<aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/4514bed5-d3e3-402c-b4e4-5aa68faa39ff/9a818352-413a-4967-828c-a0b3e8a3f86e/communityIcon_fd5nh4eyi5ya1.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/4514bed5-d3e3-402c-b4e4-5aa68faa39ff/9a818352-413a-4967-828c-a0b3e8a3f86e/communityIcon_fd5nh4eyi5ya1.png" width="40px" /> On this page, you will find an introduction to Celo Public Goods and guidelines on how to apply for funding.
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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"). The term "Public Goods" is used more loosely in the Web3 space than its traditional counterpart. 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 can be seen as 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.
Celo Public Goods are currently funded by a special allocation from the Celo Community Treasury. The existing Public Goods budget aims to fund Public Goods for the period between February 1st and July 20th, 2024, in accordance with the CPG H1 Timeline
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. The detailed overview of all CPG Proposal can be found in . Funds are distributed on a rolling basis. Once a Category reaches its budget cap, no more proposals can be submitted.
| Strategies | Description | Budget (overall) | Budget (remaining) |
|---|---|---|---|
| Regional DAOs | Budget for operating the Celo Regional DAOs that support growth and development in key geographic regions. | 500,000 cUSD | 44,150 cUSD |
| Celo Project Incubation | Budget for incubating new and existing projects on Celo. | 325,000 cUSD + 100,000 CELO | 0 cUSD + 0 CELO |
| Celo Grants and Requests For Proposals | Budget for running Celo-native grants and identifying and funding requests for proposals. | 500,000 cUSD | 157,000 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. | 125,000 cUSD + 500,000 CELO | 125,000 cUSD + 500,000 CELO |
You can submit a proposal for H1 CPG Funding from February 16th to May 31st, 2024 via the Public Goods Snapshot.
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 2.5M CELO 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.
