Celo Governance Guidelines and Public Goods Funding Strategy H1 2024 (Revised)

Governance Governance Proposals
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Thanks to all stakeholders for providing valuable input over the past two weeks. The following changes have been made to the documents:

We created the PR with Payload and tested the transaction together with Mento Labs

Governance Updates

  • Clarified the governance phases and improved readability
  • Changed Submission Requirements for Celo Governance Contracts submission from a Minimum of 100,000 Locked Celo Balance to a Deposit of 10,000 Locked Celo.
  • Updated Minimum cooldown period for a proposal with majority yes votes that didn’t reach quorum from 1 to 2 full weeks.
  • Updated Minimum cooldown period for a proposal with a majority of no votes from 1 to 4 full weeks.
  • Added Ruben as a Governance Guardian.

Mento Proposal

  • Updated the calculation on January 22nd, 2024.
  • Added clarification on the Action plan and Mento Reserve Mandate.

Public Goods Stewards

  • Added the Regenerative Finance Foundation, a non-profit foundation as operator of the Public Goods Stewards budget.
  • Expanded stewards to 5 active and 4 passive members
  • Expanded the multisig from 4 out of 7 to 5 out of 9
  • Added the following active stewards: Sophia Dew, Daniel Olarte
  • Removed the following active steward: Marco Barbossa
  • Added the following passive stewards: Aaron Boyd, Maya Brown, Marco Barbossa and Pedro Oliveira

Next Steps
The proposal has been formatted as CGP in Github and submitted for CGP editor review. Tomorrow, January 24th, 2024, we hope to present during the Governance call. If no significant conflicts arise, we aim to submit the proposal to Celo Governance the day after, on January 25th.

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