our initial donation is to fund the operations of the GLO foundation rather than the treasury, and the 3M number we discuss in the comments here is a hypothetical at the moment. When we’ve actually set up the treasury, we’ll provide an update on the specifics.
We’re not giving away GLO—the GLO is invested in T-bills, which create a regular yield (in dollars), which we give away. As to creating dependency past the receipt date, we don’t think there’s any evidence of this happening to date with GiveDirectly’s programs. If we did see evidence of it, we’d evaluate our options.
GiveDirectly’s Financials page provides more details on where your dollar goes. In 2020, 94.2% of every dollar donated went right to a recipient.
We intend to for the GLO stablecoin to be 100%-collateralized . If yields go down, we’ll consider other investments, or changing some other aspect of our implementation.
We’d be glad to discuss collaboration opportunities with GoodDollar! We love what y’all are doing. I’m seth at globalincomecoin dot com if you’d like to set up a call!
RE: “Or would you treat all monies the same (yield is reinvested into the stake) and so just start with an insanely high over-collateralisation?” I’m not sure I fully understand this, but our plan is not to re-invest yield, but rather to give it away.
Hi Noak, thanks for the thoughtful questions!
our initial donation is to fund the operations of the GLO foundation rather than the treasury, and the 3M number we discuss in the comments here is a hypothetical at the moment. When we’ve actually set up the treasury, we’ll provide an update on the specifics.
We’re not giving away GLO—the GLO is invested in T-bills, which create a regular yield (in dollars), which we give away. As to creating dependency past the receipt date, we don’t think there’s any evidence of this happening to date with GiveDirectly’s programs. If we did see evidence of it, we’d evaluate our options.
GiveDirectly’s Financials page provides more details on where your dollar goes. In 2020, 94.2% of every dollar donated went right to a recipient.
We intend to for the GLO stablecoin to be 100%-collateralized . If yields go down, we’ll consider other investments, or changing some other aspect of our implementation.
We’d be glad to discuss collaboration opportunities with GoodDollar! We love what y’all are doing. I’m seth at globalincomecoin dot com if you’d like to set up a call!
RE: “Or would you treat all monies the same (yield is reinvested into the stake) and so just start with an insanely high over-collateralisation?” I’m not sure I fully understand this, but our plan is not to re-invest yield, but rather to give it away.
Hope that helps!