Diversifi, the first tech-driven crypto risk management platform for institutions, and Cloverly, a sustainability-as-a-service platform, cooperate on helping the crypto industry offset its environmental footprint.
Diversifi automatically offsets the carbon footprint of crypto holders by calculating the carbon footprint and utilizing Cloverly?s carbon offset API. The offset addresses the impact of Bitcoin mining, Ether mining, and smart contracts execution, including minting NFTs.
"We remove the complexities from the process. We want crypto investment to be a safe, positive and responsible thing: we provide ways to hedge against risk and protect against losses without affecting the environment. No other company offers that," says Eitan Katz, the CEO at Diversifi.
The service is available through the Diversifi platform dashboard. Users need to specify the amounts (BTC or ETH) they want to offset. The Diversifi platform calculates the costs and executes via the Cloverly API.
"The Cloverly team is very excited to be working with Diversifi. Combining crypto and sustainability is a much needed offering due to the energy-intensive nature of this industry. Diversifi are clearly thought-leaders in their space by bringing this offering to market."
We welcome the shift of miners to more usage of renewable energy, as well as the move to less polluting consensus mechanisms (i.e. PoS). In the meantime, we invite every HODLer, trader, asset manager and miner to invest responsibly in more sustainable cryptocurrency. Funds, corporates, asset managers, family offices could already use the new service. To celebrate the launch, and for a limited period of time, Diversifi will not incur any additional fees other than the fees charged by its partners. The service is available today in every jurisdiction.