Thanks for your reply, @vegayp
Do you mean, 3912 in 2024, was distributed FOR ALL the projects in total? or averagely 3912 per project/cause?
We donate monthly. $3912 was the figure for our October donations–across all donations to 15 projects. Less than $200 of that was allocated toward non-crypto projects.
We’re on track to donate at least $50K+ over the next 12 months.
See the full list of our monthly donations.
I do recognize the value of providing funding to Public Goods, I am still missing the point of how circularity is achieved outside the philanthropy and the economic aspect of it. I think most of us want engagement and reciprocity, not only distribution of funds.
I want to clarify that we’re not asking ENS DAO to fund the Glo Foundation or other Public Goods. Instead, we’re suggesting ENS DAO to diversify part of its treasury into Glo Dollars.
Circularity is fundamental to how the Glo model works, and the proposal will contribute back to the ENS ecosystem at no cost to ENS DAO:
- Our proposal is to hold USDGLO worth $1M (currently held in another stablecoin).
- This generates $40k per year for ENS aligned Public Goods.
Prioritizing circularity/reciprocity, USDGLO is the smarter pick over USDC:
Also, you guys are welcome to the Public Goods working group to present this and seek feedback on the call, it’s an open call every thursday.
We’ve been meaning to join for some time now. We’ll make sure to join either this or next week! Thanks for the reminder.