TreedeFi is a yield farming community that’s going the extra mile in terms of being an eco-friendly NFT project. It supports various DeFi products like swapping tokens, farming in various pools and voting using governance tokens. What makes it stand out is that a third of all deposit fees on the platform are being used to plant real-life trees.
The project is the most sustainable DeFe on the Binance Smart Chains. The main goal ince the beginning of the project has been to give DeFi a real world application.
NFTrees: TreeDefi’s NFT-Backed Trees
On its website, the project proudly declares that it has planted 689,010 trees since its inception. TreeDefi is collaborating with organizations like TeamTrees, Trees for the Future and Treedom to bring its vision to life.
Through the Marketplace, users can purchase “NFTrees,” which are backed by real trees. Moreover, its names, birthplaces, dates and identification are all recorded in the blockchain. The project is promoting “NFTrees” by highlighting that the tree buyer’s own tree will continuously absorb CO2 during its lifetime. Applying the economies of scale, more trees in the environment would help manage C02 and Climate Change.
Building upon the “NFTrees” feature, the platform will also soon offer a Carbon Credits system. This feature will allow companies and individuals to create C02 Certificates. The project is implementing this as part of its long-term strategy. The TreeDeFi team believes that “the next decade will be very influenced by environmental activities and carbon footprint offset since it will be mandatory.”
The Yield Farming feature of the projects is based on two token systems, SEED and TREE. SEED is the main engine running the project’s Yield Farms since most farms and pools feature it as one of the present assets. Meanwhile, TREE is the governance token and rarest asset on the platform. SEED and TREE are used by the project in its farms, staking pools and launch pools.
The project is also in hot pursuit to expand its services. The project teamed up with Alternative Investment Fund, Magneto Capital, based in Prague and New York. Magneto focuses on several financial areas as a multi-asset management company, including cryptocurrency. So the focus will be to support TreeDefi in terms of raising capital, investments and financial operations. The focal point is to provide guidance on international consulting process necessary for planting activity and charitable action growth.
TreeDefi also launched a strategic partnership with Soteria Finance to provide Insurance Cover for the project. They are essentially a mutual insurance platform that provides insurance for losses caused by contract vulnerabilities, while providing risk protection for DeFi products. This is crucial because by staking tokens, users are both winners and bearers of risk.
If you would like to join TreeDefi on its mission to save the world one tree at a time, you can check out their website.