Uniswap V3 and Green Asset Pools roll out to Celo for #ReFiSummer

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SAN FRANCISCO–(BUSINESS WIRE)–Following the approval of the Uniswap community to deploy on Celo, the Celo Foundation, together with the Climate Collective, partners and the community, is launching Uniswap V3 and green asset pools to help promote a financial system regenerative (ReFi) and natural resource-backed currencies capital on the blockchain. Uniswap’s capital-efficient decentralized exchange brings access and liquidity to the voluntary carbon market, paving the way for partners in the Climate Collective to begin integrating “programmable carbon” and accelerating climate action.

The Celo Foundation’s DeFi for the People initiative further pledged a total of $10 million to support ReFi liquidity to create decentralized financial (DeFi) products and services that promote a regenerative rather than an extractive economy, and encourage the adoption of pools on Uniswap V3.

This is Celo’s first phase of #ReFiSummer, a social media movement promoting awareness of the regenerative economy while encouraging investors and protocols to meaningfully participate in voluntary global carbon markets. As part of #ReFiSummer, Uniswap users will be able to explore the Celo ecosystem and take positive climate action throughout the season.

To kick things off on Uniswap, the Climate Collective and the Celo Foundation will inject liquidity into several pools, starting with the Moss carbon credit token pool CELO/MCO2 and CELO/wETH. The wETH pair will help users connect to other EVM-enabled chains to acquire MCO2 and future ReFi assets launched on Celo’s carbon-negative blockchain.

“At Celo, we have always sought to reinvent traditional financial systems with a regenerative approach, placing value on natural capital and recognizing that people are unique and connected – the core values ​​from which our foundation was built. With the maturation of the first DeFi protocols, we are proud to galvanize and support builders and partners, from Uniswap to the Climate Collective, as well as the wider community, by promoting increased awareness and adoption of ReFi products within of our Celo ecosystem and beyond. – René Reinsberg, President, Celo Foundation and Co-Founder, Celo

Celo hopes to strengthen web3’s ReFi ecosystem by:

  • CO2 offset with every transaction on its L1, totaling 3,168.4 tonnes to date

  • Create green asset liquidity pools with natural capital-backed assets like tokenized carbon credits (e.g. MCO2, GNT, and NCT) and future nature-backed assets like land and forests flowing on Celo

  • Pledging to provide $10 million to support ReFi liquidity

  • Bringing the increased capital efficiency of Uniswap V3 to 6B smartphone users worldwide

  • Continue to use the decentralized governance processes of Celo and Uniswap to augment, if approved, Mento’s reserve with nature-backed assets.

  • Foster pathways for future climate action use cases on Uniswap

About Celo

Celo is a carbon-negative, permissionless Layer 1 protocol with a rich ecosystem of global partners building innovative Web3 applications across DeFi, ReFi, and NFT on Celo to support its community’s mission to create a more inclusive global financial system . Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized proof-of-stake technology stack (the Celo protocol), the CELO token, and several stable assets of the Mento protocol (cUSD, cEUR, cREAL ) that make it easy for anyone to use crypto like cash or other types of currencies – every day. Launched on Earth Day 2020, the open-source mainnet Celo now supports over 1,000 projects created by developers and artists around the world. For more information, visit Celo.org.

About Uniswap

The Uniswap protocol is an open source automated market making protocol that is now the largest decentralized exchange in the world and the market leader for providing liquidity and trading tokens on Ethereum, Polygon, Arbitrum and Optimism. As a decentralized exchange, the Uniswap protocol provides deeper liquidity, near-instant settlement, and seamless integration with other protocols. To learn more, visit https://uniswap.org/.

About the Climate Collective

The Climate Collective is a global coalition of organizations building solutions at the intersection of climate and web3. Launched in October 2021, the Climate Collective began as a Celo ecosystem-led effort to combat climate change and improve community economies. By accelerating innovative technologies through grantmaking, member partnerships, technical advice, and community education, the Climate Collective promotes awareness and adoption of regenerative finance (ReFi) to solve problems global systems.

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