“Give once, give forever.”
That's the motto of the Angel Protocol. Angel Protocol is Terra-based protocol to create perpetual charity endowments. The Gift that keeps on giving, forever.
Donors select the charity they wish to donate to, donate once, and through harnessing the power of the 20% Anchor Earn interest rates, donate forever. Angel Protocol thery becomes a perpetual charity endowment protocol built on Terra’s blockchain. Those yields then continually accrue for charity forever. This is a very powerful promise to make!
Here's a simple example:
*Suppose a generous individual pledges $110,000 to his local orphanage via Angel Protocol. The donor can tell the protocol to immediately credit $10,000 of his donation to the orphanage for use and pledge $100,000 as a perpetual charity endowment. Angel Protocol then deposits his $100,000 to Angel in the back end via smart contracts to earn a 20% yield. By the end of one year, the orphanage is given another $20,000. The year after that, it’s given another $20,000. Part of the yield would be kept in the endowment fund to grow the principal to produce more yield.
In six years, the orphanage would receive the entire initial donation and keep an increasing fund that would periodically earn them money in perpetuity. This amplifies the effectiveness of anybody’s donation and addresses sustainability issues for charities.*
Angel Protocol will facilitate an increase in the adoption of UST. To mint more UST to satisfy demand increases from donations, an equivalent dollar amount of LUNA has to be bought and burned. This leads to less supply, increasing the LUNA’s price — to the benefit of LUNA holders. A more thorough discussion of how Terra-Luna’s value capture system works can be found here.
One of the key components of Angel Protocol’s Decentralized Organization is it’s Terra Validator. Angle Protocol was launched on June 17, 2021 with a goal to crowdsource LUNA tokens from Terra Blockchain and help charities. It provides a great opportunity for LUNA holders to support their favourite cause by staking their LUNA tokens and donating some of their yield to a charity. The announcement video and the tweets do a good job of explaining how this works.
https://www.youtube.com/watch?v=681QZf_FlcI
Now let's analyze the data related to the Angel Protocol.
LUNA holders who delegate their LUNA to a validator are known as delegators. Let's start our analysis by looking at how many users are actively delegating their LUNA to Angel Protocol vs the total lifetime number of delegators.