Trading is a charitable effort on this DeFi platform

Nolus, a crosschain lease protocol, introduces its Lease to Give initiative to grow funds for charitable donation while promoting purpose-driven finance.

As decentralized finance (DeFi) grows into a powerful force within the financial landscape, there’s a rising call for these projects to contribute meaningfully to society. DeFi projects are now under increasing pressure to demonstrate a sense of responsibility that extends beyond their platforms.

For many users, it’s no longer enough for DeFi to facilitate transactions or provide innovative tech solutions. There’s a desire for these projects to also embody values like transparency, community and social impact. In traditional finance, corporate social responsibility (CSR) programs are in place to provide a means for companies to give back and support community-driven causes.

Now, as DeFi takes on a larger role in the global economy, stakeholders are looking for ways to bring that same spirit of giving into the decentralized world. The expectation is clear: DeFi projects that prioritize positive social contributions and create a lasting impact on the world.

Good samaritans of DeFi

One project that steers toward this direction is Nolus, a crosschain lease protocol. The Lease to Give initiative, launched by its core contributors, showcases the power of purpose-driven finance, underscoring the importance of shared values and social impact — even in the digital age.

Nolus is designed to make digital asset borrowing and investment more accessible and manageable. Much like a conventional lease where individuals make a down payment toward eventual ownership, Nolus DeFi Lease offers users a way to borrow against crypto assets with flexibility and enhanced security. With high financing options available, Nolus minimizes the risk of margin calls, helping users safeguard their investments even in volatile market conditions.

#GetToNolus - The world's first DeFi lease!⚛️

The key components behind Nolus:

◾ 150% financing on your downpayment
◾ Very low margin call risk
◾ Low cost of financing
◾ You get to own your digital assets
◾ Transparent, strong & secure

Learn more👉 https://t.co/WrCVYnDDBE pic.twitter.com/WAtHEaihPI

— Nolus 🔅 (@NolusProtocol) October 24, 2022

Lease to Give represents Nolus’s first charitable initiative, combining resources and social responsibility. As a headstart, core contributors of Nolus donated $10,000 USD Coin (USDC) to five of the most skilled traders within the Nolus community, who are tasked with amplifying this amount through their trading expertise by February  2025.

Let’s make a difference! @rebel_defi is growing the pie 🙌 https://t.co/kC9cpVTbRF

— Nolus 🔅 (@NolusProtocol) November 7, 2024

At the end of the period, all realized gains — along with the initial funds — will be donated to a charitable organization or initiative selected by the Nolus community. And even if any losses occur, the core contributors will ensure that the entire initial amount is covered, reinforcing the initiative’s commitment to giving back. Apart from the technical innovation it presents, this approach is built on shared human values, incorporating the principles of trust, community and responsibility into modern leasing solutions.

With a solid 41% PnL for the Lease to Give initiative, the results are stacking up strong 🚀

With the market picking up over the past week and decent profits emerging, we’ve decided to extend the initiative until January 31st to give participants more time to make the most of… pic.twitter.com/IasI33IyKY

— Nolus 🔅 (@NolusProtocol) November 19, 2024

The human element in Web3

Cointelegraph Accelerator participant Nolus’s mission extends beyond DeFi innovation; it represents a shift in approach to serve the collective good. Lease to Give aims to redefine the role of finance, proving that it can go hand in hand with a social purpose.

By placing this fund in the hands of top community traders, Nolus’s core contributors are empowering its community to contribute directly to impactful causes. This initiative turns individual skills into shared success, with everything gained going to charitable donations.

Web3 and DeFi may be decentralized, but Nolus’s core contributors believe in fostering a community-driven culture that puts people and purpose at the center. Lease to Give strives to bring a human touch to DeFi, devoting the expertise of traders to a greater mission. This initiative demonstrates that DeFi can be a bridge between financial growth and community-focused values and that positive social impact has a place in the digital landscape.