1. Introduction

CO2fi.io is the nexus for on-chain carbon asset collateralisation and utilisation. We offer collateralisation for the ACC token. ACC is a deliverable carbon token immutably linked to a tonne of unretired CO2 within the Verra and GoldStandard registries. Unlike other on-chain carbon projects we have not severed the link between our carbon token and the carbon credit sitting in its carbon registry.

Each ACC is deliverable i.e. it is possible to retire the credit, as such each one has embedded value. Furthermore ACC is not restricted to a specific carbon registry, accepting credits from Verra, Goldstandard and Climate Action Reserve.

Carbon credits will likely become the world’s biggest asset class in the coming decades as such CO2fi.io will develop the decentralised infrastructure to ensure carbon assets can be maximised for yield. We have achieved this by forking Aave V2 and modifying it for use with Carbon Tokens, in addition to leveraging our connections with existing carbon exchanges.

Problems Co2fi.io seeks to address

1. Verifiable, transparent and deliverable carbon on-chain.

2. A lack of daps to enable a yield to be generated on carbon assets.

3. A lack of daps enabling users to use their carbon as collateral.

Why is Co2fi.io best placed to offer carbon daps?

CO2fi.io is partnered with AirCarbon Exchange, one of the world’s foremost voluntary carbon exchanges, this brings with it three useful benefits.

Verified carbon

AirCarbon Exchange deals with serious tradfi institutions, as such it has robust procedures in place to ensure carbon brought onto its exchange is legitimate and meets the quality of its token specifications. One of the benefits of such an arrangement is that the CO2fi.io team isn’t encumbered with the administrative headache of bringing and verifying the carbon credits brought on chain, thus our focus is purely on dap building.

Carbon Pricing

CO2fi.io has a pricing oracle that monitors in real-time the price of carbon credits on AirCarbon Exchange, this pricing data will in time be aided using a chain link oracle once on-chain carbon gains mass adoption.

Financial Support

Our partnership with AirCarbon has given us the seed capital to begin this project. However, unlike traditional corporate supported or VC backed ventures, we have not let excessive greed dictate our platform’s structure and tokenomics. It is our firm belief that the future carbon markets size will more than compensate.