# Creating the Next FX Market: A Strategy to Attract Liquidity to Celo

**URL:** <https://forum.celo.org/t/creating-the-next-fx-market-a-strategy-to-attract-liquidity-to-celo/11840>\
**Category:** Governance Proposals\
**Tags:** governance, funding\
**Created:** [July 21, 2025, 2:22pm UTC](https://forum.celo.org/t/creating-the-next-fx-market-a-strategy-to-attract-liquidity-to-celo/11840 "2025-07-21T14:22:11Z")\
**Posts on this page:** 1\
**Showing post:** 9

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**Author:** ![CeloColombia](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/celocolombia/32/9767_2.png) [@CeloColombia](https://forum.celo.org/u/CeloColombia)\
**Post date:** [July 22, 2025, 4:46pm UTC](https://forum.celo.org/t/creating-the-next-fx-market-a-strategy-to-attract-liquidity-to-celo/11840/9 "2025-07-22T16:46:49Z")

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We really like this proposal and appreciate the strategic thinking behind using MEV and arbitrage to strengthen Celo’s FX layer. There’s clearly a lot of untapped potential in connecting DEX/DEX and DEX/CEX markets, and it makes a lot of sense to align incentives between validators, LPs, and searchers ⚙📈

That said, the proposal is asking for a significant amount of funding, and as we all know, the Community Fund isn’t in the best position right now to support very large requests 💰. Maybe there’s a chance to explore a combined strategy with the [Stabila Season 1 proposal](https://forum.celo.org/t/stabila-season-1-funding-request-defi-flywheel-infrastructure-incentives), since both are focused on building core DeFi infrastructure 🔗

We also had a couple of questions:

1. The proposal mentions eight $200K pools for long-tail stablecoins. Could you clarify which stablecoins are included in that list? 💬

2. While we support COPM as part of the broader Celo ecosystem and value the work they’re doing, we believe it’s important to focus more on **cCOP**. c **COP is part of the Mento protocol** , it’s already being used in adoption campaigns in Colombia 🇨🇴, and it aligns directly with Celo’s long-term vision for public goods and regenerative finance 🌱. We’d really love to see **cCOP prioritized more clearly** in this proposal.

One last thought: has Credit Collective considered contributing to on/off-ramp infrastructure? That’s still a big challenge in emerging markets 🌍 and could go hand in hand with the FX and arbitrage work you’re doing.

Thanks again for putting this together. It’s exciting to see more long-term thinking around real world usage on Celo 🚀

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_[View the full topic](https://forum.celo.org/t/creating-the-next-fx-market-a-strategy-to-attract-liquidity-to-celo/11840)._