Protocol Yield Directed to Charity?

Almost all upcoming Terra protocols have committed to directing some % of yield/earnings to Angel Protocol as the charitable arm of Anchor Protocol. I believe this to be a win/win/win: Protocols win by raising their profile as charitable in nature, charities win by receiving additional funds, and Terra wins by making a name as the only blockchain that codes charity into it’s law.

I see this as a similarly powerful precedent as airdropping to Luna stakers. Now that the precedent has been set, it leads to a positive feedback loop where all new protocols are incentivized to airdrop. Given the community momentum behind Angel Protocol, I believe we have a unique opportunity at this moment in time to create a similar precedent with charitable giving.

I’d like to submit separate governance proposals for Luna, Mirror, and Anchor proposing protocol-appropriate methods to redirect small % of funds to Angel Protocol charities. I’ll wait till Angel Protocol actually launches, but wanted to start with seeking community feedback on the proposals (and if people agree with the concept, any details of how you’d prefer to see this work).


Bit sad no one has responded to this. I saw your video on twitter and starting telling a fellow crypto friend on what the Terra ecosystem was cooking up here and I agree wholeheartedly that this should happen.

It kinda reminds me of a lot of major Ethereum DeFi projects outdoing each other to donate more to gitcoin. I think Yearn and Badger contributed more than the actual Ethereum foundation which goes to show how powerful successful protocols can become - and clearly mirror and anchor are killing it.

I’m not sure how much the other new protocols ate looking to contribute but I’d assume something similar would be appropriate and hopefully voted in.

Looking forward to giving a bit back myself.


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