Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

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7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

Advanced

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Bybit x FxStreet Report: Gold could reach US$4,000 per ounce by 2025

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DeFi

Big Green DAO operates as an autonomous grant-making community designed to fund philanthropic work in a way that empowers frontline workers. Find out more here.

 develops into a major cultural force, all sorts of different institutions are discovering exciting new ways to take advantage of 

, a charity organization run by Kimbal Musk, sees blockchains as a way to increase the impact of its philanthropic efforts. After years of helping students learn more about gardening, the group has decided to create a 

. This article will explore the details of the group’s plan and analyze how the environmentally friendly venture could unlock new possibilities in the world of philanthropy.

The Big Green DAO was created by Big Green, Kimbal Musk’s nonprofit that focuses on food justice and gardening initiatives. The DAO will help decentralize and restructure the grant-making process.

Kimbal Musk, brother of the world-famous entrepreneur Elon Musk, started Big Green in 2011. Since then, the organization has founded and supported gardening programs at schools across the United States. 

Musk and his co-founders have sought to promote healthier eating and environmental awareness by encouraging children to get outside and grow their own food. Now, they’re hoping their latest project, Big Green DAO, will disrupt the grant-making process and promote a philanthropic landscape that empowers nonprofit organizations to maximize their impact.

In launching Big Green DAO, Kimbal Musk and his co-founders are participating in a movement at the very center of 

. DAOs have provided crypto investors with an exciting model for decentralizing and democratizing digital structures. Today, innovators like Musk are pushing the boundaries and finding new uses for these novel entities.

In essence, DAOs are community-led organizations that operate on the foundation of binding 

. Built with blockchain technology, they eliminate the need for centralizing agents or privately controlled servers. They’re completely autonomous, meaning they don’t have to rely on any outside organization to function properly. They’re also entirely transparent, giving users the ability to audit contracts, protocols, and even the code at the heart of the technology.

DAOs are designed to function as democratic institutions. Individual members vote on all major decisions, from treasury allocations to potential technological upgrades. Users can propose changes to the protocol, and everybody involved in the project then comes together to vote. Once the members have reached a consensus or a measure has passed, the proposal moves on to become a part of the organization’s network of smart contracts.

DAOs have come to represent an important innovation within the general DeFi movement. They could also become a pillar of Web 3.0, the next generation of the internet that’s based on smart contracts and blockchain technology. By providing autonomy and democracy, both key components of Web 3.0’s underlying philosophy, DAOs will garner considerable attention in the months and years ahead. For Big Green, the technology represents an exciting way to further the group’s philanthropic mission.

While certainly less well-known than his older brother Elon, Kimbal Musk has enjoyed a prominent career of his own. After finding success as an investor and entrepreneur during the early days of the internet, he went on to become a chef and restaurateur. He has opened a network of community-focused restaurants in the United States in locations that include Boulder, Denver and Chicago. He also served as the CEO of an advertising network that was 

Alongside his work in the restaurant and advertising industries, Kimbal Musk has worked extensively as a philanthropist, focusing on the issues of food justice and environmental sustainability. 

For seven years, he supported a charity group called the 

 that planted vegetable gardens at Colorado schools. In 2011, he decided to create his own organization around this same concept. While initially called The Kitchen Community, Musk’s charity is now known as 

Kimball Musk comes from a renowned South African family of artists and entrepreneurs. His mother, Maye Musk, is a model and dietician. His brother Elon, CEO of 

, while his sister, Tosca Musk, is a prominent filmmaker and media executive.

Big Green DAO represents the coming together of an age-old philanthropic model and a novel approach to social organization. Throughout its first ten years of existence, Big Green operated as a standard environmentally friendly charity. 

The group developed Learning Gardens in schools across the country, giving students a hands-on way to learn about the natural world. Now, Kimbal Musk and other leaders at the charity are looking to harness the power and energy of Web 3.0 to further their goals. If Big Green DAO is successful, it could usher in a new era of charitable giving.

Kimball Musk launched Big Green in 2011 following years of work in the restaurant industry. After becoming a chef and opening a successful chain of restaurants, he decided it was time to help young people learn more about growing food. This initial idea eventually blossomed into a massive charitable operation.

Big Green’s work has long centered on Learning Gardens — outdoor classrooms where students can grow their own food. Musk saw these projects as providing opportunities for young people to become more connected with the outside world. Not only do the students get an up-close look at how natural food is grown, but they also experience the whims of the climate in a way that makes them more respectful of the environment.

Since its founding, Big Green has built Learning Gardens in 650 schools, and the programs teach approximately 350,000 students a day. According to Musk, these educational initiatives are having a genuine impact on kids’ lives. The experience of farming improves children’s mental health, while the food itself increases their nutritional intake. By giving students these opportunities, Musk is living up to his dream of connecting young people with real, natural food.

As Big Green expanded, its forward-looking founder looked for ways to expand its scope. Having seen how front-line workers often know what’s best for nonprofit organizations in the food justice space, Musk wanted to democratize the decision-making process while helping reach more communities with grants. This desire coincided with the rise of blockchain technology and Web 3.0, leading Musk to conceive of Big Green DAO.

As a young entrepreneur, Kimbal Musk was one of the first people to recognize the power of the internet. The technology was still in its infancy, and many traditionalists doubted its transformative potential. Musk, along with his brother Elon, saw that web-based services would replace many paper-based products altogether. They soon developed a set of innovative businesses with this key insight in mind.

, for example, was an online directory that helped replace 

 as a way for consumers to find businesses. Older entrepreneurs scoffed at the idea that a web-based service could ever outcompete something as integral to everyday life as a phone book. All the same, the Musk brothers persisted in their endeavor. They were vindicated, of course, and are now both billionaires, thanks to Zip2 and subsequent tech-related ventures.

Decades later, Kimbal Musk came to see Web 3.0 as a new technology capable of disrupting everyday life, much as the original internet had done in the 1990s. Now middle-aged himself, he didn’t want to repeat the mistakes of the anti-internet naysayers he knew in his youth. Instead of waving away the idealism of Web 3.0 acolytes, he decided to research the phenomenon for himself. Needless to say, he was inspired by what he learned.

Musk quickly made a distinction between mere speculators and genuine Web 3.0 believers. With near-religious zeal, the true believers insist that a new version of the internet, based on the blockchain and embodying the ethos of decentralization, can create a world that’s less wasteful and more equitable. He soon came to share their excitement.

The more Musk learned about the latest trends, the more he thought decentralized models could revolutionize the philanthropic space that Big Green inhabits. He eventually decided that a DAO could help his charity efficiently distribute grants while empowering nonprofit organizations to direct the flow of funding. 

, a DAO expert with extensive experience in the field, Musk and his charitable organization launched Big Green DAO in the fall of 2021. Just a few months later, the project is already attracting donations and directing funds toward participating nonprofit organizations.

Big Green DAO will operate as an autonomous grant-making community designed to fund philanthropic work in a way that empowers frontline workers. The architecture of the platform lets it operate as a charitable organization for legal purposes. This means that in order to maintain its legal status, the DAO must focus solely on issues of food justice. Decision-makers within the community’s structure will be empowered to assess ideas for grants and ensure they fall within the organization’s purview.

Because of the rigor required in such a narrowly defined charitable organization, the DAO has been designed with a general committee that sits at its core. This committee will serve as the executive authority, deciding where funds can be distributed within the DAO, adding and removing new committee members, and modifying the governance rules when necessary. Beneath this committee, the DAO community itself will select where to send grants for charitable projects, based on a ranked-choice voting system. This mechanism is what makes the organization such a revolutionary project in the world of philanthropy.

As a charitable organization, the DAO will be funded with donations. Frontline food justice workers can then vote on the destination of the funds, giving these workers a larger say in the awarding of grants for future projects. 

Whenever an organization receives a grant, the frontline workers at the organization, who have a voting stake in the DAO, can help decide which other organizations should receive grants. Workers will be prohibited from voting for their own organizations, but they’ll be able to draw on their expertise in deciding which other projects in the field are worthy of funding.

Big Green DAO could have a transformative effect on the greater world of philanthropy. Up to now, most DAOs and other Web 3.0 innovations have been geared toward crypto investors and other tech-focused individuals. The Big Green DAO represents a serious attempt to bring the advantages of the blockchain to a new cohort, a group of people who are committed to improving lives and who will appreciate having such a powerful new tool at their disposal.

Many people in the philanthropic community still have a lot to learn about Web 3.0. As they expand their knowledge, they’re likely to notice many ways in which DAOs and other innovations could improve on existing models. For one thing, blockchains and smart contracts could remove a lot of the inefficiencies currently plaguing most philanthropic institutions. By definition, a charitable organization requires the sending of considerable amounts of money. Constant transactions are costly when intermediary institutions like banks are involved. Sending those same funds as cryptocurrencies on a blockchain could eliminate a lot of the overhead.

The DAO’s model will also help charities cut down on the exorbitant costs associated with simply maintaining normal operations. Sending money through complex institutions requires a lot of accounting and legal work, and all of these tasks are completed by paid employees. If organizations can streamline their operations through DAOs or similar structures, they’ll cut down on waste while getting money where it needs to be more quickly.

On a simpler level, Big Green DAO will fund a lot of important projects by awarding grants. The group’s funding efforts focus on food justice, regenerative agriculture, public gardens, and food-related education and advocacy. The injection of funds will help these types of programs expand their scope and make a bigger impact on communities.

Most importantly of all, Big Green DAO will democratize the philanthropic arena, putting big decisions in the hands of the frontline workers who are best equipped to make them. In the traditional model, uninformed executives are often the ones deciding where money should be sent. In this new DAO, everyday workers — the people who actually see how food justice is best achieved — will instead vote on which organizations should receive grants.

This new dynamic demonstrates the very best of what blockchain technology has to offer. In a decentralized, democratized world, where smart contracts let everyday people make decisions, ignorant pencil-pushers will be sent to the sidelines where they belong.

The leaders at Big Green DAO are hoping to make a difference on multiple levels. In the specific area of food justice, the group plans to direct funds to organizations that are actively fighting to increase access to healthy, natural ingredients. These organizations will benefit directly from the funding that the DAO provides.

Musk is a high-profile individual, and this latest project is attracting interest from crypto enthusiasts around the world. As more people hear about the DAO, many will be eager to donate. This will help grow the general pool of funds available for making grants. The voting members of the DAO will then be able to funnel these funds toward the projects they deem most worthy.

While the DAO is sure to have a massive impact on the food justice movement, Musk also has his sights on even larger changes in the general world of philanthropy. If the project pans out, other philanthropic organizations could adopt a similar model. Countless charities in various sectors could turn to blockchain technology as a new way to streamline their operations and democratize the decision-making process. Eventually, the experiment could lead to a world where charities can better serve their areas of focus.

Since its launch, Big Green DAO has attracted both large and small donors. Several high-profile donors have provided large amounts of funds, something Kimbal Musk expected from the start, but a slew of smaller donors has also injected the project with considerable amounts of cash. This grassroots support has been a pleasant surprise for the DAO’s leaders, suggesting that the democratization of philanthropy is already well underway.

If you’d like to contribute to the environmentally friendly project yourself, you can make a donation by following the instructions on

. The group accepts donations in many cryptocurrencies, including Bitcoin and Ether. 

While donations aren’t currently being used to fund new projects, they’ll still serve to further the group’s endeavors in one way or another. If the DAO experiment works, and more grants are made, then your donation will be added to the treasury. If, on the other hand, the experiment fails, your contribution will go toward the types of learning programs that Big Green has been operating for years.

Big Green DAO vs. Other Nonprofit Organizations

When discussing Big Green DAO, Kimbal Musk is eager to highlight that nothing like this has ever been tried before. The project is truly unique, uniting the worlds of philanthropy and DeFi in a novel, exciting fashion. All the same, there are certainly ways in which the project adheres to the norms and standards of traditional nonprofits. After all, the overall goal of the project, which is to help as many people as possible, is the same objective that most philanthropic organizations have had throughout history.

When looking at Musk’s project next to other

, one quickly notices that the DAO is growing out of an age-old tradition. Also clear is the genuine potential for growth and improvement that the experiment is attempting to harness. By drawing on the models of the past to create a better future, the DAO represents a perfect example of innovation at its finest.

 share a common interest in the welfare of the planet, but they differ extensively in their methods. 

For Big Green, the playbook has always focused on providing educational opportunities for children. Greenpeace, on the other hand, takes a much more active role in the political debates around ecology and sustainability. With the creation of its DAO, Big Green has also moved into the crypto world, whereas Greenpeace remains skeptical of blockchain technology and its environmental impact.

 is another environmentally friendly organization that takes a slightly different approach from Big Green. Based in San Francisco, the group focuses on promoting climate justice and sustainable policies in courts of law. This legal focus, while representing an important part of the climate movement, sets Earthjustice apart from educational programs like those of Big Green.

 (WWF) is an international organization that aims to protect endangered species and preserve natural habitats. The group is truly global in scope, with major projects around the world. While the WWF hasn’t yet followed Big Green into the crypto space, the group’s massive scale makes it a worthy candidate to use blockchain technology for efficiency purposes. If Big Green DAO proves successful, groups like the WWF are sure to take notice.

Big Green DAO vs. Other Environmentally Friendly DAOs

Big Green might be innovative and experimental, but it’s not the only environmentally friendly organization to have launched an ethical DAO. Other forward-looking philanthropists have perceived the potential that blockchains hold for charitable organizations, and

Many of these groups share Big Green’s passion for improving society and protecting the planet, each with its focus on particular goals. Together, these innovative organizations could build a philanthropic movement that capitalizes on the democratizing power of blockchains.

 is focused on combating the negative effects of human-induced climate change. The DAO operates by coordinating groups of investors who can team up to influence companies that are currently contributing to carbon emissions. While both ClimateDAO and Big Green DAO are involved with funding, ClimateDAO focuses explicitly on corporate initiatives. Big Green pays more attention to community-based educational efforts.

 is another ethical DAO focused on climate change. Unlike Big Green DAO, this particular organization is based on the issuance of tokens. When traders purchase the tokens, they help offset the emissions produced by associated assets. This process helps bring attention to burgeoning carbon markets. Big Green, meanwhile, doesn’t sell any such tokens, and the group invites interested parties to donate funds rather than make crypto purchases.

 is a philanthropic DAO that supports a wide variety of social causes. Like KlimaDAO, this organization sells tokens to fund its efforts. Unlike KlimaDAO, however, which focuses exclusively on climate issues, ChangeDAO issues distinct 

 that support separate causes. This arrangement allows traders to purchase tokens that will support the issues they care about most deeply.

While ChangeDAO currently exists on Ethereum, a blockchain that uses considerable amounts of energy itself, the group hopes to decrease its carbon footprint after it transitions to Ethereum 2.0 where it uses an ethical proof-of-stake blockchain instead. Much like Big Green, ChangeDAO reflects a proliferation of blockchain-based models in the world of philanthropy.

Big Green DAO is still in the early stages of its development. The project was only launched in 2021, and there’s still plenty left to be determined. The organization’s developers are very straightforward about the unpredictable nature of the project’s future. They openly call it an experiment, and they admit they can’t be sure that the project will even succeed. 

That being said, Kimbal Musk and other leaders are very enthusiastic about the DAO’s prospects. They understand that they’ve created something truly unique, and they’re eager to see where their invention takes them.

Many traders are wondering whether Big Green DAO will someday release an associated token. As mentioned above, several other ethical DAOs have used NFTs to raise money and increase the size of their autonomous communities. Big Green, for now, uses donations rather than token sales to fund its mission. Governance rules are set by an executive committee and community members from associated nonprofit organizations. Tokens exist only as mechanisms within the platform’s unique governance structure, and they’re not available for purchase.

While introducing tokens isn’t on Big Green’s current road map, it could still happen at some point in the future. Kimbal Musk and his colleagues are remarkably innovative, and they’re sure to consider any funding mechanism that has proven successful at other organizations. As they watch groups like KlimaDAO and ChangeDAO succeed with token-based models, they might be tempted to bring a similar format to their own project.

Big Green DAO is an exciting organization that could thrive at the intersection of Web 3.0 and traditional philanthropy. Kimbal Musk, a lifelong innovator and entrepreneur, thinks he’s hit upon a paradigm-busting formula. 

If Big Green DAO succeeds in empowering frontline workers and democratizing the grant-making process, other charities could adopt similar methods. Sooner or later, the power of blockchains could change philanthropy forever.

Big Green DAO: A Web 3.0 Step Toward Charity by Kimbal Musk

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