StakedCelo: Upgrade to v3

Ecosystem Dapps
1

Hey Celo community, and especially all users of the StakedCelo (stCELO) protocol:

I am posting here as a Celo community member and contributor to StakedCelo. The multisig holders have approved an upgrade of StakedCelo from v2 to v3.

Short summary:

  • The StakedCelo protocol is upgraded to v3, which has following benefits:
    • Celo Governance can now execute proposals as the stCELO Multisig.
    • stCELO contracts can now be paused, either by Celo Governance, or by a Multisig owner.
  • 1 additional MultiSig owner is being added
  • 3/5 multisig holders have voted on the code change (last confirmation transaction here ). Therefore, the 7-day timelock has started. It will elapse on Wed May 08 2024 00:29:57 UTC. After that, the change will be executed and go into effect.

Details:

For anyone wishing to verify the code changes which will go into effect:

  • The proposal was submitted with this transaction and the following parameters:
    • Destinations: [0x78DaA21FcE4D30E74fF745Da3204764a0ad40179,0x0239b96D10a434a56CC9E09383077A0490cF9398,0x4aAD04D41FD7fd495503731C5a2579e19054C432,0xC668583dcbDc9ae6FA3CE46462758188adfdfC24,0xDa30d1F96C17Fe7919FC12Ea672915c2e0B9ab8e,0x140b36FFc554d174fbf1B436C50D5409bDceCDCF,0xb88af6EAc9cd146D8b03b66708EF76beBD937871,0x3A3ed74B1cC543D5EB323f70ac2F19977a0eA088,0xDc5762753043327d74e0a538199c1488FC1F44cf,0x78DaA21FcE4D30E74fF745Da3204764a0ad40179,0x0239b96D10a434a56CC9E09383077A0490cF9398,0x4aAD04D41FD7fd495503731C5a2579e19054C432,0xC668583dcbDc9ae6FA3CE46462758188adfdfC24,0xDa30d1F96C17Fe7919FC12Ea672915c2e0B9ab8e,0x140b36FFc554d174fbf1B436C50D5409bDceCDCF,0xb88af6EAc9cd146D8b03b66708EF76beBD937871,0x3A3ed74B1cC543D5EB323f70ac2F19977a0eA088,0xDc5762753043327d74e0a538199c1488FC1F44cf,0x3A3ed74B1cC543D5EB323f70ac2F19977a0eA088,0x78DaA21FcE4D30E74fF745Da3204764a0ad40179]
    • Values: [0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
    • payloads: [0x3659cfe60000000000000000000000008bd50c8df89840ca8e78c32a730076397933f818,0x3659cfe60000000000000000000000002cb8b2e0915629c8999e739932f6a6642600e9af,0x3659cfe600000000000000000000000007550767a1604af3e504749e284792ff30fb4a53,0x3659cfe60000000000000000000000006e17cf4e1a21125d0ce9a1ce4a284ad7bf783b67,0x3659cfe600000000000000000000000054496eb9b1ec14bf718b5de11f269b23063f83bd,0x3659cfe6000000000000000000000000073bb388eeea656e056c8750494cd0bc460985d9,0x3659cfe600000000000000000000000054c819e39fde40aa8fcf1244589ec5aebf32999a,0x3659cfe6000000000000000000000000d718b64bc1facbd0087d827c0a3ea144445f5745,0x3659cfe600000000000000000000000058fc5556dfb1a1b23e32b395f6522aa86c14713c,0x2d88af4a00000000000000000000000078daa21fce4d30e74ff745da3204764a0ad40179,0x7c0d530f,0x7c0d530f,0x7c0d530f,0x7c0d530f,0x7c0d530f,0x7c0d530f,0x7c0d530f,0x7c0d530f,0x41b9179f0000000000000000000000000000000000000000000000000000000000000003,0x7065cb4800000000000000000000000001aae13f65fb90b490e6614ade0bfffa57ac5bbc]
  • The payload needed to submit the multisig proposal was generated using
    • yarn hardhat stakedCelo:multiSig:update:v2:v3 --network celo --account <Multisig submitter>
    • StakedCelo github repo

If you have any questions, feedback or thoughts, please share these below.

Best,

Soloseng

2 Likes
2

Thanks a lot for the update!

I do not fully understand this point

  • Celo Governance can now execute proposals as the stCELO Multisig.

Can you please explain more about it? Maybe with an example of usecase?

3

This is in an effort to bring stacked Celo closer to the CELO community by giving Celo Governance co-ownership of the stCELO protocol.

An example of this would be if the CELO community wanted to add a specific validator group to the list of default validator groups, they could do so by proposing and voting on a CELO Governance proposal that makes the desired changes.

1 Like