<aside> 📝 This is a draft for a CarbonPath proposal to stake 10K CELO treasury with Spirals Protocol.
</aside>
CarbonPath’s mission is prevent ons of greenhouse gas emission by incentivizing the industry to safely plug and abandon oil and gas wells. At Spirals Protocol, we believe the impending climate crisis is one of the biggest coordination problems we face today. Programmable incentives and transparent capital allocation on-chain are powerful tools that will transform how we combat the climate crisis.
At Spirals Protocol, our mission is to build regenerative blockchain infrastructure to solve this coordination problem at the lowest level. Today we are focused on facilitating low-risk investments and allowing open governance to vote on how yield is allocated towards funding climate impact.
Our first product is a Celo L1 staking protocol that redirects 100% of staking yield towards funding climate projects in our portfolio. Projects in the portfolio are approved by a decentralized committee of climate experts, and stakers in the protocol receive governance tokens to vote for how funding is allocated across these projects. Beyond governance, these tokens represent on-chain proof of climate impact for grants organizations, DAOs, and protocols looking to build a community around climate alignment.
We believe in funding climate impact beyond offsetting emissions. New methodologies for carbon sequestration need initial funding to prove viability, and additional funding can accelerate their journey in reaching commercial scale. At Spirals, we are focused on funding this next-generation of carbon removal technologies and bringing them down their cost curves in an effort to maximize climate impact. We are actively searching beyond carbon as well, looking at climate impact as holistically as possible.
Some examples of projects we are actively evaluating:
Our committee of climate experts span multiple areas of expertise within carbon removal and have experience serving on other project review boards like Stripe Climate.
Earlier this year Carbon Path Green received funds from Flori and Celo to deepen their commitment around bringing the best climate impact tools to the ReFi ecosystem. This proposal proposes to further the alignment by staking on Celo’s L1 and align CarbonPath around Celo’s values of building ReFi infrastructure:
10K CELO with Spirals Protocol in their treasury for 3 years