Last November, the Cardano Foundation announced that it is partnering with Switzerland for UNHCR (the United Nations Refugee Agency). This partnership emerged from the second annual Global Impact Challenge, an opportunity for Cardano to forge new partnerships that showcase the ability of blockchain to impact the world for good.
The announcement was an exciting moment at the 2022 Cardano Summit in Lausanne, Switzerland. The project was launched with two basic parts:
- First, Switzerland for UNHCR launched a new Cardano stake pool, ticker WRFGS, which stands for “With Refugees”. Pool rewards will fund the agency’s work with refugees and displaced people.
- Second, the Cardano Foundation staked 3.5 million ada to the new WRFGS pool. This is enough to ensure that the pool starts minting blocks and earning rewards immediately.
As of this writing, the WRFGS pool has already minted 64 blocks.
However, this was just the beginning
The big dream isn’t that the Foundation will perpetually stake a few million ada to the pool just to keep it alive. Rather, the hope is that the WRFGS pool would become embedded in the community, kept flush with many more million ada from many delegators. This would produce a lasting and steady stream of rewards to fund UNHCR’s work with displaced men, women, and children all over the world. Furthermore, it would be an amazing success story that would pave the way for other organizations to undertake similar efforts.
So what stands between the spark of inception and the inspired end-goal? Well, there are a few things…
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