Mecenas Protocol
The Future of Giving
THE PROTOCOL
We have seen how blockchain-based projects have evolved in the last 2 years. The big bang has been in the DeFi ecosystem. And there is still a long way to go. We believe that Blockchain has come to stay.
We interpret blockchain as a social change that derives from the technological change it has introduced. And this is where we have decided to combine and take advantage of the blockchain and the DeFi ecosystem to create Mecenas Protocol.
We can define Mecenas as a Permission-less and Trust-less Non-custodial Decentralized Protocol that manages infinite pools of crypto donations generation integrated with AAVE, COMPOUND and CREAM FINANCE lending protocols on EVM blockchain networks (Polygon, Binance Smart Chain, Ethereum).
We believe that Mecenas comes to cover an important need with a more inclusive crowdfunding and fundraising decentralized platform with an intelligent way of financing causes that require donations and collaborations that does not have the vices of increasingly centralized entities that capture our data, invade our privacy, dictate the terms under which we can exchange value and specify the level of financial risk to which we should be exposed.
We have incorporated a new element that consists of a pool where all the crypto deposited as donations and collaborations are deposited in lending contracts to generate interest as yield.
The protocol handles two types of deposits: Collaborations, which consists of depositing cryptos to generate interest without losing possession of the principal which can be withdrawn without restrictions of time and cost, transferring the right of those interests to the owner of the cause, and on the other hand, traditional donations that differs from collaborations in that both interest and principal rights are transferred in favor of the owner of the cause.
As an additional condiment to give an incentive to collaborators, we have incorporated into the pool a recurring draw lottery, where part of the interest generated is destined to a pot that is awarded recurrently among the collaborators as long as they keep their principal deposited.
This operating mechanism makes Mecenas pool an infinite generation pool, since as long as the principal and interests are not withdrawn, they will continue to generate interest block by block. And in those cases where the principal is withdrawn, the interests will continue to generate interests (compound interest).
Given the benefits and possibilities offered by Mecenas, we believe that it is a platform that impacts on a social level to become a mass adoption mean of crowdfunding and fundraising.
The use of the platform has no cost neither for the owner of the cause nor for the donors and collaborators. Obviously, the only thing that each participant will have to pay are the corresponding gas fees for the transactions of each blockchain.
The owners of the pools can at any time make withdrawals of the interest generated and the principal that they have received as donations as well as the principal of the collaborations can be withdrawn at any time by the collaborators.
The underlying token will always be deposited in the lending contracts and proceeds to withdraw them when there is a request to withdraw funds from the pool, in order to transfer them to whoever corresponds.
INTELLIGENT COLLABORATION
Thanks to the Blockchain and the decentralized lending protocols that run in it, today we can offer a new way to collaborate intelligently, making each of them more efficient since being non-fungible and being able to withdraw when desired, allows that this capital can be deposited in another cause.
It is the way to collaborate without giving up your cryptos. You leave them as long as you want and withdraw them when you want, without time or cost restrictions. You are the only one who can handle your cryptos.
This can be achieved since the funds of the collaborations are deposited in lending contracts guaranteed by collateral funds. It is there where the collaboration begins to generate interests that are effectively the contribution that the owner of the cause will take. Your collaboration is infinite, because after you withdraw it, the interests will continue to generate interests.
It also constitutes a way to hold your crypto collaborating at the same time.
Likewise, you can also, if you wish, make donations in the causes of your interest. In this case, you collaborate by giving up your cryptos on behalf the owner of the cause.
You are a person of influence and have a project that helps others? You can also enable your space.
GIVE AND TAKE
By collaborating, in gratitude you are participating in the No-Loss JACKPOT while your contribution is deposited.
A part of the generation of interest is accumulated in a jackpot that is managed by the smart contract.
CREATE YOUR CAMPAIGN
Beyond the definition of patron ... "person who sponsors or protects artists and intellectuals" we extend it to any person or entity that requires a means of receiving collaborations for a noble and honest cause, project or start up.
You can access to have your pool at NO COST. You can create your campaign in less than 15 seconds. Then you can inform your community of this new way to collaborate in your cause. You will be the only one who can manage the pool and the funds generated.
Once you have your pool, it is infinite. It will never stop working since it will be on the blockchain.
HOW IT WORKS
Once you create your pool, your community will be able to deposit crypto in it. Those crypto from the first moment will begin to generate interest since they are deposited in a lending contract. The pool information is public and you will be able to monitor the number of collaborators, the total funds deposited, the interest generated, the reserve fund, the lottery fund, the interest and reserves collected.
The deposited funds earn interest for each block. These are added to the capital to continue generating interest in the next block and so on. As long as you do not withdraw the interest, they will be part of the funds that generate more interest, even when the collaborators withdraw their initial capital. These interests are displayed in three groups: Interest, Reserve Fund and Lottery Fund. The interests and the reserve fund are freely available to the owner of the space or pool. The lottery fund is managed by the smart contract for the allocation of winners. In the event that you need to make a withdrawal of interest or the reserve fund, the pool will transfer it to you at your request and will stop generating interest on that withdrawn capital.
Also in your pool, your community will be able to make donations, which as long as you do not withdraw, will generate interest.
The only one who can withdraw interest, reserves and donations is you. The funds will go directly to the wallet address you used to create your pool.
THE NUMBERS
Of the 100% of the interests generated by the pool, 75% corresponds to the owner of the cause and 25% accumulates in a jackpot.
The 75% of the interests are splitted into two items: Interests (50%) and Reserves (25%). Although the total of 75% of the interests can be withdrawn from the pool by the owner of the cause, we have discriminated to raise awareness that while at least the reserves are left without withdrawing in case it is not necessary, the pool will continue to generate interests.
The 25% of the remaining interests are accumulated in a jackpot that is drawn recurrently among the collaborators who keep their cryptos deposited at the time of the draw. The draw is carried out in a transparent way using the corresponding functions of the contract. Once the draw is executed, the underlying token is awarded and transferred to the winner, who will receive 75% of the jackpot and the 25% is transferred to Mecenas for development, marketing and help to kick off campaigns.
TRANSPARENCY: Once Mecenas pool contracts have been deployed, they are immutable without the possibility of modifying their operation. Likewise, the contracts of each pool are duly published and verified in the corresponding blockchain in order to be audited by the public. Likewise, you will be able to audit at all times the balance of the underlying token deposited in the corresponding lendig contract simply by consulting said contracts by entering the address of the Mecenas contract as a parameter.
GET IN TOUCH
You can contact us sending an email to the following address: [email protected]
Visit the Protocol at: https://mecenas.mobydick.finance
Last modified 15h ago
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