Hi everyone,
I agree with @Joan_DeRB’s point that this proposal would benefit from further discussion. As a former CeloPG Steward during the last season there were many concerns raised to the Lead close to the end of the season which were not addressed and were suggested to be discussed in future proposals. So this seems to be a good opportunity to ensure that any new proposals cover these gaps.
- Something valuable that the proposal is not addressing and has also not been addressed in previous reports for Celo PG is the ROI of the funding being allocated by the program to the advancement of the adoption of Celo as a chain, stickiness of builders to the ecosystem, and growth in the network?
While the amount of matching funds achieved in the round is a good data point to consider, if we don’t know who many of these teams were actually part of the Celo ecosystem, we might find that the total value generated for Celo is actually less than it was allocated by CeloPG.
Could you please provide metrics and data on past benefits specific to Celo builders derived from these rounds? A simple summary that would be useful for decision makers could look like:
From the $80k sponsorship from CeloPG, how much of this funding was distributed to Celo builders/contributors? How much of the additional $150k in matching was distributed to these teams with a proven footprint in the Celo Ecosystem?
This information would be more informative in determining if these programs have resulted in a net positive outcome for the Ecosystem.
In addition, this would seem to be a better metric to evaluate the Milestone 3.
- One of the main concerns raised last season was the lack of communication with the Ecosystem Development team and with other stakeholders in the technical development of CEL2 to understand what types of Public Goods require prioritized funding in the Celo Ecosystem. Without effective communication and alignment funding is fragmented and it’s impact on the ecosystem is diluted or wasted by not prioritizing the long term needs for Celo at an infrastructure level and at a talent acquisition and use case level.
- How is the CeloPG team addressing this concern?
- What type of mechanisms or discussion spaces are considered to ensure there is good communication with other initiatives led by Labs/Foundation to ensure that fundig is flowing where necessary to advance the evolution of the ecosystem and the adoption of it’s technology?
It would be great if the team can share more information on how this will be worked on.
To the Milestones proposed:
3. Can you please explain in detail the need for a standalone CeloPG brand and other key assets? The website (platform, design etc) was created just last year and has been budgeted and was paid $18,000 cUSD in H2 last year alone. Why is there a new need for $7,500 cUSD for additional work?
How were the $18,000 cUSD from last used? For now, it would seem that additional expenses on the website are not merited based on the amount of funding allocated to it last year during H2 alone.
While a new branding to differentiate the program from the Celo Official brand is beneficial, this seems like a perfect opportunity to open an RFP or open up the redesign to potential members of the ecosystem that can deliver a valuable solution for a better price.
- Event Services.
It seems very little of this event is clear and most of the funding required to host an event is not considered in the proposal. Considering as well that the location and therefore the host community is unclear, it seems to be worth waiting to create a stand alone proposal to define what the budget required for the event should be to ensure that it is successfully hosted with the previous standards that have been delivered.
Going over the breakdown for the proposed Season 0 there are some points it would be useful to understand:
- Can you please share what has been the benefit for Celo as an Ecosystem and for the Celo PG program to cover the Legal costs to operate the ReFi Foundation? ($5,000 cUSD for this proposal)
- What is the reasoning behind covering the Accounting for the ReFi Foundation and it’s board members within the CeloPG budget? ($6,000 cUSD)
This however is an improvement considering that in H2-2024 CeloPG paid $12,000 cUSD to the ReFi Foundation for Accounting and Admin.
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Can the team also please share more on the functions of the board for the ReFi Foundation and who makes up the board?
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Adding to @Joan_DeRB’s comment, it would be helpful to revisit the salary structure of CPG team members, considering the salary structure that was in place last year. Last year the Lead received an allocation of 23,500 Celo and $40,000 cUSD for 100 hours of work per month for 6 months. For this proposal we are seeing a reduction of 40% in the number of hours, but an increase in the amount of CELO and a non-proportional reduction to the cUSD amount.
I think additionally having more transparency on the workload and team composition can help in aligning community expectations.
Something that was loosely addressed last season and was mentioned would be better addressed this season is the disclosure of Conflicts of Interest within the members of the CeloPG team. Can you please share what will be the policy used for disclosure of Conflicts of Interest by CeloPG contributors to the community? This is common practice across the industry, it would be greatly beneficial for Celo to adopt this procedures.
As best practice, it would also be good to have a process for the removal of members who have violated the COIs. Can the team please share what this process would be and what are the operational details for it?
Don’t think we’ll have the later case, but it is common practice (as done in multiple communities such as Optimism, etc) to have clear procedures to safeguard the wellbeing of the community.
- Can you please disclose what will be the framework used to allocate the “Program Coordination Flex Budget”? It would be hard for voters to determine if this budget should be allocated while blindly approving how it will be used. For example, under which circumstance would these funds be returned? Will the framework and evaluation logic be made public later on if not disclosed now?
Looking forward to the new information provided by the team that can help make improve this proposal to ensure the program delivers a great outcome for the Celo Ecosystem.