Deposit&Donate

What is Deposit&Donate?

It works like a deposit in a bank, but the income generated is donated to the communities. When depositing your Celo Dollars (cUSD), you will be notified by email every time you receive enough income to be donated. On the other hand, you will receive $PACT as a reward for your donation (learn more (https://support.impactmarket.com/889227-Impact-Farming)). This donation will not affect your deposited funds; you can withdraw them anytime. Keep your assets safe while helping vulnerable communit...

What happens when I deposit my Celo Dollars (cUSD) at impactMarket?

When you make a deposit, the money is sent to an impactMarket contract which is then sent to Moola. The impactMarket contract holds the deposited funds of all users and records of deposits.

How is the deposit interest generated at impactMarket?

Through Moola (https://app.moola.market/).

What happens when I withdraw my deposit?

You immediately receive what you have deposited in your wallet, and the interest is transferred to the DAO treasury from where communities request funds.

How can I make a deposit at impactMarket?

1.Go to https://www.impactmarket.com/ 2. Connect your Libera wallet 3. Go to the menu “Take action” 4. Press "Deposit Celo Dollars and Donate the Interest" 5. Choose the amount you want to deposit 6. Enter your email 7. Click on "Approve transaction" 8. Return to your Libera and approve the transaction 9. Return to the website and press "Deposit cUSD" 10. Return to Libera and accept the transaction. 11. Go back to the website and check if the transaction was successful.

How to donate the interest earned on my deposit?

1. Go to https://www.impactmarket.com/ 2. Choose "Take action" menu and then "Deposit Celo Dollars and Donate the Interest" 3. Connect your Libera 4. Press "Donate Interest" window 5. Open your Libera to accept the transaction

How to withdraw my deposit?

1. Go to https://www.impactmarket.com/ 2. Connect your Libera 3. Choose the "Take action" menu and then the "Deposit Celo Dollars and Donate the Interest" menu 4. Choose the "Withdraw" window 5. Choose the amount you want to withdraw 6. Open your Libera and approve the transaction.