This proposal is a proxy governance proposal that mirrors Mento Governance Proposal 10 (MGP-10). As part of the ongoing coordination between the Celo community and the Mento community, Celo token holders have the opportunity to vote in Mento Governance with the Celo Community fund Mento Allocation.
The original MGP-10 can be found here: MGP-10: Restructuring the Mento Reserve Yield on Mento Reserve & Mento Funding
This CGP does not introduce new changes beyond those specified in MGP-10. Instead, it acts as the execution layer within the Celo governance system, ensuring proper alignment between the two governance processes.
MGP-10 proposes restructuring how the yield generated by the Mento Reserve is allocated. Under the proposal, a portion of the reserve yield will be directed toward the Mento Reserve itself, while another portion will fund Mento protocol development and operations. This restructuring is designed to ensure that the Reserve remains robust while also providing sustainable and transparent funding for the ongoing growth of the Mento protocol.
The Mento protocol depends on both the financial health of the Reserve and a reliable source of funding for protocol development and ecosystem support. Until now, the distribution of yield has lacked a clear, sustainable structure. MGP-10 introduces a framework that balances the Reserve’s long-term stability with the need for predictable, transparent funding.
Key motivations include:
The full specification, including parameters, rationale, and implementation details, is defined in MGP-10: MGP-10: Restructuring the Mento Reserve Yield on Mento Reserve & Mento Funding
This CGP acts as a binding proxy and does not alter or reinterpret the contents of MGP-10. The on-chain governance vote on this CGP will execute the decisions described in MGP-10.
No transactions, a yes/no vote will be carried out by the approvers depending on the outcome of the CGP.
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