The Celo community has voted overwhelmingly in favor of adopting Optimism's OP Stack technology.
$CELO Prop #174:
— Stakecito | Validator (@stakecito) May 10, 2024
Cel2 Proposal Temperature Check - Using Optimism Stack for Cel2
Stakecito voted YES
Stakecito has voted in favor of the proposal by cLabs to migrate @Celo to an Ethereum Layer 2 (L2) using the @Optimism Stack.
This migration promises a swift transition to… pic.twitter.com/VcLBh2bJ8x
In the proposal, author Mariano Cortesi claimed that Celo’s transition to an L2 solution from the OP Stack framework. According to the author, besides its similarity to Ethreum’s GETH client, the OP Stack requires minimal changes to make it compatible with the Celo network. Additionally, Optimism’s framework also supports multiple blockchains and works with other stacks, including Polygon's Type 1 ZK Solution. He further noted,
"Among the many strong options that were presented, the most direct path forward to building CEL2 is to leverage the OP Stack. The OP Stack fulfills the criteria previously outlined in prior cLabs shareouts, and it also fits needs in three key areas: (1) time to production, (2) Ethereum alignment, and (3) positive-sum growth."
Get Our Free Newsletter
Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox
Soon, the proposal garnered widespread support from the Celo community, with as many as 65 addresses representing 14.6 million CELO tokens voting in favor of switching to the OP Stack. Interestingly, none of the addresses voted against the proposal. That said, two addresses, representing 20,484 CELO, chose not to vote by choosing the abstain option.
With the end of the voting period, the proposal has finished its “temperature check” phase, and is currently awaiting execution. Meanwhile, the price of Celo’s native token has remained in the red. Currently, the CELO coin is valued at $0.79, down by over 6.5% in the last 24 hours.
