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Description

Carbonic Finance is an algorithmic stablecoin protocol bringing sustainability to the Polygon ecosystem through carbon-backed treasury reserves. Inspired by Tomb Finance, the Carbonic protocol uses seigniorage mechanisms to ensure price stability and to enable bonding $BCT carbon credits, locking carbon in its carbon reserve in liquidity with $CO2.

By pegging the protocol to the price of $BCT, Carbonic can algorithmically represent the value of more tonnes of carbon removed from the environment with an elastic supply of $CO2. This representation can also generate yield opportunities with seigniorage.

24 hour trading pattern

Max Price chart

Carbonic price today is $6.48 with a 24-hour trading volume of $110,739. CO2 price is down -29.9% in the last 24 hours. It has a circulating supply of 0 CO2 coins and a total supply of ?. If you are looking to buy or sell Carbonic, Sushiswap (Polygon POS) is currently the most active exchange.

Carbonic hit an all time high of $9.90 on Jun 13, 2022 (5 hours).

Carbonic had an all time low of $5.35 on Jun 13, 2022 (4 hours).

The 24 hour trading volume of Carbonic is $110,739.

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