What is the work being proposed?
KlimaDAO would like to formally create a close partnership with the Rocketpool community, DAO, and Protocol. This partnership will include Rocketpool becoming a Klima Infinity partner, opening a line of communication to help individual node operators and or protocol participants become carbon neutral, and exploring ways to automate offsetting for node operators.
We believe that both the contributors and communities from both protocols share similar values such as decentralization. Furthermore, liquid staking will become an essential part of the Ethereum ecosystem. KlimaDAO has created a track record of significant partnerships and tooling for entities both on and off chain. We would like to offer those same solutions to the individuals that are helping to secure the network that we both exist on. Lastly, this partnership is another proof-of-concept that web3 can be utilized for real-world application.
Is there any related work this builds off of?
Will the results of this project be entirely open source? If not, which parts will not be, why, and under what license will they be published?
KlimaDAO’s code and github are entirely open source: h ttps://github.com/KlimaDAO/klimadao
Benefits - enter N/A where appropriate
Rocketpool will become the first major LSD protocol to become carbon neutral. KlimaDAO has been partnering with major protocols (e.g. Alchemix, Polygon) to change the narrative that blockchain is bad for the environment and to pay off the carbon footprint debt that Ethereum’s PoW has created.
Moreover, this will open up the possibility for the individuals supporting the network to offset their footprint in a completely permissionless, trustless manner.
How does this help people looking to stake ETH for rETH?
One potential avenue for this outcome would be those that share similar values (e.g. decentralization) and those that are being onboarded into Web3 via ReFi (regenerative finance) to go to Rocketpool first. In addition, KlimaDAO will form a marketing partnership with Rocketpool to help amplify the partnership. Lastly, KlimaDAO will be able to use this type of content at the numerous conferences that the DAO leaders attend.
How does this help rETH holders?
Holders will be able to know that their LSD is the first carbon neutral staking derivative out there. It has the potential to align with their values all the while being able to achieve this in a permissionless, trustless manner.
How does this help people looking to run a Rocket Pool node for the first time?
It could give the ability for new Rocket Pool node operators the ability to offset their operation.
How does this help people already running a Rocket Pool node?
It will give the ability for those that have historically been supporting PoW till now to offset their operation.
How does this help the Rocket Pool community?
The Rocket Pool community will be supporting Web3 for off-chain impact such as the Voluntary Carbon Market. The community will have an open line of communication in the KlimaDAO server to ask any questions they may have.
How does this help RPL holders?
Similar to the above answers, RPL will be able to know that they’re supporting the on-chain carbon market, which we believe is the future of the compliance market. RPL holders will know that their protocol is carbon neutral, has taken a stance against the negative blockchain narrative, and showed support for the reality that Web3 can and will make a significant impact in our day to day lives.
What other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?
KlimaDAO and the entire Klima Infinity cohort, which now includes major protocols, Voluntary Carbon Market, and blockchains.
Will the resulting project be open source?
Andrew Bonneau - Head of Partnerships & Co-Founder
Json - Klima Infinity Business Development
Vishal Kapadia - Head of Customer Engagement
Liam Ellul - Head of Business Development Infinity
And more at our Twitter: h ttps://twitter.com/KlimaDAO
Who is doing the work?
Json - Klima Infinity Business Development
Klima Infinity Team - (Devs, Partnerships, Marketing)
Rocket Pool Team/DAO
What is the background of the person(s) doing the work? What experience do they have with such projects in the past?
The KlimaDAO contributors are industry experts with numerous years of experience in the Voluntary Carbon Market and Web3. KlimaDAO is also closely partnered and advised by leaders within the compliance markets. If the community would like a detailed breakdown of experience we can provide.
Rocketpool is a global leader in Ethereum staking.
What is the breakdown of the proposed work, in terms of milestones and/or deadlines?
- The DAO/Protocol Team would work with KlimaDAO to offset the historical emissions. This will be done via the KlimaDAO permissionless retirement aggregator.
- The DAO/Protocol Team would help with co-marketing that Rocketpool is now carbon neutral.
- The DAO/Protocol Team would work with KlimaDAO team to open a line of communication for node operators to offset their emissions future, past, and present.
- The DAO/Protocol Team would work with KlimaDAO team to create a way for node operators to opt-in and automate their carbon offsetting.
How is the work being tested? Is testing included in the schedule?
Testing will be required for offsetting automation, however, everything else has been tested and is a proven tool.
How will the work be maintained after delivery?
A channel will be opened up on the KlimaDAO discord server. Maintenance for automation will be dependent on the scope of the work and the final state of contracts.
Payment and Verification
Payment upfront for historical offsetting and officiating Klima Infinity partnership is required. Individual node operation offsetting will be dependent upon the node operators unless Rocket Pool wants to match contributions for PoW contributions.
The historical footprint of the Rocket Pool is approximately 693.85 tonnes. KlimaDAO proposes to offset 1000 tonnes. However, KlimaDAO would love for Rocket Pool to contribute to offsetting Ethereum’s historical footprint in addition to the proposed amount, we will leave the amount of this additional contribution up to the community and team.
Cost varies depending on the type of tonnage used.
BCT - $0.94/tonne
NCT - $1.68/tonne
MCO2 - $1.86/tonne
More information about the on-chain carbon market at our carbon dashboard: h ttps://carbon.klimadao.finance/
Based on the contracts here: 🤝 Contracts & Integrations | Rocket Pool
Methodology for estimating carbon footprint here: https://carbon.fyi/
0x2cac916b2A963Bf162f076C0a8a4a8200BCFBfb4 - 55.32 tonnes
0x1d8f8f00cfa6758d7bE78336684788Fb0ee0Fa46 - 29.70 tonnes
0x4D05E3d48a938db4b7a9A59A802D5b45011BDe58 - 608.83 tonnes
Total: 693.85 tonnes
What is the acceptance criteria?
Transaction hash for the historical offset, marketing material posted, and automated offsetting group chat created.
Future goal would be to have the ability for node operators to opt-in to automated offsetting.
What is the proposed payment schedule for the grant? How much RPL and over what period of time is the applicant requesting?
100% of the historical offsetting payment upfront which only costs anywhere from $930-$1860. Additional historical contribution is dependent on the decision of the community and team.
Marketing and automated offsetting should require no funding.
How will the GMC verify that the work deliveries match the proposed cadence?
KlimaDAO will provide GMC an update on activity 1 month following the acceptance of the grant. If automated node offsetting is desired, KlimaDAO will give regular updates to GMC. Frequency of updates will be proposed and agreed upon by both parties.
What alternatives or options have been considered in order to save costs for the proposed project?
Conflict of Interest
None, this is for the benefit of the entire Ethereum ecosystem.
Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).
Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?```
No. The retirement aggregator only helps to bring volume and demand to on-chain carbon and this only indirectly helps KLIMA liquidity. However, the amount of offsetting proposed should have a minimal impact.