Summary
This proposal requests 3,430,000 CELO tokens($276,400 cUSD) to fund Prezenti's Season 2 operations from February through August 2026. Combined with $70,000 in carryover from Season 1, this provides $346,400 total capacity to operate Celo's direct grants program.
Prezenti focuses exclusively on funding builders aligned with ecosystem priorities, emphasizing applications that generate transaction volume and TVL growth, particularly through MiniPay distribution. Season 2 streamlines operations by consolidating to two focused grant pools: Boost (invite-only, Foundation-aligned teams) and Anchor (open applications with stage-based criteria).
This represents a 41% reduction in funding compared to Season 1 while maintaining execution capacity through improved operational efficiency and strengthened stage-based criteria.
Motivation
Prezenti operates Celo's direct grants program, funding builders aligned with ecosystem priorities. The organization has demonstrated strong execution in Season 1, achieving:
- 17 grants signed
- $130,000 deployed to builders
- $200,000 in strategic partnerships facilitated
- $86,790 rolled forward to Season 2
- Successful "Boost Pool" approach for identifying aligned builders
The grants landscape has matured since Season 1. Prezenti now focuses exclusively on two core intents:
- Growing Transactions: Supporting revenue-generating applications that contribute to chain sustainability
- Growing TVL: Prioritizing teams demonstrating verifiable traction with 10,000+ daily transactions
This focused approach ensures disciplined deployment of ecosystem resources toward measurable outcomes that directly impact Celo's growth.
Specification
Grant Pools for Season 2
Prezenti will operate two distinct grant pools:
1. Boost Pool - $70,000 (Carryover)
- Type: Invite-only
- Focus: Foundation-aligned teams with strategic importance
- Criteria: Teams identified through Foundation partnerships and ecosystem priorities
- Process: Direct outreach and fast-track evaluation
2. Anchor Pool - $220,000 (New Funding)
- Type: Open applications
- Focus: Stage-based funding aligned with transaction volume criteria
- Structure:
- Stage 2 (10K-100K daily transactions): ~$25K grants
- Stage 3 (100K-500K daily transactions): ~$50K grants
- Stage 4 (500K+ daily transactions): Case-by-case evaluation
Budget Breakdown
| Category |
Amount |
Purpose |
| Grant Capacity |
$290,000 |
Direct grants to builders |
| Steward Compensation |
$51,400 |
Team operations (Feb-Aug 2026) |
| Contingency |
$5,000 |
Wind-down reserve |
| Total Operations |
$56,400 |
19% overhead ratio |
| Total Request |
$346,400 |
Full program budget |
Funding Request Details
- New cUSD: $276,400
- CELO Tokens: 3,430,000 CELO (based on payment terms below)
- Carryover from Season 1: $70,000
- Total Capacity: $346,400
Timeline
- January 2026: Proposal ratification
- February 2026: Boost pool activation; Anchor applications open
- May 2026: Mid-season forum update
- June 2026: Application deadline
- June/July 2026: Season close and planning
Key Performance Indicators
Prezenti commits to delivering:
- 12-18 grants signed
- Two complete grant rounds delivered
- 100% rejected applicant feedback provided
- Mid-season update published
- At least one grantee case study released
- Public multisig transaction logs maintained
Team & Governance
Multisig Signers (2/3 required):
- Wade Abel — Founder, independent validator, Governance Guild member
- Maya Brown — Founder, grant proposal specialist
- Aaron Boyd — Founder (advisory role), independent validator
Multisig Address: 0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44
Key Improvements from Season 1
- Eliminated Scale Pool: Removed $50K grant tier for focused deployment
- Consolidated Approach: Two pools instead of three for operational efficiency
- Strengthened Criteria: Enhanced stage-based alignment with transaction volume
- Reduced Overhead: 41% lower total ask while maintaining capacity
- Maintained DevRel Integration: Continued pipeline sourcing through ecosystem partners
Wind-Down Commitment
If future funding is not secured, Prezenti commits to:
- Completing all existing grant obligations
- Responsibly closing operations
- Returning unspent funds to the Community Treasury
- Providing final accounting and documentation
Proposed Changes
Transaction Descriptions
- Increase CELO allowance for Prezenti multisig
- Destination: 0x471EcE3750Da237f93B8E339c536989b8978a438 (GoldToken)
- Data: Increase CELO allowance
- Value: 2,520,000 CELO
Json Script
[
{
"contract": "GoldToken",
"address": "0x471EcE3750Da237f93B8E339c536989b8978a438",
"function": "increaseAllowance",
"args": [
"0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44",
"3430000000000000000000000"
],
"value": "0"
}
Payment Terms
Upon approval, the total budget will be deposited to the Prezenti Master Multisig in a single transaction from the Community Fund.
Prezenti Master Multisig (2/3): 0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44
Grant Pool Safes and link to all our Prezenti transaction logs here:
- Growth Pool: 0x3C9a27cd6d3CaF595aa5088001482664215f8Da7
- Boost Pool: 0xdCc89C89c3705D90EebFF3db911CCefA8C0B8d5F
- Admin Safe: 0x03344b9FCDdE6BE2FEF42876dB8fDc0696Ec688F
- Partnership: 0x4eb2d379b7b74aeff190898e049dfd4687a45512
- Boost: 0xd0622d262a1b912da6b587f5df7017f3a02462af
- Master: 0xa5c9389a0ce1bfe24ff883e761ff313225c77d44
- Pilot pool: 0xdcc89c89c3705d90eebff3db911ccefa8c0b8d5f
- Hot Wallet: 0x8e3c938c5f84f5ecb8355dc58c0916ad2610dbae
- Scale pool: 0xd1e5488b44af038f2b220d1e53f0cb068904e3b3
- Micro pool: 0xa0bfa96a40cb3aead1a34cffc1301226dbc5d2ec
- Anchor: TBC
Final Payment Terms:
The payment will be in CELO due to the Community Fund contract holding the majority of available funds in CELO. We use a 90‑day rolling average to determine the price, which smooths out short‑term volatility and provides a fair valuation for grant disbursement.
Based on this 90‑day average (November 14, 2025 – February 12, 2026), CELO is valued at approximately $0.095 USD, implying that to fully cover the requested $276,400 USD budget, approximately 2,909,000–2,997,000 CELO would be required (including a ~3% buffer for price movement and execution).
However, when testing a real swap on-chain using the cUSD/CELO pool, the executable rate is currently ~12.05 CELO per 1 cUSD (≈$0.083 per CELO). At this rate, approximately 3,329,000 CELO would be needed to realize the full $276,400 budget.
We are therefore requesting 3,430,000 CELO, aligning with the current executable on‑chain rate plus a ~3% buffer for price movement. Presenting both the 90‑day average and the real‑time executable price ensures transparency for governance and guarantees that the program is properly funded regardless of market depth or execution slippage. Any unused funds would be returned to the Community Fund and documented in a similar fashion to our Season 1 reporting.
Verification
A human readable version of this proposal can be found using the following command (on-chain ID determined after submission):
$ celocli governance:show --proposalID xxx --node https://forno.celo.org
Risks
Governance & Execution Risks
- Multisig Dependency: Requires 2/3 signers for all transactions; mitigated by experienced team with proven track record
- Builder Selection: Risk of funding projects that don't achieve traction; mitigated by stage-based criteria requiring demonstrated transaction volume
- Market Volatility: CELO token value fluctuation could affect grant capacity; mitigated by 3% buffer in token allocation
Ecosystem Risks
- Concentration Risk: Two-pool structure may limit diversity; mitigated by maintaining both invite-only and open application pathways
- Sustainability: Builders may become grant-dependent; mitigated by focus on revenue-generating applications with demonstrated traction
Mitigation Strategies
- Transparent multisig operations with public transaction logs
- Rigorous stage-based criteria requiring verifiable metrics
- Mid-season forum update for community oversight
- DevRel integration for quality pipeline sourcing
- Wind-down commitment ensuring responsible closure if needed
Useful Links