Learn how to join Bybit's VIP Program, where you can realize exclusive benefits — from up to 50% off trading fees and tailored interest rates to instant OTC trades up to $10M.

With the Bybit VIP Program, you can realize exclusive benefits — from up to 50% off trading fees and tailored interest rates to instant OTC trades, Bybit Card cashback and more. Joining the ranks of the very best traders on the platform will boost your profitability, raise your limits and offer access to VIP-only perks.

 and guides you through the steps to become a VIP trader and unlock exclusive benefits. Let's get started!

 is an exclusive club for the most esteemed traders in the crypto market. It’s designed to provide members an enhanced Bybit experience with numerous VIP-only benefits and perks. The program aims to reward avid traders who have high volumes, account equity levels and borrowing activities.

The Bybit VIP Program offers a multitude of benefits for members. These range from discounted trading fees and high limits for withdrawals and application programming interface (API) trades to priority Bybit customer support access, relationship managers and exclusive VIP events and meetups. You can find the full list of VIP exclusive benefits 

Requirements to Become a Bybit VIP Trader

You’ll need to fulfill a specific level for one of the criteria below to become a VIP trader on Bybit:

Bybit's VIP Program features six distinct tiers: 

. Each successively higher tier offers greater rewards, and also comes with more stringent qualification requirements. For instance, as a 

 trader, you’ll enjoy reduced trading fees, such as 0.03% for makers and 0.045% for takers in the spot market. To qualify for this exclusive tier, you must meet at least one of the following criteria:

Once you become a VIP trader, you must continuously meet the above criteria to maintain your Bybit VIP status and keep enjoying the benefits. 

However, this doesn't mean your account will immediately lose its VIP status and revert to standard after a single day in which you don’t meet the requirements. Bybit offers a 14-day grace during which you can continue enjoying VIP perks and benefits, even if you no longer meet the program's conditions. If the criteria are not met by the end of this period, your VIP status will automatically be revoked. However, if that occurs, you can regain your status by fulfilling the requirements for any VIP tier either during or after the grace period. When this happens, Bybit will grant you a new 14-day grace period.

How to Sign up to Become a Bybit VIP Trader

In the following section, you'll find a step-by-step guide that shows you how to join the Bybit VIP Program.

The first step to becoming a VIP trader is to open a Bybit account (if you haven't already done so). Simply 

 and fill out the form with your details. After registering, you’ll need to verify your account to enjoy the platform's full functionality.

Next, fund your Bybit account with crypto or fiat currency.

You can deposit cryptocurrencies by using the 

 menu. On the page, choose your desired coin and the blockchain where you'll be depositing the assets. To avoid any loss of funds, please always ensure that you're transferring crypto from the correct chain.

Next, copy-and-paste the wallet address displayed on the page, or scan the QR code with your smartphone's camera, and initiate the deposit from your wallet. After a few confirmations, your cryptocurrencies will be credited to your Bybit account.

To fund your Bybit account with fiat currency, click on the 

 button and select one of the available services (e.g., 

 service, choose a fiat currency, the deposit amount and one of the available payment methods. After clicking on 

, follow the instructions displayed on the next pages to initiate the transaction. Your funds will be credited to your Bybit account, with processing times varying according to your chosen service and payment method.

After you have a verified Bybit account funded with either crypto or fiat, perform eligible activity on the platform until you qualify for VIP status (see table below).

You can achieve VIP status by fulfilling a minimum level of VIP 1 in either of the following categories (

After becoming a VIP trader on Bybit, don't forget to maintain your VIP status to continue enjoying the exclusive perks and benefits.

If you have active VIP status at another crypto exchange, or your total MT5 trading volume meets Bybit's VIP criteria, you can apply for a VIP+2 upgrade. This upgrade will grant you VIP status on the platform — and instantly elevate it by two levels. (Please 

 that Bybit only considers 10% of any MT5 forex trading volume.)

 and submit your 30-day trading volume on your current exchange. Bybit’s VIP team will review your application, and a Relationship Manager will contact you if you're eligible for the VIP upgrade.

How to Get Started With a 20-Day Bybit VIP Trial

Another way to qualify for VIP status on Bybit is through a 20-day trial. Instead of fulfilling the requirements of the VIP 1 level, simply fund your account with $50,000 to enjoy the exclusive benefits of the program for 20 days with a VIP Trial Card (issued one day after your deposit). The VIP trial offer is available to users who haven't used a trial within the past two months.

To unlock the 20-day VIP trial, head to the 

 menu on Bybit and use one of the available payment methods to fund your account with $50,000 in assets.

With VIP Level-Up Tasks, you can earn generous bonuses as high as 6,000 USDT. You can claim rewards for Level-Up Tasks for five VIP levels (VIP 1, VIP 2, VIP 3, VIP 4 and VIP 5), with higher tiers offering greater bonuses upon completion.

If you're eligible, you’ll see a pop-up window with VIP Level-Up Tasks after you log into your account. To claim your rewards, complete the specified trading volume requirement within 14 days of receiving the task, and click on the 

 page. You can learn more about Bybit VIP Level-Up Tasks

Exclusive Trading Benefits Offered to Bybit VIPs

As a member of the Bybit VIP Program, you can unlock exclusive benefits to supercharge your trading experience. Among these are discounted trading fees (which can significantly boost your trading revenue), profitability and chances of winning trades.

In addition to discounted trading fees, you’ll also enjoy substantially higher API trading and withdrawal limits. While the former is restricted to 10 trades per second for non-VIP users, you can take advantage of up to 120 API trades per second as a VIP trader. Simultaneously, your daily withdrawal limit is increased from the basic 1 million USDT to as high as 12 million USDT.

 is an exclusive club that provides an enhanced service experience for the most esteemed traders. As a member, you can access a multitude of exclusive benefits and perks, such as the following:

Are you ready to supercharge your trading experience? 

Intermediate

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How to Become a Bybit VIP: Your Guide to Exclusive Benefits

LETSTOP is a drive-to-earn mobile app that monitors phone distractions while driving. Learn more about how it works in this article.

Smartphone distractions have created an unprecedented road safety crisis worldwide. 

: texting behind the wheel makes drivers six times more likely to crash than drunk driving does — yet millions of drivers still use their phones while operating vehicles.

This article explores how LETSTOP is transforming safe driving into rewarding experiences through blockchain technology. We'll examine its drive-to-earn model, reward system, tokenomics and potential as both a road safety solution and an investment opportunity.

 is a drive-to-earn mobile app that monitors phone distractions while driving. Users earn STOP tokens for phone-free driving through a gamified system that transforms daily drives into rewarding experiences.

A life-changing car accident caused by a distracted driver running a red light inspired LETSTOP co-founder Almog Nissan to reimagine road safety. Together with co-founder and CEO Dor Levy, they envisioned rewarding safe driving, rather than just punishing dangerous behavior.

The founders built a platform that combines automotive technology, cryptocurrency and AI to revolutionize road safety through rewards. This innovative approach has quickly gained traction, with over 50,000 users logging over 3 million kilometers of safe driving since the app’s launch.

Distracted driving claims thousands of lives annually, with 

, of which 9% are directly linked to phone use. LETSTOP aims to tackle this crisis as follows:

Each of these objectives works harmoniously to support LETSTOP's ultimate mission of transforming road safety into a rewarding experience that benefits both individual drivers and society.

The LETSTOP app operates through a sophisticated system that monitors and rewards safe driving through the following apps and features:

The result is a dynamic system in which better driving habits unlock greater earning potential.

The following five core features power LETSTOP's drive-to-earn ecosystem.

LETSTOP uses a dynamic 40-level system to make safe driving rewarding. As drivers earn XP through distraction-free journeys, they advance from Level 1's 2% bonus toward Level 40's 70% boost. Through this gamified approach, daily commutes become opportunities to climb the ranks while building safer driving habits.

LETSTOP Credits are the core currency of the platform, earned directly through safe driving achievements. Earning rates directly scale with user level, vehicle type and subscription tier as follows: PRO subscribers enjoy unlimited earning potential, while PLUS and LITE tiers are capped at 300 and 150 monthly credits, respectively.

In the STOP Store, users invest their earned credits into virtual cars with unique earning multipliers. From the basic model's 2% bonus to the Jazzster GN's 150% boost, each vehicle offers different strategic advantages for maximizing rewards.

Beyond vehicles, the store features mystery boxes containing rewards from 10 to 450 credits, as well as car upgrades and subscription boosts. Users can also access a voucher marketplace to redeem credits for real-world rewards through LETSTOP's partnership network.

LETSTOP's triple-boost system combines vehicle multipliers for immediate earnings acceleration, a level-progression system for sustained growth and a 5% referral program for community expansion. Premium membership unlocks enhanced benefits across three tiers, while special events create time-limited opportunities for increased rewards.

The platform's comprehensive rewards system operates across three membership tiers, each one tailored to different user needs. LETSTOP PRO (at $9.90 monthly) offers unlimited credit earning potential and exclusive benefits. The PLUS tier provides a balanced option at $4.90 monthly with a 300-credit earning cap, while the free LITE tier allows users to earn up to 150 monthly credits.

Beyond direct earnings, the rewards system incorporates partner vouchers, cryptocurrency conversion options and community features, such as leaderboards. Achievement rewards recognize milestones in users' safe driving journeys, while the upcoming cryptocurrency integration will allow users to convert their efforts into tradeable STOP tokens.

LETSTOP has shown consistent progress, with the following key milestones already achieved:

Looking ahead to 2025, LETSTOP plans to implement the following key developments:

These developments aim to strengthen LETSTOP's position as a leader in drive-to-earn while furthering its mission to enable safer roads worldwide.

STOP is an SPL token built on the Solana network. It’s designed to bridge safe driving behavior with cryptocurrency rewards. The STOP token implements an annual halving mechanism to ensure long-term value preservation, similar to Bitcoin's model, but accelerated to align with the project's growth trajectory.

STOP has a max supply of 100 million tokens, to be distributed in the following manner:

The growing adoption of LETSTOP's drive-to-earn app and its impact on road safety directly influence STOP's price trajectory. While cryptocurrency forecasts remain speculative by nature, multiple price analysis platforms project the following for STOP:

These forecasts suggest a positive long-term outlook for STOP, driven by the growing drive-to-earn sector and LETSTOP's innovative approach to road safety. However, STOP's future value will ultimately depend upon user adoption, platform development and broader market conditions.

Looking to trade LETSTOP tokens? Bybit now offers the STOP/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

STOP shows promising potential in the drive-to-earn sector, though investors should carefully weigh both its strengths and potential risks before making investment decisions.

While STOP's innovative approach to road safety and its strong initial traction distinguish it in the market, potential investors should 

 and invest no more than they can afford to lose.

As smartphone distractions continue to endanger lives on roads worldwide, LETSTOP offers an innovative path forward. Through its innovative drive-to-earn model and STOP token ecosystem, the platform transforms daily commutes into safer roads and user earnings opportunities, showing how digital innovation can effectively “drive” positive behavioral change.

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LETSTOP (STOP): Turning Daily Rides Into Profitable Journeys

FDUSD, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD.

The S&P 500 ended flat amid mixed earnings and geopolitical concerns, as investors awaited Thursday's data and Fed commentary. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.01%, with Bitcoin rising by 1.91% and Ether dropping by 0.59%, in the past 24 hours.

Today's top performer is LUMIA, which surged 16.1% following the announcement of its partnership with Cobox to bridge real-world assets and virtual ownership.

Lumia (LUMIA), founded in 2024, is a Layer 2 blockchain solution leveraging the Polygon CDK to enhance scalability, liquidity, and interoperability. It addresses challenges like data availability and cross-chain interactions by incorporating AvailDA for decentralized data and Polygon AggLayer for cross-chain functionality, enabling efficient and flexible dApp development. 

 to integrate real-world assets (RWAs) into its immersive, player-owned universe. This collaboration aims to enhance asset liquidity, trading, and gameplay experiences, bridging digital and physical realms for more tangible and vibrant virtual ownership.

Check Out the Latest Prices, Charts, and Data of 

, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD. This launch reflects growing institutional confidence in Sui, which has seen significant growth in TVL and DeFi volume. FDUSD, backed by reserves in Asian banks and US Treasury debt, offers DeFi users a reliable, US Dollar-pegged stablecoin, bridging traditional finance and cryptocurrency ecosystems.

Yesterday, the total flow into Bitcoin Spot ETFs is $146.9 million, with $0 million in GBTC and $146.9 million in non-GBTC products.

: the Spotlight Badge, which requires minting through the Spotlight Protocol and joining a Spotlight circle; the Impossible Finance Badge, which involves completing social tasks, claiming the TIDIA faucet, staking TIDIA on Impossible Finance, and then claiming the badge; and the SNGLR Badge, where users connect their wallet, follow artists, mint IP assets, tweet, and provide personal details to claim their badge. More badges are coming soon!

Beginner

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FDUSD Launches as Native Stablecoin on Sui, Strengthening DeFi Ecosystem

Morpho (MORPHO) is an efficient Ethereum-based protocol revolutionizing decentralized lending with customizable peer-to-peer and pool-based solutions.

Liquidity pools have revolutionized decentralized lending and borrowing by offering a wide choice of product options and significant liquidity levels. For several years, protocols like 

 (COMP) have been lauded as true innovators that introduced a real game-changer: pool-based lending and borrowing. However, a closer look reveals that things aren’t as efficient and smooth as they may seem within the world of crypto lending. The problem is that lending pools on decentralized protocols often have mismatches between lenders and borrowers, with the former substantially outnumbering the latter. As a result, lenders earn only meager 

s, while borrowers pay exorbitant fees to access funds via these pools. Another critical problem is the lack of customizability in lending and borrowing products, with many protocols adopting a one-size-fits-all approach.

Morpho (MORPHO) is a decentralized protocol on 

 (ETH) that aims to improve the efficiency and flexibility of crypto lending and borrowing by offering a unique model that combines the elements of 

 (P2P) and pool-based matching of lenders and borrowers. To be precise, one of Morpho's essential products, Morpho Optimizers, specifically focuses on P2P matching, with pool-based lending and borrowing used as a fallback option. Morpho also offers users an excellent level of customization for creating new lending markets through its core protocol.

With its innovative lender-borrower matching mechanism and highly customizable and flexible markets, Morpho greatly improves capital allocation and transaction efficiency in the 

 (MORPHO) is an Ethereum-based decentralized lending protocol that offers a unique P2P order matching mechanism to improve the efficiency and affordability of 

 The platform also enables users to create efficient lending markets with highly customizable lending and borrowing parameters. Additionally, it offers a product, Morpho Vaults, for curated lending at varying risk levels.

, a France-based software development company founded in 2021 by Merlin Egalité and Paul Frambot. It's also supported by the nonprofit 

As its first major product, the project launched Morpho Optimizers on the Ethereum blockchain in 2022. Morpho Optimizers is designed as an add-on solution for lending pools on Aave and Compound to help match individual lenders and borrowers. The transacting parties can benefit from a more efficient lending process than with the default pool-based mode.

In January 2024, the project launched Morpho Blue, later rebranded to Morpho, a solution to help users create highly flexible lending markets with custom parameters and options. Morpho acts as the backbone of the Morpho ecosystem, and the project team has turned its focus to promoting and further developing this product. At the same time, Morpho Optimizers remains an integral part of the platform's core offering, albeit in a less prioritized state than Morpho.

The Morpho protocol consists of three main products — Morpho, Morpho Vaults (based on the underlying protocol) and the legacy Morpho Optimizers. Morpho allows users to create individual lending markets by specifying their preferred options for the following key attributes:

All these parameters are highly customizable, with minimal interference from the Morpho governance mechanism. Some parameters do have to conform to certain requirements; e.g., the IRM and LLTV must be from the list approved by the protocol's governance.

Morpho's high level of customizability is a significant departure from the typical model used on decentralized lending and borrowing platforms. On most other protocols, there are fixed parameters governing the lending and borrowing process; e.g., only certain collateral assets, lending assets or LLTV rates are allowed. In contrast, Morpho lets you customize all of these options, giving lending market creators an unmatched degree of freedom. The protocol offers the following key benefits to users, developers and market operators:

While Morpho is currently the platform's flagship product, the legacy Morpho Optimizers continues as a key offering in the platform's product line. Morpho Optimizers are add-on layers to the Aave and Compound lending pools. They can be used to facilitate a peer-to-peer match between lenders and borrowers. Since typical lending pools — including on platforms like Aave and Compound — are often heavily skewed with more lenders than borrowers, both parties end up paying excessive fees. Borrowers have to confront high costs due to the need to service the many lenders in the pool. In turn, lenders fight for the meager scraps left over from insufficient numbers of borrowers.

By using a P2P matching mechanism, Morpho Optimizers effectively takes the lender and borrower away from pool-based interaction and establishes a direct relationship between them. This allows users to borrow assets at cheaper rates, while also delivering better APYs for lenders. If either party withdraws from the direct lending relationship, both parties have the option to use the standard lending pools on Aave and Compound as a fallback.

The platform's third core product, Morpho Vaults (covered in more detail below) utilizes the underlying protocol and provides a way to lend through carefully curated market options at different risk profiles. This can suit lenders who are less proficient in using fully customized markets, but still prefer to take advantage of the lending opportunities offered by Morpho.

In order to create a custom lending market on Morpho, you need to have some technical proficiency and, preferably, knowledge of Solidity, the programming language that the protocol uses for its smart contracts. As noted earlier, developers can create a custom market by supplying five base parameters — a collateral asset, an asset offered for lending, an oracle, a preferred IRM and an LLTV. The first four of these normally require an Ethereum smart contract address to be specified. For the collateral and lending assets, these are the addresses for the tokens' contracts. The selected oracle is also usually established via a pointer to its smart contract address, although oracle-less hard-coded prices for the collateral and lent assets are acceptable. Morpho also maintains Ethereum addresses for each IRM whitelisted by the protocol's governance; developers can use these when choosing a preferred IRM.

The last value, LLTV, is a hard-coded figure that defines the threshold beyond which a loan becomes unhealthy due to its poor 

. Liquidators on Morpho are protocol actors who are incentivized to cover bad debts in return for collateral, similar to the method used on many other lending platforms. They’re allowed to liquidate up to 100% of the debt. In return, liquidators receive the debt's collateral, as well as an additional incentive for their work.

Since Morpho is an oracle-agnostic protocol without a built-in oracle, each market can have its own oracle that sources prices for the collateral and lending assets from external sources. Developers are completely free in that regard, and can even hard-code asset prices for the market if they don't wish to use a price oracle at all. Naturally, an oracle is preferred for maintaining the most up-to-date and dynamic pricing information.

The IRM used is the only base parameter with which developers are somewhat restricted in their choice, as only whitelisted IRMs are allowed for a market. As of mid-November 2024, there’s just one whitelisted IRM that market creators can specify — the 

. This model dynamically adjusts interest rates to maintain the proportion of borrowed funds to supplied funds at close to 90%.

Morpho Vaults are a tokenized vault product that offers curated lending opportunities with varying pre-programmed risk parameters. Each vault is associated with a single loan asset, and can allocate deposits across multiple Morpho markets, thereby leveraging the overall liquidity available on the Morpho protocol. Morpho Vaults suit lenders who prefer predictable risk management over the uncertainty of completely custom markets. Each lender can earn APY rates commensurate with their chosen 

There is no limit on the number of vaults you can open on Morpho. Thus, you might even allocate funds to different vaults with significantly different risk levels to diversify your exposure.

Morpho Vaults' curated nature eliminates the need for users to spend time researching and evaluating individual markets' risk levels and return opportunities, as risk exposure is actively managed by the vault.

Since the vaults are connected to the underlying protocol, and source liquidity from it, they’re dynamically rebalanced, which helps optimize yields. Thanks to their permissionless and immutable nature, the vaults are also completely transparent. Moreover, they’re noncustodial, granting users full control over their deposited assets, which can be withdrawn at any time.

A lender deposits an asset into a Morpho Vault and receives shares of the vault as confirmation of their investment. The vaults themselves are tokenized products utilizing Ethereum's 

 standard, designed to represent tokenized vaults for yield-bearing assets. Each vault may be owned by a 

 (DAO), an individual DeFi expert or some algorithm maintained by a DeFi platform. A vault can be owned by only one entity. The owner may specify additional roles/entities for managing the vault. These roles can include one curator, one guardian and multiple allocators.

The curator is a party who sets certain limits, rules and boundaries for the vault, such as specifying asset supply limitations and enabling/disabling specific markets. Curators are instrumental in maintaining appropriate risk levels for their vaults. Assets that lenders lock in a vault are supplied to the protocol's underlying markets, based on curators' whitelists. There can only be one curator for each vault.

The role of guardian is a key vault position. A guardian protects the integrity and security of the vault. Guardians can revoke any action by the vault owner (or other entities) if they consider it to be against the interests of vault lenders. Each vault can only have one guardian, typically a DAO consisting of vault depositors.

Allocators are protocol actors whose job is to rebalance the liquidity utilized by Morpho Vaults to optimize interest rates and accessible liquidity. An allocator’s job is to rebalance and optimize the total liquidity, either manually or using bots, to best meet the needs of Morpho borrowers.

Morpho Vaults' operations aren't regulated by the protocol's governance mechanism. Each vault owner is responsible for their vault's governance model. Specific roles, such as the curator and the guardian, are designed to help in establishing transparent and secure governance procedures for a vault.

What Is the Morpho Crypto Token (MORPHO)?

The platform's native cryptocurrency, MORPHO, is envisioned as a 

. Holders of MORPHO have the right to participate in decision-making on the platform's future direction, general rules, deployment of smart contracts and allocation of funds from the treasury. Although Morpho promotes lending and borrowing markets that operate with minimal interference from the protocol's governance community, there are some general guidelines and rules through which the community needs to establish certain standards, minimum requirements or whitelists. MORPHO token holders are instrumental in this process.

The original MORHPO token was launched on Ethereum in June 2022 with a supply cap of 1 billion. However, there were limitations to the original token contract that negatively affected its functionality. Specifically, the token wasn't designed to facilitate efficient on-chain voting. As a result of these limitations, the project decided to relaunch the token, now on an upgraded contract. The new reincarnation of MORPHO will offer better functional capabilities, including more efficient on-chain governance processes. 

As of the time of writing on Nov 17, 2024, the project team has yet to deploy the new token. The new MORPHO will also be a supply-capped crypto, with a maximum and total supply of 1 billion. The token's supply distribution shares are shown in the chart below.

 token before its market launch. Bybit Pre-Market Trading is an over-the-counter (OTC) trading platform that provides access to promising new cryptocurrencies before their listings on the Spot market. The key advantage of the platform is the ability to access cryptocurrencies at desirable rates before the broader crypto market affects their prices.

Bybit's carefully designed curation process ensures that only crypto assets with solid potential and fundamentals are whitelisted for Pre-Market Trading. This saves you the time required to investigate each cryptocurrency, and reduces the risk of investing in scam projects. Naturally, you’re also encouraged to 

 on crypto assets you might consider purchasing through Bybit Pre-Market Trading.

Morpho represents a unique and potentially highly effective approach to DeFi lending and borrowing. The platform's facilitation of isolated and highly customizable lending markets gives DeFi users unmatched freedom in terms of choice and variety. In addition, users who prefer the stability of curated and well-defined risk profiles can take advantage of Morpho Vaults for more predictable yields. The use of the overall underlying protocol liquidity along with entities such as allocators makes Morpho Vaults particularly effective at optimizing lending and borrowing costs.

While custom lending markets launched via the protocol are now Morpho's key focus, the legacy Morpho Optimizers also continue to offer value. P2P matching of lenders and borrowers as an add-on to the standard pool-based mechanism is a functionality many DeFi users will find helpful. Morpho Optimizers can offer lenders and borrowers active on Aave and Compound an alternative and highly effective way of conducting their operations.

With this arsenal of innovative and unique products, the Morpho protocol is quickly shaping up as a leading platform in the lending niche of the DeFi industry.

Advanced

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Morpho (MORPHO): Leading Efficient, Permissionless Crypto Lending

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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 DAO: A Web 3.0 Step Toward Charity by Kimbal Musk

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