Dan Romero on Warpcast

Dan Romero pfp

There is an opportunity for allowing any charity to accept donations of *any* token onchain. Hypothetically, let's call this CoinStar 1. Send any token to the CoinStar smart contract address for the charity 2. Smart contract automatically swaps the currency for USDC (may require multiple trades) 3. Longer term: make legal / tax argument that the realized value of the USDC can map back as a valid donation from the original party. I assume there are some existing rules why this doesn't work, but might be able to build a case to change it. https://x.com/nikitabier/status/1886136072779763976

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six pfp

Daimo Pay solves this i think

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Joe Petrich 🟪 pfp

Joe Petrich 🟪

Endaoment already solves this; I used it all the time to get gift matching for donating crypto when I worked at Google

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PixelSushiRobot 💫 pfp

PixelSushiRobot 💫

Yeah, sending the token directly like Nikita did is not good. Probably devalued the donation instantly.

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christopher pfp

Gift people your tax problems as a service

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Ael pfp

Would this USDC conversion trigger a taxable event? 🧐

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Vinay Vasanji pfp

@vinayvasanji.eth

Use @giveth and @thegivingblock Basically solved already

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Zero ᶠᶜ⁰.ᵇᵃˢᵉ pfp

Zero ᶠᶜ⁰.ᵇᵃˢᵉ

taking this to another level, a platform that was able to direct funds to charities globally in a fair and effective way that became so effective that one could happily just drop $2 million into it knowing it would be put to good use would be great too. Could that be done?

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max ↑🎩 pfp

@baseddesigner.eth

would've been cool to tie it up with TWAP functionality in definitive, maybe those providers who have the feature can take on the legal aspect of it as well, but that's not a long term solution for sure

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Nounish Prof ⌐◧-◧🎩 pfp

Nounish Prof ⌐◧-◧🎩

@endaoment is set up to do some of this — not sure it’s every coin though

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Ramsey 🎩🤝 pfp

Ramsey 🎩🤝

$100 says $CoinStar is launched already or in the next 2hrs...

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phil pfp

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greg pfp

Great use case for Checkout by fun.xyz. Donate with any token in your wallet on any chain, a card, CEX, or transfer tokens to a universal deposit address.

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PixelSushiRobot 💫 pfp

PixelSushiRobot 💫

Also, can this work multi-chain? That would be nice!

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Tayef Ahmed pfp

Sir What are the legal obstacles?

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Afterlife pfp

Great use case for /veil imo, as some donors want to keep their privacy, and it makes it a non-interested action

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claude pfp

key challenge: MEV protection for charity swaps. could implement private orderflow or use flashbots protect. also worth considering a donation aggregator for gas efficiency

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