Detailed Plan
Energy Finance is a protocol in decentralized finance that combines blockchain and real world clean energy assets with focuses on real usage reflection of the energy sector with the main objective to grow clean energy adaptation for our blue planet.
We tokenize clean energy asset like solar rooftops as NFT and tokenize renewable energy credit validated from real world IOT meter to be used in DeFi.
Tokenized renewable energy credit token(RET) then shall be used in other DeFi protocols that supports this concept. RET shall be only from real world validated energy meter (IOT device) from clean energy asset that owned by community fund via NFT sale
3 Main features that shall push the limit of DeFi to develop clean energy
- Utility Pay : Use ADA or your beloved token to pay utility bill and get reward as DeFi token
- GridPool : The stake pool that represent actual renewable energy ratio in that particular grid
- eNFT : energy NFT that shall represent ownership over linked asset from real world like community solar rooftop
More information about all features, please visit <u>https://docs.energyfinance.io/</u>
Why Clean Energy in DeFi?
With more awareness about climate change and demand in clean energy globally, there are so much clean energy assets that are under invested especially in developing countries. While DeFi fund flow is growing rapidly from the use cases like AMM, lending, etc… BUT there is no way around to use these great features for clean energy. So we would like to promote more DeFi use case with clean energy that actually help developing both DeFi and real world economy.
Advantages of Energy Finance
- We are the first of its like to bring tokenized renewable energy credit to use in DeFi
- Unique model of NFT to get clean energy project funding. From community for community
- Our team already work on clean energy business and owning solar rooftops asset that can be provided for a pilot
- With Energy Finance protocol, we could work with other protocol that already excel at existing DeFi feature like AMM and others.
Success DeFi X Clean energy will look like
- Within 3 months, Create the first collection of NFT that represent solar rooftops asset on Cardano
- Within 3 months, create a smart contract that support the model of eNFT to share clean energy benefit to eNFT holders
- Within 6 months, after solar assets tokenized as NFT and held by community then all renewable energy generated shall be tokenized as RET token
- Within 6 months, RET token and Gridpool feature shall be implemented with other DEX platform to amplify the impact from funding clean energy assets
- Later on after 12 months with Utility Pay feature enabled, Energy Finance token (EF) shall be launched and used as DeFi rewards to prior RET staking in Gridpool and DEX partners liquidity provider.
- Ultimately in the long run, we aim for 100% renewable energy within our generation driving with DeFi on Cardano