Discover and read the best of Twitter Threads about #CarbonBridges
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Everyone in #ReFi has been talking about #CarbonBridges since the @VerraStandards announcement came out last week
Bridges connect the legacy carbon market with #Web3 carbon market infrastructure
How does an ideal bridge look, and how do we get there?
Let’s dive in 🧵
Bridges connect the legacy carbon market with #Web3 carbon market infrastructure
How does an ideal bridge look, and how do we get there?
Let’s dive in 🧵
@VerraStandards 1/
An ideal bridge is a two-way bridge where carbon credits can freely flow between the off-chain and the on-chain world
Whatever is bridged on-chain can be bridged back, anytime and autonomously ↩️
The bridge should be deterministic and won't need a custodian
An ideal bridge is a two-way bridge where carbon credits can freely flow between the off-chain and the on-chain world
Whatever is bridged on-chain can be bridged back, anytime and autonomously ↩️
The bridge should be deterministic and won't need a custodian
@VerraStandards 2/
This has a few key benefits
- Everyone can take advantage of arbitraging opportunities
- This creates more trading volume in carbon markets
- Bridgers feel more comfortable bridging because the tokenization isn't irreversible
This has a few key benefits
- Everyone can take advantage of arbitraging opportunities
- This creates more trading volume in carbon markets
- Bridgers feel more comfortable bridging because the tokenization isn't irreversible
