It’s been done in the crypto space over defi before, and in some regards, you could consider this a fiat version of PoolTogether, but everyone wins.
The thing with Defi liquidity pools vs this is, you know what a place like PoolTogether or Curve is doing to generate revenue, by offering your liquidity for fees and generating a profit from transactions.
You sell, I dunno, MATIC for ETH, someone has to supply the ETH, someone being the pool members, and they collect the fees for the transaction. It’s just how defi works.
Banks work similarly, with firms using deposited money in the stock market, generating revenue for the bank.
You know what they’re doing. You deposit for the security and insurance a bank provides. For crypto, the yield and gains the pools provide.
For this… ?
Unless they’re more open, unless they’re really a charity and this isn’t a front, I have my doubts on the longevity of this project. Someone will always want theirs, and if it isn’t at the beginning, it will just corrupt later.