Thank you @WillRuddick and everyone for showing up and discussing the urgent issue of financial integrity and best practices.
I strongly believe that one reason the Celo price is down is because of an increasing crisis of trust within and outside the community regarding how outward-facing programs are managed and funded.
I know that @mbarbosa and several others are working on important transparency dashboards to visualize past transaction and funding graphs. The preliminary data already raises uncomfortable questions, and I believe, once ready, their critical work will help us establish clear community standards and a cultural pact.
I agree that Celo Season 2 should focus on housekeeping and retrospective analysis before approving further funds from our depleting community treasury. Specifically, we need:
- An independent audit of existing fund flows
- Clear accountability frameworks before any new capital deployment
If supported by the Celo Foundation, I would strongly propose @WillRuddick and Grassroots Economics (GE) to lead the Celo Housekeeping effort for Season 2. I personally believe that GE has consistently demonstrated the highest standards of integrity in our ecosystem, making them ideal stewards for this critical work. I would also love to see support and funding for @mbarbosa and others’ important transparency infrastructure work.
Long term, I believe our ecosystem needs to move towards robust accountability infrastructure such as the CCLCN framework proposed here: Celo Cosmo-Local Credit Network - Season 1 Funding Proposal - #29 by WillRuddick
Let’s make sure our bus is driving again but also that we are trusting our drivers.