Created on 10th June 2023
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Regular small donations are much better for NGOs than larger one-offs. In fiat, we see a trend of adding small amounts to transactions and sending the extra bit to a good cause. In crypto, there was no good way of doing that.
HelpETH integrates easily into web3 applications with a few lines of Javascript. It gives developers an easy way to seamlessly integrate donations into their apps, without the need for extra transactions thanks to account abstraction.
Users of these apps can simply check a donation checkbox and select a charity they want to support from a verified list. The donated amount can be decided by the user or hardcoded in the app. (Our demo app has this set to 2.5 DAI).
HelpETH ensures secure and transparent donations deployed on Optimism. We also maintain a list of charities that have their own wallets, so that donors can verify them easily.
In the future, we’d like to see an ‘Aave Impact Fund’ included in our list of verified addresses. It would be a lending protocol that donors could support on the supply side, and the interest on the loans would be donated.
Another alteration could be to send the money not to the basic charity wallet, but instead stake it for them in some protocol, so they would earn the interest on the amount until the charity would withdraw.
Another alteration could be to allow the user send the remaining amount to some wallet managed by DAO, and the DAO would decide once per x month on which they wanna donate the money that were gathered.
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