Change Code: Permissionless Results-Based Funding for Public Goods
Developing a token protocol to monetize impact, Change Code uses Change Credits for web3 native carbon credits and other economic externalities, promoting profitable sustainable practices via innovative ReFi/DeFi primitives.User Review
AI Review
A1
Reviewed on 6 Aug 2024 11:01 PM
Advance Token Engineering: Projects must advance token engineering within one of the following categories: tooling, research, education, social infrastructure, consulting.
The project advances token engineering in the category of tooling by developing the Change Credits protocol which is a new ReFi/DeFi primitive for impact tokenization and monetization. This aligns with the eligible categories.
Contribute to the Superchain: Projects must contribute to the growth and development of Optimism or the broader Superchain ecosystem. Applications must include the following elements: - Description of the long-term vision for impact - Specification of short-term goals and milestones within the scope of the grant - Agreement to participate in TEC's impact evaluation process leading to the Retroactive funding round in November
The project has a long-term vision to make purpose profitable and drive funds to public goods using their protocol. They have specified short-term goals such as completing migration to the OP ecosystem and conducting a pilot project. They agree to participate in TEC’s impact evaluation process.
Project Credibility: - Summary of project’s existing work with relevant links - Verified Github and/or Twitter account - Brief bios of the project’s team members
The project provided a summary of their existing work and relevant links including their Github and documentation. Their Github (https://github.com/change-code-io) and Twitter (https://twitter.com/changecodeio) are verified. Brief bios of team members were provided.
Returning Grantees: - Updates on the work accomplished since their last grant - Self-assessment of the effectiveness of their use of that funding
The project has provided detailed updates on their accomplishments since their last grant, including migrating their contracts to the OP Stack and extending their carbon tokenization setup. They acknowledged that the previous funding helped them continue building despite limited resources.