gm Celo Community!
We are excited to introduce Celo Mondo, an easy-to-use frontend for Celo’s core smart contracts. Whether you want to lock your CELO to secure the network and earn rewards, participate in governance, delegate voting power, or bridge assets, Celo Mondo provides a simple way to achieve that.
What is Celo Mondo?
Celo Mondo is a frontend for core actions on the Celo protocol, which was developed by the community. Specifically, Mondo lets you lock your CELO to help secure the Celo network and earn rewards, lets you participate in Celo governance proposals or delegate your voting power to knowledgeable people in the Celo ecosystem to participate on your behalf. Finally, it offers convenient links to various bridge protocols serving the Celo ecosystem.
Key Features
Staking:
Celo’s proof of stake consensus protocol secures the network today, and will eventually secure a decentralized sequencer after Celo’s L2 transition. Users can lock their CELO and stake it to individual validators to help secure the network and earn rewards. Since rewards are correlated with future and past validator performance, users will want to pick a validator that they trust and that provides good uptime, as.
Governance:
Celo uses full on-chain governance to upgrade system smart contracts and to spend funds stored in the Celo Community Fund. Once a user has locked CELO, they can participate in governance including upvoting which governance proposals they would like to see voted on. Once a proposal has received enough upvotes, it will progress to the referendum stage, when users can vote in favor, against, or abstain. Proposals need a minimum amount of participation to pass, so getting involved matters!
Delegation:
If you would rather delegate your voting power to a third party, the delegation tab can help you find people or entities to delegate to, who will be able to vote on governance proposals with your voting weight on your behalf. You can always revoke your voting power if you are unhappy with your delegate.
Bridging:
Multiple bridge protocols service the Celo ecosystem today, including Wormhole and Axelar as well as the soon to launch native L2 bridge. The bridging tab helps you find different bridge UIs that you can use to move your funds to and from the Celo network.
Conclusion
Celo Mondo is your go-to tool for engaging with the Celo ecosystem. Start staking, participate in governance, and explore bridging options today. Dive in, delegate your voting power, and contribute to the Celo community.
Your feedback and participation are valuable to the community. Join the conversation, share your experiences, and help us improve by leaving your comments here on the forum.
For more information and to get started, visit Celo Mondo.