TLDR

• CELO is an EVM Blockchain
• CELO plans to become an Ethereum L2
• As with every deployment of CarbonDeFi, the Arb Fast Lane framework will be deployed as well.
• Fees will be used in the same way they are in the Ethereum and SEI deployments.

Summary

• CELO is a Mobile-first, EVM compatible and Carbon negative blockchain.
• We have already seen CarbonDeFi’s performance on inexpensive fast chains is impressive.
• The Credit Collective is very interested in this CarbonDeFi deployment
  • The Credit Collective will work to ensure there is deep liquidity on CarbonDeFi
• As with every deployment of CarbonDeFi, the Arb Fast Lane framework will be deployed as well.
• Fees generated by the deployment will be used exactly the same as fees generated by the Ethereum Deployment
  • Upon launch, fees will be held in the vortex until a bridging solution is decided upon in a future proposal and then can be sent to the CarbonDeFi Vortex on Mainnet.
• This proposal suggests setting the taker fee at 20 basis points
  • This is a parameter that can be adjusted by the DAO.
  • 20 BPs is being proposed as many of the tokens expected are likely to be less volatile than on the SEI deployment:
• Upon deployment, this proposal does not suggest any custom fee for stable to stable trades. While the author of this proposal would like to have something similar to what was done on mainnet (link), it might make more sense to see which stables people are interested in using and then creating the special fee tier.

FOR

Deploy on CELO with a taker fee of 20 BP

AGAINST

Take no action