eToro commits $1M to GoodDollar universal basic income project By Cointelegraph
Cryptocurrency investment platform eToro has committed $1 million to the GoodDollar universal basic income protocol, supporting the nonprofit’s effort to bridge the global wealth gap through DeFi and smart contract technology.
Wednesday’s announcement from eToro said that GoodDollar will receive additional capital to expand its protocol, and allow for more people to access cryptocurrency. The GoodDollar system works by capturing the interest generated by staking donors’ contributions in leading DeFi protocols such as Aave and Compound. The GoodDollar tokens are used to distribute this interest to the global community.
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