#19: ReFi Access

In this week's briefing, with a focus on Earth Day, we take a look at what's changing and what's needed for communities to access ReFi applications and economic opportunities, for ecological regeneration and sustainable human development.

2 years ago   •   14 min read

By ixo
The secret of change is to focus all of your energy not on fighting the old, but on building the new. – Socrates

Access to Web3 is essential for ReFi and decentralisation to improve human coordination, scale capital flows and incentivise the investments and actions that are needed for real Earth state-change to be achieved, at Internet scale.

Earth Day is about creating global consciousness about the fragility of our planet and the need to protect Earth from humans, for human security, and the need for both economic and ecological regeneration.

Earth Day 2022: Climate Change and Climate Action in The Bahamas pre and post COP26
UK Government’s Regional Ambassador for Latin America and the Caribbean, Fiona Clouder visits to The Bahamas pre and post COP26.

Access to Web3

In many places around the world, people have extremely limited access to the technologies, assets and tools that could improve their lives and give them self-sovereignty. With Web3, this has the potential to change.

Decentralisation and mobile technologies have the potential to provide access to ReFi on a much more widespread basis than is currently possible.
However, decentralisation and access must be carefully planned together with local communities and end-users, to be effective. Only by thinking about the needs of end users can we hope to achieve true access to ReFi for all. Let's look at what's changing.

Web3 Access
In many places around the world, people have extremely limited access to the technologies, assets and tools that could improve their lives and give them self-sovereignty. With Web3, this has the potential to change.

Earth State Markets

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

Overall the markets have been very choppy. Bitcoin showed some strength and shot above $43k. However, it was short-lived as the Fed's Jerome Powell spoke of potentially more aggressive interest rate hikes. The markets are pricing in 50bps in May, June and July. This aggressive stance dragged both crypto and traditional markets down.

In other news, Australia gets a Bitcoin spot ETF next week, which is bullish news. Coinbase launches its NFT platform to 89 million users. Did you know Coinbase has been down 55% since its IPO? BTC is down 26% over the same period!

Evmos is to relaunch on Tuesday after their chain broke. Will the EVM-enabled Cosmos chain bring in fresh buyers to the ecosystem?

The general sentiment in the crypto market is boredom. On-chain analysis shows long-term holders are in an accumulation mode where the risk/return rate tends to generate a good upside potential for this type of investor who is less sensitive to short-term noise. You can monitor the live Long Term Holder SOPR here.

📈Reference Markets over the past week

BTC

The OG of cryptos

+1.2%

$40420

Previously unseen documents of the EU’s conversations around banning Bitcoin have come to light. And some in the crypto community are viewing it as concerning.

ETH

The king of Alts

-1%

$3230

Another huge exploit, this time on the beanstalk farm Eth DeFi protocol. Its stablecoin is now trading at $0.19. This was a heavily audited protocol. Never go all in on a specific protocol is the lesson learnt here and watch out for flash loans!

ATOM

Interoperable Blockchain Chain

-1.5%

$23.65

Summary of $ATOM Interchain Security 

ATOM stakers will earn multiple staking rewards on different Cosmos chains at the same time.

ATOM validators will be able to lease validators to other #Cosmos chains.

Upgrade goes live around Q2 2022!

OSMO

Yield Farming on cosmos

-7.5%

$5.54

Visit the Osmosis Dex for permissionless tokens. ETH, USDC, USDT, FRAX – all available now!

CRO

Crypto.com 

-2%

$0.45

There are new ERC20 tokens that have been added to their DeFi wallet:

  • BitDAO (BIT)

  • Multichain (MULTI)

  • ParaSwap (PSP)

  • Maple (MPL)

  • Goldfinch (GFI)

JUNO

Smart-contracts on IBC

-5.3%

$23.85

Juno is now down 63% since the gamed airdrop saga. Another governance proposal by the whale can be found here

XPRT

Liquid Staking, synthetics and NFT’s

-4.4%

$3.23

Liquid-staked $ATOM lets you further explore DeFi in the @terra_money ecosystem and beyond. Here are some highlighted key strategies to help maximise the utility for stkATOM and $bATOM.

LUNA

Terra ecosystem

+15%

$94

UST is now the 3rd largest stablecoin! A 5x will make it the largest. Many fear the repercussions if UST loses its peg, as the stable coin is in almost every protocol.

📊Impact Markets over the past week

REGEN

Ecological State Ledger

-3%

$0.66

Regen Network works closely with land stewards. Regen Registry is designed for farmers, as they positively impact our planet in various ways. Regen Network rewards ecological stewardship.

IXO

Internet of Impact

-1%

$0.31

A monumental week for ixo, as they partner with Opera to launch the Opera Mobile Browser Crypto Wallet.

EWT

Energy Web Token

+15.9%

$5.78

Energy Web’s validators launched their first phase of the Validator dashboard recently. Have a look through this article to find out more.

BCT

Toucan Protocol: Base Carbon Tonnes

-1.5%

$3.40

Check out a ton of statistics of BCT/NCT on the dune dashboard here. Current addresses holding BCT now -1219. Addresses that ever held BCT - 11499.

CELO

Seigniorage stablecoins collateralised by crypto and natural assets.

-2.2%

$3.08


Their R&I team has been deployed in Kenya, working on a DeFi-enabled employer based lending pilot to smallholder farmers, in conjunction with various partners and Earth Day. Learn more about the model they are piloting.

DOVU

Connecting crypto users with inspiring farm projects across the planet. Moving carbon from the sky into the soil.

+48%

$0.035

If you need help purchasing DOV tokens, watch this step-by-step tutorial they created, making the process as seamless as possible. 

📉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.

KLIMA DAO

Carbon Credits as its treasury

-7.2%

$18.60

Treasury:

17,255,252 TONNES CO2

Check out the state of carbonised markets here. Verra Registry credits ever issued:

906,749,616, Verra Registry credits ever tokenised: 25,127,695. That equates to 2.77% of the verra supply has been tokenised. Bolivia, Tukey and Congo have the largest percentage of tokenised credits!

Olympus DAO

The largest DAO built on Ethereum

+1.6%

$28

Treasury:

$421 million

OlympusDAO plans to deploy Inverse Bonds in preparation for ranged stability.

A token holder seeking to redeem their $OHM could acquire an Inverse Bond from the Treasury & receive back Treasury assets. These will now deploy at current price as opposed to below liquid backing.

Gitcoin DAO

GTC - Platform to find meaningful open-source work

+1.7%

$5.95


Join over 500 others in their GreenPill.Party Telegram. It’s a rapidly growing community, with a wide variety of projects and learning opportunities.

Ocean Protocol DAO

Ocean Protocol 

+14.7%

$0.56

Launching on April 27th, will be the Ocean-backed stable asset, H20. OCEAN holders will be able to mint H20 tokens to price tokens and stake in data pools. 

Popcorn DAO

-3.6%

$0.98

PopcornDAO made a buttery appearance at ETHAmsterdam this week, where they’ve been exploring ways to build DeFi4Good. Watch their socials for updates!

Market Opportunities

  • Get an Airdrop: The ETH layer 2 Optimism looks set to launch a token imminently. These could be huge. Pro tip, bridge to Optimism - LP in @HopProtocol; LP in @lyrafinance; Stake $SNX; Trade @kwenta_io; Deposit in @PolynomialFi.
  • Earn: Earn 30% on USDD on the Tron network! The stablecoin wars begin (coming soon).
  • Offset your carbon using this calculator by Dovu.
  • Farm: Earn a massive 156% APR on $IXO and $REGEN auto-compounded on the Sifchain DEX.
  • Trade: Become an airdrop hunter. Many protocols will reward you significantly with an airdrop just for using their platform. DYDX airdropped over $1 billion to its users. The trick is to find protocols without a token yet. Here’s a great list of them!
  • Learn from this great read: Bitcoin for the open-minded skeptic.
  • Watch the documentary film from Oscar-nominated director Fernando Meirelles, "The Great Green Wall." Learn more about the efforts to stop land degradation and fight climate change.
Great Green Wall — Film
<p>The Great Green Wall aims to grow a 8000km new world wonder across the entire width of Africa, to transform the lives of millions living on the frontline of climate change.</p>

Token Analysis

This week, we unpack Binance and find that this giant has a lot more going on besides being the biggest digital asset exchange in the world , with Romain's analysis of its $BNB token. We also take a look into data privacy and how the personal information we use to make financial transactions can become better protected.

$BNB Technical Analysis
This week, we look into Binance – the biggest exchange in the world that can trade million of transactions per second, and analyse its $BNB token. We also take a look into data privacy and how the personal information we use to make financial transactions can become better protected

Earth State NFTs

Women for Mother Earth. On Earth Day TheGreenGirls launched their NFT PAWS G2. This women-focused media source created the NFT Project to celebrate women and the planet. They have teamed up with Project Save Our Surf (PSOS) for this project.

TheGreenGirls’ NFT PSAWS G² Set To Launch This Coming Earth Day
TheGreenGirls, a women-focused media source, will be launching the NFT PAWS G². This NFT Project was created to celebrate women and the planet, and what better day to launch than Earth Day. TheGreenGirls have teamed up with Project Save Our Surf (PSOS) for this NFT Project, dubbed PAWS G². TheGreenG…

TheGreenGirls.com was launched by CEO Apple Levy in 2008 by women, for women, and focuses on all things eco-friendly. Both organisations dedicate their time and work to engage with communities for the purpose of planetary regeneration.

With each PAWS G2 NFT Mint, five trees will be planted to support reforestation in the U.S. via OneTreePlanted.org. Additionally, purchases will help support PSOS and its programs to help conserve marine life and ocean conservation. Some of these programs include monthly beach cleanups, clean water filtration installations and maintenance trips in over 15 countries.

Earth State Technologies

AI creating a bridge to imagination. Our children's minds inspire a window into a world view from a different perspective. The Antarctic Explorer is a new AI-powered learning platform where children populate it with questions like "what does Antarctica smell like?" The southern-most continent on earth inspires wonder, without a doubt. The Mawson's Huts Foundation created this interactive platform, providing hands-free availability to students with disabilities. Tech that inspires kids to care about Antarctica.

AI-powered exploration of Antarctica: Unlocking imagination in children of all ages
“What does Antarctica smell like?” It’s a question only a child could — and did — ask about the southern-most continent on Earth. And it’s just one of

For more insights on how AI accelerates sustainability and empowers communities, watch:

“Today, we’ve made excellent progress in developing the platform. It’s been a big learning curve for us, but ISW has done an outstanding job in putting it together using IBM Watson and cloud technology,” says Greg Carter, Chief Executive Officer of Mawson’s Huts and owner of an Antarctic tour company.

Earth States-Person

Based in Hong Kong, Dr. Tat Lam founded Shanzhai City after working in urban, informal and village developments throughout China for over a decade. He observed a pressing need for social development approaches that could address market and policy failures in rapidly developing countries. He is experienced in data literacy, in research on how technological solutions can empower grassroots communities, and in the implementation of social development projects. Tat has developed decentralised solutions for community development finance, community currencies, public-private partnership capital deployments, and impact management.

The division between the digitised and the undigitised world is the data divide. - Tat Lam

Read Tat's thought-piece on why Soft Infrastructure is essential for any data technology to work. Without digital literacy, the access gap will continue to widen and perpetuate human poverties.

Soft Infrastructure for inclusive digital citizenry
Soft Infrastructure is essential for any data technology to work. Without digital literacy, the access gap will continue to widen and perpetuate human poverties.

Earth State Change

On Earth Day this week, ixo in partnership with Opera launched the Interchain Opera Mobile Crypto Browser Wallet integration with the Web3 Internet of Impact to communities around the world – from Hong Kong, to India, South Africa and Brazil.

This development means that access to the Internet of Impact is now already in the hands of millions of Opera users across the world, which provides Web3 builders significant rails into emerging economies. ‌‌‌
Opera and ixo for Earth
On Earth Day this week, ixo in partnership with Opera launched the Interchain crypto wallet integration with the Opera mobile browser to communities around the world – from Hong Kong, to India, South Africa and Brazil.

Earth State Culture

  • Art in the face of the climate crisis. All Living Things Environmental Film Festival (ALT EFF) provides a global platform for filmmakers to showcase their art to inspire and mobilise communities to create a sustainable future. They have partnered with Earth Day to take viewers through a journey of diverse environmental films, including indigenous tales, inspiring stories, meditative montages and hard facts.
With groundbreaking and compelling films, ALT EFF showcases the beauty of our planet and creates awareness on critical issues.

Earth State Tweet of the Week

Earth State DAOs

  • BasinDAO is launching imminently with the purpose of providing a collective investment into land ownership, carbon markets, and emerging eco-credit classes, to gain both financial returns and increase Climate resilience.
Our real asset projects create restoration, regeneration & conservation at scale, basin to basin.
Basin | Natural Capital | Climate Restoration at Scale
We use land ownership, carbon markets, and an emerging eco-credit class to create financial returns and climate resilience.

Earth State News

  • Binance bans Russian users. The major restrictions being adopted follow the European Union’s fifth package of sanctions against Russia. Restricted accounts can no longer deposit or trade using Binance spot, futures, custody wallets and staked and earned deposits.
Binance limits services in Russia due to the EU’s 5th package of sanctions
Binance has restricted Russian nationals or residents of Russia holding over 10,000 euros on their accounts.
  • The insect apocalypse. Climate change and intensive agriculture are the culprits in the significant loss of insect numbers. A recent study found that insect numbers have plummeted by half in some parts of the world.
Lead researcher, Dr Charlie Outhwaite of UCL, said losing insect populations could be harmful not only to the natural environment, but to "human health and food security, particularly with losses of pollinators."
Climate change and farming driving insect decline
Combined pressures of global heating and farming can halve insect populations in some places - study.
  • Russian crypto mining sanctions. The U.S. Department of the Treasury has taken action against BitRiver – the first time a crypto mining operation is being sanctioned.
U.S. Treasury Sanctions Russian Crypto Mining Operation Amid New Token Launch
The landmark designation of BitRiver, a Russian mining operation by U.S. Treasury marks the first time a crypto mining operation has been sanctioned by the U.S., but the company is also in the middle of a token presale for BitRiver (BTR) token, slated to start secondary market trading this Friday.

Earth Gatherings

  • Regens Unite in Brussels for an invite-only 2-day conversation on May 19-20.
Regens Unite - 2-day conversation to move from sustain to regen
May 19-20, join us in Brussels to explore together how we can move the conversation from sustain to regen.

Earth State Actions

  • Watch this animated video on Community Inclusion Currencies (CICs), explaining how local token economies are enabling people to bootstrap or grow sustainable trading networks and to access banking services.
  • Read this critique of why Nature-Based Solutions are so underfunded, even though they are highly effective in making communities more resilient to climate change.
One study found less than 10 percent of funding for climate adaptation in least-developed nations went into projects that harnessed nature.
Why Are Nature-Based Solutions on Climate Being Overlooked?
Nature-based initiatives, such as planting mangroves and revitalizing wetlands, have proven effective in making communities more resilient to climate change. But international funding has shortchanged such solutions in favor of more costly and less efficient engineering projects.
“Everyone accounted for, and everyone accountable.”
  • Listen to Regen Network co-founder, Gregory Landua, discuss permaculture and how it can impact the financial world in episode 9 of the Green Pill Podcast.
“The aim of the “blockchain for good guiding principles” initiative is to establish a universal manifesto, a compass of sorts, created by and for the people and organisations that want to harness blockchain technology for good and achieve positive social and environmental impact.”
  • Make a pledge in support of “a more Solarpunk world” through the Gitcoin Green Pill party.
greenpill.party
Build a more solarpunk future by getting Green Pilled, pledge to support public goods + join the Green Pill Party today.

🌍 For the Earth!

Without access Web3 and ReFi won't achieve its potential to improve human coordination, scale capital flows and incentivise the investments and actions that are needed for real Earth state-change to be achieved, at Internet scale. But we are now beginning to see progress in making these technologies more accessible in more places, where they are needed and with a focus on what users want.

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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