Here's this week's intelligence on the tokens and markets relevant to ReFithat are contributing to growth of the Tokenised Earth Economy.
State of the Markets
It’s been a bullish week for the crypto markets, as the Luna Foundation keeps buying Bitcoin and now has over a billion dollars of $BTC in its treasury to back the $UST stable coin! Will the markets lose steam after Luna has completed its acquisitions, or will the impending $ETH Merge keep the bulls running? The adoption of Bitcoin by nation-states is continuing, as Russia says it will now accept $BTC as payment for its oil and gas, to circumvent economic sanctions and El-Salvador has listed a Bitcoin bond – which will have half their proceeds invested in Bitcoin while the rest go towards constructing a “Bitcoin city” at the foot of the Conchagua volcano that willl use renewable thermal energy for mining the coin –though not without some trembles, as reported below in Earth State News.
📈Reference Markets over the past week
BTC
The OG of cryptos
+3%
$45,128.98
Grayscale threatens to lay charges against the SEC if their spot ETF does not get approved in July!
ETH
The king of Alts
+5.5%
$3277.81
173600 ETH was hacked from the Ronin Bridge! No one noticed for over 6 days. Here's the wallet!
ATOM
Interoperable Blockchain Chain
-2.1%
$28.43
The cosmos hub is set to increase its active validators set from 150 t0 175. Check out all the new upgrades coming to the cosmos hub in this proposal!
OSMO
Yield Farming on cosmos
-8%
$7.94
Vote on an Osmosis Grants Program (“OGP”) to fund new community-built tooling, infrastructure and projects building on top of Osmosis. 1.5 million Osmo is the ask!
Opera browser adds support for ixo on their crypto browser!
EWT
Energy Web Token
-4.9%
$6
The second phase of Energy Web Token Staking Consortia Relay Staking has gone live! Your stake of $EWT generates north of 10% APY and will give you more power in the future. Access here..
Seigniorage stablecoins collateralised by crypto and natural assets.
+5.5%
$3.28
Climate Collective is Celo’s community of web3 projects dedicated to reversing the effects of climate change, and they recently welcomed Flow Carbon to the team.
DOVU
Connecting crypto users with inspiring farm projects across the planet. Moving carbon from the sky into the soil.
ℹ️ Remember that DAO’s with a rebase mechanism should be valued on their treasuries, and market cap increases are a more important metric than token prices, as high yields try to outpace price fluctuations.
KLIMA DAO
Carbon Credits as its treasury
+1.3%
$19.23
Treasury:
14,626,252 TONNES CO2
KlimaDAO is now one of the largest stakeholders in Moss. Moss has airdropped 10% of their governance token, to be held by the KlimaDAO treasury and used for $KLIMA/MCO2token liquidity mining.
Olympus DAO
The largest DAO built on Ethereum
-7.7%
$27.02
Treasury:
$530 million
Join the Olympus incubator: Olympus Incubator is a program with the mission of accelerating the econOHMy through the funding of new protocols that utilize or build on OHM or other Olympus products. This is not like other “launchpads” or traditional VC whales. Instead, Olympus will help foster community, provide mentorship, and create effective strategies.
Gitcoin DAO
GTC - Platform to find meaningful open-source work
-1.2%
$5.57
Go check out the prizes that are up for grabs at the #CeloConnect Hackathon this weekend! Register here.
BitDAO
The world's largest DAO directed treasury
+5.8%
$1.29
BitDAO has allocated over $633 million in funding for innovative DAOs, to incubate and accelerate these projects.
Ocean Protocol DAO
Ocean Protocol
+4%
$0.60
Ocean V4 public testing is now live - its very first milestone.
Earth Fund DAO
1earth
+5.3%
$0.039
They are taking over Miami this week to spread the word and awareness about Earth Fund and their mission. Check out the schedule here.
Popcorn DAO
-4.1%
$1.05
Join their Discord to discover the power of the Popcorn universe. They host regular community calls on the platform, with special guests.
Token Analysis
The $JUNO story shows how Web3 networks and projects can successfully be bootstrapped. There's now great potential (and need) to innovate how to use these mechanisms to reach and include the right stakeholders as co-owners, users, and governors in Tokenised Earth Economies.
El Salvador trembles. Skepticism is high after a "buggy" rollout of the nation's Bitcoin wallet and delays with the "Bitcoin bonds." It's a multimillion-dollar proposal that locals have mixed feelings about.
Most Climate Impacts are in Asia. An International Monetary Fund research paper shows that the severity of Climate disasters in the Middle East and Central Asia have already been more severe than anywhere else on earth. Having already injured or displaced seven million people on average a year, and attributed to more than 2,600 deaths, with $2bn in damages.
Energised Texans. The state government is thinking about clamping down on large-scale Crypto miners, with a proposal that they would require "Approval to Energise".
Let's use the power of the crypto markets and ReFi to positively change the earth state, as we grow the Tokenised Earth Economy.
Join us every Tuesday at 15:00 UTC for a weekly conversation in the Twitter Earth State Space where we share intelligence with the thought-leaders, problem-owners, and solution-builders of this new economy. This week, we're joined by Louise Borreani from Curve Labs, discussing how web3 technologies are helping regenerate parts of the ocean.
Look out for next week's Earth State Briefing, with a focus on ReFi Agriculture.
Romain NEBOIT
Elaine Ramirez, Doreen Wang and Andrés Engler
Marcelle AlZaher