Published Mon May 02 2022
We’re excited to announce that KlimaDAO—a project bringing tokenized carbon credits to the forefront of Web3—has integrated Chainlink Price Feeds on Polygon mainnet. By integrating the industry-leading decentralized oracle network, we now have access to reliable price data feeds that can help us securely offer gOHM/KLIMA bonds to users. Ultimately, this integration helps enable KlimaDAO to further align itself with Olympus DAO and provide a robust liquidity rail for the KLIMA token.
KlimaDAO is a black hole for carbon at the center of a new green economy. By incentivizing users to participate in the carbon economy, KlimaDAO increases access to, and demand for, carbon offsets. This is accomplished by offering a variety of bonds, in which users can bond carbon-based tokens that are then introduced into KlimaDAO’s treasury—a tool for accelerating the development of deeply liquid carbon asset pools.
As a central piece of the fast-growing green economy, KlimaDAO benefits from additional liquidity and further integrations with projects in the larger DeFi ecosystem. The introduction of gOHM/KLIMA bonds – as proposed by KIP-4 / KIP-4a – represents a low-friction way to add additional liquidity and utility to KlimaDAO’s token while aligning and sparking interest between both communities.
However, in order to securely offer our users gOHM/KLIMA bonds, access to high-quality, decentralized price data feeds that can accurately track the price of gOHM are required. KlimaDAO incentivizes the purchase of bonds through arbitrage-ready discounts, and a decentralized price data feed helps ensure that discounts are accurately reflected.
Chainlink Price Feeds are the most widely used price feeds in the blockchain ecosystem, and feature multiple layers of decentralization. They offer a multitude of mission-critical features, including:
“Chainlink Price Feeds are a crucial piece of infrastructure for some of DeFi’s most prominent protocols. By using Chainlink Price Feeds to support KlimaDAO’s bonds, we’re giving users peace of mind that the bonds are accurately calculated and that their underlying price data has not been manipulated.”— Dionysus, KlimaDAO core member.
Chainlink is the industry standard for building, accessing, and selling the oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
KlimaDAO is a decentralized autonomous organization (DAO) focused on increasing the cost of carbon emissions to disrupt the carbon markets. By accelerating the price growth of carbon assets, KlimaDAO strives to motivate companies to reduce their emissions. KlimaDAO currently holds over 17 million tonnes of CO2 in its treasury, equivalent to 86,265 hectares of forest, 3,750,662 cars (annualized), and 512,237,524 liters of gasoline. There are over 60,000 KLIMA holders or “Klimates”, 40,000 users in the KlimaDAO Discord, and 70,000 KlimaDAO Twitter followers.
The information provided in this blog post pertaining to KlimaDAO (“KlimaDAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. KlimaDAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and KlimaDAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. KlimaDAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither KlimaDAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, KlimaDAO undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.