Adding GoodDollar as gas token on Celo

I’m a fan of G$ and support the overall mission however, I am going to vote ‘No’ on proposal ID 138 because adding a new gas token introduces systemic risk to the network and I’m not convinced all the risks have been properly discussed and mitigated.

If G$ value drops below some critical threshold, either because of an economic attack or code vulnerability, then the network could become spammed to a halt due to ‘free gas’.

Also, as far as I understand, using a token other than CELO to pay gas fees reduces the overall value of CELO since 0 CELO would be burned in transactions that pay gas fees with G$. Is that correct?

Have you considered less risky options like using a paymaster instead?

2 Likes