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Carbon Markets, KlimaDAO, a blockchain scaling solution, and Sushi, a DEX and margin trading and lending app, have launched the world’s first carbon offset integration in the Polygon ecosystem. press release.
Project users can choose to cover the carbon emissions of their transactions for a nominal fee. Carbon credit offset equals 0.02 MATIC per transaction.
This innovative project uses Chainlink Automation to enable automation of offsets on the chain. The Chainlink Automation node routes through the KlimaDAO retirement aggregator and bundles the user’s opt-in her transactions so that every 24 hours he activates one offset.
Aggregators perform offsets. Neither Sushi nor KlimaDAO need to do any additional activities to achieve the offset and this on-chain climate solution is fully automated.
DEXs are one of the most energy-intensive blockchain entities, but given the high frequency of transactions facilitated by DEXs, Polygon’s Sushi is a lightweight solution.
The network operates proof-of-stake, and the recent merge of Ethereum has potentially reduced the network’s emissions by as much as 99%.
Previously, members of the Sushi ecosystem voted to work with KlimaDAO to develop a carbon offsetting solution for DEX.
The project reflects a broader trend of the Web3 project showing that there are tools and motivations to tackle harmful emissions and mitigate the climate impact of blockchain technology.
The partnership also demonstrates that green fees can be integrated into software and web applications, enabling users to scale up their climate finance.
