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Millions of Dollars To Be Handed Out Per Year – No Strings Attached – As US City Launches New Guaranteed Income Pilot Program

A US city is launching a guaranteed income pilot program that will disperse millions of dollars per year to families living below the poverty line. Billed as the “first-ever cash prescription program” in Kalamazoo, Michigan, the Rx Kids guaranteed income pilot program has allocated $10 million to help pregnant and nursing mothers financially during the early stages of a baby’s life. Selected participants will receive a one-time payment of $1,500 after 16 weeks of pregnancy and $500 every month for the first 12 months of the baby’s life. Enrollment for Kalamazoo’s guaranteed income program kicked off on February 12th. The monthly payments will stop after the baby’s first birthday. “Rx Kids is available to all City of Kalamazoo pregnant people and babies born on or after Feb. 1, 2025. Participants can sign up during pregnancy or until a child is six months of age. Cash prescriptions will start at the point of enrollment. There are no income requirements or strings attached. Families are free to spend their Rx Kids dollars as they see fit.” The Kalamazoo guaranteed income pilot program has raised $10 million so far and the amount is expected to help run the project for two years. The program was started by the Michigan State University Pediatric Public Health Initiative in partnership with Poverty Solutions at the University of Michigan. It is administered by Give Directly, a nonprofit. A similar program by the same organization was launched last year in Flint, a city located northeast of Kalamazoo. Rx Kids director, Mona Hanna, says, “When Rx Kids launched in Flint one year ago, the goal was to prove that we could successfully build an efficient and effective program to not only bolster family financial security and improve maternal and infant health outcomes, but to also share this ready-to-go program with communities across our great state.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Millions of Dollars To Be Handed Out Per Year – No Strings Attached – As US City Launches New Guaranteed Income Pilot Program appeared first on The Daily Hodl . CoinOtag

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Why DeFi Projects Could Be Ready to Outperform: Kaiko Research

Bitcoin (BTC) took the spotlight from the rest of the crypto market in 2024, but the Trump administration is quickly changing the rules of the game and a rotation into other assets could end up happening, according to crypto data firm Kaiko Research In fact, the decentralized finance (DeFi) sector isn’t looking too bad, Kaiko research analysts Adam McCarthy and Dessislava Aubert wrote in a new report. The company’s DeFi index (KSDEFI) has outpaced ether (ETH) since the instrument’s inception in October 2023, bringing in roughly 75% returns in that span of time. That’s remarkable considering that most of the protocols included in the index are built on Ethereum. “This outperformance may persist into the latter half of 2025, as several assets within the index benefit from strong tailwinds,” the report said. “This trend highlights the decreasing correlation between the DeFi index and ETH over time, as the decentralized finance sector continues to expand beyond the Ethereum ecosystem.” The index is composed of 11 DeFi tokens, the most heavily weighted being UNI, AAVE and ONDO. At least four of these tokens have powerful tailwinds for the rest of the year, the report said. For example, regulatory developments in the U.S. may open up possibilities for decentralized exchange Uniswap and decentralized lender Aave to implement fee switches for each of their respective tokens, meaning that protocol fees may end up getting distributed to UNI and AAVE holders. Tokenization protocol Ondo Finance, for its part, will likely benefit from an acceleration of the tokenization trend as Wall Street keeps wading deeper into crypto, the report said. “Regulatory constraints in key markets have been a significant hurdle [since 2020], but they are only part of the challenge. DeFi has also faced structural issues, including high user friction due to fees and security concerns. However, with regulatory scrutiny easing, the sector now has abundant opportunities for growth,” the report said. CoinOtag