- Edited
Summary
Add UBO and NBO as approved treasury reserve assets for KlimaDAO, and enable reserve bonds for them.
Motivation
C3 looks to establish a permission-less carbon bridge to lower the entry barrier of onboarding the traditional voluntary carbon market into the on-chain carbon market. C3 provides built-in decentralization through its system of governance token-tied gauges allocating rewards, in the style of Curve.fi. By taking in C3’s Universal Basic Offsets (UBO) and Nature Based Offsets (NBO) into the treasury, KlimaDAO takes a major step towards asset diversification. It will also gain further access to the C3 ecosystem, including potentially the UBO and NBO staking gauge rewards.
As UBO and NBO together accept most post-2014 Verified Carbon Standard and Gold Standard carbon credits, KlimaDAO looks to accelerate its rate of high-quality credit absorption by opening avenues through which they can be acquired.
Currently, the policy team prioritizes reserve bonds, as UBO/KLIMA and NBO/KLIMA liquidity pairings are already being incentivized through the C3 liquidity mining reward program.
Proposal
The policy team proposes the introduction of bonding for naked UBO and NBO assets. The UBO and NBO acquired will be counted towards the backing of KLIMA.
Links
C3 documentation: https://c3-bridge.gitbook.io/c3-documentation/
Accepted methodologies: FAQs - C3 Documentation (gitbook.io)
Request for comment: https://forum.klimadao.finance/d/23-request-for-comment-c3-klimadao-support-c3-as-a-branch-of-klimadao
KIP-15 C3 Alliance & veGovernance: https://snapshot.org/#/klimadao.eth/proposal/0xfede6077876de9777b6ecfb4fe60968c2ff5d0ceaa44178c734f957a6a630f03
Polling Period
The forum poll begins now and will end at 18:00 UTC 11/04/2022 . Assuming in favour, this vote will go to Snapshot.