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Why Use Jasmine?
Jasmine works via a 2-way bridge
In designing and building the Jasmine Protocol, we're considering the needs of three primary user archetypes. The Generators who produce Energy Attribute Certificates (EACs), the Climate Actors who redeem EACs to reduce their scope-2 emissions, and Financial Intermediaries who participate in the market, but neither produce nor redeem EACs.
Generators produce both clean energy and Energy Attribute Credits. They span a wide range of scales from tens of MWh/yr to millions of MWh/year.
The interests of generators center on having EAC prices that are transparent, fair, and actionable.
Generators can easily sell EACs at a transparent market price to confidently liquidate inventory with low overhead.
- With Jasmine's quick-sell, steps 1-6 from the flowchart above can be fully automated beginning with Jasmine programmatically claiming EACs via a regulator, to Jasmine delivering a direct deposit of USD into a Generators bank account - all at the best available market price with low fees.
Generators can see the price their EACs would sell for, allowing them to make informed financial decisions about managing their facility (i.e: Should I refinance? Should I expand or reduce my facility? Should I add a 'behind the meter' load? etc).
- The full price history of all transactions on the Jasmine Protocol is visible to everyone on an immutable blockchain.
Climate actors buy and redeem EACs to show regulators and customers that they're improving the impact of their operations on the climate. They're mostly large businesses, but small businesses and individuals are increasingly taking direct climate action through EACs. This includes protocols, DAOs, and L1/L2 blockchains.
Climate Actors can easily buy and retire EACs at a transparent market price to confidently meet their climate obligations with low overhead.
- With Jasmine quick-redeem, steps 1-5 from the flowchart above can be fully automated without any crypto experience. Payment would be delivered via ACH or wire transfer, all at the best available market price with low fees.
Climate actors can compose a personalized portfolio of EACs to then take a specialized climate action (i.e: marketing campaign, detailed compliance requirement, etc).
- All of the current exchange inventory is visible and immediately actionable on an immutable blockchain.
Climate actors can buy or sell tokens that track EAC reference prices to hedge future costs of regulatory compliance.
Financial Intermediaries buy, hold, and sell EATs to hedge balance-sheet risk, speculate on price movement, generate asset yield in DeFi protocols, and compose derivative DeFi assets.
Financial Intermediaries can buy and sell assets that track EAC reference prices to hedge via EAC balance sheet risk.
- Jasmine's liquid asset pools give brokers and banks an alternative to holding illiquid non-fungible inventory on their balance sheets.
Financial Intermediaries can buy and sell assets that track EAC reference prices to speculate on the price of EACs.
Financial Intermediaries can buy and sell EATs to use them in DeFi protocols.
- As tokenized real word assets, EATs have price movements that are independent of major crypto assets (i.e: Bitcoin, Ethereum, etc).
Financial Intermediaries can buy tokens and use reference prices to build protocol extensions to offer market participants derivative assets.
- The public liquid DEX price signals of ERC-20 JLTs make it possible to compose DeFi derivatives of assets that have historically been non-fungible.