I voted against. I don't want my investment into Klima go to bootstrapping another carbon bridge. I welcome diversification to minimise risks and will vote yes to neutrally onboard C3 when they've actually proven themselves. This proposal doesn't favour Klima. It's actually the other way around. We're investing in a (so far) unproven startup and there are serious risks involved.

    flippi from my understanding C3 will donate 10% of the supply of C3 tokens to Klima, and this vote is about deciding what we should do about that asset that we have been donated to us. Thus, not yet a question about what to do with the funds in our current treasury.

    That said I believe C3 to be a very promising project and would support further collaboration e.g. through creating liquidity pools based on their carbon offset tokens.

      flippi Klima needs another carbon bridge to so that it can increase treasury diversity. Also, traditionally there are many different types of carbon credits, the ReFi space will also need this to support adoption and to incentivize innovation.

        Fantastic proposal and very for it. This is a necessary step toward the expansion and legitimization of ReFi. I'm excited for the opportunities that C3 will bring to the space.

        _NN_ this is why we think it's so important for KlimaDAO to play an active role in C3's decentralized governance process: we can exert influence on C3's decisions for the benefit of KlimaDAO and the broader ReFi ecosystem by voting with the treasury's veC3.

          I only see upside in Klima having a voice in the governance of various bridges. I am glad to see C3 follow the positive example of Moss in allocating a good share of governance tokens to the ReFi liquidity engine. Hopefully this inspires Flow and Toucan to follow suit.

          flippi

          Hi Flippi.

          We do not want to ask KlimaDAO of anything. We agree that KlimaDAO should not spend resources on us. I will quote on the RFC what we asked from KlimaDAO:

          "What we require from KlimaDAO:
          Nothing. No initial liquidity, no initial partnerships, no initial bonding. We simply want to be viewed as a friendly ally to the Klima Ecosystem. Our goals are the same: to accelerate climate action and drive demand for carbon credits."

          Thank you.

            flippi I realize the KIP-15 proposal was long, but there appears to be a misunderstanding. Klima is not (so far) "investing" in C3, and as such, there are zero risks involved, except to the (rather) limited time & effort we will spend assisting C3's launch and development.

            Again, you can see late in the proposal that: "To be clear, this proposal does NOT include enabling bonds of any C3 assets. Bonding for C3 assets will be proposed in a later KIP, should this proposal pass favorably. It is expected that before this subsequent KIP will be put forward, C3 will have launched successfully and demonstrated demand for their assets in the initial days following launch."

            Therefore, we even stipulate that bonding will be considered once C3 has initially proven themself, as you wish.

            All in all, C3's RfC is generously favorable to KlimaDAO. As for your point about "neutrally onboard[ing] C3", it would be helpful for you to refer to the "Counterpoint" section of the proposal, where this is specifically qualified & mitigated as well.

            Should you still have any qualms, please stop by our Policy informal chat tomorrow Tuesday at 5pm UTC to talk more about KIP-15 🌳,🌳

              _NN_
              What is the "Toucan Scenario" you're referring to?

                GolanTrevize I am all in favour of this proposal. We need to expand and secure the number of bridges on-chain as soon as possible. C3's cryptoeconomics are really cool and designed to become radically permissionless. I really hope we see exponential growth in on-chain carbon demand and supply as the project comes into its own.

                  A shout out to C3 for showing Klima that they understand the value of Klima and know we can make each other successful in the future! Let's ship this!

                  Keep in mind, this does not ask that Klima deploy any capital! We have been given 10% of C3's governance tokens and simply have to determine if we will deploy them in C3's protocol to direct more emissions to Klima-containing gauges and allows Klima to engage in the governance of C3 protocol.

                  Klima must put NOTHING up for this other than time/energy.

                  Ship it, bay bee!

                  flippi

                  I see this as all positives on Klima side with no risk of downside. Worst case C3 is unsuccessful and we have some worthless tokens in our treasury. It would be different if this was proposing C3 token bonding or C3 carbon token bonding right out the gate. It will be interesting to watch how the C3 emissions can bootstrap their own carbon token liquidity without needing Klima seeding/bonding liquidity early on.

                  I think the ve emission based C3 token is going to bring more activity in the space, something we desperately need. Without the bonding churn from Klima right now ReFi has very little activity, so I'm game for anything that encourages that.

                    19 days later
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