Are we back? Cool. Yeah, sorry for the technical problems. Would you like to continue talking about the virus?
Yeah, totally. And no worries, it happens. So cool. I'm Helen. I'm one of the founders of spirals. At spirals, we're putting kind of dormant capital to work, which means doing a few things. One of them is green liquid steak.
which allows anybody to contribute to climate impact while retaining full utility of the token state deposit. And we do this through liquid staking, which means when you stake through spirals, you get back a kind of a green
settled stablecoin, and then we just launched on Polygon and in the matter of probably like a day or two will be on Ethereum as well. And supporting USDC and Matic and ETH as well.
Cool, awesome. And basically, I think like one of the, I mean, basically kind of like the most impactful part of the of the project is basically that the sticky rewards are directed to, as I like
a number of projects if I'm not mistaken selected by the Climate Council if I'm not mistaken would you like to talk a little bit about what these projects are and how these hold can be done basically and also what is
based on the point of the council itself. And so for some of the questions in the world, but also what is the world that is going to play in the future of Pyros as it grows.
Totally. Yeah, I think one of the most challenging parts of increasing supply is actually increasing verification of supply. You know, there's all sorts of force in the world, but not all of them are, you know, creating carbon credits and reforestation efforts are also not all creating carbon credits.
verification costs a lot and it takes a lot of time. So, you know, I think a futuristic verification model would be close to fully automated and using newer technologies and remote monitoring. I think a platform that
supports newer types of verification looks fundamentally different than anything we've seen before. We're just pretty exciting and I think it's something that can scale. So I think looking at what we have now in carbon credit verification is kind of like a, that's like an encyclopedia, right? It's like pretty bottleneck. It's pretty small and the
The reason it has to be like that makes sense because we haven't had remote monitoring that can scale. But now there's been all these technological breakthroughs that mean we need a fundamentally different way of creating verification systems. We're hoping to take the space from like a
And encyclopedia of verification to more of a Wikipedia where right now we have a climate council that can review projects. But that the goal of this climate council is actually to scale and expand and to create this community effort to establish high quality.
But I think for us that's pretty far out. The biggest priority right now is actually just creating these green derivatives such that any project that uses them can actually be green by default. So what I mean by this is because they retain their utility of the underlying token, you can use them as if they were
So we're starting to work with some DAPs and payroll providers to instead of using like USDC, they're using green USDC, which means any DAP can now be climate positive without spending money on offsets. Okay, cool. That's really, really amazing.
Can you give some examples of some ways that you can already use these tokens, these green, the rebateives? And also, I think it would also be cool to expand it a bit like how it works like for it to be possible basically.
Yeah, so we're about to announce these publicly. So I am a bit hesitant to spoil the news even though I really want to drop some alpha here, but I can list some categories. So one of them is like a Web 3 Venmo.
They are like a mobile wallet, but they abstract away all of the crypto. So all you see is that you're spending dollars and you're sending them to your friends and it's cross borders, except behind the scenes, rather than using a stablecoin, they're using, you know,