Summary Add MCO2 as the next reserve bond asset for KlimaDAO.
Proposal We propose to have MCO2 reserve bonds as the next asset in Klima’s treasury. Because this asset is liquid enough on other platforms such as Coinbase and Gemini, there is less of a need for the bootstrapping of liquidity to come from us. Currently, there are already over 3 million MCO2 tokens available across Ethereum which can be easily bridged to Polygon via their official bridge.
To facilitate this joint partnership, the MOSS team will:
1.Bond 15k MCO2 into the treasury, and keep sKLIMA in their balance sheets. 2.Provide $1m (500k USDC and 50k MCO2) in MCO2/USDC liquidity to facilitate trading on polygon. 3.Provide $30,000 to KlimaDAO’s marketing team with the intent of collaborative marketing between us and MOSS.
More information can be seen in the KIP proposal here: https://forum.klimadao.finance/d/7-kip-6-introduce-moss-bonds
The Snapshot vote will run until 22:00 UTC 1/6/2022.