Top 11 ReFi Projects on Solana 🌱
Top projects leading regenerative finance in the Solana ecosystem.
Top of the morning folks!
Numa here, ReFi eco-system builder and founder at Coral Tribe. Every day I feel inspired by purpose-driven founders paving the way in solving our world’s biggest problems. The shared goal is to design systems which regenerate our planet & bring prosperity to people. Given our uncertain future, ReFi seems more important than ever.
I am also excited to announce the new ReFi Solana Dashboard - built in collaboration with ReFi DAO to map top people, projects, events, content & more. Go check it out and submit your votes! 👇
But first, let's explore ReFi on Solana and our selection of top 11 projects
ReFi on Solana
Regenerative finance (ReFi) is an energetic and rapidly growing movement to create organizations in alignment with People & Planet. The Solana ecosystem is committed to this new wave of finance and is a growing hub for new projects.
Solana is a web-scale blockchain that is fast, secure and energy efficient. The system currently supports 4000 transactions per second and fees remain less than $0.01. With zero net carbon impact, Solana is the perfect candidate to build regenerative systems. From reforestation initiatives to blue economy investing, the top 11 Solana ReFi projects covered in this article are not just pipe dreams but have already achieved fantastic accomplishments:
Whether you're an investor looking for ethical investment opportunities or simply interested in learning more about sustainable solutions, these projects are sure to inspire you. Let's dive in 👇
1) GainForest 🍃
Imagine a world where stewardship of nature can be verified with radical transparency, and stewards are fairly rewarded for their work. That is the future GainForest is helping to unlock. Founded by David Dao and Simge Steen, Gainforest creates trust in nature-based donations and investment with a platform that combines the latest technology of our time - satellite imagery, drones, machine learning and more, to measure, report and verify conservation efforts. Conservation projects around the world are funded through their platform - and funds are disbursed only when conservation milestones are reached.
Gain Forest has various pilot projects around 3 continents and recently completed a mangrove conservation pilot in the Philippines. Make sure to visit their website and discover all the incredible nature-based projects. 👇
2) Eco-token 🌿
EcoToken is a launch pad for sustainable projects and an environmental credit producer and seller. Founded by James Bettauer and Randy Christie, the project addresses the funding gap for localised impact-driven projects by rewarding those who fund them. Grassroots communities working for the planet's betterment lack a business case and funding, ecoToken solves this problem by allowing users to pre-fund upcoming projects.
3) Water DAO 💧
An off-shoot of the ecoToken ecosystem, Water DAO is a decentralized platform that leverages the Solana and Regen Ledger blockchains to address the growing challenges of water scarcity and resource management. Their verifiable water credit methodology can be issued to qualified projects and reward clean water producers. This encourages responsible consumption and investments in water infrastructure by incentivizing responsible consumption. The platform uses a token-based system to facilitate the creation of credits, which represent a specific volume of water or water-related services.