Celo Governance Call #42 | Feb 15th, 2024

Governance Governance Calls
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The next Governance Call #42 is scheduled for February 15th, 2024.

Special Note for this Call.**

:exclamation:Agenda is Closed.
Call Scheduled only to allow discussions about Celo Governance Guidelines and Public Goods Funding Strategy H1 2024

Issue in the Celo Governance Github Repo

Governance Call Information

  • Date: February 15th, 2024
  • Time: 9:30 am PT / 12:30 m ET / 5:30 pm UTC / 6:30 pm CET (60 minutes max)
  • Location: Register on Luma
  • Add to your Google Calendar: Celo Signal

Call Recording

Will be shared after the meeting in the table inside the Readme file of the Celo Governance Github Repo

Introduction

Governance Editors

Proposals for Discussion

Crowdsourced on the forum and Github prior to the meeting.
:bangbang: (Max Proposals per Call: 3 Proposals)

Other Discussions and Q&A

Open discussion and questions

Remember

All are welcome to attend!

*CC: Governance Working Group (@CalicoKittencat @ericnakagawa @Wade @0xGoldo @MayaRB @willkraft)

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Call Summary

It was really great chatting on the governance call today. To summarize the call, it felt like the majority of folks were excited for the creation of the Public Goods Fund and the general idea of having stables in the reserve. Other topics in call can be found below:

  • With the general market sentiment improving there was discussion around whether a trade of $10M of CELO would be better as a trade for BTC and ETH and other stablecoins makes sense at this time, or if there were alternative ways to provide the stablecoins needed to support pending and future community requests.
  • The idea of tasking the Community Fund with exploring ways to work with market makers to provide liquidity for CELO assets in its treasury and potentially exploring specific targets, ratios, and frequency for balancing.
  • We covered one path forward after the passing of the Public Goods proposal to then allow the community to weigh in on how it wishes to manage the community fund assets. This could include swapping back a portion of the 10M cUSD from the proposal (less Public Goods needs) and considering swapping back into BTC and ETH or to consider other options.
  • In the Public Goods proposal a request to increase the minimum CELO needed to submit future proposals from 100 to 10,000 CELO. It was generally agreed that 100 was too low, and 100,000 or higher seems to high.

Google Meet recording

More info on the proposal discussed today: