Celo proposal seeks to grant Opera 160M CELO to transition from partner to long-term network stakeholder.

Celo Core Co. has submitted a governance proposal to the Celo community to allocate roughly 160 million CELO from the protocol’s unreleased treasury to Opera, restructuring their existing commercial deal and turning Opera from a paid distribution partner into a long-term network stakeholder. The proposed allocation is in lieu of future cash payments and would be governed by a three‑year strategic framework, subject to approval through Celo’s decentralized governance process. Under the proposal, the 160M CELO—about 16% of Celo’s max supply and roughly 27% of circulating supply—would be transferred in a single transaction to an Opera-controlled Safe, with vesting and usage terms designed to align Opera’s incentives with the network’s long-term growth. Opera would commit to holding CELO as a reserve asset, staking it, and using its position to support Celo-based products such as MiniPay, which reportedly has 14 million account registrations and hundreds of millions of transactions, and to continue distributing Celo stablecoins to its large user base. To address governance centralization risks, Opera’s voting power would be capped at 10% of total staked CELO, except in defined protocol emergency scenarios, and the move is framed as a way to replace recurring grant requests with a single, transparent three‑year arrangement that reduces governance overhead. If approved, Opera would become one of the largest institutional holders in the Celo ecosystem and a key onchain stakeholder, rather than a vendor paid in fiat. Proponents argue this deeper financial alignment could strengthen Celo’s position as an Ethereum Layer 2 focused on real-world finance by tying a major browser’s growth—particularly via MiniPay and stablecoin integrations—directly to the success of the Celo network. The proposal remains in the discussion/governance phase on the Celo Forum and will only take effect following a community vote.

✨ AI-generated background, compiled from web sources — not editorial content.

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