Project presentation:
Protocol name: Celo
Docs: https://docs.celo.org/
Twitter: https://twitter.com/CeloOrg
Website: https://celo.org/
Summary:
We propose to whitelist Celo on the Stake DAO Liquid Lockers to allow them to lock SDT and vote with veSDT.
Rationale:
Celo is a mobile-first blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone. Celo was designed to enable a new universe of financial solutions accessible for mobile users, creating a global financial ecosystem where an end-user can onboard into the Celo ecosystem with just a mobile number.
To benefit from the full utility of the CRV Liquid Locker, Celo wants to build a sdCRV position to vote efficiently on the Curve pools of their choice. To maximize the utility of the lockers and boost their sdCRV voting power, while keeping the security of a multisig, Celo requires whitelisted access to lock SDT tokens.
This will also allow them to re-stake CRV rewards into sdCRV, allowing them to further grow their sdCRV position and increase their voting power on Curve gauges directly from the Liquid Lockers platform.
Means:
Human resources: Minimal developer time needed.
Treasury resources: No treasury resources needed.
Technical Implementation:
Update the SDT smart wallet whitelist.
Proposal specifications:
Admin: veSDT holders
Community feedback: 2 days minimum
Voting Duration: 3 days
Voting Options:
- Yes, whitelist Celo on Stake DAO
- No, reject Celo whitelist
- Abstain
0 voters