Carbonic

Carbonic Finance is an algorithmic stablecoin protocol bringing sustainability to the Polygon ecosystem through carbon-backed treasury reserves.

Inspired by Tomb Finance, the Carbonic protocol uses seigniorage mechanisms to ensure price stability and to enable bonding $BCT carbon credits, permanently locking carbon in its carbon reserve.

By pegging the protocol to the price of $BCT, Carbonic can algorithmically represent the value of more tonnes of carbon removed from the environment with an elastic supply of $CO2. This representation can also generate yield opportunities with seigniorage.