We\u2019ve built three main products over the last year:<\/p>\n\n\n\n
- \u30ab\u30fc\u30dc\u30f3\u6642\u4fa1\u7dcf\u984d<\/a><\/li>
- Carbon Marketplace<\/a><\/li>
- \u30ab\u30fc\u30dc\u30f3\u96fb\u5353<\/a><\/li><\/ul>\n\n\n\n
All of this is alongside the existence of our utility token, DOV. <\/p>\n\n\n\n
We want to share our thinking about where these products are going – and how DOV comes into play. This diagram of the token engineering vision is what we\u2019re calling a \u2018mini whitepaper on a page.\u2019<\/p>\n\n\n\n
<\/figure>\n\n\n\n
What does this all mean?<\/h2>\n\n\n\n
Let\u2019s take a look.<\/p>\n\n\n\n
\u30ab\u30fc\u30dc\u30f3\u6642\u4fa1\u7dcf\u984d<\/h3>\n\n\n\n
![\"\"](\"https:\/\/dovu.earth\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-10-at-13.37.55.png\")
<\/figure>\n\n\n\nThis section focuses on the process of updating debt and token balance while slowly venting them. There\u2019s a need and a desire for carbon (debt and credits) to be tokenised. When we see huge debt figures attached to Ethereum projects (as tracked by the \u30ab\u30fc\u30dc\u30f3\u6642\u4fa1\u7dcf\u984d<\/a>), it\u2019s clear why. Tokenisation effectively turns carbon into emission tokens, and companies have the ability to carry their own debt. <\/p>\n\n\n\n
Offset Mining<\/h3>\n\n\n\n
![\"\"](\"https:\/\/dovu.earth\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-10-at-13.38.22-edited.png\")
<\/figure>\n\n\n\nOffset mining is the process in which carbon debt is tokenised and paid down in a distributed fashion. Community members have the ability to pay off their own debts, as well as to contribute to paying down the debt from projects that they support. As a response to the community helping to reduce a project\u2019s carbon footprint, and as an incentive to continue to support in this way, companies can offer rewards, tokens or NFTs. <\/p>\n\n\n\n
Carbon Market<\/h3>\n\n\n\n
![\"\"](\"https:\/\/dovu.earth\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-10-at-13.38.43.png\")
<\/figure>\n\n\n\nThis is where we are now. <\/p>\n\n\n\n
In December we released the Carbon Market, and it\u2019s something that we\u2019re continuing to work on. Our current focus is to improve the carbon onboarding process so that we can most efficiently bring quality carbon to the platform. The next step is the Guardian integration, where we\u2019ll use Hedera\u2019s<\/a> tools to form our audit trail. This ensures that there\u2019s proof attached to the creation and life of our carbon removal credits, complete with an auditable trail. <\/p>\n\n\n\n
\u30ab\u30fc\u30dc\u30f3\u96fb\u5353<\/h3>\n\n\n\n
![\"\"](\"https:\/\/dovu.earth\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-10-at-13.38.58.png\")
<\/figure>\n\n\n\nThe calculator was never intended to be \u2018just\u2019 a calculator. Here, we\u2019re especially excited to tease the fact that we have ambitions to turn DOVU into a DAO (this is something we\u2019ll be sharing more around in the coming weeks – watch this space). <\/p>\n\n\n\n
The most significant thing to mention now is that the calculator will be a critical tool for our planned DAO distribution event this year. It will reward interactions with other ESG projects on the Ethereum network. <\/p>\n\n\n\n
DOVU Governance<\/h3>\n\n\n\n
![\"\"](\"https:\/\/dovu.earth\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-10-at-13.39.12.png\")
<\/figure>\n\n\n\nWe want to hear from everyone in the DOVU community regarding the future of tokenised offsets. Additionally, we want to reward everyone for contributing to the project. It gives us the power to share ideas, build proof of concepts, and open-source our DeFi work into the Hedera ecosystem.<\/p>\n\n\n\n
Carbon Standard<\/h3>\n\n\n\n
![\"\"](\"https:\/\/dovu.earth\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-10-at-13.39.31-1.png\")
<\/figure>\n\n\n\nIt\u2019s incredible to us that there isn\u2019t a modernised, globally used standard for carbon yet. We plan to solve this problem with our credits. Our vision is that anyone will be able to use DOV as a mechanism to redeem for carbon offsetting<\/a> – and to do so instantly at the point of purchase – through Redemption APIs.<\/p>\n\n\n\n
We see a future where $DOV is\u00a0the<\/em>\u00a0unit of unretired carbon value.<\/p>\n\n\n\n
DeFi for the real-world<\/h2>\n\n\n\n
And, in addition to the token engineering work, we also want to help farmers build passive income streams beyond carbon storage. Since there are physical limitations to the amount of carbon that can be stored in soil we\u2019re thinking about concepts such as self-repaying DeFi loans. This could potentially be a passive income stream for farmers once they have fully accounted for their carbon stores. And we\u2019re always thinking about how we can do even more.<\/p>\n\n\n\n
Our ideas are bold. Our mission is strong. Explore and stand with us.<\/p>\n\n\n\n
Stay tuned for the rest of the series and keep up to date with us on \u30c4\u30a4\u30c3\u30bf\u30fc<\/a> \u3068 \u4e0d\u548c<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"
Background Since our inception, DOVU has evolved significantly. Where we initially worked on incentivising green travel, we\u2019ve now validated that the way we can most meaningfully make a dent in the fight against climate change is to focus on carbon removals. And to do this through web3. This is our…<\/p>\n
- Carbon Marketplace<\/a><\/li>