Mercy Corps Ventures (MCV) has introduced a novel approach to philanthropy by launching Ethereum staking donations through a partnership with Lido Impact Staking. This innovative model allows donors to support blockchain-based financial inclusion initiatives while continuing to earn yield on their cryptocurrency assets.
The new donation method enables ETH holders to stake their tokens and allocate a portion of their staking rewards to MCV's Crypto for Good Fund. This approach provides a continuous funding stream for blockchain startups focused on addressing financial inequality in underserved markets.
Scott Onder, Chief Investment Officer at Mercy Corps, emphasized the transformative potential of this approach, stating that it harnesses blockchain technology to create financial opportunities for marginalized communities. The initiative targets critical areas such as decentralized lending platforms, digital identity solutions, and transparent aid distribution systems.
Unlike traditional philanthropic models, this method allows donors to support impact-driven projects without depleting their principal capital. By redirecting staking rewards, donors can contribute to ventures that aim to bank the unbanked, provide digital financial access, and revolutionize aid distribution through blockchain technology.
Since 2018, Mercy Corps Ventures has been a pioneer in leveraging blockchain for financial resilience. The organization has already partnered with over 30 protocols and startups, reaching more than 3 million users with innovative financial solutions for underserved communities.
This collaborative approach between Mercy Corps Ventures and Lido Impact Staking represents a significant advancement in crypto-powered philanthropy. It creates a scalable, sustainable model for funding social impact initiatives, potentially transforming how institutions and individuals support global financial inclusion efforts.
