Dear Polkadot Community,
&nbsp;
Ceres Blockchain Solutions is thrilled to propose the Veles pallet for enhancing the carbon credit market within the Polkadot ecosystem. This initiative aims to introduce a reliable, transparent solution for carbon credit management, leveraging blockchain to ensure accuracy and security in carbon credit issuance and trading. This is an idea/project that was supposed to be part of the Substrate Builders Program before it was discontinued. Parity engineers have reviewed the code of our other products. They were satisfied with our work and wanted to give us the green light to become part of the Substrate Builders Program. Veles addresses critical issues like fraudulent credits and speculative pricing, promoting environmental sustainability. We're dedicated to supporting Polkadot's growth, contributing a tool that benefits both the ecosystem and our planet.
&nbsp;
Best regards,
The Ceres Team
&nbsp;
Veles litepaper is available here - <a href="https://docs.google.com/document/d/1fm8KXmK4XTf3rZgdcWuqTdO2MW9UqU6NxsecDwb49Hs">https://docs.google.com/document/d/1fm8KXmK4XTf3rZgdcWuqTdO2MW9UqU6NxsecDwb49Hs</a>
&nbsp;
[UPDATE]
Github repo of Veles pallet - <a href="https://github.com/Ceres-Blockchain-Solutions/veles-pallet">https://github.com/Ceres-Blockchain-Solutions/veles-pallet</a> Documentation - <a href="https://veles-carbon-credits.gitbook.io">https://veles-carbon-credits.gitbook.io</a> 
Website -&nbsp;<a href="https://veles.technology/">https://veles.technology</a> 
In line with our commitment to transparency and engaging with the community, we're pleased to provide our first bi-weekly update on the progress of the Veles Carbon Credit Pallet, as promised. 
Veles update #1 - <a href="https://docs.google.com/document/d/1cV6Qnd6sSJDoq_yiqRDycPMsngFZWOTrkwlCqz4XfB4">https://docs.google.com/document/d/1cV6Qnd6sSJDoq_yiqRDycPMsngFZWOTrkwlCqz4XfB4</a>
Veles update #2 - <a href="https://docs.google.com/document/d/1oUfD_PxANJzBYLDhtBq3wF3rb059AZpKJIM-47GcW_A">https://docs.google.com/document/d/1oUfD_PxANJzBYLDhtBq3wF3rb059AZpKJIM-47GcW_A</a>
Veles update #3 - <a href="https://docs.google.com/document/d/1lQO0mhurmq-yfQ0E29u6zwsRRZ9e8UxG4FLq6rbPvhs">https://docs.google.com/document/d/1lQO0mhurmq-yfQ0E29u6zwsRRZ9e8UxG4FLq6rbPvhs</a>
Veles update #4 (Presentation on Polkadot Day Belgrade) - <a href="https://drive.google.com/file/d/1DGuN5zgZrO81sE3PfpB_0_M5v-L4gJQJ/view?usp=sharing">https://drive.google.com/file/d/1DGuN5zgZrO81sE3PfpB_0_M5v-L4gJQJ/view?usp=sharing</a>
&nbsp;
Discover more about us:
Website - <a href="https://ceresblockchain.solutions">https://ceresblockchain.solutions</a>
Linkedin - <a href="https://www.linkedin.com/company/ceres-blockchain-solutions-llc">https://www.linkedin.com/company/ceres-blockchain-solutions-llc</a>
Twitter - <a href="https://twitter.com/ceresblockchain">https://twitter.com/ceresblockchain</a>
Email - <a href="mailto:office@ceresblockchain.solutions">office@ceresblockchain.solutions</a>
<img src="https://i.ibb.co/84zwbzq/Veles-logo-250x138px.png" alt="logo" />

Veles project proposal - Carbon credits pallet

Dear Polkadot Community,

 

Ceres Blockchain Solutions is thrilled to propose Dazhbog, a plug-and-play solution for a decentralized perpetual futures exchange within the Polkadot ecosystem. This platform allows other builders and parachains to seamlessly integrate it into their ecosystems, enabling users to trade perpetual futures contracts in a decentralized manner while leveraging the security, scalability, and interoperability of the Polkadot network. By integrating with their parachains, builders can offer a smooth and efficient trading experience without relying on centralized intermediaries.

The core concept and technical feasibility of Dazhbog have been rigorously validated. Our project secured first place in the DeFi category at the Polkadot Prodigy hackathon, underscoring the extensive research conducted and the project's significant potential.

We began by validating the idea at the Polkadot Prodigy hackathon and planned to apply for a Level 2 grant for the Proof-of-Concept of Dazhbog. During Polkadot Decoded, we had discussions with members of the Web3 Foundation and other influential figures in the Polkadot ecosystem. While they expressed interest for the idea, they advised us to skip the PoC grant and pursue full product implementation instead.

 

The full proposal is available here - [https://docs.google.com/document/d/1Asz\_sQFl8-8WdACZoHPS5XTsDb8T8F\_Ry7L2ubcJGNY](<https://docs.google.com/document/d/1Asz_sQFl8-8WdACZoHPS5XTsDb8T8F_Ry7L2ubcJGNY>)

 

Forum post (please note that following extensive discussions with the W3F, we have decided to move away from pursuing W3F Level 2 and DF grants for PoC and go straight to full product development) - [https://forum.polkadot.network/t/decentralized-futures-dazhbog-a-decentralized-perpetual-futures-exchange-on-polkadot/8777](<https://forum.polkadot.network/t/decentralized-futures-dazhbog-a-decentralized-perpetual-futures-exchange-on-polkadot/8777>)

 

Best regards,

The Ceres Team

 

Discover more about us:

Website - [https://ceresblockchain.solutions](<https://ceresblockchain.solutions>) 

Linkedin - [https://www.linkedin.com/company/ceres-blockchain-solutions-llc](<https://www.linkedin.com/company/ceres-blockchain-solutions-llc>) 

Twitter - [https://twitter.com/ceresblockchain](<https://twitter.com/ceresblockchain>) 

Email - [office@ceresblockchain.solutions](<mailto:office@ceresblockchain.solutions>) 

 

![](<https://i.ibb.co/chLG0nR/Dazhbog-logo-250x92.png>)