Introducing FreeDona: A Loss-Free Donation Protocol
EDCON 2021 · 29 Aug 2021 · 3:31
Jose He introduces FreeDona, a donation protocol that directs yield from deposited funds to supported projects while allowing contributors to recover their principal. He explains time-weighted contributions, proposed DeFi integrations and community decision-making, comparing this approach with donations that transfer the full contribution away.
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From EDCON 2021, hosted by EDCON.
Transcript
hello everyone thank you for having me my name is jose i co-founded its freedom protocol today i will introduce what fragrance can do when it comes to donation mechanism in the crypto context traditional donations solve social issues by the redistribution of funds the established open source funding platform gitcoin has greatly improved the efficiency of funding process and how fritona protocol fixes freedom law is the threshold of donations and introduces the concept of time weight
so that even small funds can achieve the same utility of big money through long-term contributions meanwhile the community is able to measure what you're interested in those important projects with the time of involvement what makes freedom of protocol different is that instead of giving away all the available funds users or phoners just deposit their funds into d5 protocols such as compound and raf in a manner of fund management and then those yields generated in the process will be donated to developers or valuable startup teams
in the ethereum ecosystem for donors they can deposit and withdraw in the flexible way as needed which reshapes the expectations of donation behavior and the people with limited funds are encouraged to support community development for ethereum developers and the contributors their incentive is further guaranteed by another sustainable source of funding this supports community development in a long way the new idea introduced by free donor to wait in funds and time also facilitates continuous communication
between the community and project teams in the near future free donor protocol is targeting number one lose this donation donate with yields easy to participate deposit and withdraw as needed batch operation to save gas and accept multiple types of assets and access to mainstream defined learning protocols number two flexible combination adjust position through comparison to optimize the apy adjust the donation range by users and or and open open source able to be combined by other protocols to expand
more scenarios number three hydrous autonomy the community votes to decide where the donations go transparent and auditable contract transparent and traceable funding path if freedom sounds interesting to you you can find more details on our website free.org and please feel free to reach out on twitter thank you for your company