A standing rule so that buying, selling, lending and minting never blur again — especially when the calls start coming and the language has to be tight.
"It's not nothing in particular — it's just a rule so I won't get confused later. Buying and selling. Digital PRN obtaining and returning. That's the Carrot."
The Carrot is the obtaining-and-returning part — we buy material from suppliers same-day, verify it, return the material, and keep the dPRN. After that, the dPRN itself has its own life. This document fixes the language for both halves.
You can run one, two, or all three at once. The verification step (18 checkpoints, MD-305) is shared. Only the buyer at the end changes.
Buy material from suppliers same-day at £200/tonne. Verify. Return the material to the supplier. Keep the dPRN.
Mint a dPRN from the verified material at the fixed anchor of £450/tonne. Sell it to anyone who needs proof of compliance.
Optional. If you keep the material instead of returning it, sort/process it and sell to manufacturers and recyclers at the market rate.
| Line | What you do | What you keep | Who pays you |
|---|---|---|---|
| Carrot | Buy material from supplier (£200 same-day). Verify. Return material. | The dPRN. | Nobody yet — the dPRN is the asset you now hold. |
| dPRN line | Sell the dPRN at £450/t. | The cash. | Asda, Tesco, supermarkets, EPR-obligated buyers. |
| Material line | If retained: sort, process, sell. | The cash. | Manufacturers, recyclers, traders. |
Suppliers hear "Carrot" / SDV. Compliance buyers hear "dPRN at £450, fixed". Material traders hear "tonnage, grade, price per tonne". Cross those streams and you'll spend an hour explaining what could have closed in five minutes.
Once you hold a dPRN you have a choice. Sell it for cash. Or borrow against it and keep it. Or do both on different parcels — the hybrid is probably the sweet spot.
They need proof of compliance. EPR fees are heading toward ~£455/tonne. Your dPRN is fixed at £450. You're cheaper than the fee, immutable, and meal-attached.
You receive: £450 per tonne, immediately.
You give up: The dPRN. The asset is gone.
Best for: quick cash and proving demand.
Asset-backed lending against a fixed-price, immutable, hash-sealed digital asset. Typical advance rate: ~80% of the asset's value, revolving.
You receive: ~£360/tonne upfront facility (revolving).
You keep: The dPRN itself — sell it later when the price (or buyer) is right.
Best for: scaling fast while holding the asset.
| Their problem | Your solution |
|---|---|
| EPR fees rising toward ~£455/tonne | dPRN fixed at £450. Cheaper than the fee. |
| PRN market is volatile (£260–£440 swing) | dPRN is fixed. No surprises. Budget-friendly. |
| They need defensible ESG proof | Deed + 40 meals/tonne + SHA-256 hash. Immutable. |
| Greenwashing accusations are rising | Your VT Ledger seal makes their claim defensible. |
It's not a sale — it's a service. They don't do you a favour. You solve their problem. At a fixed price. With meals attached.
| Approach | Cash now | Asset retained | Future upside |
|---|---|---|---|
| Pathway A · Direct sale (10t) | £4,500 | None | None — asset sold. |
| Pathway B · ABL (80%) | £3,600 | 10 dPRNs (worth £4,500) | Sell later when price/buyer is right. |
| ★ Hybrid · sell 5 + ABL on 5 | £2,250 + £1,800 = £4,050 | 5 dPRNs | Cash now and future upside. |
The hybrid is the sovereign sweet spot. Sell enough to prove demand. Lend against the rest to scale. Let the market tell you which side is bigger.
Two non-negotiables sit at the top: the waste carrier licence (legal to handle material) and the unit (the physical anchor where verification happens). Without either, the rest of the cycle cannot run.
| Action | Priority | Why it matters |
|---|---|---|
| Get the waste carrier licence | HIGH · TODAY | The legal key. Without it, nothing else is legally executable. |
| Get the unit keys | HIGH · THIS WEEK | The physical anchor for verification. |
| Run the Carrot on the 2 tonnes | HIGH | Proves the cycle end-to-end on real material. |
| Mint 2 dPRNs | HIGH | Proof of asset. Required before ABL or supermarket call. |
| Approach Asda / supermarkets with dPRN offer | HIGH | Pathway A. Direct cash. Proves demand exists. |
| Open ABL conversation with minted dPRNs as proof | MEDIUM | Pathway B. Scales without selling the asset. |
"You don't have to choose. Run both. Prove both. Let the market tell you which is bigger."
Three lines. Two pathways. One verified asset.
The Carrot obtains and returns. The dPRN line sells the proof. The material line sells the stock.
Every dPRN minted has two doors out: sell to a supermarket, or borrow against it. Or both, on different parcels. The hybrid is the sweet spot.
Get the licence today. Get the unit this week. Run the Carrot. Mint the dPRNs. Then choose your door — or open both.