Add EVMOS to the Regen Marketplace currency AllowList

Governance
1

Summary
Dear Regeneratis,
The Evmos community has decided via on-chain governance (proposal #133) to offset the carbon emissions of the Evmos network on Regen for the year 2022. Given Regen’s & Evmos’s long-standing relationship in the Cosmos ecosystem, we would like to discuss adding EVMOS to the Regen Ecocredit Marketplace currency allow list, adding it as one of the many currency options in which buyers/sellers may transact.

Authors
Nemus | Stakecito (@stakecito)
SR | Kalia Validator (@KaliaNetwork)

Abstract
Regen proposed four major criteria for the analysis of any token applying to the Regen Network community (proposal #13):

  1. Is the token in question a currency?

Answer: Yes, EVMOS is an EVM-compatible Cosmos native cryptocurrency.

  1. Is the token in question IBC-compatible?

Answer: Yes, Evmos is IBC-compatible.

  1. Is the token in question liquid, stable, and safe to use?

Answer: Evmos currently has more liquidity (roughly 1.5M USD) than REGEN (roughly 15k USD). We consider that Evmos is safe to use from a technical perspective, but there is never a 100% guarantee. Evmos is not a stablecoin, meaning it is not pegged to any FIAT currency. Exactly like Regen, Evmos is freely fluctuating against other cryptocurrencies and can be volatile on certain days. The Evmos price has been fluctuating between $0.50 and $0.28 for the past 90 days.

  1. Does the token support a good onboarding experience for non crypto natives?

Answer: Yes, Evmos has a decent onboarding experience supported by Keplr, MetaMask, and Ledger.

Adding EVMOS to the allowlist will provide additional utility to Regen & bring users over from the Evmos ecosystem.

Target on-chain date: May 5th, 2023

A YES result on proposal will add EVMOS to the allow list, represented by the denom:
bank_denom: aevmos

2

I think that this is a great proposal & would help EVMOS users access the marketplace application with their native token.

We discussed this proposal as a next step post Cosmos ZERO. Further development comes from the ability for EVMOS users to develop climate-impact applications on EVMOS that draw from the ecredit supply in Regen Marketplace and/or a Regen outpost launch on EVMOS mainchain. What would you like to see next?

3

What happened to this discussion? Is there still the intention to explore EVMOS as a currency, or do we assume that without a refi grants program for refi dapps on EVMOS that there wouldn’t be demand for ecocredits, and therefore this discussion isn’t worth moving forward at this time?