by • Makerdao co-founder Rune Christensen has proposed a $14 million Scientific Sustainability Fund utilizing 20,000 MKR tokens to combat climate change and misinformation about energy solutions.
• The fund was met with mixed reactions from crypto advocates, with some mocking the idea while others praised it.
• Critics compared the proposal to the Effective Altruism movement backed by FTX’s Sam Bankman-Fried and questioned why Christensen didn’t use his own money instead of the MKR treasury.
Makerdao’s Proposal
Makerdao co-founder Rune Christensen recently proposed a $14 million Scientific Sustainability Fund utilizing 20,000 MKR tokens to combat climate change and misinformation about energy solutions. According to Christensen, this is part of the core principles of the Maker Constitution that recognizes the unique critical relationship between financial infrastructure and global environmental risks of climate change.
Mixed Reactions
The proposal was met with mixed reactions from crypto advocates on social media. Some mocked the idea and called it „trash“ while others praised it and suggested partnering with Klimadao, a climate finance project. Critics also compared the proposal to the Effective Altruism movement backed by FTX’s Sam Bankman-Fried and questioned why Christensen didn’t use his own money instead of using MKR tokens from Makerdao’s treasury.
Climate Change Activism
Christensen is an ardent activist for combating climate change and believes that scientific sustainability is an important part of this fight against misinformation about energy solutions that have proven track records in achieving scalable decarbonization.
Funding Breakdown
20,000 makerdao (MKR) tokens is roughly around $14 million using today’s exchange rates, which would be used as funding for this initiative if approved by Makerdao holders via voting process similar to other MIPs submitted for their consideration before being implemented into protocol upgrades or other governance decisions within Makerdao’s platform.
Conclusion
The proposal has seen both positive and negative reactions from cryptocurrency supporters but ultimately will be up to Makerdao holders whether or not they approve its implementation into their platform in order move forward with fighting climate change through this initiative brought forth by Rune Christensen himself as part of his commitment towards combating global environmental risks associated with rising temperatures and changing weather patterns due to human activity over time.
