Check out these exciting projects utilizing tokenized carbon credits on the Celo blockchain — from #NFTs & decentralized climate investing to #DeFi applications & #ReFi indexes! 🧵
1/ @celostrials is integrating NCT into their NFT collection, so that Celostrial holders can carbonize their aliens and earn climate activity rewards with them
Celostrials is also working on an open source, green ERC721 standard
4/ @ReturnProtocol empowers you to offset all of your on-chain activity on autopilot:
1️⃣ Store the Return offsetting NFT in your wallet 👜
2️⃣ Set your offset preferences on the Return dashboard 🎚
3️⃣ Transact as normal and let Return do the rest 😎
6/ @senken_io addresses issues in the VCM by leveraging #web3 to create an on-chain carbon credit marketplace for auditable climate action
This includes features like an orderbook DEX, corporate profile pages & an easy, web2-friendly login senken.io
7/ @EthicHub lets you quickly generate social impact: Improve the living standard of small farming communities by investing in their projects, buying their coffee, or providing liquidity for their loans
10/ @Plastiks_io uses a smart contract approach to merge NFTs with real plastic recovery data. This sets a new standard for traceability in plastic production and recycling
We're excited to work with Plastiks & will share more details soon!
11/ @ReSource_Fi is a decentralized, regenerative economy fuelled by local resources and human potential.
It's an Open-Source cooperative without a central party
We're exploring different ways to partner with ReSource — stay tuned for more info!
Attention, #web3 builders 🛠️ — the OFFSET HELPER is a cool example of how we can integrate climate action in the way we interact on-chain 🌿
But what does the Toucan "Offset Helper" do? 🧵
1/ The Offset Helper packs the process of swap → redeem → retire into one simple transaction
It makes it super-easy to offset the carbon footprint of wallets or smart contracts
Confused? Let's look at what exactly this means 🔍
2/ Retiring carbon tokens on the blockchain requires multiple interactions with Toucans infrastructure:
1️⃣ Obtain a carbon reference token, like $NCT (ie on @Uniswap@0xPolygon
2️⃣ Redeem NCT for the underlying tokenized carbon credit (called TCO2)
3️⃣ Retire the TCO2 token
@KlimaDAO might introduce inverse bonds. What are they, when could they come into effect, and how can they impact the #ReFi ecosystem and on-chain carbon market?
We'll dive into the good, the bad & the ugly 🧵
@KlimaDAO 1/
A bit of context: KlimaDAO is by far the largest holder of tokenized carbon, with +18m tonnes locked away in their treasury
Carbon gets sucked into KlimaDAOs treasury via bonds
But if inverse bonds for tokenized carbon are introduced, it won't stay in there... 👀
@KlimaDAO 2/
Inverse bonds are KlimaDAOs way to protect the value of its currency, $KLIMA
They could be launched if KLIMA trades below intrinsic value (IV)
- 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
We - as humanity - need to significantly scale up our carbon removal game. And we need to do it really fast. Otherwise, we won’t be able to prevent the most destructive outcomes of the climate emergency
Here are 7 promising carbon dioxide removal (CDR) solutions
A 🧵
1/
1️⃣ Forestation
Our forests are responsible for removing nearly 30% of human CO2 emissions annually. Forestation could remove 4-12 giga-tonnes of carbon/year
It's important to keep in mind that stopping deforestation is more effective than a reforestation project
2/
For carbon offsetting, 4 types of forestation projects matter:
Today, @VerraStandards made a public announcement addressing crypto instruments and tokens. 3 key pieces of news affect the Toucan Protocol
Let's dive in 🧵
@VerraStandards 1/
Verra
1️⃣ prohibits further bridging of carbon credits on-chain
2️⃣ explores a path to tokenization by introducing an “immobilized” state into their registry
3️⃣ launches a public consultation to create the best carbon market system
@VerraStandards 2/
First, we want to highlight that we welcome this announcement from Verra, which comes after a lengthy dialogue and close contact between Verra, multiple other carbon market stakeholders and us