AJNA-CANA Uniswap Liquidity Pool: Integrating DeFi with Tokenized Carbon Credits

Grant Proposals
1

AJNA-CANA Uniswap Liquidity Pool: Integrating DeFi with Tokenized Carbon Credits

Request

  • Receiving Address: (0xE1114C2316f34aaCe2f827671CD35B044CF4e74c)
  • AJNA Amount: (2,000,000 AJNA)

Applicant and Team Information

Overview

  • Maseer Finance seeks 2,000,000 AJNA tokens to establish a robust liquidity pool on Uniswap, pairing AJNA tokens with the forthcoming CANA token, a tokenized real-world asset (RWA) representing tokenized California Carbon Allowances. This initiative will enhance liquidity, increase the utility of AJNA tokens, and bridge sustainable finance with decentralized finance.

Alignment with Ajna’s Grant Categories

This proposal aligns with multiple grant categories outlined by Ajna:​Welcome | Ajna Protocol

  • Development: Facilitates the integration of AJNA into a new liquidity pool, potentially attracting more users and developers to the protocol.​

  • Community: Expands the AJNA ecosystem, fostering community engagement through increased token utility and awareness.​

  • Integration: Merges AJNA with Maseer Finance’s CANA token, bridging DeFi with environmental sustainability initiatives.​

Strategic Benefits:

  • Enhanced Liquidity for AJNA: Provides AJNA holders access to a new and uncorrelated liquidity pair, diversifying trading options.
  • Market Expansion: Attracts environmentally-conscious DeFi users, expanding the AJNA community and market reach.
  • Sustainability Integration: Aligns AJNA with sustainability trends, enhancing the protocol’s reputation and adoption.

Project Timeline

  • Token Deployment:
    • Launch CANA token, a fully developed and audited token tracking the value of 1 CCA unit in California’s Cap-and-Trade market.
  • Liquidity Pool Creation:
    • Allocate the requested 2,000,000 AJNA tokens with an equivalent value of CANA tokens from the Maseer Finance operational treasury into a balanced liquidity pool on Uniswap.
  • Lending Market Creation:
    • Maseer will create lending markets for AJNA/CANA and CANA/AJNA via the Ajna Pool Factory

Budget Breakdown

  • AJNA Tokens Requested: 2,000,000 AJNA​

  • Allocation: 100% of the AJNA tokens will be paired with CANA tokens from the liquidity fund in the Uniswap liquidity pool.​

Team & Advisor Highlights:

Team:

  • Bradley Allgood, CEO: Founder of the first bank-issued stablecoin on public networks; established the U.S.'s first Free Economic Zone.
  • Jawaad Bokhari, Chief Product Officer: Former Head of Quantitative Trading at ARB Hedge Fund; extensive experience in regulated crypto exchanges and scalable payment systems.
  • Brian McMichael, Chief Technology Officer: Former Senior Protocol Engineer at MakerDAO; pioneered first official on-chain real estate transactions in the U.S.; extensive blockchain open-source contributions.

Advisors:

  • Igor Barenboim: Former Deputy Secretary for Economic Policy, Brazil; Treasury Superintendent, Itaú.
  • Matt Rabinowitz: Founder of the MakerDAO Arranger Model and 6S Capital; extensive experience deploying RWA financing.
  • Joel Telpner: CLO at Input Output (Cardano Blockchain); advised multiple top blockchains and governments.
  • MakerMan: Experienced MakerDAO delegate; physicist with a unique governance perspective.

Conclusion:

This proposal strategically positions AJNA tokens within the emerging sustainable DeFi space, fostering innovation, liquidity, and community growth. Maseer Finance’s experienced team and advisors ensure successful execution and alignment with AJNA’s broader vision.

Thank you for considering this impactful partnership.

2 Likes
2

Thanks for the proposal!

Can you tell us more about the current state of the business @MaseerFinance

Is the protocol still in R&D or is there real business being done on it already?
When is CANA being launched? Is there a blog post anywhere with the GTM strategy?

The 2m AJNA tokens are unrestricted in the way this grant is structured. Would you be willing to add a condition of permanence to the LP position?

I am a fan of increasing AJNA liquidity and also gaining an additional pool pair that may attract real users to the protocol. I see it as a win win so I am inclined to vote yes on this.

2 Likes
3

Thanks for the question @Davidutro

  • The contracts are done and currently in audit at @Prototech_Labs
  • Launch date of the token is expected within the next few weeks (expected prior to the end of this grant cycle) and we have the offchain structures and partnerships in place to acquire these assets to back the token.
  • We have sources of offchain liquidity that will help seed our initial liquidity profile.

The tokens would be deposited into an infinite range pool and we expect it to be permanent as long as the CANA token exists, as getting various sources of liquidity in uncorrelated pairings is part of our DeFi penetration strategy.

If the position does need to be unwound in the future, we would refund the AJNA side back to the treasury, which would be more or less than the original grant based on the impermanent loss in the position.

The additional liquidity should be a win/win for both sides of the equation and we appreciate the support.

3 Likes