We’d like to announce the Celo Ecosystem Treasury proposal as a CGP for the Celo community.
The purpose of the Treasury is focusing on 3 parts:
- Research & Development + Special Projects
- Ecosystem Activation
- Community Empowerment
There are many opportunities to accelerate R&D on building a new client, improving EVM features, as well as allocation of funds to support upstream clients we rely on. Also, lot’s of opportunities to do R&D on cryptography, DID, and mobile-first improvements.
We also want to focus on special projects and wild cards that can really push the envelope on Celo innovation.
For Ecosystem Activation, it’s time we stop looking at emerging markets from the eyes of VC-enabled saviours, but to give them the tools they need to succeed and more importantly governing funds for their local regions. We need more DAOs and hackathons and language translation for them with boots-on-the-ground support.
With community empowerment, we strongly feel that community support is lacking in Celo. We kickstarted a lot of initiatives for the core community and we need to expand that to support them and the larger community. Supporting working groups, sponsoring events, marketing the on-chain community fund and supporting community projects are a piece of what we will target.
The proposal will ask for 3 Million CELO from the on-chain governance in order to target large projects. Building a new client from scratch can reach up to $1 Million USD. Supporting the EVM is expensive. Blockchain developers are scarce.
We believe with this Treasury proposal we can simulate large developer activity on the EVM and cryptography R&D for Celo, Ethereum and Web3 at large. Also this will generate more emerging market governance and experimentation using those protocols.
The multisig for this proposal is composed of the following folks:
- Yaz Khoury - cLabs
- Jarrell James - cLabs
- Eric Nakagawa - cLabs
- Gab Micheletti - ProsperDAO
- Medha Kothari - she256
- Maya Zehavi
- Elizabeth Barnes - Figment
We welcome feedback on the CGP here.