The Celo Foundation, Climate Collective, and Toucan Collaboration Deepens to Bring ReFi to the Masses | by Celo Foundation

The Celo Foundation is committed to scaling up the Celo community’s efforts to reverse climate change through Web3 technology.Continue to coordinate efficient and effective climate change responses and build the Celo blockchain of Home to Regenerative Finance (ReFi), as founders and developers look to fight climate change, the foundation is strengthening partnerships with climate collective long-term joint partner Toucan protocol.

Toucan, Infrastructure Provider Planning to expand to Celo Through Polygon, we are already responsible for bridging a significant portion of the world’s voluntary carbon credits into the decentralized Web3 financial system in order to bring transparent climate action to the 6 billion smartphone users worldwide. I’m here.

For Polygon-based ReFi projects, Curima Dao, has demonstrated the ability of blockchain technology to help fight climate change. The future of tokenized carbon credits is multi-chain. Toucan has chosen to leverage Celo’s mobile-first, carbon-negative blockchain as it helps fulfill his Toucan mission of funding the best climate crisis solutions.

of Toucan high-level roadmap how to work with Celo and the Climate Collective to stabilize our climate, Four main objectives are outlined.

1. Create a Celo-Polygon bridge. Work with a Blockchain Solution Architect curve labToucan launches a bridge that allows users to move native tokens. base carbon ton (BCT) and tons of natural carbon (NCT), between Sero and Polygon.
2. Deploy the Toucan protocol to CeloOnce the bridge is functional, Toucan will launch on Celo and provide full functionality to the entire Celo ecosystem. This includes features such as access, depositing pools, and deprecating TCO2 (Tokenized Carbon Credits). Redeem BCT and NCT for Carbon Tokens and more held in pools. Importantly, developers will be able to integrate his Toucan technology into their projects.
3. We propose to add BCT and NCT to the Celo Reserve. Toucan will submit a proposal to the Celo Governance Community over the next few weeks to purchase the BCT and NCT tokens. Cello Reserve — Portfolio of assets backing Celo’s native stablecoin. Adding BCT and NCT to the reserve will increase demand for Toucan tokens and deepen liquidity in Celo’s naturally backed asset market.
4. Launch a new ecosystem grant programThe Celo Foundation and Toucan will establish a grant program aimed at increasing the number of ReFi projects in the Celo ecosystem.

Several projects have already committed to leveraging the combined capabilities of Toucan’s infrastructure and the Celo blockchain.

• Senkena platform for the development and trading of carbon tokens will soon be launched.
• Return procedurecreator of non-fungible tokens (NFTs) to offset on-chain carbon emissions.
• solid worldis a Decentralized Autonomous Organization (DAO) that funds high-quality carbon projects.
• Eden Daoa DAO designed to accelerate carbon removal and help create wealth for future generations.

The Celo Foundation looks forward to supporting these projects and others that may emerge as a result of Toucan bringing its ecosystem to Celo.

The Celo Foundation’s mission to build a global financial system that creates the conditions for prosperity Charles Eisenstein.his book sacred economics Money may be the cause of some of the world’s ills, such as alienation, competition and scarcity, but it may also help societies transition to a more connected and sustainable way of life, he argues. doing.

Its potential to solve a wide variety of systemic problems using money and blockchain/cryptotech, as well as foundation co-founders Rene Reinsberg, Marek Olshevski, and Sep Kamber It’s also embraced by entrepreneurs and developers building on Celo who believe in it. Including those caused by climate change. The concept of using money to create positive change in global communities and reverse climate change has come to be called Regenerative Finance (ReFI).

Thero, October 2021 climate collective Founded to support ReFi efforts and inspire climate-conscious contributors around the world to build on Celo and help grow the Celo ecosystem. A community-driven initiative, the Climate Collective fights climate change by regulating demand for the Celo stablecoin (now cUSD, which tracks the value of the US dollar). cEUR to track the value of the euro. cREAL tracks the value of the Brazilian Real and works to protect the planet. As the demand for these stable assets grows, so does the proportion of naturally supported assets allocated to reserves. The Collective’s goal is to diversify its natural asset allocation and increase it to 40% by the end of 2025.

Read below to learn how the Celo Foundation, Climate Collective, and Toucan are working together to accelerate regeneration applications using Celo’s carbon-negative blockchain and mobile-first infrastructure. Toucan Carbon Ecosystem Comes to Cerro.

Read below for a detailed explanation of the benefits of integrating carbon markets with blockchain technology. Scaling voluntary carbon markets via open blockchain platforms, A recently published white paper written by cLabs Partner Slobodan Sudarich; Jake Leraul, Legal Partner at Celo Foundation; Seth Baruch, CEO of clean energy consultancy Carbonomics, said:

For more information about the Climate Collective and grants available to developers, please visit: https://climatecollective.org.