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Carbonic Finance is an algorithmic stablecoin protocol bringing sustainability to the Polygon ecosystem through carbon-backed treasury reserves. Inspired by Tomb Finance, the Carbonic protocol uses seigniorage mechanisms to ensure price stability and to enable bonding $BCT carbon credits, locking carbon in its carbon reserve in liquidity with $CO2. By pegging the protocol to the price of $BCT, Carbonic can algorithmically represent the value of more tonnes of carbon removed from the environment with an elastic supply of $CO2. This representation can also generate yield opportunities with seigniorage.
The recent Carbonic (CO2) price today is - USD. We update our CO2 to USD on frequent basis. The current Carbonic situation is up % in last 24 hours. The current grepget rank is #-. Carbonic has a circulating supply of - CO2.