TreeDefi Will Offer Carbon Credit Services Through NFTs and Yield Farming
The eco-friendly Yield Farm is taking its first steps into the Carbon Credit business through NFTs backed by real planted trees TreeDefi is a Yield Farming protocol that focuses on eco-friendly activities through ⅓ of the deposit fees on the platform. They plant trees through tree planting organizations and privately held planting projects around the […]
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DeFi project takes its first steps into the real world TreeDefi is a growing DeFi project that has been active for over 5 months, focusing on tree planting activities through their protocol. As their project has grown further they’ve taken the opportunity to develop the idea by taking their first steps into the carbon credit […]
As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed.
The concept of yield farming has changed the way people view savings by becoming the standard means of generating passive income in the cryptosphere. Consequently, numerous DeFi protocols have developed their architecture and functionalities around yield farming. However, yield farming has....
Game developers are now trying to use the foundational premise put forth by NFTs and to marry the idea with that of yield farming. The concept of yield farming has gained a lot of traction over the past year or so particularly because it enables crypto owners to stake their assets in return for tangible returns within short time windows. And while the thought of earning a profit on one’s investment may not be new at all, the idea behind yield farming — where users can earn rewards for making use of a particular DeFi application — is largely confined to the purview of the decentralized....
Environmental concerns plague both the crypto industry and the world at large. However, if used right, blockchain-based assets could offer some relief. Using nonfungible tokens (NFTs) as carbon credits, or carbon offsets, reveals an outlet for Web3 technology to foster a more environmentally friendly future.NFTs as carbon credits are a slow-rolling trend in the refinance market and decentralized finance (DeFi). Most of this activity currently takes place on the Polygon (MATIC) blockchain, as it has already offset its entire carbon footprint. However, the way these digital assets work with....
DeFi project takes its first steps into the real world TreeDefi is a growing DeFi project that has been active for over 5 months, focusing on tree planting activities through their protocol. As their project has grown further they’ve taken the opportunity to develop the idea by taking their first steps into the carbon credit market, a large field that has been ever growing in the past few years and looks to expand tremendously in the next decades. When blockchain innovation and real world implementation meet each other, it’s good to have a support system that has the right know-how. That’s....