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cadow was established by three pioneering organizations, each bringing years of experience and expertise in the carbon markets since the mid-2010s. These included Offsetting, focusing on emissions analysis for blockchains, Twocan Protocol, which transformed carbon credits from traditional off-chain systems onto public blockchains, and CRE, working towards enhancing energy efficiency through carbon credits.
Together, they identified persistent challenges: limited access to market entry, inadequate liquidity for trading credits, and the lack of programmability in carbon credit retirement. This collaboration led to the formation of cadow, a decentralized finance protocol aiming to bridge these gaps.