Thanks, @opera_minipay, for this detailed thread and the incredible progress made over the past 15 months!
Most parts of this proposal seem clear, however, one element I think is important to highlight and address is the fact that the quarterly CELO amounts fluctuate based on the CELO price, which is near ATL.
With the volatility of the Digital Asset space, I believe it’s in everyone’s benefit to specify a maximum amount of CELO to be sent each quarter in case of negative market conditions.
I propose for the maximum to be set anywhere between 1.5-1.75M CELO translated to USD 0.378 per CELO - $USD 0.324 per CELO.
As such, the maximum permit of this second tranch would be: 5 * 1.5-1.75M = 7.5-8.75M CELO.
By specifying a maximum number of CELO distributed, Celo’s treasury situation for the coming years will be more clear, and the ecosystem can make better allocation decisions to ensure the development and growth of Celo.
Would love to get your perspective on setting a maximum number of CELO to be sent each quarter to reduce collective downside risk.