Viridis L1 Mainnet
A Sustainable Layer-1 Blockchain
Complementary to the decentralization of captured carbon, $VRD serves as the gas token for its Layer 1 solution, creating a dedicated, low-gas chain. This infrastructure enhancement addresses one of the primary challenges faced by DeFi platforms on mainstream blockchains, namely high transaction fees and environmental concerns associated with excessive energy consumption. By providing a more sustainable and cost-effective ecosystem, Viridis facilitates a smoother experience for users engaging in carbon-related DeFi activities.
Mainnet Architecture
In order to move towards a seamless and decentralized model, every carbon offset signed on chain can be tokenised into fractionable and unique wCRBN NFTs. These NFTs can be traded and moved around in the same manner as fungible tokens with complete DeFi functionality. This approach ensures a 1:1 audit trail with the backing metadata on chain, enabling projects to precisely select and burn the required quantity of carbon while providing clear information about the offset's source, type, and authorities supporting the NFT, all in the public domain for verification.
Staking
Users are initially able to stake their $VRD on Ethereum Mainnet. Tokens locked will have a 14 day unlocking period where they will accrue points for the upcoming airdrop. On the release of the Viridis L1 Mainnet, users will be able to bridge their staked $VRD from Ethereum Mainnet to the Viridis L1 Mainnet. Here $VRD is the native gas token, facilitating all operations on the Viridis chain.
Validation on Viridis
Viridis Network will initially be supported by a centralized set of validators. Moving forward, we intend to decentralize the provision of validation as well as automate the process of authorizing new carbon credits through consensus. To qualify as a validator, users must have 0.1% of total supply ( 1,000,000 $VRD). To find out more on how to become a validator, follow the link below to our GitHub tutorial.
EVM-Compatible
It is not just the team that is able to build on our platform, but everyone else as well! As the Viridis chain is EVM compatible, the majority of Web3 developers are easily able to transfer their skills to build on our Testnet. Not only can users see what the Viridis team is up to, but also view what the rest of the community is designing. Furthermore, an already recognized system will allow developers to naturally adapt and get started in introducing DeFi innovation immediately to our chain.