Climate impact has not been the primary concern when designing blockchain technology and its sustainability issues carried over to the Decentralized Finance (DeFi) space. In 2020 DeFi boomed: more and more people join the ecosystem every day, and while this presents new opportunities, it also brings sustainability challenges to the forefront.
Consequently, we are presented with a problem where many existing and dominating networks face a cluster of sustainability issues. The environmental impact of the blockchain technology makes Bitcoin’s financial sidechains and Ethereum, on which DeFi is based, an unsuitable long-term solution for widely adopted decentralized finance.
DeFi has the potential to completely reinvent the world's financial systems but only if we address its climate-damaging nature. With more and more users in the space, there is increasing pressure to make DeFi climate positive.
If the DeFi community fails to address the issue of sustainability, DeFi might not reach global adoption because of its environmental impact. Every $1 of cryptocurrency value created is responsible for $0.66 in health and climate damages, according to a Harvard study.
Brokoli is the ultimate sustainability layer of multi-chain DeFi. Brokoli merges DeFi and GameFi to incentivize users to make, own, and trade their positive impact. The project has three interconnected parts that all serve a single purpose: to rapidly grow Brokoli’s user base and offset DeFi’s carbon footprint.
Brokoli’s core: Environmentally friendly gateway into the most popular DEXs and dApps.
API: Any blockchain platform (centralised or decentralised) can implement our API to allow users to opt-in to a small climate fee that offsets their transaction’s footprint.
Digital Forest / Brokoli Impact Credits: Users receive NFTs based on trees they have funded the planting of by using our products and completing daily quests. Digital NFT forests will be tradable as Brokoli Impact Credits: Corporate Social Responsibility standard loosely pegged to real forests and purchased by corporate partners.
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Last modified 1yr ago