KIP-17: Delegate Retirement Aggregator Inclusions

Summary:

Grant Policy and Partnerships departments the right to vet and include new carbon assets in the KlimaDAO retirement aggregator without individual KIP votes.

Explanation:

With the upcoming launch of the KlimaDAO retirement tool, a procedure must be established for including carbon assets in the aggregator.

In order to drive adoption and utilization of tokenized carbon offsets, we propose allowing any asset deemed viable by the Partnerships and Policy teams to be added to the retirement aggregator.

Since the aggregator charges a 1% fee on all retirements in terms of the carbon token retired, any asset added to the retirement aggregator will result in non-dilutive revenue denominated in that asset flowing into the treasury.

On one hand, this non-dilutive revenue is “free” to the treasury, because no bonds had to be issued for it. On the other hand, in order to back KLIMA, any new token added to the aggregator must be approved as a reserve asset if it is not already bondable.

Passage of this KIP would establish a clear “integration funnel” for new carbon assets, as outlined in the corresponding forum post.

Benefits:

• Generates non-dilutive revenue (no KLIMA is minted against fees received) denominated in the tokenized carbon credit retired.
• Provides a more gradual path to inclusion in the KlimaDAO treasury for new bridging partners and carbon pools.
• Enhances utility of included carbon assets, driving adoption of the on-chain carbon market.

Proposal:

1. For: Delegate inclusions. Grant the DAO contributors within the Partnerships and Policy departments the right to add new carbon tokens to the Retirement Aggregator and include them as reserve assets in the treasury. Enabling bonding (dilutive revenue) for any new asset will still require a KIP vote.

2. Against: Do NOT delegate. Only allow bondable assets to be included in the retirement aggregator by default. Future KIPs would be required to allow carbon offset tokens to be included in the retirement aggregator if they are not already bondable.

Polling Period:

This Snapshot vote will conclude in approximately three days, on March 12 at 19:30 UTC.