Glo Dollar

/glodollar212

The stablecoin that funds public goods. Developed by the Glo Foundation. www.glodollar.org

We're donating $40k to @celo Public Goods!

To get donations: grow liquidity → get funding

This will spark the Glo Liquidity Flywheel ⚡️

Building on Celo? Learn how to get a larger share of our @celopg donations → https://www.glodollar.org/articles/glo-dollar-and-celo-public-goods.
Mento swaps $1 million into Glo Dollars. 🎉

This unlocks up to $40k per year for @celo Public Goods. At no cost. 🪄

The move followed a vote on Celo's governance forum: 60 voted "Yes," 4 voted "No."

The $1M swap is our largest to date.

Blog post: https://www.glodollar.org/articles/mento-glo-dollar
By using Glo Dollars, you're supporting @giveth, @gitcoin, @protocolguild. At no cost.

All get 25% of our Web3 public goods designated profits 🌈 ☀️

For August proceeds, one gets a 25% bonus 🎁

You decide.

(Web3 public goods August proceeds = $1271, up from $480 in July)
🎁 Win ~$500 by doing good.

Are you familiar with @shutter?

They shut out bad actors and unfair advantages with shielded trading and voting.

If you hold USDGLO and create content about Shutter, you can win up to 20,000 SHU (~$500).

Details ↓

https://warpcast.com/shutter/0x036426a3
Help us decide which Web3 Public Good should get a donation boost.

https://warpcast.com/glodollar/0xf018d946
The Glo Foundation has no profit incentives. To pay for operations, we're raising funds in @giveth's ARB round.

Right now, we'll receive ~5,839 ARB in matching. Our goal: 7,500 ARB.

If you have a Glo Dollar (or any other token) to spare, it goes a really long way.

Donate ↓

https://giveth.io/project/glo-dollar
on @yodl...

if jim sends funds in USDC/T,

olivia can receive the funds in USDGLO

and embed zero-cost philanthropy into her received funds. 🌈 ☀️

https://warpcast.com/glodollar/0xf1915a09
Glo Dollar = Zero-cost philanthropy

from wikipedia:

"Philanthropy is a form of altruism that consists of [...] initiatives for the public good."

from investopedia:

"Zero-cost [...] does not entail any expense."
We just processed our June donations.

So far, Glo Dollar holdings have yielded $3021.80 in donations to @giveth, @gitcoin, @protocolguild.

If we grow to a $30M stablecoin, we'd generate up to $1.3M in donations.

Each year. Automatically. At zero cost. 🪄
reasons to use stables from the incumbents today:

1. more liquidity
2. more ramps/places to buy
3. historical performance

reasons to use usdglo today:

4. instead of extracting value from the ecosystem, it is channelled back into the ecosystem
5. fund public goods + charities, at no cost
6. per bluechip.org's rating, at least safer than one of the incumbent stables
7. improve stablecoin diversity and ethereum's biggest systemic risk (www.stablecoindiversity.org)
8. using glo dollars today, you help us improve on pts 1,2,3 and have an outsized impact on our trajectory, market cap, and dollars donated to public goods and charities
more than 1500 donations were made with glo dollars (usdglo) in @giveth's earth round.

over $55,000 in glo dollars (usdglo) will be paid out to 70+ environmental projects.

seeing more people and businesses use the glo is uplifting—they embed philanthropy into their txns.

orrr amplify their philanthropic impact, in this case:

❤️ when donating, the donation itself is philanthropic
❤️‍🔥 when donating in glo dollars, even the transaction is philanthropic

big thanks to @regentoken, @cyrus, @troopdegen.eth, @karmaticacid, @koday, @giveth, and everyone that used glo dollars to make donations.

we salute you. 🫡