dovuofficial / cdov Goto Github PK

Welcome, Gitcoiners! 👋

We are initially setting the price of this bounty to 3,500,000 DOV.

At DOVU we have been working hard carving our future and designing new methods to how we can store carbon as a digital asset, or more precisely how can we store the potential offset value of carbon as a speculative asset.

The cDOV token represents a new asset type in DeFi where a single cDOV will always equal 1 tonne of carbon.

In order to achieve this, the cDOV will be an elastic supply token (you can tell through our fork of AMPL) using a carbon price oracle, furthermore, we wish to add a capacity for passive-income yield for living a carbon-neutral life. Our vision is for the yield returns to be maximized so that large holders of the token are disincentivized from their tokens.

The average carbon consumption for an individual is 4.8 tonnes a year. In this case, holding 4.8 cDOV will entitle a user to receive a 100% APY, this will evolve into an effective mechanism for living a verified carbon-neutral life. If the price of a tonne of carbon increases users will be prompted to top-up their balance but this may not be required due to the market forces in a DEX.

Without going into detail phase of our plan is to create a carbon market, extended from Ocean, where the yield can be deployed against carbon offsetting projects.

Have a read of our newest whitepaper

https://blog.dovu.dev/dov-v2-whitepaper-cdov/

In particular, have a look at the The DOVU carbon token flow section.

The cDOV token is building upon the works from AMPL and Rebase Capital, feel free to use any code from those projects.

In terms of deliverables, expect that these items are going to be a combination of both Solidity and JS.

• Implementation of a Carbon Price oracle and a Carbon Footprint oracle upgradeable contracts.
• Implementation of the latest carbon price data feeds using a range of pricing from different sources.
• Implementation of a data feed oracle for the average carbon footprint of an individual.
• Design of an interface and example base contract for an upgradeable passive yield mechanism.
• Documentation of these contracts and the code in general.
• Open communication, a solid handover, and feel free to question us at any time.

If you have experience in creating external adaptors and submitting to external nodes to chainlink that will be a huge benefit as we move to use decentralized oracles.

You'll be working with me and I will get on a couple of calls with you to learn from your work and your approach. I will be researching data sources for APIs for both carbon pricing and carbon footprint data to support you.

Our plan at DOVU is to bring more community members to work with our technology.

Thank you.