What? A community-funded, expertly advised ecosystem funding high impact
climate projects.Why? Climate disaster is driven by broken incentives; we can do better.How? Spirals building green money legos for infrastructure players to bake
this into the rails.
Joining Spirals means opting in to a new economic paradigm that values natural
capital. Choosing a world with positive externalities where economic and
ecological incentives are aligned.
Spirals finances climate impact through yield earned on tokens like ETH & USDC.
When users & protocols deposit into our token vaults, they get issued an
equivalent amount of green tokens (gTokens). These gTokens represent the
original deposited asset earning passively for funding climate projects, and
shares of your certified on-chain climate impact through Spirals.TODO: link to green tokensDefining climate impact is something we take very seriously, looking far beyond
carbon markets and beyond carbon. More on that
here.Read more on our blog:
Currently, being climate-positive is at odds with financial success. This just
scratches the surface. We’ve been diving into incentives driving the climate
crisis and outline the most acute ones in the next section.Broken Incentives cause systemic climate problems
At a high level, Spirals aligns financial and ecological outcomes by tapping
into the returns generated by natural capital as an asset class.People will opt for earth-positive actions only once they are easier, cheaper
and tastier. To get there, we believe we need a major recalibration of
incentives. The blockchain is a set of tools we can use to experiment with
incentives.If this sounds interesting, we hope you join us in a journey through these docs
as we break down how we make this possible.
The Spirals ecosystem has several key stakeholders:
Projects are financed proportional to member allocation preferences. In
return for capital, these projects return tokenized natural assets.
Backers deposit tokens and receive back a green version of the token. This
green derivative, or Impact Token, can (1) always be redeemed or (2)
transferred & used like any other token.
Experts in climate can join our
Climate Council. They have authority to
verify (or remove) climate projects.
Buyers purchase and retire carbon credits to claim offsets.
The ecosystem creates a regenerative flywheel. We’ll go deep in later sections.