FAQ

What are parametric conditional donations?

Parametric conditional donations are similar to parametric insurance, where funds are automatically disbursed when predefined conditions are met. For example, a donation might trigger if rainfall in a region falls below a drought-indicative threshold, providing swift financial support to those affected. Conditional donations operate transparently with clear conditions, ensuring rapid aid without costs to beneficiaries.

How can I participate in a campaign?

To join a campaign, ensure you have a browser wallet like Metamask installed and funded with the campaigns payout token (USDT, USDC or RLUSD) and the respective network token (e.g., ETH on Ethereum, MATIC on Polygon, ARB on Arbitrum). Simply visit the campaign page, choose your donation amount, click "Donate," and confirm the transaction in your wallet. You may need to approve the transfer initially, allowing the underlying smart contract (DIVA Protocol) to manage the donation assets on your behalf.

For web3 newcomers, here’s a brief setup guide:

1. Get a wallet: Install a browser wallet like Metamask to manage transactions on the blockchain. A detailed installation guide is available here.

2. Fund your wallet: Since DIVA Donate operates on the Polygon network, you'll need MATIC tokens for transaction fees and USDT for donations. You can acquire these assets by asking your friends or exchanging them for your local currency on a crypto exchange.

What is DIVA Protocol?

DIVA Protocol is a highly flexible and universal blockchain based operating system to create and settle derivative products. DIVA Donate is utilizing DIVA Protocol to manage the donations and their release in a programmatic and predictibale manner, eliminating the need for trusted centralized intermediaries.

What is an oracle?

An oracle is a service that provides real-world data to a blockchain-based smart contract like DIVA Protocol. It retrieves and verifies data from external sources and relays it to the blockchain for use in executing the terms of the smart contract. Oracles can be centralized or decentralized; the latter are typically more secure but may be more complex or costly to implement.