Difference between revisions of "Klima DAO"

'''Bridging Carbon Credits on-chain'''

Regenerative projects in the real world help remove the greenhouse gases from the atmosphere using reforestation and other regenerative techniques. These projects create an equivalent amount of Carbon credits available on the market through a verification process agreed upon by the voluntary market.  

These carbon credits are then tradable and are utilized by large companies to offset their carbon footprint by purchasing them off the market. Thus, indirectly funding these projects. However, the current carbon market lacks the liquidity to sustain efficient trading.  

'''Bonding'''  

Klima DAO uses the bonding mechanism from Olympus DAO; that is, they provide $Klima at a discount to anyone who bonds their on-chain carbon credits with their protocol. The users get cheaper $KLIMA, and the protocol grows their treasury of Carbon Credits which is used to back the value of the Klima token.