Summary
Add MCO2 as the next reserve bond asset for KlimaDAO.
Motivation
MOSS is focused on catalyzing climate action and facilitating a carbon market on-chain. The carbon token has been utilized by corporates such as SkyBridge, One River Asset Management, and GOL (a major Brazilian airline with >50 million customers in LatAm) and is listed on various exchanges, including Coinbase. We believe having multiple carbon assets and bridges will lead to a more robust on-chain carbon market and help diversify Klima’s treasury. Klima’s liquidity engine stands to empower the carbon market and we believe our supported projects and the infrastructure we have built will help expand this impact.
Proposal
MOSS Earth is a protocol that aims to tokenize carbon credits onto the blockchain, similarly to the Toucan Protocol. While Toucan allows for a wide variety of credits to be tokenized, MOSS focuses on carbon credits that come from nature-based projects utilizing the Reducing Emissions from Deforestation and forest Degradation methodology (REDD+). The ‘+’ signifies that these projects also positively impact local communities through various social and economic initiatives. All of the projects are certified via Verra, the largest and most reputable carbon verifier.
We propose to have MCO2 reserve bonds as the next asset in Klima’s treasury. Because this asset is liquid enough on other platforms such as Coinbase and Gemini, there is less of a need for the bootstrapping of liquidity to come from us. Currently, there are already over 3 million MCO2 tokens available across Ethereum which can be easily bridged to Polygon via their official bridge. For transparency, we invite you to examine the following resources:
1.Tokenization process and data
2.Latest audit report
Furthermore, to facilitate this joint partnership, the MOSS team will:
1.Bond 15k MCO2 into the treasury, and keep sKLIMA in their balance sheets.
2.Provide $1m (500k USDC and 50k MCO2) in MCO2/USDC liquidity to facilitate trading on polygon.
3.Provide $30,000 to KlimaDAO’s marketing team with the intent of collaborative marketing between us and MOSS.
Other
Previous Forum Proposal:
https://forum.klimadao.finance/d/5-request-for-comment-klima-x-moss-collaboration/153
Polling Period:
The polling process begins now and will end at 1:00 UTC on 1/3/2022. If voted in favor, a Snapshot vote will be put up shortly after, and will run until 1:00 UTC 1/6/2022.