Protocol Carbon Neutral Proposal Akash

Governance
1

*This proposal provides details for acquiring carbon credits via Nature Carbon Ton tokens from Osmosis and City Forest Credits from Regen Marketplace.

Background

The environmental cost of blockchain technology is often cited as a problem that needs to be tackled before widespread adoption. Proof of Work consensus algorithms, such as those in use by Bitcoin and Ethereum, create an arms race of computing power in order for a miner to be the first to create a new block and so obtain the reward.

Cosmos’ Proof of Stake validation system drastically improves on this by making this competition take place over attracting more delegation of stake from users. Validators are not required to perform deliberately complicated calculations and so can run on relatively low power machines. However, these machines are still required to be online 24/7 and perform calculations to confirm each block as it is generated. This results in a carbon footprint for each blockchain in the Cosmos ecosystem.

Based on feedback from carbon footprint data reported by validators of Regen Network, Akash is projected to emit at most 5,250 tons a year in carbon, negatively affecting our climate.

CosmosZERO Program: https://regennetwork.notion.site/Cosmos-ZERO-Achieve-Protocol-Validator-Net-Zero-Carbon-Emissions-ddd441e3ff3d4dbda83265433843ec10

CosmosZERO Carbon Footprint Analysis: https://docs.google.com/document/d/1H-w4dBc1Svcmw_fzEKUFRgK_pga1qsGMHCTsUKUmWEA/edit

Proposal Details

Proposal: Make Akash Carbon Neutral by Purchasing and Retiring (95% of Nature Carbon Ton and a 5% of City Forest Credits)

  • Voting YES to this proposal indicates approval to address Akash carbon emissions footprint by purchasing 4,987.5 (USD $14,962.50 at USD $3 a credit) of Nature Carbon Ton and 262.5 (USD $10,500 at USD $40 a credit) of City Forest Credits at worst case projections representing the 2022 carbon footprint of Akash.
  • Voting NO to this proposal indicates that this funding should not be allocated.

Based on feedback from carbon footprint data reported by validators of Regen Network, and applying worst case scenario, Akash ****is projected to emit at most 5,250 tons a year in carbon, negatively affecting our climate.

This proposal asks for a spend of 130,710.98 $AKT (USD $25,462.50 at current price of USD$ 0.19) from the Community Pool to purchase and retire carbon credits to offset Akash 2022 carbon emissions, becoming a carbon neutral blockchain.

This proposal asks for an annual protocol commitment to purchase carbon credits and maintain carbon neutrality over time.

Method

  • Akash ****will purchase 4,987.5 Nature Carbon Ton on the Osmosis exchange from the NCT:Regen Pool. Akash will purchase 262.5 City Forest Credits on Regen Marketplace.
  • Akash will retire these carbon credits on Regen Ledger to offset Akash 2022 carbon emissions.
1 Like
2

Thanks Del Rey for posting.

I am pretty excited to see this interchain partnership blossom. I will be tracking to see if there are more questions I might be able to answer.

Gregory

2 Likes
3

This is a great start, Witval will support it 100%.

2 Likes
4

Thank you for your work, Del Rey! One thing the Akash community could consider is bonding their NCT into an LP on Osmosis for a brief period before exchanging for tokens. This would earn the Akash community some rewards in the form of $REGEN before moving forward and claiming carbon neutral status.

2 Likes
6

This proposal provides details for acquiring carbon credits via Nature Carbon Ton tokens from Osmosis and City Forest Credits from Regen Marketplace.

Background

The environmental cost of blockchain technology is often cited as a problem that needs to be tackled before widespread adoption. Proof of Work consensus algorithms, such as those in use by Bitcoin and Ethereum, create an arms race of computing power in order for a miner to be the first to create a new block and so obtain the reward.

Cosmos’ Proof of Stake validation system drastically improves on this by making this competition take place over attracting more delegation of stake from users. Validators are not required to perform deliberately complicated calculations and so can run on relatively low power machines. However, these machines are still required to be online 24/7 and perform calculations to confirm each block as it is generated. This results in a carbon footprint for each blockchain in the Cosmos ecosystem.

Based on feedback from carbon footprint data reported by validators of Regen Network, Akash is projected to emit at most 5,250 tons a year in carbon, negatively affecting our climate.

CosmosZERO Program: https://regennetwork.notion.site/Cosmos-ZERO-Achieve-Protocol-Validator-Net-Zero-Carbon-Emissions-ddd441e3ff3d4dbda83265433843ec10

CosmosZERO Carbon Footprint Analysis: https://docs.google.com/document/d/1H-w4dBc1Svcmw_fzEKUFRgK_pga1qsGMHCTsUKUmWEA/edit

Proposal Details

Proposal: Make Akash Carbon Neutral by Purchasing and Retiring (95% of Nature Carbon Ton and a 5% of City Forest Credits)

  • Voting YES to this proposal indicates approval to address Akash carbon emissions footprint by purchasing 4,987.5 (USD $14,962.50 at USD $3 a credit) of Nature Carbon Ton and 262.5 (USD $10,500 at USD $40 a credit) of City Forest Credits at worst case projections representing the 2022 carbon footprint of Akash.
  • Voting NO to this proposal indicates that this funding should not be allocated.

Based on feedback from carbon footprint data reported by validators of Regen Network, and applying worst case scenario, Akash ****is projected to emit at most 5,250 tons a year in carbon, negatively affecting our climate.

This proposal asks for a spend of 131,483 $AKT (USD $25,462.50 at current price of USD$ 0.19) from the Community Pool to purchase and retire carbon credits to offset Akash 2022 carbon emissions, becoming a carbon neutral blockchain. The price of the native token would be adjusted based on market price at the time of execution

This proposal asks for an annual protocol commitment to purchase carbon credits and maintain carbon neutrality over time.

Method

  • Akash will purchase 4,987.5 Nature Carbon Ton on the Osmosis exchange from the NCT:Regen Pool. Akash will purchase 262.5 City Forest Credits on Regen Marketplace.
  • Akash will retire these carbon credits on Regen Ledger to offset Akash 2022 carbon emissions.

The price of the native token would be adjusted based on market price at the time of execution

Forum discussion: Protocol Carbon Neutral Proposal Akash - #2 by Regengregory

7

I like the idea to make akash carbon neutral.

  1. Is it correct that the calculation includes all validators on akash - Providers excluded?
  2. Is my understanding correct that the community pool should pay the carbon emissions of all validators on akash?
  3. Are there similar proposals, you are aware of, on other chains right now?
2 Likes
8

Hey there, thanks for asking

  1. All validators, providers excluded
  2. Yes
  3. Here you can find discussions on other networks Gravity Bridge and Juno
9

Akash Cosmos Zero: Offset Akash Validator Set Signaling proposal

This proposal provides details for acquiring carbon credits via Nature Carbon Ton tokens from Osmosis and City Forest Credits from Regen Marketplace.

Background

The environmental cost of blockchain technology is often cited as a problem that needs to be tackled before widespread adoption. Proof of Work consensus algorithms, such as those in use by Bitcoin and other PoW networks, create an arms race of computing power in order for a miner to be the first to create a new block and so obtain the reward.

Cosmos’ Proof of Stake validation system drastically improves on this by making this competition take place over attracting more delegation of stake from users. Validators are not required to perform deliberately complicated calculations and so can run on relatively low power machines. However, these machines are still required to be online 24/7 and perform calculations to confirm each block as it is generated. This results in a carbon footprint for each blockchain in the Cosmos ecosystem.

Based on feedback from carbon footprint data reported by validators of Regen Network, Akash Network is projected to emit at most 5,250 tons a year in carbon, negatively affecting our climate.

Proposal Details

Proposal: Make Akash Carbon Neutral by Purchasing and Retiring (95% of Nature Carbon Ton and a 5% of City Forest Credits)

  • Voting YES to this proposal indicates approval to address Akash Network carbon emissions footprint by purchasing 4,987.5 (USD $14,962.50 at USD $3 a credit) of Nature Carbon Ton and 262.5 (USD $10,500 at USD $40 a credit) of City Forest Credits at worst case projections representing the 2022 carbon footprint of Akash Network.
  • Voting NO to this proposal indicates that this funding should not be allocated.

Based on feedback from carbon footprint data reported by validators of Regen Network, and applying the worst case scenario, Akash Network is projected to emit at most 5,250 tons a year in carbon, negatively affecting our climate.

This proposal asks for a spend of 131,483 $AKT (USD $25,462.50 at current price of USD$ 0.19) from the Community Pool to purchase and retire carbon credits to offset Akash Network 2022 carbon emissions, becoming a carbon neutral blockchain. The price of the native token would be adjusted based on market price at the time of execution

This proposal asks for an annual protocol commitment to purchase carbon credits and maintain carbon neutrality over time.

Method

  • Akash Network would purchase 4,987.5 Nature Carbon Ton on the Osmosis exchange from the NCT:Regen Pool. Akash will purchase 262.5 City Forest Credits on Regen Marketplace.
  • Akash would retire these carbon credits on Regen Ledger to offset Akash 2022 carbon emissions.

Info about the CosmosZERO Program: https://regennetwork.notion.site/Cosmos-ZERO-Achieve-Protocol-Validator-Net-Zero-Carbon-Emissions-ddd441e3ff3d4dbda83265433843ec10

CosmosZERO Carbon Footprint Analysis: https://docs.google.com/document/d/1H-w4dBc1Svcmw_fzEKUFRgK_pga1qsGMHCTsUKUmWEA/edit

About Nature Carbon Ton (NCT) on Osmosis:

Regen Network is launching NCT, Nature Carbon Ton, a premium digital carbon basket of nature-based projects in cooperation with the Osmosis decentralized exchange. NCT is a fungible, IBC-compatible carbon basket backed by nature-based carbon credits that have verifiable ecological benefits issued onto the Regen Ledger blockchain. In order to provide sufficient liquidity for any Cosmos chain or validator to choose to offset their project for multiple years, Osmosis and Regen Network will co-own NCT liquidity, establishing NCT:$Regen and NCT:Osmo pools, with rewards. Once the non-custodial bridge from Polygon to Regen Ledger is completed, these pools will launch, offering not only the opportunity for protocol offsetting via NCT on Osmosis, but protocol liquidity rewards mining.

Forum discussion: Protocol Carbon Neutral Proposal Akash - #6 by InstaDelRey

1 Like
10

Can this be done through the foundation instead of the community pool? What’s the real purpose of doing this prop right now in the bottom of the bear market, for marketing purposes?

Don’t get me wrong, I’m all for making the planet a better place, but I think the timing of selling 131k AKT on osmosis now, for this, is not the best imo.

1 Like
11

I like the idea of Akash being carbon neutral, but this proposal doesn’t seem appropriate given the timing and the spending ask. 10% of the community pool for a decentralized infrastructure project should not be spend on carbon neutrality, that is just too far outside the project’s scope to consider in these early days.

12

Stakecito supports this proposal!

Let’s make the Cosmos ecosystem carbon neutral, create strong interchain alliances such as CosmosZERO, and then help validators and projects to run more sustainable & clean infrastructure, which will reduce their carbon footprint and lower the environmental costs!