Osmosis Carbon Neutrality through Purchasing and Retiring NCT

Voting YES to this proposal indicates approval to address Osmosis’ carbon emissions footprint by purchasing 1 year of carbon credits at worst case projections through Regen Network Voting NO to this proposal indicates that this funding should not be allocated. Based on feedback from carbon footprint data reported by validators of Regen Network, Osmosis is projected to emit at most 5,100 tons a year in carbon, negatively affecting our climate. Regen Network, in partnership with Toucan and Moss.Earth, have already launched a version of NCT on Polygon at a price of $10 per credit. This proposal asks for a spend of 6,600 $OSMO from the Community Pool to purchase 5,100 NCT from Regen Network to cover Osmosis’ historical carbon emissions, confirming Osmosis' carbon neutrality blockchain up to June 2022.

Method These funds will be sent to a multisig address consisting of Cory Levinson (Regen Network) Johnny Wyles (Osmosis Support Lab) NosNode (Osmosis Validator)

The $OSMO will be transferred to a corresponding multisig wallet on the Regen Network over IBC and used to purchase NCT. This will then be retired to offset Osmosis’ carbon emissions. Any $OSMO remaining due to price fluctuations below the intentional 20% buffer to mitigate any price volatility, and a potentially lower NCT cost, will be returned to the Osmosis Community Pool.

Discussion: https://gov.osmosis.zone/discussion/3936-proposal-osmosis-carbon-market-with-regen-network