Social Impact Network Announces the First Decentralized Finance (DeFi) Climate Fund in partnership with UNDP

An estimated $100m in green loans will be available to fund renewable energy projects in frontier markets

DÜSSELDORF, GERMANY / ACCESSWIRE / July 28, 2021 / Social Impact Network (SI Network) is excited to announce the upcoming launch of a DeFi impact investment ecosystem. The ecosystem creates positive social impact through real-world asset funds by injecting high liquidity into markets that typically have funding challenges, all while offering above-average returns to investors thanks to DeFi protocol integration. The platform, the first of its kind to connect Environmental, Social, and Governance (ESG) investing with DeFi, will launch in the fourth quarter of 2021. Expert organizations, such as the United Nations Development Programme (UNDP), will be impact partners on the network.

Closing the $2.5 trillion Sustainable Development Goals (SDGs) funding gap is a mammoth task that cannot be undertaken by governments alone. Since the outbreak of the Covid pandemic in 2020, this deficit has become even more pronounced, with most developing nations now facing an economic recession.

SI Network offers a solution from the ranks of blockchain and the $100b DeFi industry by increasing private capital inflows into frontier and least-developed countries (LDCs). Starting with its first specialized investment fund, Sunny Pool, that allows DeFi investors to invest in a collection of solar PV projects, SI Network aims to contribute to lowering greenhouse‑gas emissions in order to meet the 1.5°C temperature rise goal ratified by the Paris Agreement.

Unlike many traditional ESG asset vehicles that lock investors into lengthy investment periods, the SI Network platform offers complete trading flexibility. Its impact tracking system gives investors peace of mind against greenwashing and opaque impact results. Trustless smart contracts manage all fund allocations, distributions, and investor payouts on a public blockchain for utmost security.

SI Network believes that connecting impact investing and DeFi will offer DeFi investors the opportunity to expand their crypto portfolios to include real-world assets with measurable impact. For traditional impact investors, SI Network’s DeFi protocols will maximize their investment amounts to offer higher yields than traditional markets.

Of the protocol’s vision to become the DeFi standard for impact investing, SI Network co-founder Felix H. C. Maduakor said: “The time is ripe for DeFi to become impact-driven. We need more values-driven solutions to balance out the typical pump-and-dump and rug-pull projects that damage the industry’s reputation and work against mass adoption. Social Impact Network aims to establish a sustainable project that generates long-term value by using the latest technological innovations to provide an answer to the age-old problem of profit vs social responsibility. With SI Network we say, ‘Why choose?”

To stay updated with the project, join SI Network on Twitter, Telegram, Discord, Instagram, Facebook, or Medium.

About Social Impact Network: SI Network (www.social-impact.network) is an immutable blockchain ecosystem purpose-built for impact investing. Founded in 2020, SI Network has run a pilot of its impact investing ecosystem with UNDP Lebanon. SI Network received a social innovation award from the German Federal Ministry of Education and Research and has been part of the DLT4EU and Google for Startups: SDGs accelerators.

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For more information, please email Nadja at nadja@social-impact.network.

CONTACT INFORMATION:

Social Impact Network
Nadja Bester
nadja@social-impact.network

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