Jasmine Energy is Launching on Polygon
Later this month, Jasmine Energy is launching the first Energy Attribute Certificate (EAC) “bridge” on Polygon. Polygon has earned its reputation as the home of Regenerative Finance (ReFi) by hosting leading ReFi projects including Flowcarbon, Toucan, dClimate, and New Atlantis. Jasmine Energy is joining those projects and leading the expansion of the ReFi community into renewable energy financing.
The ReFi movement is applying the tools and techniques of decentralized Finance (DeFi) to create financial systems that promote environmental and social sustainability. Though only a few years old, the movement has disrupted the legacy voluntary carbon market, developed token mechanics for natural resource management, and built numerous Distributed Autonomous Organizations (DAOs) to fund regenerative projects.
Jasmine is contributing to this community by launching the Jasmine Bridge later this month. Jasmine’s bridge will enable users to move Energy Attribute Certificates (EACs) including Renewable Energy Certificates (RECs) from legacy registries onto the blockchain by tokenizing them. Once on the blockchain, these assets can be integrated with the existing ReFi/DeFi infrastructure to gain a level of financial sophistication not currently available to them in the legacy financial system. This financial sophistication will lower the cost of financing renewable energy constructing and divert more capital into these important projects.
Stefan Renton, Sustainability Lead at Polygon, says:
“While we continue to see varying conclusions on how effective our short term climate regeneration incentives are, one thing that’s clear is that we need to focus on eliminating the underlying causes that make them necessary. One of those is our current energy infrastructure. Jasmine Energy understands this, and is aiding in unlocking capital flows to help scale renewables.”
Dalton Combs PhD, Cofounder & CPO of Jasmine, says:
“Our community is on Polygon; and we’re excited to be joining them there. The low fees and wide option of decentralized finance dApps already on Polygon make it a great blockchain for our users to bring their EACs.”
About Polygon
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3.
About Jasmine Energy
Jasmine is the first token bridge for Renewable Energy Certificates (EACs). We make it easy to move EACs between legacy registries and the blockchain and to unlock liquidity through liquid asset pools.
