DECA
Designing a DAO-managed, cryptocurrency-based climate fund protocol using carbon credits as collateral for financing socio-environmental projects.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:33 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project description does not provide specific information regarding the inception date of the project, making it impossible to determine if the project meets the 3-month minimum age requirement.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
The project DECA is explicitly focused on climate solutions, given it aims to utilize carbon credits and a cryptographic algorithm to finance projects with environmental impact, thus helping to reduce GHGs as part of its core mission.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
Information is not provided as to whether DECA has received previous rounds of funding and, if so, no progress report is mentioned. Hence, it's impossible to evaluate if there's been sufficient project progression since any possible previous funding rounds.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
Since the proposal does not provide information on whether DECA is a returning grantee or reveal details regarding an updated proposal, learned lessons, or intended use of additional funding, this criterion cannot be evaluated.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
Based on the project description, DECA is working on a decentralized crypto climate fund protocol using carbon credits, which is a plausible and relevant approach in today’s context of blockchain and DeFi platforms aimed at climate solutions. It sounds within the realm of viability for someone familiar with web3 technology and climate solutions.