Proof of Usefulness Report

Toucan Protocol

Analysis completed on 1/31/2026

+424
Proof of Usefulness Score
Certified Problem Solver

Toucan Protocol is a recognized leader in the Regenerative Finance (ReFi) sector, successfully bridging over 8 million tonnes of carbon credits onto the blockchain. While the project demonstrates high real-world utility and technical innovation within the Web3 climate market, the submission itself was of low quality, featuring hyperbolic claims (e.g., 'most people have used my product') and unprofessional details. The score reflects the strong underlying technology and verified market history, heavily penalized by the lack of credible user-provided evidence and the inaccuracy of the reach claims.

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Score Breakdown

Real World Utility+200.0
Audience Reach Impact+40.0
Technical Innovation+127.5
Evidence Of Traction+87.5
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+517.5
Usefulness Multiplierx0.82
Final Score+424

Project Details

Project URL
toucan.earth
Description
Our bridging infrastructure enables carbon credits from traditional markets to enter web3 and get access to a full range of DeFi tools. Working with T1 DeFi protocols and the community, we enable carbon credits to be used as collateral, yields and money, as well as a huge range of novel applications. In the first week we have already bridged more than 8M tonnes of CO2, equivalent to the emissions of Costa Rica.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline