Legac.eth

Welcome to Legac.eth! Perpetual Impact Through DeFi. Empowering Generosity with Sustainable Impact

This is more than just a platform; it's a commitment to perpetual giving. We're leveraging decentralized finance (DeFi) to turn donations into a continuous source of support for causes we believe in.

At Legac.eth we're revolutionizing the way you support causes you care about. Imagine a world where your donation continues to give, year after year, creating a lasting impact. That's the world we're building.

How It Works:

Donate Once, Impact Forever: Your donation is not a one-time contribution. Instead, it's staked in a DeFi protocol, harnessing the power of decentralized finance. The principal amount remains untouched, perpetuating your impact.

Sustainable Yields for Meaningful Projects: T he yield generated from staking is directed to the projects you choose. This creates a continuous stream of funding, supporting ongoing operations and growth without depleting the original donation.

Grow the Impact: Join a community of forward-thinking donors. You can add to the existing donation pool at any time, increasing the staked amount and thus the yield. More contributions mean greater and more sustainable support for the causes.

Transparent and Trustworthy: Our blockchain-based platform ensures transparency and security. Every transaction is recorded and traceable, allowing you to see the real-time impact of your contribution.

*Choose Your Legacy: Part of the next steps will be that our platform will support a wide array of causes, from environmental conservation efforts to educational programs. You'll have the power to decide where your eternal donation makes its mark.

Our Vision:

*Eternal Donations: When you donate to Legac.eth, your contribution is staked in a DeFi protocol. This innovative approach ensures that your original donation remains intact, perpetually generating funds for your chosen cause.

*Ongoing Support with Yield: The yield from staking is what makes the difference. It's regularly channeled to projects and initiatives, providing them with a sustainable financial backbone, without ever diminishing your initial donation.

*Amplifying Impact: Every donor is part of a growing community. You can add to the donation pool at any time, enhancing the overall impact. The more we stake, the greater the support we can offer.

*Transparency and Trust: Built on blockchain technology, guarantees transparency and security. Every contribution is traceable, ensuring that you can see the tangible impact of your generosity.

The problem:

In the traditional philanthropic model, donations are often one-time contributions that provide limited, short-term support to charitable causes. This approach leads to a constant need for fundraising, lacks transparency in fund utilization, and doesn't leverage the potential of modern financial technologies. Consequently, there's a gap in creating sustainable, long-term funding solutions for non-profit initiatives, leading to uncertainties in planning and implementing impactful projects. Legac.eth aims to address these challenges by utilizing decentralized finance (DeFi) to transform one-time donations into a continuous source of funding, ensuring transparency, sustainability, and greater impact over time.

We address several key issues in the realm of philanthropy and donations:

-Sustainability of Donations: Traditional donations are often one-time contributions that don't provide long-term financial support. Legac.eth solves this by ensuring donations are staked to generate a continuous yield, providing ongoing funding to causes.

-Donor Engagement and Transparency: Many donors feel disconnected from the impact of their contributions. Legac.eth's blockchain-based approach ensures transparency and allows donors to see the ongoing impact of their donations, enhancing engagement.

-Efficient Use of Funds: Traditional philanthropy often faces challenges with the efficient allocation and use of funds. By using DeFi staking, Legac.eth ensures that the principal donation is preserved while the yield supports the causes, maximizing the efficiency of each donation.

-Encouraging Larger and More Frequent Donations: The perpetual impact model of Legac.eth can motivate donors to contribute more and more often, knowing that their donations have a lasting impact.

-Diversifying Funding Sources for NGOs: NGOs typically rely on a limited range of funding sources. Legac.eth opens up a new avenue for funding through DeFi, diversifying and stabilizing their income streams.

-Adapting Philanthropy to the Digital Age: The use of blockchain and DeFi aligns philanthropic efforts with the evolving digital landscape, making giving more accessible and in tune with current technological trends.

Join Us in Shaping a Better Future:

Your donation today is more than just a financial contribution; it's a seed that grows and supports vital causes indefinitely. Be a part of this innovative journey. Together, let's redefine philanthropy for a sustainable future.

This project uses react, third web, solidity, Java script, AAVE & aims to be a multichain Dapp deployed in Arbitrum, Base, Polygon, Scroll, Optimism and many more.

We created a smart contract that represents an organization or a project to be funded. Donors interact with the smart contract by making a transaction that represents aa donation. This triggers the minting of an ERC-20 token that represents the donation & allow users to change the recipient of the perpetual donation, but does not allow to withdraw the funds.

The smart contract access the donors USDc (we plan to add more tokens in the future). The USDc tokens are transfered to an AAVE lending pool to generate a steady & predictable yield. The smart contract position is represented by atokens (aUSDc). The donations will accrue value over time. The project owner will be able to claim the yield accrued at any time. The funds claimed will be the difference between the atoken balance in the smart contract minus the total market cap of the ERC-20 token. This will ensure that the balance is never less than what has been donated and make sure this mechanism is self-sustaining in perpetuity.

Currently everyone can fund the perpetual donation smart contract, only the project owner can claim the funds from the smart contract and no one can withdraw the funds. in a future version there will be a withdrawer smart contract that will allow users to switch their tokens for other organization tokens in an atomic swap (burning one organization tokens and minting another organization tokens). As well as, move tokens in the case a DeFi strategy gets deprecated.