Tasks
Solid World is a DeFi platform that allows climate project developers to access working capital and carbon credit buyers to access quality supply at market rates.
Current problems of the voluntary carbon market:
- Carbon projects face challenges accessing liquidity, which prevents them from scaling up their operations.
- The carbon market is fragmented and opaque, which makes it difficult for suppliers to meet demand and find the right organizations to finance them.
Solutions:
- Solid World enables carbon projects to sell forward credits at a discount, bridging the funding gap and enabling them to thrive.
- CRISP framework provides a standardized way to assess the risks of carbon projects, empowering all industry stakeholders to make informed decisions.
- Solid World connects carbon projects with potential buyers.
Offer for Suppliers
DeFi platform allows carbon project suppliers to access working capital by forward-selling their carbon credits.
There are several benefits to using Solid World for early financing:
- Suppliers can access working capital even before their carbon credits are certified during the project development or registration phase.
- Suppliers make decisions by themselves about selling carbon credits in the desired quantities as long as the price is attractive.
- The DeFi platform reduces or eliminates the need for additional administrative inquiries by providing comprehensive project information and a transparent evaluation process.
- DeFi platform attracts more investors because of the ability to buy and sell carbon credits in a transparent and regulated way.
To access working capital, suppliers need to follow these steps:
- Submit their carbon project to Solid World’s team.
- Go through the CRISP scoring process and Curation Council approval.
- Onboard and tokenize their carbon project. Each token represents a promise to deliver one carbon credit in the future.
- Start stream selling their forward credits to Solid World’s pools.
Offer for Buyerss
Benefits:
- High-quality inventory: Solid World only lists carbon credits that have undergone a rigorous evaluation process. This ensures that the credits meet the highest standards of quality and authenticity.
- Transparent pricing: Buyers can easily calculate the deal price before making a purchase. This transparency enables distributors to negotiate contracts and pricing with confidence.
- Stream buying: Buyerss can purchase carbon credits in the exact quantities required 24/7.
- Publicly available CRISP reports and contracts: All CRISP reports and underlying signed contracts for the listed projects are made publicly available.
Project buying process:
- Go to the project page on the Solid World platform.
- Connect your wallet.
- Select the project tokens you want to buy.
- Pay for the tokens using the CRISP-scored pool token.
Solid World allows buyers of forward carbon credits to take their credits off-chain. To initiate this process, buyers need to contact Solid World and request to take their credits off-chain. Solid World will then burn the project tokens and notify the supplier of the contract transfer. The supplier will then deliver the carbon credits to the buyer off-chain.
