Hi all, I just wanted to post this up on the forum for transparency’s sake as well as provide a place for community members to express concern, if there is any. Nothing stated below is a change in direction or intention, just a follow-through with what was intended all along.
Here’s an Osmosis blog post announcing the launch and partnership between Osmosis and Regen Network back in April of 2023.
The liquidity was added to the REGEN:NCT pool by both the Osmosis Community and Regen Network Development, PBC, as a way of bootstrapping NCT liquidity into the community. At the same time, a OSMO:NCT pool was established with incentives, with the idea that there would be an organic participation in liquidity provisioning, and that this pool would be the long term home for NCT liquidity. And though the pool is not overwhelming in size, we feel that it is adequate to handle the volume of NCT transactions currently taking place.
RND, Inc continues to be focused on the generation of native ecocredits of many types on app.regen.network. NCTs are a valuable stepping stone on the path to a rich Cosmos-native ecocredit market.