Week of 8th July 2022. Here's your intelligence brief on the tokens and markets that are contributing to growth of the Tokenised Earth Economy and relevant to ReFi.
FOMC meeting minutes reflected participants’ concern about rate increases having the potential for a “larger-than-anticipated” impact on economic growth.
📈Reference Markets over the past week
BTC
The OG of cryptos
+7.1%
$21500
What happens when all 21 million BTC are mined? See this thread from Reddit in 2011!
ATOM surges on Thorchain announcement! Trade ATOM for Native BTC on Thorchain.
OSMO
Yield Farming on cosmos
+13%
$0.89
Membrane is launching on Osmosis in September. Membrane is a CDP (collateralized debt position) protocol that produces an asset with dampened volatility (like RAI) instead of a pegged stablecoin.
The enDAOment program is an initiative to bestow 30% of $REGEN token holding power to marginalised communities addressing socio cultural issues in ecology, economics and tech. Read more about the first cohort of participants here!
IXO
The Layer 1 for Refi Projects
-11.8%
$0.04
Check out this great podcast episode with Citizen Cosmos and the ixo team, illustrating the ixo vision and ecosystem.
CELO
Seigniorage stablecoins collateralised by crypto and natural assets.
Catch up on this Twitter Space where they spoke to Craig Wilson, lead at Celo! "How do we get more climate people that are crypto-curious to dedicate their time & energy to the space? How do we demonstrate that it is a valuable space to be in?" -@CGeoffWilson
DOVU
Moving carbon from the sky into the soil.
-12.9%
$0.004
Connect to their carbon calculator to make it easier than ever to offset your crypto carbon. Try it here.
📉DAO Shares over the past week
ℹ️ Remember that DAO’s with a rebase mechanism should be valued on their treasuries, and market cap increases are a more important metric than token prices, as high yields try to outpace price fluctuations.
KLIMA DAO
Carbon Credits as its treasury
-0.6%
$3.18
Treasury:
18,131,600 TONNES CO2
Klima Infinity is an ever-growing ecosystem, including Polygon, who have retired 104,794 tonnes of tokenised carbon credits. Every Polygon network transaction - whether an NFT mint or DeFi swap, is carbon neutral.
Olympus DAO
The largest DAO built on Ethereum
+7.4%
$14.32
Treasury:
$219 million
They are proposing a three-pronged partnership with Aura Finance. Learn more about the proposal, and join in on the discussion here.
Gitcoin DAO
GTC - Platform to find meaningful open-source work
-13.8%
$3.30
Read the first edition of their new Gitcoin Grantee Showcase, a new production of GitcoinDAO’s content marketing team. First highlighted grantee is RicMoo (Richard Moore), author of ethers.js.
PrimeDAO
DeFi Tools DAO
+2.1%
$0.28
Create an open proposal on Prime Deals to get connected with your potential partners and start testing the waters. Partnering with other DAOs is a great way to flourish in Web3!
Earth State Snippets
Collective Intelligence. Diving into the ideas of composable local control, Kevin Owocki interviews Diya Siddarth and Raymond Zhong of Verses, and this is a conversation that challenges old paradigms!
This episode might change how you feel about institutions and a few new vocab words like subsidiarity and preconfiguration. Take the green pill anon.
Low-Carbon Sushi. KlimaDAO and SushiSwap will enable traders to offset the carbon emissions of their exchange transactions on the Polygon network. A governance proposal outlining the partnership closed this week, with over 99% of vote support.
Nigerian forest comes on-chain. The Worthy Association for Tackling Environmental Ruins (WATER) is an NGO that helps manage the Ekuri forest in Nigeria. Open Forest Protocol has launched this community-based forest project as a new "project operator," with 20,000 hectares that will be transparently monitored through their platform.
Present and future generations remain grateful to OFP for showing Ekuri the solution in carbon financing - Godwin Akamo.
Earth State change is unstoppable, and so is the evolution of the crypto market!
Join the weekly Earth State Twitter Space every Tuesday at 15:00 UTC, where we discuss what's moving in ReFi and the Tokenised Earth Economy.
This article is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. For tax advice talk to your accountant. DYOR – Do your own research.
Samuel Haig
