Olympus Give allows stakers to redirect their rebase rewards either to pre-selected charity causes or to any wallet of their choosing (e.g. a friend or family member).
When Olympus Give goes live, you can follow these steps to set up the donation:
- 2.Head over to the Give section of the Olympus App.
- 3.In the “My Donations” tab, you’ll be able to see a number of causes which we have partnered with.
- 4.You can also donate to any verified wallet of your choosing - family, friends, or organizations in your community.
- 5.Once you have selected a recipient, determine the sOHM amount that you wish to pledge/deposit into the Give Vault for that recipient.
- 6.The recipient will receive all the rebase rewards from the pledged tokens indefinitely --- until you withdraw your principle from the pool.
Angel Protocol’s Restore Earth, ImpactMarket, Gitcoin, Popcorn, and Kolektivo. These are the Cohort 1 partners which were chosen due to their crypto nativeness and their reputation in managing donated funds. In the future, partner selection may move towards being fully community-driven.