Toucan Protocol Goes Open Source and Launches Cedar
Toucan Protocol Goes Open Source and Launches Cedar
🌳 Protocol Sets Itself Free
Toucan Protocol announces two major developments in their ecosystem:
- The protocol is becoming open source, transitioning to a public good
- Launch of Cedar, a new complementary venture
The protocol continues to facilitate carbon credit transactions, as demonstrated by recent user activity. Notable features include:
- Simple process to buy and retire CHAR tokens
- CHAR tokens backed by carbon removal credits
- Retirement certificates issued on-chain
- User-friendly interface at app.toucan.earth
The platform maintains its focus on bridging carbon markets with DeFi infrastructure.
🚀 Big news from the Toucan ecosystem. We’re open-sourcing Toucan Protocol, transforming it into a public good. And we’re spinning out a complementary venture: Cedar 🌲 Full story in our blog: blog.toucan.earth/toucan-protoco…
Base x Toucan Partnership
Toucan Protocol and Base have announced a strategic partnership to enhance carbon market infrastructure. This collaboration aims to bring carbon credits on-chain, making them more accessible and tradeable. Key developments: - Integration of Toucan's carbon tokenization protocol on Base - Focus on improving carbon market transparency and liquidity - Enhanced accessibility for DeFi users to participate in carbon markets The partnership represents a significant step toward bridging traditional carbon markets with blockchain technology, potentially accelerating climate action through decentralized finance.
Cross-Chain Support for $CHAR Now Live
Toucan has launched cross-chain support for $CHAR carbon pool tokens, enabling seamless transfers between Base and Celo networks. This development marks a significant step in enhancing the interoperability of carbon-based assets in the Web3 ecosystem. Key points: - Users can now transfer $CHAR tokens between Base and Celo - Access the feature via the 'Cross-Chain' option on app.toucan.earth - This update aligns with the growing trend of cross-chain functionality in DeFi The move aims to increase liquidity and accessibility for carbon-based assets, potentially boosting adoption in decentralized climate finance.