KIP-15: C3 Alliance & veGovernance

Summary

• Support the launch of C3 as an ally of KlimaDAO, supporting each other to develop the new crypto carbon economy with KlimaDAO as its decentralized bank and reserve currency.

• Approve the longest vote locking of KlimaDAO’s vested C3 tokens to maximize governance rights and delegate C3 voting on behalf of KlimaDAO to the Policy team with appropriate consultation of the community until a proper voting mechanism is implemented.

Proposal

KlimaDAO hereby accepts endorsing C3 as an allied ReFi protocol as well as their proffered token grant and supportive efforts, and likewise returning KlimaDAO’s support for C3’s endeavors. As such, together KlimaDAO and C3 will collaborate in close synergy toward our shared mission to accelerate and democratize climate action by creating a robust on-chain market for carbon offsets.

C3 Governance Participation

In addition to collaborating with C3 as outlined above, if this proposal is approved, KlimaDAO’s Policy team, in coordination with KlimaDAO contributors from Core, Council, and Partnerships, will be temporarily delegated to participate in C3’s governance process and all votes, with informal ongoing consultation of the community. Accordingly, the concerned KlimaDAO contributors with ad hoc community input will fully utilize the treasury’s allocation of C3 tokens to vote in good faith for C3 governance proposals and gauges that contribute to the long-term success of the on-chain carbon market and KlimaDAO.

In a future KIP, we will propose a mechanism to decentralize control over the treasury’s C3 governance power. In the meantime, the Policy team will more substantively consult with the KlimaDAO community on any significant or potentially controversial C3 governance proposals.

Polling Period

The polling process begins now and will end at 04:00 UTC on March 6, 2022.