Any recent / good updates / thinking on nature-based currencies?
Besides Open Earth paper what nature-based or nature-backed (land-backed) currency concepts have you seen or like?
@LuukDAO where are you with Kolektivo?
We have been working on $ENSURE which is based on the STOCKS & FLOWS of Natural Capital and would love to compare notes.
BTW we have deployed $ENSURE on Celo. You can read about how it works as part of the BASIN Protocol here.
We will be bootstrapping liquidity over the next few months. DM me if you want to provide liquidity; happy to send you the ENSURE side of the pair!
Hey @tmoindustries!
Didn’t see your initial post - sorry
I am stoked to see you launched ENSURE on Celo; I went through the blog you shared and, as always, am impressed with the depth at which you have modeled these systems.
What do you see as the biggest hurdles for growing Certificates of Ensurance adoption? Is it buyer education that’s missing, or are there still elements you feel we need to iterate on?
Regarding Kolektivo, we went from a highly nature-data-driven approach to a “human action” driven solution.
Through our pilots in the Caribbean, it became clear that the levels of abstraction (for example, the introduction of Ecocredits) were too theoretical to get a serious foothold in the community. Most of the local funders (especially SMBs and Corporations - traditionally the biggest funders of the volunteer economy in the Caribbean) want to see the impact happen but measure it through the lens of human input.
We’re working with Unicef Ventures to build a Climate Action solution and participating in SuperHack 2024 to build an optimistic local action infrastructure.
The first goal would be to make it engaging and rewarding for locals to take action and operate onchain. Over time, as Ecocredits become more standardized and adopted, the initiatives will gravitate towards environmental development/protection, which proves more rewarding.
We see ways to incentivize specific climate initiatives even before these markets mature. In the past, we issued dozens of micro-grants and have learned that even small funds can have an outsized impact. In addition, initiatives such as UltraGreen money can help drive demand for onchain native eco-credits.
In parallel, we hope to make progress on tokenization frameworks. Once credit and activity revenue can be appropriate for a specific Natural Capital Asset, we will have a clear low-bound valuation for it—and at that point, we can start using it as collateral for (local) currencies.
Thanks for building in public, and calling me out to share updates! Let’s keep iterating in public, we’ll figure this out together in the next decade <3