# Digest: 3 Mento governance proposals open for discussion (MGP-14/15/16)

**URL:** <https://forum.celo.org/t/digest-3-mento-governance-proposals-open-for-discussion-mgp-14-15-16/13017>\
**Category:** Governance Proposals\
**Created:** [February 13, 2026, 1:51pm UTC](https://forum.celo.org/t/digest-3-mento-governance-proposals-open-for-discussion-mgp-14-15-16/13017 "2026-02-13T13:51:56Z")\
**Posts on this page:** 1\
**Showing post:** 8

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**Author:** ![Dee](https://avatars.discourse-cdn.com/v4/letter/d/58956e/32.png) [@Dee](https://forum.celo.org/u/Dee)\
**Post date:** [February 20, 2026, 5:14pm UTC](https://forum.celo.org/t/digest-3-mento-governance-proposals-open-for-discussion-mgp-14-15-16/13017/8 "2026-02-20T17:14:07Z")

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> [@bowd](#):
>
> ### MGP-15: Mento Protocol Foundation Funding Request
> 
> Funding request for the Mento Protocol Foundation, including rationale and intended use of funds to support continued protocol development and operations.  
> [MGP-15: Mento Protocol Foundation Funding Request - Governance - Mento Forum](https://forum.mento.org/t/mgp-15-mento-protocol-foundation-funding-request/104/1)

I am extremely concerned by this. I want Mento V3 and the token launch to succeed. **I’m voting NO on MGP-15** as written because the Reserve is the stability backstop, not a recurring operating wallet. That weakens confidence exactly when we need it most.

MGP-15 states the Reserve is ~1.4x collateralized with about $6.7m of overcollateralization. A $3.75m draw removes ~56% of that safety buffer in one step. That’s a major hit to confidence for a system whose #1 job is to preserve the peg.

[MGP-10](https://governance.mento.org/proposals/79817624852068619985515935884901821263622880118971562290076370295817935556773) already proposed selling $9m of Reserve BTC/ETH for funding. Before governance approves more, we need spend-to-date, remaining runway, and what changed vs. the prior budget made just 5 months ago.

If the goal is a token launch, that’s venture-style risk and should be financed via investors / token-sale economics, not by shrinking the insurance fund that protects stablecoins holders.

I will change my vote to YES if MGP-15 is restructured in this manner:

1. What is the concrete plan to increase the Reserve buffer and TVL over the next 6 to12 months?
2. Treat the full $12.75m as a loan to the Foundation, repaid to the Reserve from protocol fees and/or token launch proceeds (align upside with the Reserve that takes the risk).
3. Immediate alignment with Celo: route a defined % of Mento protocol fees into a transparent mechanism (Reserve replenishment first; and then a fee-vault model that creates a clean [“More usage = more yield”](https://forum.celo.org/t/launching-the-celo-tokenomics-initiative-designing-the-next-era-together/12749/22) narrative across the ecosystem).
4. Publish a simple dashboard + monthly reporting (Reserve buffer, net revenues, runway) until the loan is repaid and buffers are restored.

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