Toucan

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](https://app.toucan.earth/) *The platform maintains its focus on bridging carbon markets with DeFi infrastructure.*

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.

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.