About

A brief overview of the Regen Network Community Spend Pool

At the genesis launch of Regen Network, a community pool was established. The pool is funded by token inflation in the form of a two percent tax. This means that if the current inflation is 20%, 2% goes into the community pool and the remaining 98% is distributed to the rest of the network. The community pool currently contains over 2M $REGEN that may be used as the community sees fit. Projects wishing to use community fund pools must go through the proposal process, which culminates in a community vote.

The community spend pool has most recently been used to offset Regen Network's validator set as part of the Cosmos ZERO initiative. Cosmos ZERO is a partnership of the Interchain Foundation and the Cosmos community devised in October of 2021, and an initiative for Cosmos protocols and validators to achieve net-zero carbon emissions for their network validator node infrastructure and operations.

Proposal 21 was a signaling proposal for Regen Network to offset the validator carbon footprint with community funds and established which credits would be used for the offset. Proposals 23, 25, and 30 were community spend proposals that allocated the appropriate funds to a wallet where they were used to purchase and retire ecocredits from the Regen Marketplace.