rewards to the social impact projects they support. This innovative mechanism allows individuals, organizations, and decentralized autonomous organizations (DAOs) to contribute to causes transparently and perpetually without compromising their original capital.
Another distinctive feature is LIS’s permissionless framework, which enables any social impact project to register on the platform. By decentralizing and democratizing philanthropy, LIS has opened doors for NGOs, governments, charities, family offices, foundations, and other socially responsible entities to explore innovative ways of giving back to society.
“The need for new financial tools is more pressing than ever before,” said Jaydeep Korde, a co-founder of Lido Impact Staking. “Impact staking changes the game by not requiring donors to sacrifice their capital; instead, it provides an opportunity cost of some of their staking return.” He emphasized that impact staking is a new open-source financial tool that has the potential to create real-world positive change for people.
The LIS team has been actively collaborating with various stakeholders, including NGOs, governments, charities, family offices, foundations, and other socially conscious organizations. These entities are excited about the prospect of leveraging Lido Impact Staking as an innovative model for philanthropy and maximizing its positive impact on society.
To learn more about Lido Impact Staking’s cutting-edge approach to social responsibility, please visit their official website at impactstake.com or connect with them through Twitter (@impactstake), LinkedIn (ImpactStake), or the Website (impactstake.com).
Source: blockonomi.com
