Popcorn Network chooses Patch to carry out CO2-neutral defi

Popcorn Network chooses Patch to carry out CO2-neutral defi

[Press Release - Berlin, Germany, 5th October 2021]

Popcorn-Netzwerk has integrated with Patch , an API-First-platform for CO2 disposal that enables companies to neutralize their CO2 emissions through high-quality and effective projects for CO2 removal.

A smart contract emissions dashboard developed by Popcorn, which is informed by patch-based Ethereum network emissions data, enables the CO2 effects of any intelligent contract execution. Patch intervenes from here by providing automated contributions to a wide range of climate protection and emission projects. This includes frontier-negative emission technology and natural-based carbon binding projects.

cryptocurrencies were under fire in 2021 because many recognized the high energy consumption of proof-of-work mining. Due to the strong presence of defi and NFT protocols in the still pow ethereum, these sectors were often criticized for their choice of platform. In general, very few crypto projects take care of sharing their very important income and income with organizations with a social effect. Even if every defi and NFT protocol would switch to a proof-of-stake blockchain, they will still have a certain influence on CO2 and social costs.

Popcorn Network was founded to provide an alternative method for providing sustainable defect by 50 % of the fees raised to a major impact on a list of organizations curated by the DAO. In addition, achieving CO2 neutrality was the original goal of the project. Thanks to the patch and the open source APIs for smart contract emissions, popcorn can redeem its promise.

Defi and Green Initiatives are a natural connection, since the users have more incentives to contribute to social purposes by sharing part of a much higher yield. By using Hysi, the High-Yield index of Popcorn, which is to be published in the fourth quarter, users will contribute more to social purposes than a traditional bank would grant them on interest-and at the same time keep the majority of the return from their own assets.

"Popcorn guarantees an environmentally friendly performance by compensating for its CO2 footprint thanks to patch, regardless of how many users and TVL we are probably accumulating. This is a new paradigm for banking that enables us to scale the effect and at the same time achieve competitive returns for our users. Kisselgof, co -founder of Popcorn. Founder and CEO from Patch. "Popcorn is working on realizing this potential by compensating for its emissions that are shown on Ethereum, and providing an important part of the yield for highly effective projects for CO2 disposal and compensation."

via popcorn network

popcorn is a new environmentally friendly paradigm for Defi, in which users can achieve high yields with their crypto-assets and at the same time achieve effects on the real world. Protocol fees are not only distributed to pop-token owners, but also to influence initiatives selected by the community. Partnerships with CO2-negative projects ensure the positive overall effect of the protocol and enable users to combine personal benefits and at the same time make a contribution to society.

smart contracts offer the opportunity to integrate social issues in defi by contributing a significant percentage of fees to achieve effect. For this reason we developed popcorn. We believe in doing good with defi.

about patch

Patch is an API-Erdest marketplace for carbon removal, which enables companies to buy seamlessly from a gram of carbon removal from individual projects. This microtranction access enables companies of all size to work on CO2 disposal projects and neutralize emissions with granularity that is required for embedded applications for CO2 disposal, such as climate-neutral shipping, travel and climate-friendly financial services products. As an API-First platform, Patch aims to create a future in which every trading transaction-every arrival of a credit card, retail delivery and Bitcoin purchase-automatically compensates for the inevitable emissions.