Browser maker Opera seeks 160 million CELO stake to become key network stakeholder
Opera proposes swapping its cash deal for 160 million CELO tokens to become a major stakeholder in the Celo network.Summary
Browser maker Opera (OPRA) has submitted a proposal to Celo's governance forum to replace its existing quarterly U.S. dollar grant with a three-year award of 160 million CELO tokens. This allocation represents approximately 27% of Celo's current circulating supply and 16% of its 1 billion maximum supply, which would make Opera a key stakeholder if approved by token holders. The transfer involves moving the tokens from the unreleased treasury to an Opera-controlled Safe, though the proposal caps the voting power of these tokens at 10% of total staked CELO, except for protocol emergencies. Opera argues this change reflects the importance of its self-custodial wallet, MiniPay, which runs on the Celo layer-2 network and has over 14 million registrations. Jorgen Arnesen, EVP at Opera, stated that this move reflects their long-term commitment to the Celo ecosystem, as MiniPay is already Celo's most-used application.
(Source：CoinDesk)