• General

  • Request for Comment - Flow Carbon/Goddess DAO X KLIMA Collaboration

ashishpatel Also I HIGHLY doubt they're certified by Verra, so not really sure what the point of supporting this proposal to even a VOTE is, given that a) verra hasn't approved anyone since their notice last month, how is this DAO going to plan to NOT only bring things on chain, but a 2 way bridge to take things OFF chain?!?!

      Hey, a few questions:

      1. How does the unwrap work? Suppose you have 10 projects in the treasury, then how will u link the wrap of the token with underlying carbon?
      2. All the credits need to be of at max 5-year vintage. What will happen to the credits that remain in the treasury even after 5 years have passed. Do u release them back to the market?

        GoddessDAO For X3

        AGAINST (Until future date when DAO is operational)

        What are benefits of "unretired credits" to a corporation?

        Is it akin to having your credit extended on a credit card i.e. you haven't cut up your credit card instead as long as you make monthly payments you keep your allowance?

        Retired Carbon Credit is:

        Unretired Carbon Credit is:

        EDIT: Just went through your resources and it's WAAAAAY too early for partnership at the moment - the credits aren't even on-chain yet and your website shows no hint of formal partnership with any 3rd parties - no bridge and any attempt to purchase a credit links to an internal mailto 🥴

          anyone know what the motivation is to prioritize the flow carbon/goddessdao partnership? i'm not suggesting it's a bad idea but they seem very very new (ie they haven't done anything yet). the team at flow carbon seem smart but also a bit inexperienced? would just like to know more about it all (and as someone else pointed out, moss is much more of known quantity so seemed like a no brainer in comparison).

          GoddessDAO hello, I’m
          In favor of all good integrations. someone posted this below as well and my question concern is about whether isn’t that too early for this integration? That is, GNO token seems not to be in existence, DAO is not existence, pre sale of tokens with investment limit of 10k usd, no collab contract with Verra. I mean, partnerships will be key for Klima and the project but we must be selective the partners or have a view and reasons from the partnership team why we choose this path given all consideration.

            GoddessDAO

            A valid concern in our discord:
            "Hey everyone, regarding GNT, it's kind of odd to put out a proposal this early isn't it? We're talking about a project, that hasn't even launched yet, is still doing pre-sale for tokens, asking for 10k USD minimum investment, and their discord is bare, along with about a 100 twitter followers. Compare this to MOSS, which is a project alrady existing, and is out there.
            on top of that, they haven't even finalized their contract with Verra (they're in "bilateral" agreements according to the discord)"

            I am personally against going forward with this proposal at this point in time. Perhaps later we can revisit this, in the meantime of course we support what Goddess DAO is doing and we hopefully partner in the future when both projects are more developed

                The 2 way bridge technology is great and I would love for Klima to bring these tokens into our treasury... in the future when they are live and when we can start bonding as soon as a vote passes. We need to onboard credits, not promises thereof.

                Phoenixfire I concur. Ambitious project if it happens but first step is for them to formalise agreements and actually get some carbon credits on-chain (with high liquidity)

                  jasonstevanhill I will be in contact with Flow Carbon to sort this out. But please, don't focus on small things. let's not forget that will can be formed in many ways, and a smart contract can has obligations even in real life. I will write on this :-)

                    D_NKN_T Great questions!For a 5% fee you can select a specific GCO2 to unwrap. Or for free you can unwrap whatever is up next for retirement, which is the oldest vintage.

                    the 5 year rolling vintage is for what can be added to the token, ie in 2023 you will only be able to add 2018+ vintages. When users retire GNT, off-chain we will retire the oldest vintages in the pool.
                    So it is possible for there to be vintages in the pool that are older than 5 years but not for long, as they will be retired out.

                      This looks like another solid innovation in the world of carbon bridges that KlimaDAO aims to stimulate. Whitelisting Goddess DAO can ensure KlimaDAO continues to catalyse the integration of the legacy market with DeFi. Doing 'burns' on-chain to achieve off-chain retirements is a nice touch that begins positioning DeFi as the place to manage carbon assets and retirements. Enabling flows on-chain/off-chain will be key in integrating the markets; when legacy participants start to understand the liquidity and efficiency of the Web3 markets, they will stick around.

                      Executing on this partnership after the recent MCO2 proposal that just passed enables KlimaDAO to quickly diversify and build on the quality of the assets in the treasury. This is in line with KlimaDAO's Vision, per: https://klimadao.medium.com/klimadao-an-introduction-f55571986c

                      Some carrots in there for KlimaDAO too, marketing budget, pools on Polygon. Particularly interested to see how the Klima Infinity opportunity can be leveraged here.

                      Question:

                      • "Retail and corporate can purchase direct on Flow's site"... But can existing players/intermediaries simply use the bridge (I assume so, but its not clear on the proposal)?
                      • Is there already a date for GNTs to go live?

                      Look forward to the AMA!

                        GoddessDAO oh ok - now I understand. So when you lock the GCO2 tokens up in the contract it'll create multiple GNT tokens.

                        So when a single VCU is taken out of a bundle, is a GNT burned?

                            I like what you guys are bringing to the table and to this space. But I got some questions.

                            How are you guys organized?
                            It is my understanding that Flow Carbon is an NYC-based LLC. So who are the owners of this LLC? Any other companies, or just the employees/individuals?

                            Moving on, you plan to establish the Goddess DAO, and this will govern the protocol. What will then the relationship be between the two? The LLC has a very centralized governance structure, opposed to the whole concept of a DAO. So how will these two entities work together?

                            Next, you stated previously that the DAO will be set up as an offshore entity. How will this be done to ensure that it is following the principles of a DAO? Meaning not being registered with some central governance functions.

                            Lastly, to the third-party managing the SPV. Who is this "professional third party"? (If you can not disclose it because of legal reasons that's okay) I would just like to check out how will me managing the off-chain credits.

                            Overall I like what you are offering. And based on your LinkedIn profiles you look like a very professional, well-educated team, so I look forward to your response to my questions.

                              GoddessDAO Another important step forward for the on chain carbon market diversification. We want to make sure this adds value to Klima and is a balanced deal. Starting with the naked bonds first seems the way to go given the recent Klima treasury policy change proposal (KIP8). I can understand though if this proposal is delayed until there is further development and execution from Goddess DAO. (edited)

                                0xy_Moron Thanks for your questions!! The bridge is open to all to use. Flow will be providing off-chain services that will be built onto of the open-source protocol governed by GDSS - such as buying carbon offsets with a credit card.
                                We are aiming to launch in the next couple weeks as we finalize our agreement with VERRA.

                                  KlimaMag Thanks so much for your thoughtful questions!

                                  As I think previously posted, Flow will provide services to customers (corporate and retail) using the open-source protocol governed by GDSS. Flow will also engage in project origination and project finance to develop new carbon credits that will be brought across the GDSS bridge.
                                  These are activities that anyone, can engage in. We hope that by developing an open-source protocol for carbon trading on-chain, a large number of new entrants can enter the space to provide the off-chain services needed to spread the adoption of offsetting. For example, an individual working out of his home, with a metamask wallet and a laptop, can now become a carbon offset services provider helping local businesses in her town offset their carbon footprint.

                                  I hope to have more to share shortly on the exact legal framework that will be used to govern the DAO. But we are employing a general framework of a foundation governing a DAO that has been used before by other DAOs.

                                  Let me get back to you on if we can disclose the manager.