<aside> 🌍 Welcome to the GoodUpdate, your monthly recap of all the things happening in the GoodDollar ecosystem. We have been SO busy since our last update, and we can’t wait to share everything we’ve been working on with you.
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<aside> 🏆 So much has happened in the GoodDollar ecosystem since our last update! Here’s what we’re celebrating this month.
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It’s official! On March 15, the GoodDollar protocol officially expanded to Celo. This means that all GoodDollar users can now claim G$ daily on both Celo and Fuse.
This expansion has been many months in the making, and we are so proud to see it finally become a reality. The proposal was first presented on Discourse earlier this year and passed with overwhelming support from the community.
Why expand to Celo? Our intention at GoodDollar has always been to be a multichain protocol, so we can expand our impact even further. We are always looking for new opportunities to build dapps and communities for the people we serve globally. Expanding to Celo was a natural first step. Like GoodDollar, Celo’s core mission is to build an open financial system that creates the conditions of prosperity for all. Celo has also invested in empowering developers and communities that bring the power of open finance to underbanked communities in emerging markets. This alignment makes for a great partnership, and we are so excited to have received a 500,000 cUSD grant from The Celo Foundation to make all of this a reality. 400,000 cUSD will be used to deepen the GoodReserve and fund the issuance of G$ to be deployed on Celo. The G$ funds on Celo will be used to support community education initiatives, fund Celo-based dapps and builders, and seed liquidity on Celo. Funds will managed by a committee composed of GoodDollar and Celo community members.
What’s happened so far?