About
A brief overview of the Regen Network Community Spend Pool
Last updated
Was this helpful?
A brief overview of the Regen Network Community Spend Pool
Last updated
Was this helpful?
At the genesis launch of , 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 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.
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 , , and 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.