Flowcarbon expands carbon credits on Celo

Flowcarbon, a company that provides on-chain and off-chain solutions to reduce carbon, has entered into a series of profitable blockchain market infrastructure partnerships.

It integrates with AMM protocol and DEX Ubeswap, Ubeswap-enabled dApp Flywallet, SDK and transaction router Node Finance, mobile wallet Valora. press release.

Create infrastructure for using carbon credits on Celo

Together, these partnerships will create the necessary infrastructure to use Flowcarbon’s tokenized carbon credits across Celo blockchain features and applications. Flowcarbon Chief His Blockchain Officer Phil Fogel commented:

Flowcarbon is creating a market infrastructure for carbon credits in a much simpler way that addresses the inefficiencies, pain points, and high costs of the current OTC market. We give people transparent pricing, unlock access for individuals and small businesses, and eliminate expensive brokerage fees and manual processing.

Celo users can trade between ERC20 tokens

The AMM protocol Ubeswap allows Celo apps and users to trade on all ERC20 tokens and provides the decentralized infrastructure needed to integrate tokens across the Celo blockchain.

It is behind a robust application ecosystem that allows GNT and other Flowcarbon tokens to be used for everything from lending to offsetting.

Evan Kereiakes, Head of Business at Ubeswap, said:

Ubeswap is pleased to partner with Flowcarbon to bring the benefits and liquidity of Flowcarbon’s ReFi ecosystem to more people. This starts with the launch of a new GNT/cUSD liquidity pool. The decentralization goals of both Ubeswap and Flowcarbon will be accelerated as more liquidity and users enter the ecosystem.

Main flow carbon integration

By enabling Celo assets to be purchased, used and held on mobile phones, Valora ensures a seamless experience for all users new to cryptocurrencies. They can be used across Web3 dApps and offer retail users a way to reduce their carbon footprint.

Transparent carbon offset pricing

The Node Finance App allows users to determine the best available price for GNT, make trades in fewer steps, and provides routing between Celo apps.

This solves a major problem with existing voluntary markets: insufficient price transparency to offset carbon.

Finally, Flywallet allows people to save money on flights and offset the carbon footprint of those flights.