diff --git a/notes/klimadao.finance.md b/notes/klimadao.finance.md index 1029c68..15450d1 100644 --- a/notes/klimadao.finance.md +++ b/notes/klimadao.finance.md @@ -3,7 +3,7 @@ launched: nov 2021 medium: --- -# Klima +# KlimaDAO Summary ![](/assets/klimadao-home-20220119214836.png) @@ -13,78 +13,6 @@ medium: > > Through the KLIMA token, we will maximize value creation for our community and create a virtuous cycle of growth. Eventually, the KLIMA token (each backed by real, verified carbon assets) will function as a truly sustainable asset and medium-of-exchange, with real planetary value. -# Commentary +## Analysis -Looks like the algo stable coin part isn't going so well. Similar to [[dao/olympusdao.finance]] - -![](/assets/klimadao-price-chart-20220123211825.png) - - -# Analysis v2 - April 2022 - -**UPDATE: 2022-05-06. Extensive conversation with KlimaDAO team yielded this summary** - -[![klimadao-mechanics-and-logic-according-to-klimadao-2022-05-06.excalidraw](/excalidraw/klimadao-mechanics-and-logic-according-to-klimadao-2022-05-06.excalidraw.svg)](/excalidraw/klimadao-mechanics-and-logic-according-to-klimadao-2022-05-06.excalidraw.svg) - -Entire Deep Dive episode on KlimaDAO released: [collective-action-problems-and-climate-change](../notes/collective-action-problems-and-climate-change.md). Here's the drawing we did. - - -[![drawing-2022-04-07-20.37.42.excalidraw](/excalidraw/klima-dao-analysis-2022-04-07.excalidraw.svg)](/excalidraw/klima-dao-analysis-2022-04-07.excalidraw.svg) - -### More notes - -Understanding how it works ... - -https://docs.klimadao.finance/klima-dao-ecosystem - -* BCT = "Base Carbon Tonne" - > The BCT (Base Carbon Tonne) — KlimaDAO's reserve asset — is a carbon offset index token representing a basket of different tokenised carbon tonnes starting with `TCO2`. [https://docs.klimadao.finance/klima-dao-ecosystem] - -### What is the price of the BCT - -Since the BCT is what they hold in the treasury and provides the core "intrinsic value" it is important to understand what it's price is. - -* Klima DAO’s current capture cost is ~8 usd/tn (the price of BCT tokens) [https://hristovbz.medium.com/klima-dao-for-apes-degens-ogs-195af0b4cd0b - Nov 30 2021] -* This seems low see e.g. this post from KlimaDAO itself https://klimadao.medium.com/carbon-markets-retail-offset-pricing-4eab0f6196c0 which includes this graphic - - ![](/assets/Pasted%20image%2020220407210614.png) - -# Analysis v1 (first pass Dec 2021) -https://docs.klimadao.finance - -* It takes significant work to work how this actually works ... (is it like [[../notes/diatom.fund]] which has a relatively clear diagram ...) -* (I think) Klima tokens are minted when they buy carbon offsets and store them in the treasury - -## The Problem (with some very dubious analysis) - -> We generally consider that the market itself is rational, and assume that it values things in a perfect way. We ignore the paradoxes in front of us everyday. Water, a necessity for life is essentially free across (much of) the world; diamonds have no real utility for us, yet in the free market they are priced exorbitantly, excluding all but the world’s richest. - -Who is we here? This is the diamond-water paradox which is precisely about how price != value ... (rather price arises from intersection of demand and supply ...) - -> In the past, the market price of a good was determined by the socially necessary labour inputs required to create it. In recent times we have moved to a system where subjectivity and speculation are key driving forces behind prices. - -This the (very erroneous) marx-originated labor theory of value. Price was never (purely) determined by the labor inputs to create something. - -> Value has become totally detached from the ‘market’. - -Well it was always only partly related ... And there are other reasons that is now so (information economy etc). - -## What KlimaDAO does - -> 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 -> -> Therefore, the 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. Over time, we will build an economy around KLIMA by driving adoption and unlocking growth of the _crypto-carbon_ economy. -> -> By developing Klima DAO on transparent and open-source infrastructure, participation from Web3 developers, carbon projects, and climate experts will be welcomed, to both build this new economy and be rewarded for their contributions. - -Any clearer? - -## https://docs.klimadao.finance/klima-dao-ecosystem - -# Inbox - -* Dashboard for KlimaDAO https://dune.com/Cujowolf/Klima-DAO +See our [deep dive conversation with KlimaDAO](notes/in-conversation-with-klimadao-part-one.md) for our full analysis of the project.