How Crypto Can Be Good for the Environment | Klima DAO
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 September 2021
⏱️ 62 minutes
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Summary
Bankless Nation, meet Klima DAO, the carbon-backed digital currency and algorithmic climate protocol.
Dionysus, Archimedes, and Oxylos join to discuss bringing environmental incentives to DeFi, using similar mechanics to OlympusDAO and the OHM token. Klima DAO plans to generate on-chain demand for carbon offsets and build a carbon-backed treasury, with the goal of driving up the price of carbon.
Who said crypto was bad for the environment? For Bankless readers, it should come as no surprise that the powers of DeFi can be leveraged to incentivize coordination around public goods.
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Topics Covered:
0:00 Intro
4:45 Dionysus, Archimedes, and Oxylos
6:35 Klima DAO & Carbon Markets
14:10 Voluntary Economy
17:45 Relationship with OlympusDAO
25:00 Tokenomics
33:33 Inducing Demand
35:02 Ponzi Games & Game Theory
42:41 Opt-In Social Incentives
46:06 Roadmap and IDO
51:52 Slaying Moloch
57:52 Closing & Disclaimers
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Resources:
Klima DAO
https://klimadao.finance/
Discord
https://discord.gg/kx4pahaFw8
Klima DAO on Twitter
https://twitter.com/KlimaDAO?s=20
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https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Hey, Bankless Nation, today I'm talking with three members of the Klima Dow. |
| 0:11.9 | Klima is a fork off of Olympus Dow, which is a Treasury backed algo stablecoin, but |
| 0:18.2 | Klima has repurposed that same model to help sequester carbon out of the environment. |
| 0:24.1 | This is a climate focused Dow that is generating a currency that is backed by carbon credits. |
| 0:30.1 | So it's one part offering financial exposure to carbon credits, which have been a fantastically |
| 0:36.7 | performing asset in 2020. |
| 0:39.0 | And from what I've gathered, this is an asset that as carbon gets more and more expensive, |
| 0:44.4 | which the trend is that it does get more and more expensive, this Treasury asset by |
| 0:48.4 | Klima Dow also in theory would go up in value. |
| 0:52.0 | This project is tackling the idea of making carbon production extremely expensive, while |
| 0:58.3 | also allowing nonprofits or companies that actually sequester carbon and actually earn |
| 1:04.9 | carbon credits that make them more valuable. |
| 1:07.3 | So it's just net positive in the sense that it disincentivizes carbon production and |
| 1:11.2 | incentivizes carbon sequestering. |
| 1:13.8 | This project really gets me excited because it's one of the core foundational principles |
| 1:18.5 | of crypto that we can coordinate at larger scales than nation states, because nation states |
| 1:24.0 | aren't solving the climate problem. |
| 1:26.3 | Maybe they can help mitigate it, maybe there's some efforts that's happening, but in terms |
| 1:29.5 | of actually like really turning this whole climate change thing around, I think it's going |
| 1:33.2 | to take coordination scales that are larger than what we've currently have, which has always |
| 1:38.0 | been why crypto has been so exciting, like coordination around larger problems. |
| 1:43.3 | And that's what I see coming out of Klima Dow. |
... |
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