Hi! I’m Afolabi steward at Greenpill leading the Dev Guild the builders of Green Goods.
To start, I want to thank Sam and the Good Dollar team for inviting us into the House of Alignment. Having worked with Sam in the past across different grant rounds and operations, I’ve always had a great experience, and I have no doubt this will be the same.
The project we’re joining the House of Alignment with is Green Goods, an Ethereum-based protocol centered on making impact reporting accessible and then tying that tightly to capital formation, closing the gap between the two.
We do this using Ethereum-native tools like Octant and DeFi vaults, where people can support a garden not by giving up principal but by contributing the yield. We also lean on simpler primitives like cookie jars, which are trustless containers where a community can pool donated funds and withdraw them through a trustless, shared system.
On GoodDollar specifically, this is something we’ve been aware of in the space for a while, and we’re genuinely excited to explore how we can use G$ inside Green Goods. The goal is not for people to receive G$ and immediately sell it, but to put it to work as an incentive around commitment pooling and other staking elements.
For added context, we’re in the process of taking over the spinach fi platform and rebranding it as Greenpill Spinach, and there could be real opportunities there to encourage Good staking and similar mechanics.
So the powerful thing we want to see with G$ is this: funds that come into our ecosystem flow to the gardens to do regenerative work, and as we build out commitment pooling functionality, communities can use G$ as a strong incentive to access quality services more affordably than they could with other tokens.
If things go well, G$ becomes a staple in our community, something people can access and stake for later use through vouchers and similar mechanisms.
We’re looking forward to joining the call this week to share more about Green Goods and answer any questions the community may have.
On the comments shared so far
I of course want to understand more about where people are seeing things, and I want to speak to a few of the points raised.
On where the G$ in our allocation will flow: these are on-the-ground projects. They include solar hubs at local universities in Nigeria that provide space to incubate regenerative projects and take part in larger infrastructure projects, and farmers in Brazil doing agroforestry and similar regenerative work.
To the point about bridging beyond web3-savvy users: Green Goods is built specifically to abstract away the blockchain elements and deliver the benefits to people in a very IRL, community-based manner. We’re just getting started and growing, and I think there’s strong potential for people to associate G$ with community-based vouchers, creating circular economies where G$ is staked and used rather than sold. In that model, G$ becomes the asset that gives you access to what you actually need: farming materials if you’re farming, supplies if you’re doing waste work, and so on.
A perspective on UBI
To share my own view, I think part of the challenge with UBI is when it’s provided without a clear path to circular economies. It ends up under constant sell pressure because people aren’t connecting it to the ability to swap it or use it for other purposes.
This is me still learning the GoodDollar ecosystem, but I believe finding ways to make G$ circulate and be staked in ways that are useful and meaningful to communities is genuinely powerful. It lets us treat G$ not just as a UBI incentive but as a staking incentive that unlocks access to goods and services within a microeconomy.
Especially given the times we’re heading into globally, I’m not sure a single large global UBI scales well, and it risks becoming diluted. But building microeconomies centered on G$, with communities actually putting it to use, can be very powerful, and those micro effects can grow into macro ones over time.
Look forward to more discourse and getting to know the community better.