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Crucial Announcement for Our Builders

Crucial Announcement for Our Builders

Crucial Announcement for Our Builders

Toucan Builders Support Temporarily Paused and Team Members Depart

Dear community,

We’re taking a moment to share a very important message with our builders: We’ve made the tough decision to temporarily pause our Toucan Builders Support. This includes our Grant Program, actively monitoring the builder hub channels on our discord, and fast responses to any inbound questions regarding development with our protocol. Your requests will still be answered, but it might take more time for us to get back to you.

We also regret to inform you that GigaHierz, Jack Policar, and Ian Porier will be leaving our team 😢. We had an amazing time together and are very sad to see them go. But we’re parting on good terms and are positive that we’ll work together again down the road!

Our decision to pause our builder program has been shaped by a number of recent developments in the web3 and VCM space, such as:

  • Regulatory uncertainty
  • Lack of high-integrity tokenized carbon credits
  • General lack of trust in the VCM
  • Bear market mood 🐻

All of these factors contributed to slowing down ecosystem growth and the mass adoption of web3-powered climate action. After intensely assessing the situation, we’ve come to the conclusion that we need to first tackle the lack of high-integrity supply and help VCM stakeholders gain confidence in interacting with tokenized carbon credits, so that our community can then build tooling that’s truly high impact for climate action.

Learn about our recent conversation with Gold Standard at New York Climate Week here:

We also have some good news: We will be back (hopefully sooner than later), and when we return, we’ll have some exciting new RWAs to offer to our builders! Our commitment to building the best solutions to finance high-impact climate projects remains unwavering, and we look forward to continuing our mission with renewed vigor. In the meantime, follow us on Twitter and Linkedin, or sign up to our newsletter.

What does this mean for you, the builders?

At present, there are no open grants available. But we don’t want you to stop building! This is why GigaHierz is leaving you with lots of brand-new tutorials on how to use our tooling. Below, you’ll find a number of resources that go deeper on how to use the OffsetHelper and an SDK. And if we’re looking ahead? Our objective is to enhance the capabilities of the OffsetHelper, which includes retiring specific projects (you can find a tutorial for this below) and renaming this useful tool to RetirementHelper. We are committed to simplifying every aspect of the process and making it as straightforward as possible to empower you, the builders, to contribute to our shared vision.

Tutorials here:

Our deepest gratitude goes to all the builders, protocols, and enterprises collaborating with Toucan to advance the regenerative finance ecosystem. Together, we are constructing the essential infrastructure to channel capital towards scalable climate solutions. Your unwavering dedication to navigating intricate regulatory hurdles, market fluctuations, and the ever-evolving carbon credit landscape is truly commendable. We thank you for being integral to our journey in reinvigorating the carbon markets. This is only the beginning.

Best wishes,

Team Toucan 🌿

What is Toucan?

Toucan is building technology to unlock climate action at scale. Our digital infrastructure is helping to grow the voluntary carbon market (VCM) in a transparent and high-integrity way. It increases the flow of revenue to the most effective climate impact projects, by bringing established and nascent environmental assets on the blockchain.

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