Year in Review
2024 marked a significant year for Regen Network, characterized by substantial growth in ecocredit facilitation, methodology development, and community engagement. Despite market volatility, the network maintained strong fundamentals with high staking ratios and active development.
Eco Projects’ Progress on Attracting Resources
- Total volume of ecocredits facilitated by the network: $6M+ (both OTC and marketplace)
- Mostly Biodiversity credits (82% of the global biodiversity market)
- Projects like Biocultural Jaguar Credits getting $250k for scaling as an example
- Methodologies ready or in development:
- Smallholder conservation agriculture by SmartAgro
- Regenerative cotton smallholder by Grameena Vikas Kendram Society
- Biodiversity Credits Protocol by Terrasos
- Forestry REDD+ by MOSS.earth
- Upgrade to Biodiversity Stewardship Credit Methodology by ERA Brazil
- Pollinator Habitat Funding
- RegenCoopBank and $REGEN Venture Studio were researched
Network Publicity
- $REGEN network was present at EthDenver, ReFi Barcelona, NYC Climate Week (incl. Shantigar retreat), Biodiversity COP
- A foresight on the future of our markets was conducted and published
- Brand commons: working towards the exclosure of the trademark for Regen Network, with support from Jessie Kate Schlinger, Michael Zargham, Primavera de Filippi, metagov and others
$REGEN Investor Overview
- Price dynamics: 7c (end of 2023) -> 7c (Q1) -> 5c (Q2) -> 1.7c (Q3) -> 2.4c (Q4)
- Liquidity pools: $130k (Q1) -> $158k (Q2) -> $114k (Q3) -> $210k (Q4)
- Liquidity DAO / Bank group was launched
- Staking ratio continues to be one of the highest in market at 92%
- Proposal passed to adjust inflation parameters (min 3.5%, max 10%)
- Proposal passed to decrease active validators from 75 to 21
- 22k+ accounts holding $REGEN with 1,650 accounts being active monthly
DApp & Token Engineers Ecosystem Updates
- Ecotoken now enables cross-chain sales on Solana, Base, Celo, OP etc.
- Data Streams were added
- CosmWasm upgrade coming with fee/burn feature
- Consensus protocol change was discussed
Tokenomics Group Dynamics
- Group has grown from ~40 to 70 people this year
- regentokenomics.org had 1000+ visitors from all around the world
- ~$20k fundraised on Gitcoin
- Constitution work to address thesis for investors
Q3 2024
Eco Projects
- Total marketplace ecocredit sales: $100k (was $8.5k in Q2)
- OTC: $161k, including $25k in biodiversity credits to Solana Foundation
- Earthist network loan didn’t come through so far
- $REGEN Venture Studio concept to be tested in Q4
Environmentalists
- NYC Climate Week went great, with a few Regen focused events, including a Shantigar retreat where weaving happened around the constitution and future of the network
- Led conversations at the CryptoCommons Gathering in Austria
- Brand commons continues to work towards the exclosure of the trademark
Impact Investors
- Total size of liquidity pool: $158k (Q2) -> $114k (Q3)
- Price dynamics: 7c (Q1) -> 3c (Q2) -> 1.8c (Q3)
- Constitution work could address the thesis for investors
- Tokenomics group finance update: +$2.6k this quarter, $8.8k total holdings + 682k $REGEN
DApp Developers
- Ecotoken - Cross-chain sales enabled (Solana, etc)
- CosmWasm upgrade - still blocked on the engineer, JC leaning in. 0.47 is ready but failing in simulation
- Fee/burn feature was added in the beginning of the year but wasn’t used so far
Network Stewards
Special thanks to all participants: JamesB47, cpt_grog, christian_regen, quartagiulio, willszal, earthboy75, truleesamuel, minsiw, sohtoo, brawlaphant, machete10125, Juanca, paul_121, ryanchristo.
Q2 2024
Eco Projects (csDAOs)
- Total on-chain sales in Q2: ~$8.5k (potential profit 5-20%)
- $300k pipeline for sales (Jaguar, Terrasos, Ecotoken, F1), $1M planned for H2
- Methodologies in development: SmartAgro, Grameena Vikas, Terrasos Biodiversity, MOSS.earth REDD+, ERA Brazil, Pollinator Habitat
- Earthist network loan (~$50k) - ReFi Hub interested to facilitate
Environmentalists
- Outside of web3 bubble, not many people know $REGEN
- Katapult fest insights: web3 plays a minor role in climate tech
- Many ecologists know carbon offsets or ecosystem service payments, but tokenization benefits aren’t proven yet
Impact Investors
- No updates on significant purchases, rather sales pressure
- RND (and other dapps) could dedicate 10% of budget to buying
DApp Developers
- CosmWasm upgrade coming
- Consensus protocol changes discussed
- Cross-chain plans (ecotoken etc)
- Total size of liquidity pool: $158k (excluding qREGEN) - almost no change from Q1
Network Stewards
- Prioritize better - consensus work, RegenBank, Constitution and council
- Subgroups with specific people, solidifying focused conversations
- Reengaging people who signed up before
Monthly Highlights
- April: Processes update (roles, circles, coordination), RegenCoopBank, Investor Data Room
- May: Discussion on consensus model, Constitution discussion, stewards council proposal, lending pool research
- June: Further consensus discussions, Bank MVP
Q1 2024
Stakeholder Engagement
- Environmentalists / Eco Activists: ~15-20 were active over the quarter, including a person from epa.gov applying
- csDAOs: Bryan Weinberg (Foundation for Regeneration), Will Masters (Ogallala), and Berk Sohto (Earthist) participated actively
- DApp Developers: Jeancarlo (ex-SDK) and occasional reps from other DApps (like KlimaDAO)
- Impact Investors: Foundation, RND, Cerulean
- Key insight: the format of the call does not fit the need to engage all stakeholders
Ecocredit Sales
- New methodology: Indigenous-led Biocultural Jaguar Credits launched
- Around $55k in on-chain sales
- Economy projections getting there, but sales remain the key bottleneck
Social Sentiment
- A few X authors who love $REGEN and say it is undervalued, but have low subs/reactions
- Besides that: validators updates and faucet requests
- Posts from Cerulean and csDAOs are a rarity
Liquidity
- $REGEN/$ATOM: $20k, 2% APR
- $REGEN/$OSMO: $110k, 0.3-4.65% APR
- Total liquidity decreased significantly from ~$200k
Monthly Highlights
- January: Inflation reduction proposal passed. $REGEN Investor Foresight research published. Received 1M REGEN donation, staked to Commons Hub and P2P.
- February: Executive Summary updated for the year. Mark DeRugeriis created tokenomics model mapping. Inflation reduction proposal discussions.
- March: Proposal #41 (halving REGEN inflation) adopted. Q1 report finalized. RegenCoopBank discussion initiated.