Market Brief – 8th July 2022

Week of 8th July 2022. Here's your intelligence brief on the tokens and markets that are contributing to growth of the Tokenised Earth Economy and relevant to ReFi.

2 years ago   •   4 min read

By ixo

Here's the latest intelligence on the tokens and markets that are contributing to and growth of the Tokenised Earth Economy and relevant to ReFi.

This weeks highlights:

  • Voyager Digital files for bankruptcy - estimated to be owing somewhere between $1 billion and $10 billion to more than 100,000 creditors!
  • Delphi Digital report finds there may be more pain.
  • The Italian government offers subsidies to blockchain projects. $46 Million is available!
  • Sequoia Capital’s new massive fund. $9 Billion in fresh new capital!
  • Fed sees no reason to rush CBDC.
  • FOMC meeting minutes reflected participants’ concern about rate increases having the potential for a “larger-than-anticipated” impact on economic growth.

📈Reference Markets over the past week


The OG of cryptos



What happens when all 21 million BTC are mined? See this thread from Reddit in 2011!


The king of Alts



Validate ETH 2.0 with under 10 watts?


Interoperable Blockchain Chain



ATOM surges on Thorchain announcement! Trade ATOM for Native BTC on Thorchain.


Yield Farming on cosmos



Membrane is launching on Osmosis in September. Membrane is a CDP (collateralized debt position) protocol that produces an asset with dampened volatility (like RAI) instead of a pegged stablecoin.


Smart-contracts on IBC



Junoswap to go live on Keplr at the next release!

📊Impact Markets over the past week


Ecological State Ledger



The enDAOment program is an initiative to bestow 30% of $REGEN token holding power to marginalised communities addressing socio cultural issues in ecology, economics and tech. Read more about the first cohort of participants here!


The Layer 1 for Refi Projects



Check out this great podcast episode with Citizen Cosmos and the ixo team, illustrating the ixo vision and ecosystem.


Seigniorage stablecoins collateralised by crypto and natural assets.



Build a dApp in under 5 minutes on CELO!


Toucan Protocol: Base Carbon Tonnes



Catch up on this Twitter Space where they spoke to Craig Wilson, lead at Celo! "How do we get more climate people that are crypto-curious to dedicate their time & energy to the space? How do we demonstrate that it is a valuable space to be in?" - @CGeoffWilson


Moving carbon from the sky into the soil.



Connect to their carbon calculator to make it easier than ever to offset your crypto carbon. Try it here.

📉DAO Shares over the past week

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.


Carbon Credits as its treasury




18,131,600 TONNES CO2

Klima Infinity is an ever-growing ecosystem, including Polygon, who have retired 104,794 tonnes of tokenised carbon credits. Every Polygon network transaction - whether an NFT mint or DeFi swap, is carbon neutral. 

Olympus DAO

The largest DAO built on Ethereum




$219 million

They are proposing a three-pronged partnership with Aura Finance. Learn more about the proposal, and join in on the discussion here

Gitcoin DAO

GTC - Platform to find meaningful open-source work



Read the first edition of their new Gitcoin Grantee Showcase, a new production of GitcoinDAO’s content marketing team. First highlighted grantee is RicMoo (Richard Moore), author of ethers.js.


DeFi Tools DAO 



Create an open proposal on Prime Deals to get connected with your potential partners and start testing the waters. Partnering with other DAOs is a great way to flourish in Web3! 

Earth State Snippets

  • Collective Intelligence. Diving into the ideas of composable local control, Kevin Owocki interviews Diya Siddarth and Raymond Zhong of Verses, and this is a conversation that challenges old paradigms!

This episode might change how you feel about institutions and a few new vocab words like subsidiarity and preconfiguration. Take the green pill anon.

  • Low-Carbon Sushi. KlimaDAO and SushiSwap will enable traders to offset the carbon emissions of their exchange transactions on the Polygon network. A governance proposal outlining the partnership closed this week, with over 99% of vote support.
SushiSwap Votes to Let Traders Offset Carbon Emissions - The Defiant
The decentralized exchange SushiSwap is partnering with blockchain-based carbon credit protocol, KlimaDAO, to allow traders to offset their carbon emissions on the Polygon network.
  • Nigerian forest comes on-chain. The Worthy Association for Tackling Environmental Ruins (WATER) is an NGO that helps manage the Ekuri forest in Nigeria. Open Forest Protocol has launched this community-based forest project as a new "project operator," with 20,000 hectares that will be transparently monitored through their platform.

Present and future generations remain grateful to OFP for showing Ekuri the solution in carbon financing - Godwin Akamo.

Project operators - Community — Open Forest Protocol

🌍 For the Earth!

Earth State change is unstoppable, and so is the evolution of the crypto market!

Join the weekly Earth State Twitter Space every Tuesday at 15:00 UTC, where we discuss what's moving in ReFi and the Tokenised Earth Economy.

This article is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. For tax advice talk to your accountant. DYOR – Do your own research.

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