Summary
This proposal outlines the transition of governance of the Base Carbon Tonne (BCT) from Toucan Protocol to KlimaDAO. The transition includes the transfer of administrative control of BCT carbon pool smart contracts and the rebranding of BCT tokens.
Motivation
The transfer of BCT governance to KlimaDAO is a strategic move to consolidate our position in the carbon credit market. This transition enables us to have direct control over a significant environmental asset, further aligning with our mission of driving ecological action. This consolidation is anticipated to enhance the ability of KlimaDAO to manage underlying carbon projects within BCT.
Proposal
Transfer of Control: Transfer administrative control of the BCT carbon pool from Toucan to KlimaDAO, encompassing smart contracts on both Main net (Polygon, Celo) and Test net (Mumbai, Alfajores).
Rebranding of BCT Token: Develop a new visual logo for the BCT token, removing the designation "Toucan Protocol" from all contracts and documents.
Payment for Transfer: KlimaDAO will pay 125,000 USDC to Toucan Protocol in exchange for administrative control of BCT.
Governance Approval: Implement this transition in compliance with the KlimaDAO Governance Framework, requiring a final vote of approval from the KlimaDAO community.
BCT Management: BCT was developed for the launch of KlimaDAO, and henceforth will be managed and owned by KlimaDAO. Upon passing of this proposal, the DAO wallet will be whitelisted for 0% selective redemption fees, and the protocol team will have the authority to manage the underlying TCO2’s at its discretion.
Polling Period
The conversation begins now and will be assessed for escalation to KIP by the Klimate Review Committee (KRC).