• Popcorn Network (POP) collaborates with Patch to develop a carbon-neutral deFi product

  • The two teams will work together to create a carbon-neutral decentralized finance (DeFi) ecosystem that will allow crypto enthusiasts to earn money while supporting charitable causes.

    Patch collaborates with Popcorn Network (POP) to reduce carbon footprint.

    Popcorn Network (https://popcorn.network/), an eco-friendly DAO-governed DeFi ecosystem, has entered a long-term strategic collaboration with Patch, an Ethereum-based carbon removal marketplace, according to a press release shared with ULTCOIN365.

    Patch will track the carbon footprint of every smart contract used in the design of Popcorn Network (POP) as part of this collaboration. Patch will then distribute automated Popcorn Network contributions to cutting-edge carbon offset and removal projects.

    Popcorn Network, through a network of Smart Contract Emissions APIs, will donate 50% of user fees to a DAO-curated list of climate charities.

    Popcorn Network co-founder Michael Kisselgof emphasizes that this is a pioneering attempt to introduce an eco-friendly ethos to the brisk DeFi segment:

    Popcorn ensures eco-friendly performance by offsetting its carbon footprint through Patch, regardless of the number of users or TVL we expect to accumulate. This is a new banking paradigm that allows us to scale impact while providing competitive returns to our users. We are honored to be DeFi’s first green yield optimizer.

    Creating long-term self-sufficiency The DeFi product

    Patch co-founder and CEO Brennan Spellacy emphasizes the collaboration’s positive social impact:

    DeFi has the potential to have a significant social impact while still providing a profit to users. Popcorn is working to make this potential a reality by mapping their emissions to Ethereum and allocating a significant portion of yield to high-impact carbon removal and offset projects.

    Popcorn Network (POPcore )’s offering is a high-yield account program.

    Fees raised are distributed among all holders of its native token, POP, in addition to climate charities.

    What's your reaction?