ReFi DAO

[usama9500]

Tell us about the community that you are nominating

ReFi DAO is a community that exists to accelerate impact for people and the planet using the power of web3.

What public goods does this community support or will they support in the future?

1. ReFi ID - an open source passport that gives people access to ReFi DAO and allows them to earn $REFI while demonstrating impact to the community

2. Impact Gauges - curve-style gauges for ReFi communities to stake $REFI to incentivize on-chain behavior that has off-chain impact:

• Liquidity (as a public good)
• Lobbying
• Activism
• Grant funding
• Venture funding

3. ReFi Jobs - a job and talent directory to coordinate intellectual capital across the ReFi space

4. ReFi Founder's Circles - a cohort-based peer network of ReFi founders that meet regularly and get access to support from leading product, development design, and legal DAOs

Who are the people, DAOs and other organizations already part of this community?

John Ellison - Source, former Head of Growth at Toucan

Darren Zal - Token engineer, contributor

Pierre LaBaume - Founder of We3, former IDEO designer

Shuya Gong - IDEO designer

Sev Nightingale - NFT artist & community lead

Phil Fogel - Advisor, Head of Blockchain at Flow Carbon

Adah Parris - Head of Justice, Equity, Diversity and Inclusion

Daryl Edwards - Founder's Circle Coach

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Orgs

Toucan, Flow Carbon, Regen Network, Celo, Eden DAO, Senken, Solid World, Return Protocol, Basin DAO

Why do you think this community needs a Commons?

Climate change is a coordination problem. We need to develop new economic primitives that in themselves are public goods in order to protect the commons and restore the earth.

What other resources do you have that will make your Commons deployment a success?

We've lined up $500k of grant funding and have early stage commitments from tier-1 VCs, but have yet to raise any funding or issue a SAFT.

Do you have an idea for the name of this Commons?

ReFi DAO

Submitted by [Discord handle or Twitter handle]

Discord: John Ellison#5093
Twitter: @climateXcrypto

[climateXcrypto]

Thanks so much for the chance to share our project with the world!

I realize I unintentionally left out a few people who've been integral to this effort. Given Darren and I merged our application on the last day, I may have rushed the final submission!

Jeremy Agnew - Terraformation & ReFi Spring
Sam Delesque - Oasa & Closer.earth
Bea Fonseca - Closer.earth & ReFi Spring
James Box - Principle Designer at Ber.st

Don't have Git setup on my laptop, so apologies for not submitting a proper PR!

[Jose5048]

Isnt this more of a project rather than a Commons? Yes, it could evolve into a commons but is there a strategy in terms of achieveing measurable specific impact rather than an agglomeration of other aligned communities at best?

[climateXcrypto]

I’m with you in your inquiry as to the tension of this vision’s suitability for a commons. There is a strategy to achieve measurable impact (using Speed and Scale OKRs as a guide), and we believe that a coordination layer is required to do this. If we built out the primitives described above as commons for the industry, I suspect we’d see a meta coordination DAOs help unify efforts across ReFi, DeSci and beyond. In the same way that the augmented bonding curve provided new capabilities for coordination, a decentralized identity system and impact gauges could also provide a similar unlock.

…

On Sat, May 21 2022 at 9:33 am, Jose Antony ***@***.***> wrote: Isnt this more of a project rather than a Commons? Yes, it could evolve into a commons but is there a strategy in terms of achieveing measurable specific impact rather than an agglomeration of other aligned communities at best? — Reply to this email directly, view it on GitHub <#28 (comment)>, or unsubscribe <https://github.com/notifications/unsubscribe-auth/AWVCELJLVHTYFSOU4EVIWJLVLD63NANCNFSM5VIA6TBA> . You are receiving this because you were mentioned.Message ID: ***@***.***>

[Jose5048]

Then could you attempt a hypothetical quantification of the possible Economic Impact . See my comment on Precious Plastics #33 (comment)

[climateXcrypto]

Hey @Jose5048, I'll do my best!

While not being an economist, there are a few thoughts that I'd offer to lend towards a possible economic impact.

Given the global carbon market is $272B [1] and is expected to grow 50-100x over the next 30 years [2], there is a sizable opportunity here—especially given that only one pillar of ReFi is about carbon...

Given that over the last 6 months, 1 out of every 4 carbon credits retired from Verra were done so via Toucan [3] bridge, it's clear that the on-chain market is likely to be the market that finances climate action and adaptation.

It's hard to estimate cost of a lack of coordination when the outcomes of not addressing climate change are so severe [4].

Without creating a comprehensive model with defined assumptions, I would assume that the value of a decentralized identity system that allows a group of mission-aligned stakeholders to coordinate impact incentives on top of a rapidly growing multi-billion dollar market would in itself provide a positive economic impact of well over $1B.

Given your background I'm sure you've got a lot more insights on how to approach the economic impact of a given opportunity! What do you think?

[graial]

how would you describe your target/ideal commoners and what would be the first steps they could take to become part of the commons?
Please try for an answer a little more sophisticated than join the discord