@0xGoldo this proposal, if approved, would not affect/change Celo Foundation’s funding of cLabs. The idea here, from discussing with @tim, would be to accelerate the L2 roadmap and scalability work:
Note also that these funds would be initially locked, vesting over time.
With Celo’s recent adoption growth (active wallets up 500% in last 6M) and new major initiatives like MiniPay going live, I do appreciate @tim starting a conversation around how to unlock more funding for core blockchain work as well as key public goods (eg SocialConnect).
@tim how do you see other companies in the ecosystem, especially those that have the engineering capacity, be able to contribute to core public goods work (we have started to see some examples of that happening eg with Valora’s work around FiatConnect standard) - and could this proposal be updated to accelerate the way for that to happen at a bigger scale than currently.