Overview
- Opera submitted the request to Celo’s governance forum on March 19 for a one‑time transfer of 160 million CELO from the unreleased treasury to an Opera‑controlled Safe.
- Under the plan, Opera’s voting power would be capped at 10% of total staked CELO except in protocol emergencies to preserve decentralized governance.
- The proposed allocation equals about 27% of circulating CELO and 16% of the token’s maximum supply, which would make Opera a major stakeholder if approved.
- The proposal would replace a quarterly U.S. dollar grant with a three‑year token award to cement long‑term incentive alignment with the Celo ecosystem.
- Opera cites MiniPay’s 14 million registrations and 420 million transactions across 66+ countries and plans to let over 50 million browser users redeem rewards as USDT in MiniPay, with community approval still required.