Corpsemen (💀,🌳) a.k.a ReFi Degens

💀 We ride or die for @OpenForest_
🎨 Pfp by @Serste2
🤑 Become a #ReFi Degen (link)

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

So the question I think is how are we going to thoughtfully leverage this technology to solve for real urgent and relevant issues that are affecting us🍀
@OpenForest_
6/6

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

🍀@ozymandius_ on AI & OFP:
OFP in a sense is relevant for any remote sensing/AI project trying to train data of forests around the world. I think that as we bring more data on chain, there'll be better opportunities for licensing & monetizing data for the training of AI
1/6 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

You can use AI for an infinite number of things, you can genetically engineer for an infinite number of things. You can iterate on materials for an infinite number of things.
Yet we as humans have real problems we're trying to solve real time frames to solve those problems
5/6 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

The nature of value is changing, the value of nature is moving on to blockchains. We want to build a system that can iteratively grow with innovation.

- @ozymandius_ , Michael Kelly on the nature of @OpenForest_ and what the project seeks to achieve 🍀

#OFP

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

These credits are the first iterations of trying to quantify and understand how can we entangle natural value with other types of value in the world that we normally operate with 🍀

2/2

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

🍀 @ozymandius_ view on new credits(water, plastic):
We're witnessing this conversation of realizing that nature has value. When we start to realize that, we're trying to tie the value of nature into other systems of value. Be it fiat currency or crypto or something else.

1/2 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

So a validator might use a sensing tool to see if there was a forest fire. Another validator might be in the local community & go check on it physically, so on. The 30 day time frame gives enough time to look at the data from enough angles to decide if it's legitimate & vote.
6/6

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

Life of an @OpenForest_ Validator by @ozymandius_ :

We deploy locked tokens to validators for 7 years. That means that they get free tokens to validate with & earn rewards from. They're required to stick around for seven years, do their job the right way & not degenerate.
1/6 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

... and then every year thereafter that. These validators are not looking at data in isolation, they're looking at the historicity of the project combined with the other perspectives of what other validators are bringing.
5/6 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

Verra, Gold Standard, Pachama, remote sensing companies and and our own verticals all live harmoniously on Open Forest Protocol and the project operators have a robust market of solutions to choose from with differing tradeoffs of what kind of credit they end up creating 🍀
3/3

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

🍀 @ozymandius_ on the variability of @OpenForest_:

It's a plug for upgrading the nature based voluntary market to a Blockchain infrastructure. From that sense, this is not a competition narrative. The premise of open value viewed crypto economic systems is that...

1/3 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

it's a benefit to the commons. All the stakeholders are working with the aligned incentive to use the solution as best as they would like to. That's what we're in the process of unfolding and and encouraging in the best case scenario.

2/3 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

could build their own custom solution on #OFP in the same way as they're operating. Instead of that report being filed away in an analog file cabinet, on the verification network & protocol of OFP. So all can see what's verified, how many assets are created & where they go 🍀
3/3

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

🍀 @ozymandius_ on the variability of @OpenForest_ :

We have a structure in place that aligns with best practices of what maybe a legacy voluntary carbon market reforestation project would desire in terms of sample plots, measurements, being on the ground, so forth.
1/3 ⬇️

[Corpsemen (💀,🌳) a.k.a ReFi Degens @thecorpsemen]

We leave it open for the technology to evolve or for new solutions to come onto the market and try their lot in the market to see if they can get market adoption with their solution. The Gold Standards, the Verras to some degree, the Pachamas...
2/3 ⬇️