Making Money While Giving to Charity with Neptune Finance

White Wings — The Angel Protocol Charity Vault

Neptune is excited to announce that in collaboration with Angel Protocol, the charity dApp, that we will be launching a charity-centric vault where users can generously give to virtuous charity organizations AND make a profit at the same time!

Angel Protocol is creating a unique No Loss giving vault powered by the Anchor Protocol where anyone can deposit a principal amount of UST and donate the 20% yield generated against it. Meaning users can deposit and withdraw UST to the vault at any time without losing any of their capital and be generously supporting charities that work hard to make the world better.

Neptune Finance joins the picture by creating a vault strategy that leverages bAssets and places the loan directly into Angel’s No Loss giving vault that spreads the donations between an index of charities. Thanks to the simple mechanisms of No Loss giving and Anchor’s ANC token rewards for borrowing money, Neptune is able to create a novel investment strategy that allows your donations to create a profit for you.

The White Wings Vault

• The vault operates by first depositing your bAssets($bLuna, $bEth, $bSol) into the White Wings Vault via the Neptune web app.
• Neptune then leverages the bAssets through Anchor and creates a UST-based loan.
• The UST loan is then deposited into Angel’s No Loss giving vault where it generates a 20% yield that is continuously donated.
• Neptune withdraws and replaces UST funds from Angel as needed to pay down the debt against leveraged bAsset to ensure they are safe from liquidation during volatile markets.
• Loans taken out through the Anchor Protocol are rewarded with ANC tokens. Neptune collects these tokens and swaps them into the bAssets deposited by users and compounds them back into the vault to generate profits.
• Users can withdraw their funds from the vault any time while they watch their donations at work and their profits grow!

The Terra Charity Alliance

Many projects in the Terra ecosystem have already generously pledged to donate part of their protocol’s revenue in various forms to Angel Protocols giving strategies. This is a noble cause and an impressive collaboration from the fastest growing defi ecosystem in the crypto space that we, the developers at Neptune Finance, very much want to do our part to make our shared world a better place.