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 polling process begins now and will end on Thursday, February 15th. Assuming the forum proposal is approved, it will advance to Snapshot.

Continue with transition of BCT?

This poll has ended.
5 days later

As was stated in this KIP 'BCT was developed for the launch of KlimaDAO' and so it feel likes this brings things full circle. I'm excited for the potential of a more closely integrated BCT in the KlimaDAO tech stack.

Hi, have you agreed to buy the BCT governance?

10 days later

quick question

presumably this should allow KlimaDAO to remove or change the fee for selective retirements of BCT?

That would perhaps make this a cost savings - enabling more rapid revenue generation by getting more BCT retired in the near term.

    Another question

    What would be the plan for BCT pools administered on other markets / networks today? Klima owns the majority of BCT - but there's some across various other carbon markets and Celo

    Do we think this a new revenue stream of any significance at all?

      ryfleisch Not really bullish on Celo.

      Market there is all third-party, non- protocol owned liquidity.

      No explicit plans to augment or expand on that

        13 days later
        a month later
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