Regen Atlas
The Regen Atlas partners with LandX to list real-world farms producing xTokens.
LandX is a real-world asset (RWA) protocol offering xTokens. These unique tokens, when staked, provide exposure to the yields produced by RWA agro-commodities, such as rice, corn, soy, and wheat. Today, LandX is deployed on Ethereum and Arbitrum, and works as follows:
Farmers commit crop-share to the protocol to access upfront capital. Their commitment is secured by a lien on the underlying farmland. Note that the farmer has the flexibility to choose which commodity to reference for crop-share payments. For instance, even if the farmer is growing rice, they can opt for corn.
LandX validators onboard new farmers, assisting with legal and economic contracts.
Farmers receive xTokens equivalent to the crop-share agreed upon (i.e. if a farmer commits 1000kg of soybeans per year, they receive 1000 xSOY tokens). xTokens are fully backed, meaning that new tokens are not created unless additional crop-share is committed.
Commodity yield is distributed to xToken stakers as cTokens: a yield token that can be redeemed via the platform at the fair market value of 1kg of the underlying agro-commodity. For example, one staked xWHEAT token is redeemable for one cWHEAT annually at the market value of 1kg of wheat.
The Regen Atlas now lists the first LandX farm, located in Colombia. With this partnership, every new LandX farm will be displayed on the Atlas.
The Regen Atlas classifies xTokens a Nonpossessory Rights token with the Output Rights subtype. This means that in return for staking or holding the token, the user receives access to revenues derived from its outputs without outright owning the crops or the farm itself. In this case, the outputs earned are revenues from agro-commodities produced by the farm.
xTokens are classified with the Nativity of Onchain Enforcement—Model 4 from the RWA.xyz Tokenization Spectrum. Crop-shares, as ERC-20 tokens, are “represented and enforced onchain… using both offchain and onchain means”. Furthermore, the legal and economic contracts committing crop-shares to mint xTokens are represented by an NFT.
Currently, only LandX’s xTokens are presented on our interface. They are First-order Assets: underlying place-based assets with spatial and ecological attributes.
With our upcoming Q3 release, the Regen Atlas will list and display cTokens, xBasket, and xUSD as Second-order Assets: assets that derive their value from first-order assets—in this case, xTokens. Note that cTokens and the xBasket are live today, but are yet to be included in the Atlas’ UI. The table below provides more information:
LandX, with their recent purchase and retirement of over 400 carbon tonnes, has joined Klima Infinity—an opt-in certification by KlimaDAO that helps organizations transparently uphold and broadcast their climate positive pledge. With it, users perpetually offset their carbon footprint, thus greening their products and processes.
Klima Infinity is one certification of many that will be displayed in the Atlas for each listed green asset, bringing transparency and clarity to a burgeoning green certification sector—stay tuned for our upcoming Q3 release.
LandX is the perpetual commodity vaults protocol providing real-world farmers access to capital and offering investors exposure to farmland crop share in the form of a liquid token.
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The Regen Atlas grows green finance by coordinating its value chain in one global marketplace.
DISCLAIMER: This partnership announcement is for informational purposes only, does not constitute an endorsement of any tokens or assets, and should not be considered financial advice; investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Please always consult with a qualified financial advisor before making any investment decisions.
