Celo 🤝PrimeDAO: Partnering to BUIDL the Regenerative Finance (#ReFi) Movement

PrimeDAO partners with Celo to accelerate DAOs building at the nexus of web3 and climate

The Regenerative Finance (#ReFi) movement in web3 is growing rapidly.

In less than 6 months, ReFi DAO has launched to scale climate action, the Celo community-driven Climate Collective formed to build a new regenerative financial system backed by natural capital, Kevin Owocki and our partner DAO at Gitcoin launched a podcast centering on regenerative finance as well as a book, ReFi was all the talk at Schelling Point, and there are now a string of ReFi events planned for Spring 2022.

We’re in a climate emergency, and the response is beginning to match the enormity of the situation across web3. And now, we at PrimeDAO are ready to do our part 💪

On March 17th, we announced a partnership with Symmetric that will make it easier for DAOs to launch on the Celo blockchain, make deals with each other, and become more resilient to change with key DAO-to-DAO tooling to enable coordination and cooperation. We’re excited to say this is all a first step toward Celo becoming a hub of regenerative finance in web3!

By working very closely with the Celo community over the next year, we’re going to bring the #D2D movement that we’ve helped build with our partner DAOs into the global Celo ecosystem.

So, what does that mean, specifically?

Prime Launch — the Next 3 Months

The PrimeDAO Launch squad will partner with the Celo community to onboard DAOs into a friendly, cooperative, and regenerative ecosystem. We’ll work together with service DAOs and assemble teams that can help new projects with go-to-market support, tokenomics, fair launch, and price discovery. We’ll be actively stewarding projects in the Celo ecosystem, from idea stage to launch and beyond, to ensure their long-term success, not just for the short term📈.

Prime Rating — now on Celo!

Prime Rating has established itself as a decentralized subDAO of Prime, working together effectively to rate the long tail of DeFi projects out there so that DeFi participants know what they’re getting into when it comes to tokenomics, governance, and more.

With our Celo partnership, we’ll now work together to bring our crowd of Raters in to rate pre-launch projects and help potential participants understand the value of DeFi projects in Celo (as always, this is not financial advice).

Prime Deals — the Future™

Lastly, what would regenerative finance be without resilience?

We’ve been hard at work since our LBP in December on delivering our new product, Prime Deals, so that DAOs have a solution to the problem of undiversified treasuries, as well as coordinating with other aligned DAOs on shared infrastructure, features, and initiatives.

On Celo in the coming months, once we get new DAOs rated, launched, and onboarded, we’ll work together to make the DAO ecosystem within Celo the most diversified, cooperative, and resilient ecosystem out there by connecting DAOs together for deals, token swaps, joint ventures, and joint initiatives.

In some ways, we need to meme the cooperative ecosystem we want into existence. Now, it’s time for concrete actions, and just like we bootstrapped our own resilience in the DAO ecosystem by diversifying our resources with OlympusDAO, GitcoinDAO, BalancerDAO, and recently Symmetric and VitaDAO, we want everyone else to benefit from shared upside with each other when they have aligned goals. And we can’t think of a better place to start than with the regenerative finance movement.

Onward! 🌲🌍🌊

Get Primed!

We’ve never been more confident that DAO2DAO interactions will drive the future of crypto networks — we think the best way to bring this future into being is to build it.

If that interests you, there’s never been a more exciting point to get involved in Prime and reshape DAO coordination.

If you are committed to enabling DAO 2 DAO innovation and are interested in collaborating with or getting involved in Prime, jump into our Discord now, and let’s get connected!

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About Celo

Celo is a carbon-negative, Layer-1 protocol with a rich ecosystem of global partners building Web3 applications, including in DeFi, NFTs, and payments, in support of Celo’s mission to create a more accessible and inclusive global financial system. Accessible to anyone with a smartphone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (Celo Protocol), the CELO token, and stablecoins (cUSD, cEUR, cREAL) that offer real people everywhere the opportunity to use crypto like everyday money. Additionally, the ecosystem is supported by key projects and protocols, such as Valora, Ubeswap, Moola, Good Ghosting, Mobius, ReSource Network, and more, as well as the Alliance for Prosperity, which consists of over 150 mission-aligned Celo Foundation members around the globe, including Deutsche Telekom, Kickstarter, PayU, Opera, Andreessen Horowitz, Anchorage, Coinbase, GSMA and the Grameen Foundation, among others. For more information, please visit: celo.org.

To learn more about the Climate Collective, visit ClimateCollective.org. To learn more about Celo, visit https://celo.org/