AboutReFi DAO is a founder-led startup community that accelerates impact for people and planet. We're working to embed Justice, Equity, Diversity and Inclusion into the heart of the ReFi movement...Thanks to a successful GR13 grant round from generous donors, we secured over $22k in funding. With it, we accomplished a number of objectives while retaining $9,863 in reserves. We have detailed each initiative and their updates in our: GR13 Grant Round Update.Core thesisWe believe the greatest point of leverage to accelerate impact is found in the quality of relationships and the depth of interactions between founders in the ReFi movement.If we can create deeply aligned clusters of ReFi founders in local and global communities, we will witness a new era of human and planetary flourishing known as the “Regenerative Renaissance”.We can do this by nurturing regenerative culture through education and events and building coordination tools for identity, incentives and accountability.What is next?
For the next twelve months, we’re focusing on two core areas to fulfill our mission and vision.
We are building a new culture at the unlikely intersection of climate action and web3 with an intention to propel humanity into a regenerative economy and beyond.
There are a variety of community-led initiatives that have emerged within ReFi DAO that help co-create and cultivate a regenerative culture in web3:
For more information on any of these activities, click on the links above.
Culture Build Budget: 50% of grant proceeds
*ReFi Podcast has received grant funding from Climate Collective and will not receive any funding from Gitcoin GR14.
We are building a new protocol that allows ReFi founders to:Experience ReFi cultureEarn trustCoordinate action for real-world impact
This vision for a protocol emerged at a ReFi Spring event in Portugal in April between friends from Toucan, Flowcarbon, Regen Network, Eden DAO, New Atlantis, Impacta and IDEO.
Three protocol components
There are three key components of the protocol we are building:
1. ReFi Passport — culture & trust
A ReFi Passport is allows anyone to join ReFi DAO by minting a ReFi orb while making a commitment to accelerate impact through a voluntary membership fee which can either be a voluntary tax or an annual subscription.
This voluntary membership is one of the core ways that members can earn REFI tokens.
Tokens are issued as a function of the impact of a member’s on-chain wallet activity as attributed by an impact score. The impact score is multiplied as a function of the membership fees, capital lock-up and other factors.
We are also creating scholarships and programs to allow members to receive and earn REFI tokens to encourage participation from low-income communities.
The issuance of ReFi tokens is a proposal-driven policy mechanism, as are the drivers of the impact score.
Culture & plasticity
Inspired by the work of Ene SS Rawa in our community, we are exploring how ReFi Passports can cross-pollinate connections between members based on their levels of commitment, experience and aspirations in the space so that:
New founders can meet other new foundersExperienced founders can hang out with their peersNew founders can find mentors through willing experienced founders
2. Impact Gauges
Defining impact objectively is an impossible task. Outside of measuring a ton of carbon, it’s difficult to evaluate the ecological and social benefit of various activities.
We’re designing a protocol that allows for our community to reach consensus about what impact looks like to this community over a specific period of time. In doing so, this unlocks a new level of coordination to address the challenges of:Climate changeEcosystem collapseSocial injustice
We’re working on a couple primitives that combine conviction voting with curve-style gauges to create an impact score for on-chain activities so we can enable ReFi DAO members to coordinate with other members towards campaigns that incentivize the market to perform behaviors such as:
Providing liquidity for GNT, NBO or NCT (nature-based carbon credits)Burning BCT (Base Carbon Tonne)Encouraging UBI donations (Universal Basic Income)Buying ecosystem credits (Water, Biodiversity, etc.)Participating in key governance decisions
3. Impact Explorer
In order to ensure the REFI token and impact gauges are incentivizing real-world impact, we are building an Impact Explorer which bridges the gap between the on-chain and off-chain world.
You can imagine a visual network explorer with two layers:On-chain activitiesOff-chain activities
This component would allow researchers, policy advisors, impact investors and DAO members to inspect the relationship between on-chain and off-chain events. Given both of these are complex systems, this is about doubling down on the power of transparency and accountability provided by public blockchains.
We’re still in the research and development phase, and would welcome conversations with interested partners.
Protocol Build Budget: 50% of grant proceedsWe’re actively exploring partnerships to build out each of these primitivesWe are speaking to climate-conscious VCs about raising within the next 12 monthsDepending on the actual grant funding allocated, we will build accordingly