Menthol Protocol & Landx Finance are shaking hands!
From regenerative Web3 to regenerative farming!
LandX is a Perpetual Commodity Vaults Protocol providing real-world farmers access to upfront capital and offering investors exposure to farmland crop share in the form of a liquid token.
In doing so, LandX is tackling problems on multiple sides:
Farmers need access to financing, which is often logistically difficult and unavailable in many parts of the world. They need capital for equipment upgrades, storage updates, and to expand their operation. For this reason, LandX offers farmers upfront capital for a share of their farm’s output in perpetuity.
LandX currently accepts land with crop-share denominated in units of Wheat, Corn, Soybeans, Rice, and Arabica Coffee, with plans to add more agricultural commodities in the future.
This means that farmers working together with LandX can decide whether they want to pay their share in actual fiat money or directly in form of harvested crops.
For Investors, LandX provides access to crop shares from real farmland commodities in the form of a liquid digital asset called xToken. These tokens offer a sustainable daily yield and long-term inflation hedge.
The xToken is a perpetual commodity vault. Its yield is provided from the crop share paid out by real-world farmers. It is not an inflationary rewards token or fee-capturing token dependent on protocol volume. xTokens pay yield in units of the underlying commodity and are backed by a lien on farmland. (no financial advice!)
The Yield is paid out in cTokens, which can be swapped anytime for USDC. cTokens are 1kg of the commodity; 1 cToken tracks the price of 1kg of the commodity in question.
To ensure a smooth and objective assessment process between LandX and the farmers, LandX is working together with independent and trusted third-party Validators. These entities build the bridge, assist with the legal parameters of the crop share contracts and confirm that the data about the production yield of the farms are reliable.
Validators receive a 1% of the financing amount as a commission for bringing on farmers to the platform.
Regarding the offsetting strategy of LandX, a speaker of the team mentioned in an earlier statement: “Actions speak louder than words, and LandX is purchasing and retiring 400 tonnes of carbon credits using the Klima Infinity suite (from Klima DAO). Through this initiative, we expect to be carbon neutral in 2022 and to continue to implement a carbon-neutral strategy into the future. The openness of blockchain technology means our efforts are all transparent and verifiable.”
This initiative shows us that LandX is already green-pilled and actively willing to contribute to the regenerative revolution Menthol Protocol is trying to achieve!
Through Menthol’s sustainability protocol, LandX can enable automated climate positivity for their internal processes as well as for their community and partner ecosystems.
We are thrilled to go on this journey together, from regenerative Web3 to regenerative farming!
About Menthol Protocol
Menthol Protocol is the first multi-chain decentralized sustainability protocol that will automatically offset carbon emissions for user or dApp transactions with verified renewable energy and carbon credits from around the world.
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