This subsequent proposal is a request for a further continuation of funding for Prezenti, enabling us to provide the only regular direct grant funding within the ecosystem in Season 1. This is a necessary and critical pillar to ensuring Celo’s continued growth, attracting and retaining top-tier talent.
This proposal seeks approval to support the Celo Season 1 intents:
This approval is for $470,000 cUSD(In Celo's native token - CELO) to support builders, founders, and projects that align with Season 1.
Prezenti has become a trusted part of the Celo ecosystem. Over the last 3 years, we have offered a stable, reliable way to direct community funds to individuals and projects driving thoughtful innovation. Small and medium-sized grants are essential to any thriving blockchain network, and Prezenti has previously ensured this vital support is always available on Celo and would like to continue this mission.
In our 2024 retrospective, we highlighted the three phases of Prezenti, with 2025 identified as the year of "fusion." Below, we outline what Prezenti aims to achieve and support for the Celo Community in Season 1.
The Prezenti team will continue offering direct grants to the Celo Community for Season 1. This proposal is for the second half of 2025 (August - December) aligning with the Season 1 intent. We plan to:
Prezenti would run:
Both are 100% focused on Season 1 intents.
For Season 1 we have removed the ‘Micro Pool’ ($2k cUSD) and ‘Pilot Pool’ ($10k cUSD). After running 4 rounds with the ‘pool’ structure, we have decided these do not map effectively towards Celo’s builder funnel goals.
Season 1 grant pools:
In previous rounds, Regional DAOs provided valuable local insight. Under the new framework, we will instead include 1–2 reviewers from the Celo Foundation (pro bono) for on-the-ground perspective.
Prezenti will continue to be a primary stakeholder and driver of shaping ecosystem-wide grant offerings as Celo moves through the Seasons.
Season 1 focus:
*Metrics to be delivered using KarmaGAP.
| Month | Peach Round | Boost Round |
|---|---|---|
| August | Launch Peach round | Boost Pool funding open |
| September | Close Peach round / start reviews | Review, KYC & support grants |
| October | Finish Peach review & begin KYC | Review, KYC & support grants |
| November | BAU - support ongoing grants | Review, KYC & support grants |
| December | Grants activity - Season 2 opens | Review, KYC & support grants |
| Jan–Apr | Grants activity (Months 1–5) | Ongoing reviews & support |
| Category | No. of Grants | Cost per Grant | Total |
|---|---|---|---|
| Admin | - | - | $60,000 |
| Contingency | - | - | $10,000 |
| Growth Pool | 6 | $25,000 | $150,000 |
| Scale Pool | 2 | $50,000 | $100,000 |
| Boost Pool | 15 | $10,000 | $150,000 |
| Total | $470,000 |
Monthly breakdown:
| Month | Steward | Admin | Total |
|---|---|---|---|
| Aug | 6,900 | 2,000 | 8,900 |
| Sep | 7,800 | 2,000 | 9,800 |
| Oct | 12,000 | 2,000 | 14,000 |
| Nov | 7,800 | 2,000 | 9,800 |
| Dec | 5,500 | 2,000 | 7,500 |
| Closeout | 0 | 10,000 | 10,000 |
| Total | 40,000 | 20,000 | 60,000 |
Due to the nature of grant giving and the ongoing management required, we need a budget to be able to support ongoing grants past the December/January Season change as many grants do not deliver within the 4 month allocated timescale. Our current operations/administration pool currently has $89,388 cUSD (25/07/25). This is rolled over from previous funding rounds and acts as a necessary contingency buffer. If Prezenti was to close, any remaining funds would be returned to the community via the governance contract.
Multisig Wallets:
celo:0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44celo:0x3C9a27cd6d3CaF595aa5088001482664215f8Da7celo:0xd1e5488B44AF038f2B220D1e53f0Cb068904E3b3tbccelo:0x03344b9FCDdE6BE2FEF42876dB8fDc0696Ec688Feth:0x03344b9FCDdE6BE2FEF42876dB8fDc0696Ec688FThe 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, CELO has traded between $0.33–$0.335 USD, implying that to fully cover the requested $470,000 USD budget, approximately 1,362,000–1,382,000 CELO would be required (including a 1.5–3% buffer for price movement and execution).
However, when testing a real swap on-chain using the cUSD/CELO pool (as shown in the attached screenshot), the executable rate is currently ~3.716 CELO per 1 cUSD (≈$0.269 per CELO). At this rate, approximately 1,746,267 CELO would be needed to realize the full $470,000 budget.
We are therefore requesting 1,746,267 CELO, aligning with the current executable on‑chain rate. 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.
CELO Budget Calculation
| Basis | Rate (USD/CELO) | CELO Needed for $470K |
|---|---|---|
| 90‑day rolling avg | $0.33–$0.335 | ~1,362,000–1,382,000 |
| On‑chain executable | ~$0.269 | ~1,746,267 |
Using the on‑chain executable price ensures that the requested budget reflects real-world swap conditions, preventing underfunding of the program. Any excess CELO left after the funds have been exchanged will be returned to the Celo Community Fund Governance contract
Multi-sig 2/3 Signers:
0xd07B6140a682D367A38eA4B2f3b3460acEecDdb10x3fA757A1bA226B52dF46769631c66356151fa4ac0xAC15963065Cd50b25B9eA0eA579f286942A2Af14Additional reviewers: Celo Foundation (unpaid, TBD).
Here’s the amendment section rewritten in clean Markdown to match the previous formatting:
Our initail proposal was different from the above proposal. This section is to give context, more can be found on the linked forom post. Following discussions with the Celo Foundation on priority areas for Season 1 and to ensure the overall ecosystem remains within the $3M budget, we have revised our scope and reduced our budget by 42% (from $811,200 cUSD).
Key changes include:
We’re introducing a new funding stream: the Boost Pool.
| Category | No. of Grants | Cost per Grant | Total |
|---|---|---|---|
| Admin | - | - | $60,000 |
| Contingency | - | - | $10,000 |
| Growth (Stage 2) | 6 | $25,000 | $150,000 |
| Scale (Stage 3) | 2 | $50,000 | $100,000 |
| Boost (Stage 2–4) | 15 | $10,000 | $150,000 |
| Total | $470,000 |
| 2025 Budget | Steward | Admin | Total |
|---|---|---|---|
| Jul | 0 | 0 | 0 |
| Aug | 6,900 | 2,000 | 8,900 |
| Sep | 7,800 | 2,000 | 9,800 |
| Oct | 12,000 | 2,000 | 14,000 |
| Nov | 7,800 | 2,000 | 9,800 |
| Dec | 5,500 | 2,000 | 7,500 |
| Closeout / Contingency | 0 | 10,000 | 10,000 |
| TOTAL | 40,000 | 20,000 | 60,000 |
We have reduced our Season 1 budget by 42% to align with the Celo Foundation’s priorities and to help ensure the community stays within the $3M spending cap.
Our core metrics, team, operations, and motivation remain unchanged. Prezenti is proud to support this next chapter of the Celo ecosystem and excited to play a key role in its evolution.
0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44[
{
"contract": "GoldToken",
"address": "0x471EcE3750Da237f93B8E339c536989b8978a438",
"function": "increaseAllowance",
"args": [
"0xA5c9389A0Ce1bFe24FF883E761Ff313225C77D44",
"1746267000000000000000000"
],
"value": "0"
}
]
A human readable version of this proposal can be found using the following command (on-chain ID determined after submission): $ celocli governance:show --proposalID 244 --node https://forno.celo.org