This thread summarizes the Celo Community Treasury and Governance since the inception of Celo Mainnet in April 2020. This overview provides context that can help improve Governance and Community Treasury guidelines to support the development of the Celo Ecosystem.
Call to action: We’re eager to hear your thoughts about Celo Community Treasury budgeting and spending. What are the types of initiatives you deem high return on investment? What kinds of initiatives would you like to see less of? How would you like Celo Community Treasury to approach spending? Please share your thoughts!
Over the past 3+ years, Celo has Governed its Chain and Ecosystem through on-chain Governance. Through a total of 142 Celo Governance Proposals, Celo has made different types of decisions through on-chain votes.
Until Q4 2022, the CGPs focused primarly on Celo Protocol, Infrastructure, and Mento-related governance, with Celo Ecosystem initiatives being led by other organizations such as Prezenti, Celo Foundation, and Celo Camp.
In 2023, there was an acceleration of program proposals and budget requests to the Celo Community Treasury. A complete overview of the Celo Governance proposals, vote outcomes, and a short description can be found here.
Current Programs and Estimate Budget
Celo Governance has initiated 15+ ecosystem initiatives through the passing of CGPs. These initiatives can be categorized as such:
- Ecosystem Programs to accelerate the development of Celo, such as Climate Collective, Credit Collective, and Prezenti.
- Regional DAO initiatives to accelerate adoption and growth, with Africa and Europe coming to the end of their initial season and Latam and Korea projected to have resources for 2024.
- Infrastructure and DAPP development such as the Chainlink SCALE Progam, cLabs L2 proposal, and the deployment of Centrifuge.
Based on the ongoing initiatives and assuming spending to remain constant, the Celo Community Treasury is allocating approximately ~15M CELO or ~8.25M USD at current prices to run the current initiatives.
Community Reserve Size and Ecosystem Runway
At the time of writing, the Celo Community Treasury had 26,961,138 CELO + 1,716,054 cEUR in its reserve for an approximate total of $16,697,409. However, some of the CELO and cEUR are already earmarked to passed proposals and can be claimed by the proposers.
Following CGP102, Mento will be returning a total of 120M CELO, 25M of which have already been sent to the Celo Community Treasury.
Assuming the yearly community treasury spend, and Celo price remains constant, the Community Treasury would have the following number of months left to fund operations:
- Approx runway current treasury: 24 Months
- Approx runway if all Celo returned: 98 Months