🚩Introducing Carbovalent

Bringing Regenerative Finance (ReFi) to Solana

Carbovalent’s mission is to accelerate the advent of a Net-Zero future by unlocking scale for the Voluntary Carbon Market (VCM). Carbovalent is building technology to power carbon assets and their regenerative finance (ReFi) applications on Solana, an environmentally-efficient proof-of-stake network. We aim to integrate the carbon market on-chain and provide unrestricted access to carbon assets through transparent means of sourcing, bridging, trading, and retiring tokenized carbon credits.

Carbon credits are highly complex and unconventional assets. Unlike any other asset class, credits combine all the features below:

  • They have a vintage (expiry) date

  • They have one-off retirement redeemability

  • They are deflationary and regenerative assets

  • They are highly heterogeneous assets

To truly represent carbon assets and their unique features we have curated the Carbovalent Protocol, serving as the proposed infrastructure that can introduce carbon assets to the Solana blockchain. The protocol modules are designed to gradually create exposure for carbon assets and their derivatives, optimize their ReFi application and ultimately achieve a highly liquid and transparent Carbon Economy housing standard-approved carbon assets.

Overview of the Carbovalent Protocol modules:

  • Initial screening and review of carbon credits according to the Sourcing Standard, a comprehensive assessment matrix determining credits’ validity, quality, and eligibility for bridging. The standard ensures that only high-quality, integrity, and impact credits enter the ecosystem.

  • Standard-approved carbon credits are deployed onto the Solana blockchain using the Morpheus Carbon Bridge. An on-chain portal that allows anyone to tokenize carbon credits bringing them into the ReFi realm.

  • SPL Reference NFTs are minted representing bridged credits, they can be fractionalized into tradable or redeemable SPL tokens.

  • Carbon credit index tokens and other derivative tokens can be traded on the Carbovalent DEX powered by Serum's Central Limit Orderbook (CLOB).

  • Carbon credits' project information, organic heritage, vintage, verification status, transactional history, ownership, mercury rubric score, and other relevant information are displayed on the Carbovalent Dapp, accessible by connecting a Solana-compatible wallet to the Dapp.

Using Web3 we can bring transparency, accessibility, and scalability to the VCM. Our goal is to synergize the efforts of developers, climate experts, carbon projects, and the rest of the population while rewarding their contributions to our battle against climate change.


All claims, content, designs, algorithms, estimates, roadmaps, specifications, and performance measurements described in this project are done with the author's best effort. It is up to the reader to check and validate their accuracy and truthfulness. Furthermore, nothing in this project constitutes a solicitation for investment.

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