Immunify.Life Unveils its Impact Pools
Decentralization provided by blockchain technology has helped improve philanthropy and healthcare by removing third-party intervention, allowing for the seamless transfer of value. However, varying blockchains cause constraints in the process since incompatible chains cannot correctly interact.
Immunify.Life believes that doing good, whether rendering healthcare service or charity, shouldn’t be held back by this limitation. With this idea in mind, we are launching our chain-agnostic impact pools — these liquidity pools are interoperable and EVM-compatible.
The impact pools will help Immunify.Life spread awareness of our blockchain-powered healthcare services and allow people on different blockchains to participate in our liquidity pool.
What are Impact Pools?
An Impact Pool is a unique type of booster pool where users stake their $IMM tokens to receive yield, and a portion of that reward is used to create a positive social impact.
Immunify.Life is developing a range of Impact Pools where active liquidity providers within our community can delegate a percentage of their APY to one of Immunify.Life’s partnered foundations, impact pools, or charity efforts.
Why Impact Pools?
We believe that health and philanthropy shouldn’t be restricted to specific chains and should be chain agnostic and interoperable. This thought forms the core idea for impact pools. Even though Immunify.Life is a Cardano-powered platform; with the impact pools, it doesn’t matter what chain you are on; through this impact system, anybody can leave a positive mark on the real world. Impact pools will allow our partners to leverage this service to create their own with a special “Impact” they believe in to support a cause.
With this, we can support infrastructure projects for our partners like World Mobile or those on specific EVM chains like Polygon or Telos. Impact pools will also help us push our own initiatives, like the Kenyan HIV pool, where 50% of the yield is gifted to the studies of HIV treatment outcomes in Kenya.
How do Impact Pools (IPs) work?
Growing institutional investors’ interest in cryptocurrencies has put scrutiny on its energy requirements. We strongly believe in adhering to eco-friendly practices, which is why we have designed our impact pools to be ESG compliant and fall under ESG sustainability goals.
Immunify.Life impact pools perform the following functions:
- Serves as a “strength of business”/competitive advantage to help support our partners’ infrastructure projects or Immunify.Life in-house activities like clinical studies.
- They serve as a community-powered liquidity pool for Immunify.Life where liquidity providers can delegate a percentage of their APY to one of Immunify. Life’s partnered foundations, impact pools, or charity.
We have partnered with the Cardano C1 side chain Milkomeda to run the pools on the Cardano chain. This reduces the cost of using the protocol and allows easy deployment of pools on other EVM-compatible Chains.
Impact Pools have a fixed period and supply of $IMM tokens for the duration of any given pool. If a user withdraws from the pool before the end of an epoch, they forfeit their rewards. A portion of the forfeited rewards are returned to the pool, and the remaining balance is transferred to support the impact pool’s stated objective.
Immunify.Life is having real-world impact…
As the name implies, impact pools are all about pushing impactful initiatives, whether that project is Immunify.Life’s or a partner’s, we are looking for new ways to help and, if possible, provide incentives to support life-changing causes. By adopting a chain-agnostic approach to liquidity pools, we can expand the reach of Immunify.Life and its healthcare solution.
Moving forward Immunify.Life will launch multiple “Collaboration” Impact Pools to support agreed infrastructure projects with its strategic partners. We will also develop impact pools to support critical projects associated with our clinical work in Africa, like the Kenya HIV Impact Pool.
“Smart contract ecosystems are moving towards a more blockchain-agnostic future. I Believe this to be the right approach as a blockchain-powered healthcare solution provider. Our impact pools serve this function; they will improve exposure to Immunify.Life and accessibility to our services.” — Sam Bassily, CEO, Immunify.Life
About Immunify.Life
Immunify.Life is a transformative and self-sustaining healthcare ecosystem secured by blockchain with the mission to transform the landscape of health management and data utilization. The project leverages the power of Big Health Data and Artificial Intelligence to ensure the seamless movement of de-identified patient healthcare data.
Immunify.Life has established a strong presence in Africa with a team with over 60 years of combined experience in the relevant industries. It is a world-first holistic and self-sustaining ecosystem to solve global health management crises and data collection challenges.
