Prezenti Season 1 Funding Request: Direct Grants [REVISED]

Governance Governance Proposals
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Update: CELO → cUSD Swaps for Prezenti Season 1 Funding

As per the governance proposal Prezenti Season 1 Funding Request (Direct Grants Revised), we have executed a series of swaps from CELO to cUSD to operationalize the approved budget.

Below is a detailed breakdown of all tranche conversions, including amounts, rates achieved, and nonce references for transparency.

Addresses

Master: 0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44
Hot Wallet: 0x8E3C938C5f84F5eCb8355Dc58C0916Ad2610Dbae
Governance contract: 0xD533Ca259b330c7A88f74E000a3FaEa2d63B7972

Swap Execution Timeline

  • Aug 15, 2025

    • MASTER → Hot wallet: 200,000 CELO (nonce 55)
    • Tranche 1: 100,000 CELO → 32,887 cUSD

  • Aug 17, 2025

    • Tranche 2: 100,000 CELO → 35,036 cUSD
    • MASTER → Hot wallet: 200,000 CELO (nonce 56)

  • Aug 18, 2025

    • Tranche 3: 100,000 CELO → 32,502 cUSD

  • Aug 19, 2025

    • Tranche 4: 100,000 CELO → 31,187 cUSD
    • MASTER → Hot wallet: 200,000 CELO (nonce 57)

  • Aug 20, 2025

    • Tranche 5: 100,000 CELO → 32,215 cUSD

  • Aug 25, 2025

    • Tranche 5: 100,000 CELO → 31,802 cUSD
    • MASTER → Hot wallet: 200,000 CELO (nonce 58)

  • Aug 26, 2025

    • Tranche 6: 100,000 CELO → 32,103 cUSD

  • Aug 27, 2025

    • Tranche 7: 100,000 CELO → 32,403 cUSD
    • MASTER → Hot wallet: 200,000 CELO (nonce 59)

  • Aug 29, 2025

    • Tranche 8: 100,000 CELO → 30,509 cUSD

  • Sep 1, 2025

    • Tranche 9: 100,000 CELO → 30,070 cUSD
    • MASTER → Hot wallet: 200,000 CELO (nonce 60)

  • Sep 2, 2025

    • Tranche 10: 100,000 CELO → 29,902 cUSD

  • Sep 3, 2025

    • Tranche 11: 100,000 CELO → 30,244 cUSD
    • MASTER → Hot wallet: 200,000 CELO (nonce 61)

  • Sep 4, 2025

    • Tranche 12: 100,000 CELO → 28,581 cUSD

  • Sep 8, 2025

    • Tranche 13: 100,000 CELO → 29,718 cUSD
    • MASTER → Hot wallet: 110,000 CELO (nonce 62)

  • Sep 8, 2025

Notes

  • All swaps were conducted from MASTER → hot wallet → cUSD and accounted for in our Accounting Software and is visible by tracking the associated addresses.
  • The execution spanned 14 tranches over a period of 24 days, ensuring liquidity management and minimized slippage.
  • The excess CELO (243,997 CELO) has been returned to the Governance contract.

Closing

We share this report to maintain full transparency with the community on the use of allocated funds. Thank you to all contributors for supporting this process, and please feel free to raise any questions in this thread.

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