Klima DAO to Make an Impact on Climate Change
One of the main issues in the world today is climate change.
Klima DAO, a decentralized autonomous organization (DAO) and DeFi protocol, aims to encourage emissions cuts by pushing up the price of carbon assets.
Carbon dioxide knows no borders, nor do the impacts of global warming. The only way to tackle global warming is by mobilizing action at the global scale. The market is the best solution we have at our disposal to achieve de-carbonization of our existing economic activity, and to retrospectively capture and store the carbon we have already emitted, at the scale required.
— Klima DAO
How Can we Solve this Problem?
To properly value carbon, we have to properly integrate a carbon market with the market. Additionally, there also needs to be a rewards system for both participation and influence.
Where else would be the perfect place to integrate these markets other than Web3 itself. Web3 is a place where there is sufficient liquidity to have impact at scale, where smart contracts can securely and transparently govern transactions, and where contributions can be fairly incentivized.
Why Klima DAO?
Klima DAO gives Web3 builders and users the opportunity to participate in the carbon market through the KLIMA token. $KLIMA tokens are:
- Fungible: per the ERC20 token standard
- Backed: by at least 1 tonne of tokenized verified carbon offsets locked in the Klima DAO treasury*
- Useful: holders of KLIMA will have the ability to vote on Klima DAO policy
Klima DAO serves the role of “de-central” bank, governing the monetary policy of this new carbon-backed currency, just as a central bank governs the monetary policy of a fiat currency. Eventually, Klima DAO can build an economy around KLIMA through adoption and scaling of the crypto-carbon economy.
By developing Klima DAO on transparent and open-source infrastructure, participation from Web3 developers, carbon projects, and climate experts are invited to both build this new economy, and be rewarded for their contributions.
Klima DAO provides users a way in tying climate action directly to economic benefits for users — the more KLIMA tokens you own, the more carbon you’re locking away, and the more returns you’re making through staking.
For more information about how Klima DAO works, visit here.
DeFiDocs is an all-in-one platform that connects aspiring students to the world of DeFi through the application of courses, valuable project methods, and a learn-to-earn method. By providing users access to informative and educational DeFi content, we minimize the gap between previous generations of networks and Web 3.0.