What are Celo Public Goods
Public goods are those that are available to all ("nonexcludable") and that can be enjoyed over and over again by anyone without diminishing the benefits they deliver to others ("nonrival"). "Public Goods" is used loosely in Web3. In this context, the term is used to describe any project or initiative that contributes to the well-being of a community /ecosystem. As such, any initiative that generates long-term value for Celo can be considered a Celo Public Good. From the perspective of building a digital regenerative economy, as Celo articulates in its vision, the Celo Public Goods are the capital assets we aim to nurture to improve Celo's well-being. Examples of Celo Public Goods are educational resources, developer tools, governance frameworks, and incubation programs.
How are Celo Public Goods Funded?
Celo Public Goods are currently funded by a special allocation from the Celo Community Treasury. The existing Public Goods budget aims to fund them between July 1st and December 31st, 2024. The CPG Stewards, a group of community contributors and Public Goods experts streamline the Public Goods funding process by supporting with curation, communication, accounting and review of CPG applications. The current CPG budget is split between the following categories. A record of all CPG H2 Proposals can be found in Tracker: CPG Budget H2. Funds are distributed on a rolling basis. No more proposals can be submitted once a Category reaches its budget cap.
Any proposal shared on the Forum that does not fit inside one of the Intents will not receive Celo Public Goods Stewards support and will be referred to the regular Celo Governance Guidelines.
Intent | Description | Budget (overall) | Budget (remaining) |
Regional DAOs | Budget for operating the Celo Regional DAOs that support growth and development in key geographic regions. | 200,000 cUSD | 200,000 cUSD |
Celo Builder Grants | Budget for running Celo-native grants and identifying and funding requests for proposals. | 250,000 cUSD | 0 cUSD |
Digital Infrastructure | Budget for supporting CeloPG-related digital infrastructure. | 25,000 cUSD | 25,000 cUSD |
QF and RPGF Rounds | Budget for running Celo Quadric Funding rounds and a Retrospective Public Goods initiative on Gitcoin Grants stack on Celo in Q2 2024. | 200,000 cUSD + 250,000 CELO | 200,000 cUSD + 250,000 CELO |
How to apply for H2 CPG Funding
You can submit a proposal for Regional DAO Funding from July 1st to November 30th, 2024, via the Public Goods Snapshot.
- Fill out the Regional DAO Proposal [Template]
- Open a new thread on the Celo Forum as a [DRAFT]
- Gather input and feedback from the Community through the Forum and potential community calls.
- Once feedback has been incorporated and the forum thread has been up for at least seven days, signal that you are ready to move your proposal to the Voting stage and update the title to include [FINAL]. At least two CeloPG Stewards must signal readiness for your proposal to move to a Snapshot vote.
- A Celo Public Steward will submit your proposal to the Public Goods Snapshot once your proposal has reached the [FINAL] Stage and received at least two readiness signals. After submission, the Voting Phase will start.
Voting Phase
All Celo Public Goods proposals will be voted on in the Public Goods Snapshot based on the Celo Voting powered. Each vote takes 5 days. A minimum voting quorum of 4 steward votes is utilized to validate the legitimacy of the proposals.
If a proposal receives a majority of NO votes: The proposal will be denied, and the budget will not be allocated to the project. If a proposal receives a majority of YES votes, The proposal is passed, and the budget will be granted according to the milestones and payment terms specific to the proposal. The Public Goods Stewards will contact the author within 48 hours after the proposal is passed to onboard them.