AndrewSaul

  • Jul 8, 2024
  • Joined May 27, 2023
  • In RFC: KLIMA FOUNDATION

    I don't think this is a necessary move. The Cayman Islands is not an ideal place if you want to strike deals with large organisations for carbon credits. The place is red hot in terms of regulators and law enforcement in all major jurisdictions in the world due to the high percentage of criminal activity permitted within the country.
    Headquartering in the Cayman Islands will likely block KlimaDAO from working with a number of organisation due to the regulatory sanctions many places have. It also doesn't look very good.
    Legit businesses do not incorporate in the Cayman Islands.

  • In KIP-49: Liquidity Rebalancing - Redeem a Portion of KLIMA/USDC

    Have you considered moving to concentrated liquidity on Polygon POS?
    You'll need far less capital for the same efficiency.
    Gamma is probably the best. Manages the Uniswap v3 pool for you.
    https://docs.gamma.xyz/gamma/

    CEXs don't really offer much potential for promotion. It all depends if users are signed up to them. Uniswap is huge and their v3 pools cab see very high yields (because of the capital efficiency) which is a good promo in of itself.

    Another player on Polygon offering concentrated liquidity is KyberSwap.
    https://docs.kyberswap.com/liquidity-solutions/kyberswap-elastic

    There's a lot of liquidity out in defi. By having high performing pools you will get on all sorts of analysis tools and apps.

  • In KIP-47: Integrate Regen Network Credits

    I'm broadly behind this, but I'm also a $REGEN staker and I'm not completely sure what the benefit to the REGEN Network (i.e., $REGEN stakers like me) is for transferring CCs off that chain and onto Polygon to retire them in KlimaDAO.

    Could someone please explain that trade off to me in more detail? Thanks

    • In KIP-43: Coorest - Digital Environmental Asset Liquidity Program (DEALP)

      optima Sushi is less and less a good idea. It's becoming clear that place is winding down. I would be surprised if if it was still operating come early next year.
      You might want to investigate a pool on Uniswap Polygon as that is a much safer bet as goes DEXs. Or maybe some internal pool on the 1inch network (though your volume will be the issue there).

        • In KIP-46: Centralized Exchange Liquidity - Rebalancing KLIMA/USDC

          Why are we worried about CEX liquidity? These are walled gardens. If you bolster the liquidity on Polygon (via the main Uniswap pool) then anyone can access that liquidity. Do you have enough liquidity to deploy across multiple CEXs?

          You have to transfer anything you buy on a CEX to a self custody wallet to interact with KlimaDAO, at that stage why wouldn't someone just use USDC, USDT or MATIC?

          Which CEX/s is KLIMA even on? As far as I know it's a very niche token in regards to CEXs.

          • In KIP-43: Coorest - Digital Environmental Asset Liquidity Program (DEALP)

            Where is the LP going to be held? And where are CCO2 tokens currently living? Polygon POS?

            • In KIP-38: DAO Funding Request for H2 2023

              Whilst I'm broadly supportive of this, I'd like to see the team shift the marketing strategy.

              From personal experience at multiple companies, conferences and community events are a low ROI. Whilst necessary to some extent, and I'm not discounting these entirely, I have never seen these ever work out in the short to medium term (which where we are now) to grow a product or project. Least not if that project was reliant on actual earned revenue and not entirely funded by grants.
              The grant hamster wheel is to be avoided in my (limited) experience.

              What we do have in defi is a still vibrant ecosystem that is looking for more utility for the tools that are being built.

              What is the team's plans to tap into the defi and web3 ecosystem for revenue growth?

              For example we're starting to see projects spring up that enable protocols to run a validator on a network (aka Marinade Finance's Directed Stake on Solana https://marinade.finance/blog/introducing-directed-stake-with-mSOL/) and harness their crypto community's existing assets to grow the protocol and return value to their participants.

              There is definitely a desire amongst the broader public to utilise carbon credits. The genius of KlimaDAO has been to offer a way to participate in that isn't a 100% cost. There's a longer term investment element here via staking. Staking makes a lot of sense to non-crypto people; it's easy to understand.

              Is there a roadmap as to the broader adoption of sKLIMA across the defi ecosystem as a defi primitive?
              Is there anything on the roadmap planned to expand the functionality of sKLIMA as yield bearing token?

              I would be supportive of proposals to provide liquidity incentives to help speed further adoption. Partnership with up-and-coming web3 gaming and social dapps (Lens Protocol is soon to go open access for example and it's already on Polygon POS) I think should be a key point on the marketing and user acquisition roadmap.

              • In KIP-37: Integrate Coorest’s CCO2 into Carbonmark and Retirement Aggregator

                What is the plan should the traditional registries not come back on board? Is there enough momentum in the digital carbon space to not need them?

              • In KIP-36: AKR Realignment

                This seems sensible given the market conditions. It probably always should've been a market rate anyway. Any idea on when the traditional registries will be coming back on board with instruments like KlimaDAO?
                They likely risk being left behind given the developments since in the space and the ones coming up.