Mecenas - a permissionless, trustless, non-custodial decentralized protocol that manages infinite crypto donation generation pools, integrated with AAVE, COMPOUND and CREAM FINANCE lending protocols on EVM blockchain networks.
About Mecenas project
Mecenas caters to an important need with a more inclusive decentralized crowdfunding and fundraising platform with a smart way to fund causes that require donations that do not have the vices of increasingly centralized organizations that collect data, invade privacy and dictate terms.
Other features:
| 1 | Mecenas — an infinite generating pool because until the principal and interest are withdrawn, they will continue to generate interest block by block. |
| 2 | In cases where principal is withdrawn, interest will continue to generate interest (compound interest). |
Mecenas — a social impact platform that becomes a mass adoption vehicle for fundraising and crowdfunding. The only thing that each participant will have to pay - the corresponding gas fees for the transactions of each blockchain.
Pool owners can withdraw the received interest and the principal they have received as fungible donations. The bulk of non-fungible donations can be withdrawn by donors at any time without penalty. There are no intermediaries. Everything is handled by immutable smart contracts.
The base token will always be escrowed in loan contracts and the protocol proceeds to withdraw them when there is a withdrawal request from the pool in order to transfer them to the one who matches. Once you create your pool, the community will be able to contribute cryptocurrency to it. These cryptocurrencies will start earning interest from the first moment, as they are included in the loan agreement.
More about defi app
Invested funds earn interest for each block. They are added to the capital to keep generating interest in the next block and so on. As long as you don't withdraw interest, it will be part of the funds that earn more interest, even when donors withdraw their principal. These percentages are displayed in three groups: interest, reserve fund and lottery fund. Interest and reserve funds are freely available to the pool owner.
You are the only one who can withdraw interest, reserves and donations. The funds will go directly to the wallet address you used to create the pool.