Mercy Corps Ventures Pioneers Blockchain for Financial Inclusion Through Ethereum Staking

Mercy Corps Ventures (MCV) has unveiled a novel approach to philanthropy that harnesses the power of blockchain technology to foster financial inclusion. By partnering with Lido Impact Staking, MCV allows individuals to stake Ethereum and allocate a portion of their staking rewards to the Crypto for Good Fund. This fund is dedicated to supporting Web3 startups that are tackling financial inequality in emerging markets, offering a unique opportunity for donors to contribute to social impact initiatives without diminishing their principal investment.

Scott Onder, Chief Investment Officer at Mercy Corps, highlighted the organization's dedication to utilizing blockchain technology to open up financial opportunities for those on the margins of the global economy. This innovative staking model not only enables participants to earn rewards but also to support projects aimed at achieving key financial inclusion goals. These include expanding access to banking through decentralized finance (DeFi) solutions, facilitating digital identity for financial access, and transforming aid distribution with transparent blockchain mechanisms.

Since its inception in 2018, Mercy Corps Ventures has been at the cutting edge of leveraging blockchain for financial resilience. The Crypto for Good Fund has already partnered with more than 30 protocols and startups, impacting over 3 million users by delivering groundbreaking financial solutions to underserved communities. The collaboration with Lido Impact Staking marks a significant milestone in the realm of crypto philanthropy, introducing a liquid staking infrastructure that simplifies the process for donors, institutions, and Web3 communities to back impactful initiatives efficiently.

This initiative underscores the transformative potential of blockchain technology in driving social change. By offering a sustainable and scalable funding model, Mercy Corps Ventures is leading the charge in merging decentralized finance with social good, paving the way for economic empowerment and financial inclusion on a global scale. As the landscape of DeFi and philanthropy continues to evolve, MCV's efforts exemplify how innovative technologies can be harnessed to address some of the most pressing challenges facing underserved populations today.