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Home > Bankless > How Crypto Can Be Good for the Environment | Klima DAO
Podcast: Bankless
Episode:

How Crypto Can Be Good for the Environment | Klima DAO

Category: Business
Duration: 01:01:37
Publish Date: 2021-09-18 07:30:00
Description:

Bankless Nation, meet Klima DAO, the carbon-backed digital currency and algorithmic climate protocol.

Dionysus, Archimedes, and Oxylos join to discuss bringing environmental incentives to DeFi, using similar mechanics to OlympusDAO and the OHM token. Klima DAO plans to generate on-chain demand for carbon offsets and build a carbon-backed treasury, with the goal of driving up the price of carbon.

Who said crypto was bad for the environment? For Bankless readers, it should come as no surprise that the powers of DeFi can be leveraged to incentivize coordination around public goods.

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