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

Mellow it's totally different. Goddess tokens are unretired offsets, meaning they are live assets that fully retain their off-chain value, and can be retired by the token holder. This also means they are usable by corporations, who will not buy retired carbon offsets. Lastly, the first pool of GCO2 tokens are higher quality, nature-based only which is what corporations will buy and there are already corporates and companies lined up to buy the token for their offsetting.

    Mellow We are set up quite differently than Toucan. Our credits remain un-retired when they came on-chain. So far we have not seen a DAO to govern the Toucan bridge.

    sig Klima Infinity is in development which provides carbon custody and continuous carbon offsets as a service for organizations wishing to invest in Klima as an instrument in their sustainability plans and/or as a native green asset for their decentralized finance (DeFi) activities.

    A GNT token held in the treasury or by anyone cannot be retired so long as it is held. In order for an off-chain retirement to take place, a GNT token has to be removed from circulation first.

    Yes! A two-way bridge is great new feature by which we hopefully gain some additional FUD resistance.

    Although it's not clear to me how the market will value GNT tokens since these combine the value of the underlying carbon credits as well as a premium for DAO governance. This also means that their value might be a lot more volatile than BCT. What about bonding in times of high GNT valuation? Is "paying" such high premium a risk for Klima DAO?

      sig What is Klima Infinity?

      It's a program we're launching to incentivize long-term carbon custody and offsetting through the underlying tokenized carbon value growth of $Klima. It'll include important aspects such as an opt-in public pledge standard, a footprint v. carbon assets dashboard as a service and some other useful tools/incentives to help organizations on their journey to publicly offset their negative externalities. Stay tuned 🌳

      a two way bridge is a must! great invention guys!

        GoddessDAO
        I can see how being an offshore entity can be good for all the legal stuff. But won't it go against the purpose of the DAO? If it is a legal entity that would mean that someone (one individual or more) would be in control. And the rest of us would have to trust that these people do what the DAO decides. Or is it set up another way? Please enlighten me

        Are the GNTs all consistent in the volume of GCO2 tokens included in the bundle (are some GNTs bigger than others)? If not, how does KLIMA plan on accounting for GNTs of varying carbon tonnage?

          flowgirl thanks for the explanation! I get it now. Thats actually bullish af. 😃

          I really like this. A two-way bridge will help Klima function as a versatile centre of the carbon market.

          Am I right in concluding that bridging lots of retired carbon credits on chain (the current situation) is great for pushing up carbon prices but does not necessarily encourage buyers to venture on chain - but bridging un-retired credits (this proposal) will help with this? My thinking is that if credits become scarce off chain then buyers may see opportunities on chain to purchase - helping the on chain carbon market’s adoption.

          If so then it could really help with Klima’s discovery and adoption phase of the roadmap.

          Cheers!

            In favor. This is great.

            Question - do the GNT-funded projects have additionality? Diversifying and increasing carbon credits in the treasury is important, but we also should be looking to increase quality.

            Thanks!

            THC Thanks!!! We've worked super hard on it 🙂