The Godfather of DAOs
summary
Cello’s on‑chain community fund holds 8 million SOL (~$40M) and receives 25% epoch allocation of validator rewards daily; proposals include a 200k SOL savings incentive (cUSD rewards), a 600k SOL fast‑grant multi‑sig, a 15k SOL appreciation gift multi‑sig, and a withdrawn CCP35 to cut the epoch share from 25% to 5%. CCP38 creates a 5‑of‑9 ecosystem treasury aimed at emerging markets with plans for a Brazil DAO 300–500k USD local allocation, plus Nigeria and Philippines pilots.
AI-written summary · about
chapters (5)
- 0:00Start
- 2:41What is the On-Chain Community Fund?
- 3:51All The Governance Proposals Drafted
- 8:25DAOs from the Treasury • The Treasury goal is to create opportunities in emerging markets using Web3 tools • First DAO funding initiative will target 3 countries
- 12:17Ideas and Opportunities • Encourage more communities to make proposals to the community fund. • Encourage more DAOs to manage their allocations of the community fund. • Explore better governance tools around supporting the community fund
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