GM Celo Builders!
We (Glo Dollar) are running a Liquidity Flywheel on Celo, and want to make sure more projects know they can participate and potentially earn a portion of our $3K/month in recurring builder grants.
The TLDR for those who don’t know Glo:
Glo Dollar is a US Regulated, 1:1 fiat backed stablecoin that donates 100% of profits generated by its backing assets to Celo Public Goods. We’re now donating >$3000 USDGLO per month to builders within the Celo ecosystem.
To equitably distribute this $3k every month, we’re running a liquidity competition on Celo where teams earn monthly grants by pairing their token with Glo Dollar (USDGLO) and rallying their community to add liquidity to the pool. It’s a way to boost your token’s onchain liquidity while also earning recurring, retro-style grants—no proposals or long applications required.
Right now, we’re donating $3K/month to Celo projects that are part of the program. There is currently $25K in liquidity that is eligible, so if your project were to add even $1K of USDGLO to either a LP with your token, or some sort of lending contract, you’d earn $116 that month.
Each month kicks off a new liquidity competition, where any project in the Celo ecosystem can compete for a share of that month’s grant funding. The higher the market cap of Glo Dollar on Celo, the more funding we’re able to redistribute back into the ecosystem.
Here’s what projects have earned so far from the $18,600 we’ve distributed since starting the program in the fall:
- CeloPG: $6,078
- Ubeswap: $4,790
- GoodDollar: $3,429
- Gainforest: $1,576
- BioFi Project: $744
- Refi Medellin: $859
- Commons: $710
- Regen Coordination: $284
- Agroforest DAO: $105
- ANKOR: $25
Whether you’re a DeFi app, ReFi project, or community DAO, this is a simple way to improve your token’s liquidity and visibility, while earning monthly grant funding along the way.
No token? No problem. There are other ways to participate in the flywheel.
These include setting up lending contracts, commitment pools, deploying a cookie jar or anything else you can think of that grows the amount of Glo Dollar onchain.
Projects need to check 2 boxes for eligibility
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They are considered a Celo Public Good. Celo Public Goods are projects and individuals that are building a regenerative economy leveraging the Celo blockchain. Most Celo Public Goods are listed in this database, and should have received a grant from CeloPG. The CeloPG Stewards will help us decide whether or not a project is considered a Celo Public Good.
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They have a token that enables their community to create and add to liquidity pools of the token and Glo Dollar. The TVL is captured in a smart contract and/or platform the project controls, and anyone should be able to contribute to this TVL.
You can read more about eligibility here.
If you’re not sure how to participate, let me know and we can set up a call or connect async to chat it through.
We would love to see more projects participating and earning monthly grants to support what they are building in the Celo ecosystem.
A cool feature of the Celo x Glo Dollar Liquidity Flywheel is that it’s not just about growing Glo Dollar, it’s actually helping deepen liquidity for participating projects’ own tokens. By pairing with Glo Dollar, builders are creating stronger, more liquid markets for their tokens. That’s good for users, good for protocols, and good for the Celo ecosystem overall.
We’re seeing a compounding effect:
- USDGLO TVL increases
- Individual project token liquidity deepens
- And Celo’s overall TVL grows as a result of this recurring, low-friction funding model
This isn’t just a grant program, it’s a flywheel that makes Celo’s DeFi infrastructure more robust with every new participating project.
Fund Builders → Generate Liquidity → Grow Celo TVL, a true win-win grant program.
I’m happy to answer any questions here in the forum, on telegram/X/farcaster (@lanzdingz) or we can hop on a quick call!
We also have a proposal up, to use USDGLO as a gas token on Celo. Any feedback or support is welcomed thank you.