Angel Protocol — building a world where all charities are financially free
Angel Protocol is a global social enterprise that leverages revolutionary decentralized finance (DeFi) yield mechanisms such as Anchor Protocol’s 20% ‘Earn’ functionality to create perpetual charity endowments.
By doing so, we build a world where all charities can have financial freedom.
In short, Angel Protocol enables charities to get a better return on their deposits, and donors get to know their money is being put to more efficient use. Powered behind the scenes by the incredible possibilities created by ‘DeFi’ and importantly, Angel Protocol abstracts away the complexity of crypto for the everyday user.
Rather than have to go through multiple steps and have an in-depth knowledge of DeFi and Cryptocurrency, prospective donors will engage with a simple interface that allows them to donate to a charity or cause of their choice by selecting from a menu. In the MVP launching in the coming months, donors can choose to donate to a basket of charitable indexes aligned with the 17 UN Sustainable Development Goals (UN SDGs).
Importantly, charities will have a very easy onboarding process to enable them to collect the donations and benefit from a sustainable and continual source of income with as little fuss as possible.
Each charity will have their own page that includes additional information on that charity or cause (background, supporting information on the cause, data on charity’s use of user funds).
Charity leadership dashboards will be developed to help highlight community giving “heroes” with NFT badges available in the future thanks to partners such as Talis Protocol.
Angel Protocol provides easy access to endowments with no on-boarding cost or setup fees. An endowment is a donation of money or property to a nonprofit organization, which uses the resulting investment income for funding. Endowments are designed to keep the principal amount intact while using the investment income for charitable efforts.
To borrow phrasing from Terra’s defining white paper, there is demand for a decentralized, price-stable and transparent charity protocol in both fiat and blockchain economies. If such a protocol succeeds, then it has the potential to be the largest community-owned charity in the world.
Between the power of, initially, Anchor’s Earn yield and the magic of compounding interest, Angel Protocol has the potential to be the most effective charity protocol the world’s ever known.