• General

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

Interesting proposal, a few concerns:
-As many mentioned already, this is a bit too early for Klima to move on. Maybe this would be different a few months after launch when this has proven itself like other products on the market.
-Instead of being deterministic, to use these credits you have to rely on actions by Verra and the SPV. This obviously has centralization risks. We are not putting our trust in Circle or Coinbase here, but a project nobody heard off before with no product or cred. Again these risks are reduced later but right now feels a bit too degen for Klima to support this.
-Tbh rubbed the wrong way by people in Flow saying deterministic credits are "retired" and somehow have a worse appeal than custodian ones. This is basically spreading FUD, same FUD that bunch of people pointed towards Klima/Moss/Toucan in the past.

Two way bridge could be nice if you don't trust on-chain markets are the future, so kudos to creating an escape hatch for corporates that are shy. Ultimately for this reason I am for the project and think it can be positive for ReFi with diversity but got a lot of proving to do before I will endorse such a proposal.

My vote:

GoddessDAO Against: Do not Introduce GNT, GNT/KLIMA, and GNT/USDC bonds

    I don't see how the issuance of an unretired tokenised credit on-chain should be managed. Doesn't that mean trusting the SPV or whoever holds the corresponding unretired credit offchain? That means trusting an offchain entity, that the DAO has no control over. This is, if I understood the concept correctly, a massive single point of failure and not a very "crypto" approach.

    Since the SPV/holder of the unretired credits could literally rug all GNT Holder, one of them being KlimaDAO treasury I would vote Against.

    Pls correct if I got the concept wrong or point me to some resource, I would be happy to learn more about the concept.

    Hi GoddessDAO team,

    You mentioned that you would refrain from showing logos of your corporate partners as they won't allow you. As away around this, would you be open to summing up the highest probability commitments by your corporate partners in the short / medium term in an MOU-like doc with Klima, which would show aggregated number of offsets that would be bonded. That way you won't have to disclose names and individual purchase intentions and we in the community can get an idea of the potential size and be able to later measure against.

    Thanks a lot!

      I'd like to see a more solid organization, before KLIMA makes proposals like this. To me, it doesn't look good for KLIMA to be proposing things that are not fully baked. I get that getting on the ground floor early could be a nice opportunity, but statistically, most organizations fail and a failing token in the KLIMA treasury will not be good. It means you'll have to sustain that inflation if one of them fails, and it can be 10% of your treasury or like 50%... and that could cause significant issues for KLIMA as an organization.

      Thinking harder on what tokens are accepted into KLIMA would reflect a much more mature organization that would provide a foundational baseline for people doing due diligence on KLIMA.

      Don't get me wrong, Goddess DAO could be amazing, and getting in early could result in some tasty multiples on profit, but it also could just be a few randos who are hoping to jump on KLIMA's coat tails and ride the LP fees, while the project is hot.

      At the moment, this seems half-baked and although it could be great... we have very little to base solid confidence on this organization.

        Sirob yes - will reach out to the partnership team now to set up a call.

          classwar (Just a detail - Klima isn't proposing this, this is Flow CArbon/Goddess DAO proposing it to Klima)

              Mike_Fast Oh, that is an interesting detail that was lost on me. I wonder how many others are aware of that nuance.

                  classwar Perhaps we'll make this clear in the future, but most RFCs are from third parties that want to integrate with us.

                    Sirob Is GoddessDAO going to answer these questions or what happend to this thread? Suddenly total silence. I suppose Klima partnership team has been in active discussion with Flowcarbon so I expect that some support to partnership should be there within klima core team. In that respect I do not believe that the proposal is only from Flowcarbon even though in pure governance sense it is.

                          Alanos86 after reading all the community's feedback, Policy & Partnerships contributors circled up on Friday and are talking with Flow/GoddessDAO to see how their proposal could be tailored to address the community's voiced reservations/recommendations and align our DAOs. We hope to get back to you this or next week with an update on how to proceed (🌳,🌳)

                              a month later

                              GolanTrevize Just wanted to check on this - you had said this week or next, and its been a month. Was this resolved somewhere else?

                                  classwar sorry, I should have said get back to you "in the near term"!

                                  We are still talking with Flow/GoddessDAO around our suggestions to acceptably account for the community's above feedback and the timing of a partnership with KlimaDAO to return to the Forum for renewed community polling. Flow is also hard at work lining up their own strategic partnerships that would enhance a potential envisaged collaboration with KlimaDAO and their activity in ReFi. Stay tuned for a final update in the coming (few) weeks!

                                      Against: Do not Introduce GNT, GNT/KLIMA, and GNT/USDC bonds

                                      when launch this?
                                      definitely in favor

                                      a month later

                                      GolanTrevize I hate to be annoying, but I haven't seen this final update that was to come in a few weeks. Perhaps I missed it, but it has been a month+2weeks now since you posted that and while I totally understand shifting priorities, and delays (and the very real possibility that I missed this), it does seem we are about due for some kind of update, even if it can't be the final one at this point.

                                          classwar never annoying to ask genuine update questions about KlimaDAO partnerships 😉.

                                          So it looks like Flow Carbon's launch has been postponed to late Q2, per their Discord announcement here: https://discord.com/channels/897941820611379241/922950457360515122/958372673401012254

                                          Accordingly, the Partnerships / Policy teams in KlimaDAO recommended we wait for a definitive confirmation from Flow on their launch to complete our partnership dialogue with them, so to update our community on this.

                                          FYI following KIP-19, I'm taking an indefinite leave contributing to KlimaDAO, so please direct your questions about this partnership (or others) to @Dionysus & @syzygy going forward fren 🙂