Proposal to Transfer CELO from Governance Reserve to Governance Proxy

Governance Governance Proposals
1

Summary

This proposal requests the transfer of 8,692,815 CELO from the Governance Reserve (the custody contract created under CGP-156) to the Celo Governance Proxy, making these funds accessible for future governance use.

Motivation

The transfer is intended to ensure that the Celo community can continue executing governance-approved programs and commitments from Season 1. This proposal does not seek to spend or allocate any new funds, it is an operational step to make the funds available for withdrawal by previously approved proposals.

Specification

  • Source: Governance Reserve (custody reserve established in CGP-156)

  • Destination: Celo Governance Proxy

  • Amount: 8,692,815 CELO

  • Purpose: Operational transfer to ensure governance has accessible funds for pre-approved proposal.

The amount requested will cover the current outstanding commitments for proposals that have passed and been executed. The history of proposals can be viewed on Celo Mondo.

Next Steps

  • Execute a single on-chain transaction transferring 8,692,815 CELO from the Governance Reserve to the Governance Proxy.
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